The global SDNmarket size is expected to grow from USD 13.7 billion in 2020 to USD 32.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.0%
Growth in adoption of digital learning is a major growth driver for the global SDNmarket
NEW YORK, Aug. 17, 2020 /PRNewswire/ --
Read the full report: https://www.reportlinker.com/p05061081/?utm_source=PRN
The global SDNmarket size is expected to grow from USD 13.7 billion in 2020 to USD 32.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period.The major growth drivers for the market arethe investment of CSPs in SDN technology to automate network infrastructure, significant reduction in CAPEX and OPEX, increasing demand for cloud services, data center consolidation, and server virtualization, increase in demand for enterprise mobility to enhance productivity for field-based services. However,the SDN controller to be an ideal attack surface providing a hacker the total control of networkrestrainsthe market growth.
The services segment is estimated to constitute the largest market size during the forecast period
With the increasing adoption of SDN technology, the demand for associated services is also expected to increase among service providers and enterprises.Based on services, the SDN market has been segmented into consulting, implementation, and training and support.
These services help end-users in managing and optimizing network infrastructure. They are required for the effective deployment of SDN solutions.
The overall services segment includes a range of activities, such as planning, design, equipment installation, training, commissioning, testing, network optimization, maintenance, post-deployment assistance, root cause analysis, and 24*7 support
Service providers segment in end user is expected to grow at the highest CAGR during the forecast period
The service providers segment mainly consists of telecom service providers, MSPs, and cloud service providers.These service providers are actively leveraging SDN to optimize networks, improve service delivery times, and increase the ARPU, and lower CAPEX and OPEX.
SDN transforms the network to a more open and programmable framework by implementing a decoupled centralized control layer, which optimizes the network resources, resulting in reduced network congestions, enhanced network user capacity (bandwidth requirement), and minimized cost associated with hardware requirement for network user expansions.
The increasing adoption of SDN by telecom service providers has boosted the overall network capacity potential by delivering flexibility in bandwidth.Telecommunication providers are constantly striving to offer new and innovative services to their customers at better data transfer rates across their entire network.
To achieve their motive, telecommunication providers need to effectively manage the network, optimize the routers and switches for the peak hour traffic, and enable data center networking equipment to handle large volumes of data during the peak hours. Thereby, telecommunication providers are inclined toward adopting the SDN infrastructure.
APACis estimated to grow at the highest CAGR during the forecast period
APAC consists of major economies, such as China, India, Japan, Australia, and South Korea.They are gaining worldwide attention due to their rapid growth and advancements in all fields, majorly attributed to the adoption of technologies, such as cloud, big data, SDN, swift digital transformation, and highly industrious human resources.
The large population of APAC is major traction to investors all over the world for attaining a large subscriber base. Datacenter deployments are complementary to the SDN technology, and with technological advancement, the data center market is expected to grow exponentially.
The latest 4G technology intervention in APAC is a major reason for the rapid digital transformation in the region.This has led to developments in technologies, such as IoT, BYOD, and mobility services, opening numerous revenue streams and use cases for businesses.
The 4G technology is at a growing stage in APAC, driven by the large subscriber base, favorable policies and regulations, and increasing demand for data storage and security. All these factors act as drivers for the SDN market due to the rapid digital transformation and a broad scope of growth.
Several global players of SDN have foreseen APAC as a major strategy impacting region, due to its strong spending capabilities in the IT infrastructure.SDN is a significant paradigm shift in networking technology.
More SMEs adopting SDN pertains to high growth and advancements in the enterprise verticals of APAC, further benefiting the economy and driving prosperity.
The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 60%, Tier 2 – 15%, and Tier 3 – 25%
• By Designation: C-Level Executives – 48%, Directors – 28%, and Managers – 24%
• By Region: North America – 35%, Europe – 28%, APAC – 23%, and RoW–14%
The report profiles the following key vendors in the global SDN market that include Cisco(US), Dell EMC(US), HPE(US), VMware (US), Huawei(China), Juniper Networks(US), Nokia (Finland), Oracle(US), Citrix(US), Extreme Networks(US), Infovista(US), NEC(Japan), Pluribus Networks(US),Arista Networks(US), CloudGenix (US), Cumulus Networks(US), DataCore Software(US), Fortinet(US), Fujitsu(Japan), HiveIO(US), Lenovo(HongKong), NetApp(US), Pica8(US), Pivot3(US), and Scale Computing(US).
Research Coverage
The report segments the global SDNmarketby Components, professional services, SDN types, end-users, organization size, enterprise verticals, and regions. It has adetailed analysis of the key industry players to provide insights into their business overviews, services, key strategies, new service launches, partnerships, agreementsand collaborations, expansion, andthe competitive landscape associated with the globalSDNmarket.
Reasons to buy the report
The report would help the market leaders/new entrants in the following ways:
• It comprehensively segments the SDNmarket and provides the closest approximations of the revenue numbers for the overall market and itssubsegments across the majorregions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.
Read the full report: https://www.reportlinker.com/p05061081/?utm_source=PRN
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article