Software Defined Networking Market Revenues to expand $28.9 billion by 2023

Posted on 2019-11-22 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2019-Nov-22 —

According to new market research report “Software Defined Networking Market by SDN Type (Open SDN, SDN via Overlay, and SDN via API), Component (Solutions and Services), End User (Data Centers, Service Providers, and Enterprises), and Region – Global Forecast to 2023″ published by MarketsandMarkets™, the SDN market size expected to grow from USD 8.8 billion in 2018 to USD 28.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.8% during the forecast period. The adoption rate of SDN is expected to grow owing to the growing demand for data center services in businesses.

The SDN via API segment is projected to grow at the highest rate during the forecast period, as it enables the operators to manage the entire network and devices consistently, regardless of the complexity of the underlying network technology. Additionally, the open APIs support a wide range of applications, including cloud orchestration, OSS/BSS, SaaS, and business-critical networked apps.

The data center segment is projected to grow at the highest rate during the forecast period, as these the major end users of the SDN framework owing to increased adoption of SDN in the evolving software-defined data center (SDDC). The rising usage of SDN in the data centers for handling congestion, gaining visibility and control over the flows in a network, and managing the throughput and connectivity is leading the market growth.

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Key Market Players in Software Defined Networking Market

In the SDN market, the key and emerging market players include Arista (US), Big Switch (US), Cisco (US), Ciena (US), Cumulus (US), Dell (US), Extreme Networks (US), Huawei (China), HPE (US), Juniper Networks (US), Nokia (Finland), NEC (Japan), Nokia (Finland), Pluribus (US), VMware (US). These players have adopted various strategies to grow in the global SDN market.

Cisco has become a global leader in providing SDN solutions which it accomplished through significant R&D spending and hence, remain a distinguished player in the SDN market. The company has been profitable in data center switching market with its Application-Centric Infrastructure (ACI) portfolio. It has been keeping up with the pace of market through regular innovations and offering new products and solutions to the market. For instance, its product, ACI is an application-driven infrastructure that is beyond the basics of SDN.

NEC is a global leader in networking that is committed to innovation. The company is working on innovating in OpenFlow and virtualization by collaborating with research labs and focusing on getting a fully integrated and cloud-based environment. Its SDN solutions provide features that are fully compatible with the cloud, are reliable and flexible. With many players in the SDN market, innovation is the key, and NEC has proved to be a pioneer with its work in creating scalable tactics, smart transformation, and a global vision of social value creation.

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