Multi-Cloud SDN Market Size

Multi-Cloud SDN Market size was valued at USD 5 Billion in 2023 and is anticipated to exceed USD 19.5 Billion by the end of 2036, registering over 12% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of multi-cloud SDN is estimated at USD 5.6 Billion.

The primary drivers of the multi-cloud SDN market development are the growing adoption of hybrid cloud and multi-cloud strategies by companies across a range of industry verticals, the pressing need for higher-level policy and governance administration, and the substantial shift in the workforce toward remote work brought on by the pandemic outbreak. It was further observed by Eurostat statistics that in 2023, 42.5% of EU businesses purchased cloud computing services, primarily for office software, file storage, and email.