Global Software Defined Networking (SDN) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Components (Software, Hardware, Services), By End-User (Large Enterprises, Medium Enterprises, Small Enterprises), By Industry (Communication And Technology, BFSI, Retail, Education, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610406
- Pages : 114
Global Software Defined Networking Market is set to expand at a CAGR of 51.64% to increase from US$847.667 million in 2018 to US$6,799.308 million in 2023. Software-Defined Networking (SDN) is a process of computer networking that allows users to manage network services with ease, and control them with efficiency. SDN plays a major role in managing the typical network in an organization by executing customized and automated services for big data mining and easing data traffic. This technology has revolutionized the networking structure by providing a flexible way to manage and delegate complex networks through efficient resources and data traffic management. Rising demand for better technologies and surging cloud services are expected to fuel the market growth of SDN. Another positive factor impacting the market is the need for simplifying the task of networking and reducing the requirement for traditional networking structures.
North America accounted for the major share of the SDN market in 2017. Asia Pacific region is projected to witness the fastest growth over the forecast period and is expected to become the second-biggest market by 2023. Furthermore, the growing need for technological advancements in this region is the way forward for the key market players.
Segmentation
The global Software-Defined Networking market has been segmented by components, end-user, industry, and geography.
- By Components
- Software
- Hardware
- Services
- Professional Services
- Managed Services
- By End-User
- Large Enterprises
- Medium Enterprises
- Small Enterprises
- By Industry
- Communication and Technology
- BFSI
- Retail
- Education
- Others
- By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia Pacific
Related Reports
Report Name | Published Month | Get Sample PDF |
---|---|---|
Software Defined Data Center Market Size: Report, 2022-2027 | Nov 2022 | |
Encryption Software Market Size & Share: Industry Report, 2023-2028 | Mar 2021 | |
Network Management System Market Size: Report, 2023-2028 | Feb 2023 | |
Network Slicing Market Size & Share: Industry Report, 2021 - 2026 | Dec 2021 | |
Network as a Service (NaaS) Market Size & Share: Report, 2022-2027 | Dec 2022 |