DUBLIN, November 30, 2021--(BUSINESS WIRE)--The "Software-Defined Networking Market by Solution, End-User, Technology Service Providers and Enterprises), Vertical and Geography - Global Forecast up to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Software-Defined Networking Market is anticipated to grow at the rate of 13.8% CAGR by 2027.
The major factors compelling the market's growth are the inclination towards network infrastructure automation and the extensive adoption of cloud-computing services and big data analytics among various industries. Efficient networking solutions, such as software-defined networking for data center consolidation, server virtualization, and enhancing enterprise potency, have high demand. In addition to this, the organizations mostly use software-defined networking solutions to customize and control the data accessed by employees and minimize the mobile workforce with the rising adoption of Bring-Your-Own-Devices (BYOD).
However, the SDN controller is the perfect attack platform offering a hacker total control of the network, which is a key factor in limiting the market growth.
Market Segment Highlights
By solution, the physical network infrastructure is projected to have the highest share in the software-defined networking market growth based on the solution segment. The software-defined networking majorly spreads in the industry and handles the flow control among the network devices and the application.
On the basis of end-user, the enterprise segment is expected to be the leading segment in the software-defined networking market. The key factors fostering the SDN adoption in the enterprise space include improved infrastructure flexibility and the requirement to minimize the time-to-market of several applications and services. For SDN to be employed across the enterprise, it is essential to ensure the complete knowledge of the implementation.
The telecom and IT vertical is projected to hold a significant share in the software-defined networking market as per the vertical segmentation. This is due to an increasing number of telecom and IT companies moving towards web-based applications and services. Less operational costs, holistic infrastructure management, abstraction, and integration with the cloud are the few major factors contributing to the rising adoption of software-defined networking in the telecom and IT vertical.
As per the geographical analysis, North America has a major position in the market share. This is ascribed to the early and rapid adoption of technologies, such as cloud computing, mobility services, network functions virtualization, Bring Your Own Device (BYOD), and high industrialization in the region.
The exponential development in the size and complexity of network infrastructures in the past few years has created a requirement for solutions to simplify and effectively manage the whole network. SDN solutions directly handle these problems by offering more flexibility in traffic management to enhance the network's efficiency. Hence, most Communication Service Providers (CSPs) worldwide invest in software-defined networking for end-to-end network, service management, and control, stimulating the software-defined networking market growth.
Arista Networks Inc.
International Business Machines Corporation
Cisco Systems Inc.
Citrix Systems Inc.
Hewlett-Packard Enterprise Company
Extreme Networks Inc.
Cumulus Networks Inc.
Dell Technologies Inc.
Juniper Networks Inc.
For more information about this report visit https://www.researchandmarkets.com/r/hn4zca
View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005852/en/
Laura Wood, Senior Press Manager
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