A recent report published by
Infinium Global Research on software defined network market provides in-depth
analysis of segments and sub-segments in the global as well as regional software
defined network market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional software defined
network market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global software
defined network market. According to the report, the global market for software
defined network market was sized near USD 11 billion in 2020 and is expected to
reach over USD 30 Billion by 2026 growing with a CAGR of 17.7% over 2020-2026
Software-Defined Networking (SDN)
is a dynamic, manageable, cost-effective, and adaptable evolving architecture
that makes it suitable for the high-bandwidth, dynamic nature of today's
applications. SDN allows the programming of network activity by software
applications using open APIs in a centrally managed way. The entire network and
its equipment can be handled consistently by operators by applying SDN. The
architecture of SDN is directly programmable, agile, centrally managed,
programmatically configured, and also features open standards-based and
vendor-neutral. SDN is gaining popularity as the networks are being overwhelmed
due to increased activity in other areas such as infrastructure, specifically in
cloud computing and storage areas. The two main characteristics that define SDN
is the decoupling of data and control planes and control plane programmability.
Existing network infrastructure is
experiencing tremendous pressure as a result of an increase in network
traffic. Thus, the importance of network management is growing rapidly. The
flexibility provided by SDN to effectively manage the networks and optimize the
connectivity required for sales, customer service, and internal communications.
The instant deployability of new applications, services, and business models is
fuelling the adoption of SDN. The adoption of SDNs leads to a reduction in
operational costs of the organization, firm, etc. SDNs also help in managing
the security of the network more efficiently and accurately devoid of any
loopholes in the network. These things are majorly driving the market. The only
restraint the market faces is the low availability of skills required for
operating SDNs as this is still an evolving technology. Though this is an
evolving technology the awareness regarding it is growing at a rapid pace.
Thus, it is expected to provide new opportunities.
Geographically North America
region is anticipated to be the highest revenue-generating region. The network
traffic in this region is growing rapidly. Therefore, digital network
management is gaining importance. This
is leading to the growing adoption of the software-based network. Its adoption
will help the end-user industries to effectively manage their network system
and smooth running of operations. Europe is expected to be the second-largest revenue-generating region as demand for SDN is increasing constantly.
Asia-Pacific is projected to be the third-highest revenue-generating region. As
there is increased demand from developing nations in this region.
The report on the global software defined
network market covers segments such as type, network type, application, and end
user. On the basis of type, the sub-markets include open SDI, SDN by API, and SDN
via overlays. On the basis of network type, the sub-markets include WAN,
optical, and wireless. On the basis of application, the sub-markets include
security, cloud, big data, and routing. On the basis of end user, the
sub-markets include enterprise, government, cloud service providers,
telecommunication service providers, and others.
The report provides profiles of
the companies in the market such as Cisco Systems, Inc., Dell Technologies
Inc., Juniper Networks, Inc., Arista Networks, Inc., IBM Corporation, Fidelity
Investments Inc., Huawei Investment & Holding Co., Ltd., Hewlett Packard
Enterprise Company, Microsoft Corporation, and Broadcom Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of software defined network market. Moreover, the study highlights current
market trends and provides forecast from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.