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DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--
The "Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global software defined networking market size reached US$ 15.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 55.7 Billion by 2027, exhibiting a CAGR of 23.5% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Software-defined networking (SDN) refers to a network architecture solution used for workflow automation through software-based applications. It is designed to enhance the efficiency and agility of networks for enabling the user to control large volumes of data and the network traffic.
The SDN architecture consists of various elements, such as a controller to centralize physical and virtual environments, southbound application program interface (API) to transmit information between the controller and the individual switches, access points and firewalls, and northbound API to transfer data between the controller and the application and policy engines. In comparison to traditionally used networking systems, SDN is more cost-effective and offers enhanced flexibility and security over the entire network.
The rising trend of network infrastructure automation and the widespread adoption of cloud-computing services and big data analytics across various industries, are the key factors driving the growth of the market. There is an increasing demand for efficient networking solutions, such as SDN, for data center consolidation, server virtualization and enhancing enterprise mobility. In line with this, with the increasing adoption of Bring-Your-Own-Devices (BYOD), organizations are extensively using SDN solutions to customize and manage the data accessed by employees and optimize the mobile workforce.
Furthermore, various technological advancements, such as the integration of the Internet of Things (IoT) with connected devices, are acting as other growth-inducing factors. SDN service providers are also developing architectures to support the 5G infrastructure, thereby creating a positive outlook for the market. Other factors, including increasing investments in the development of open-source SDNs, along with digitization of the existing 3G and 4G networks, are anticipated to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global software defined networking market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, organization size, application and end use industry.
Breakup by Component:
Breakup by Organization Size:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/hhvo6t
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/21/2022 10:00 AM/DISC: 11/21/2022 10:02 AM
http://www.businesswire.com/news/home/20221121005615/en