Multi-Cloud SDN Market Analysis

Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)

In multi-cloud SDN market, hybrid cloud segment is estimated to reach USD 98 Billion by 2036 and amounting to 42% of the global market. The segment’s growth can be attributed to the increasing adoption rate of hybrid cloud provides growth opportunities rising need for more computational power and rapidly for the market. Enterprises are leveraging the hybrid cloud model to eliminate business challenge that are difficult to address with traditional IT infrastructure.

The hybrid cloud approach was used by 56% of companies with more than USD 500 million in revenues. Hybrid cloud is bridging the gap between IT and businesses by improving agility and efficiency as well as by rapidly delivering IT resources at a low cost. It empowers enterprises to extend their applications and infrastructure as required, and offers users high-seed performance and high availability.

Hybrid cloud provides economies of scale while simultaneously delivering security to the sensitive information of businesses. As the availability of secure, scalable, and cost-effective resources can provide organizations with more opportunities to explore different operational avenues, it would drive the adoption of the hybrid cloud environment among organizations.

Enterprise Size (Small-Mid-Sized Enterprises (SMEs), Large Enterprises)

The Small-mid sized enterprises segment is likely to capture multi-cloud SDN market share of over 56% by 2036. SMEs are focused on lowering overall costs and implementing improved infrastructure. For their company operation to become more cost-effective, they need a flexible payment approach. SMEs are embracing cloud infrastructure services at a quick pace due to their simplicity of use and flexibility; demand is anticipated to increase throughout the forecast period. Over the next three to five years, cloud computing technology will be widely embraced due to SMEs' cost-consciousness. As observed, SMEs were spending 47% of their technology budgets on cloud services by 2022.

End-User (Manufacturing, BFSI, Energy & Utilities, Retail, Defense and Government, IT and Telecommunications, Healthcare, transportation, and Logistics)

The retail segment is slated to garner significant multi-cloud SDN market share over the forecast period. Retailers are embracing more cutting-edge technology like cloud computing, big data analytics, digital storefronts, and social networks in response to the growth of online marketplaces. For vendors in a given industry to provide their corresponding products and services, a full cloud infrastructure is required portfolios to the clients.

Due to intense rivalry, the retail and eCommerce sectors must manage demand fluctuations and volatility for a variety of products. Digital enterprises can only thrive if they promptly address the demands of their clientele and implement appropriate pricing strategies. The availability of retail locations and the adoption of omni-commerce are anticipated to contribute to the potential expansion of the retail and eCommerce verticals shortly. In light of this, the market is estimated to witness significant growth in this segment.

Our in-depth analysis of the market includes the following segments: