Global Software-Defined Networking (SDN) Market Report 2023: Market to Grow from $24 Billion in 2023 to $60 Billion by 2028 - Rising Implementation of SDN for 5G, Increasing Demand for Hybrid Clouds (2024)

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Jan 17, 2024, 18:15 ET

DUBLIN, Jan. 17, 2024 /PRNewswire/ --The "Global Software-Defined Networking Market by Offering (SDN Infrastructure, Software, Services), SDN Type (Open SDN, SDN via Overlay, SDN via API, Hybrid SDN), Application (SD-WAN, SD-LAN, Security), End-user, Vertical and Region - Forecast to 2028" report has been added toResearchAndMarkets.com's offering.

The global Software-Defined Networking market is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7%

This market study provides comprehensive coverage of the SDN market across various segments. Its objective is to estimate market size and growth potential within different segments, including offering, SDN Type, application, end-user, vertical, and region.

Software-defined networking (SDN) represents a revolutionary approach to network management and configuration. Unlike traditional networking methods, SDN separates the control plane from the data plane, facilitating centralized network provisioning, management, and automation. This innovative paradigm shift has significantly altered the networking landscape, driving advancements and reshaping industry dynamics.

The exponential surge in data traffic and the widespread adoption of cloud-based services are fueling the demand for agile and scalable network infrastructures. SDN addresses this need by enabling automated provisioning, efficient resource allocation, dynamic traffic management, and enhancing network performance and adaptability.

Numerous global SDN players have recognized the Asia-Pacific region as a strategically significant area due to its substantial IT infrastructure investment capacity. SDN represents a substantial shift in networking technology, with a growing trend of SMEs in Asia-Pacific adopting SDN technologies, leading to economic benefits and fostering prosperity.

The report also conducts a thorough competitive analysis of key market players, offering insights into their company profiles, notable product and business observations, recent developments, and key market strategies.

The report offers a detailed assessment of market shares, growth strategies, and offerings from leading companies such as Cisco (US), Huawei (China), VMWare (US), Dell EMC (US), Juniper Networks (US), IBM (US), Ericsson (Sweden), Ciena (US), HPE (US), Nokia (Finland), Arista Networks (US), Extreme Networks (US), Comcast (US), Citrix (US), NEC (Japan), Oracle (US), Palo Alto Networks (US), NVIDIA (US), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lenovo (Hong Kong), Pica8 (US), Scale Computing (US), Canopus Networks (Australia), Zeetta Networks (UK), Trustgrid (US), and COSGrid Networks (India).

Among offering, services segment to grow at the highest CAGR during the forecast period

As businesses increasingly rely on digital technologies and data-driven operations, the demand for SDN services continues to expand. The growing demand for expert guidance and integration services in the implementation of SDN solutions within existing infrastructures will also drive the market.

Among the SDN Type, the Open SDN segment holds the highest market share during the forecast period

The key driver for open SDN is vendor neutrality and interoperability. Open SDN solutions adhere to open standards, ensuring compatibility between various vendors' hardware and software components. This vendor-agnostic approach gives businesses the freedom to choose the best-of-breed solutions without being locked into a single vendor. The emphasis on interoperability promotes healthy competition, fosters innovation, and prevents vendor monopolies, making it an attractive choice for industries seeking flexibility and innovation in their network infrastructure.

Global Software-Defined Networking (SDN) Market Report 2023: Market to Grow from $24 Billion in 2023 to $60 Billion by 2028 - Rising Implementation of SDN for 5G, Increasing Demand for Hybrid Clouds (2024)

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