Software-Defined Networking Market Trends

  • Report ID: 4980
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Software-Defined Networking Market Trends

Growth Drivers

  • Cloud Services and Increasing Uses – it is important for cloud applications to get the SDN. This allows data movement between various distributed locations at a faster pace. Hence, most services and applications, specifically when they involve the cloud, need SDN to function.
  • Rising Investment by Communication Services Providers in Advance Networking Technologies –technologies such as SDN transform the network architecture of these service providers and minimize the cost of networking operations, which is why SDN attracts investment.
  • Growing Emergence of 5G Technology – which enabled the development of massive connectivity and capacity of powerful & complex heterogeneous infrastructure. There is a rising need to enhance the 5G networks for future 5G needs and hence, SDN and network function virtualization is being adopted to upgrade network architecture to support the requirements of a new 5G eco-system in the coming future, which is expected propel numerous opportunities for the software-defined networking market growth.

Challenges

  • Security Issues –The lack of a comprehensive controller mechanism is considered a major factor restraining market growth.
  • Complex SDN Architecture
  • Reluctancy in Transitioning from Traditional Networks

Software-Defined Networking Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

18.2%

Base Year Market Size (2024)

USD 30.93 billion

Forecast Year Market Size (2037)

USD 271.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Abhishek Verma


  • Report ID: 4980
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of software-defined networking is assessed at USD 35.43 billion.

The software-defined networking market size was valued at USD 30.93 billion in 2024 and is expected to reach USD 271.9 billion by 2037, expanding at around 18.2% CAGR during the forecast period i.e., between 2025-2037. The increasing investment in the development of the latest network technologies and the growing network traffic will drive the market growth.

North America industry is likely to dominate majority revenue share of 30% by 2037, impelled by rise in the adoption of cloud computing & mobility solutions and the increasing need to manage networks owing to growing network traffic.

The major players in the market include Broadcom Inc., Arista Networks, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., VMware, Inc., Extreme Networks, Inc., Fujitsu Limited, Oracle Corporation, Dell Inc.
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