Software-defined networking is an ideal application for high bandwidth applications. SDN enables the network to be centrally controlled and programmed using software applications using open API. By using the SDN in a traditional closed network, an operator can manage the entire network and its associated devices consistently. Software-defined networking is majorly getting adopted across data centers, wide area networks, and the access network. Furthermore, in the last few years, SDN has evolved into reputable networking technology offered by vendors such as Huawei Technologies, Juniper Networks, NEC Corporation, and IBM.

Market Dynamics:

The growth of software-defined networking is driven by the increasing adoption of cloud computing, growing investment in software-defined networks for capital expenditure and operating expenses, and the rising need for mobility services. For instance, according to Coherent Market Insights, in the year 2020, globally around 93% of enterprises were using cloud services, and it is expected to grow over the forecast period.

Furthermore, the increasing usage of IoT in conjunction with software defines networking operations is further expected to boost the demand of the SDN Market.

In addition, a lack of standardization in the implementation and utilization of software-defined networking technology is expected to hamper the growth of the Software-Defined Networking market over the forecast period.

Key Developments

1. In May 2021, İşbank a Turkey leading bank Chooses Huawei Software-Defined Datacenter Network Solution to Support Evolving Business Needs

Key features of the study:

• This report provides in-depth analysis of the software defined networking market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the software defined networking market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Alcatel-Lucent, Huawei Technologies, Cisco Systems, Inc., Juniper Networks, NEC Corporation, IBM Corporation, Google Inc., VMware, and Hewlett Packard Company.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The software defined networking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Software Defined Networking Market

Detailed Segmentation:

• Global Software Defined Networking Market, By End use
  • Enterprises
  • Cloud Service Providers
  • Telecommunications Service Providers
• Global Software Defined Networking Market, By Solutions
  • SDN Switching
  • SDN Controllers
  • Cloud Provisioning and Orchestration
  • Others (Security and Services)
• Global Software Defined Networking Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Alcatel-Lucent*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Huawei Technologies.
  • Cisco Systems, Inc
  • Juniper Networks
  • NEC Corporation
  • IBM Corporation
  • Google Inc
  • VMware
  • Hewlett Packard Company