Worldwide Carrier SDN Market to grow at a CAGR of 42.2% during the forecast period 2017–2023 to aggregate $9,510.3 million by 2023
Increasing data traffic, smartphone penetration, and need for data center consolidation & server virtualization are driving the growth of carrier SDN market. The leading product segment – services & applications is expected to grow at a CAGR of 43.5% and reach $4,859.8 million by 2023.
Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Worldwide Carrier SDN (Software Defined Networking) Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023” (January 2017).
According to Infoholic Research, The SDN is playing a vital role in the telecom industry. The adoption of SDN, helps the telecom players to deliver the services to customers in an effective way by reducing the network complexity, operational cost, provide the centralized control, and automate the traffic management, etc. Furthermore, number of devices are connecting to the internet and generating the massive amount of data on a regular basis. This will create the demand for adoption of SDN in carrier networks. The network companies are worried about growing network complexities and data traffic. These situations have forced the companies to spend hugely in the SDN space. Globally, there are lot of players planning to adopt the SDN in their business.
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The market is expected to grow at a CAGR of 42.2% during the forecast period 2017–2023 to touch an aggregate of $9,510.3 million by 2023.
“Currently, carrier SDN market is enabling network managers to adopt the most innovative technologies into infrastructure for reducing data traffic, network complexities, and enhance the service offerings to end-users across the globe. The carrier SDN market is an attractive space for technology providers, device manufacturers, and telecom players to expand their business in various regions.” – Tariq Ahmed. Shaik, Research Manager at Infoholic Research
“The carrier SDN market is witnessing a potential growth mainly driven by growing data traffic, and technology innovations in cloud, IoT and bigdata lending huge opportunities for stakeholders to expand their business and revenue in various regions. The services and applications will have the major market share. The government initiatives towards digital projects and growing business for connected devices will offer huge opportunities for the market growth during the forecast years. The wireless carrier segment holds enormous opportunities in the next 3–4 years due to the increased internet penetration, smartphones shipments and increasing demand from end users for attractive offerings.” – Praveen Kumar S, Research Analyst at Infoholic Research
Buy complete report on Worldwide Carrier SDN (Software Defined Networking) Market – Drivers, Opportunities, Trends, and Forecasts: 2016–2023
The report is segmented by product type, carrier type, enterprise type and regions. The services & applications type is playing a major role in offering innovative & high-quality services to carriers. The services & applications type is the leading product type, which is expected to grow at a CAGR of 43.5% during the forecast period and reach $4,859.8 million by 2023.
In terms of carriers analysis, wireless carriers are expected to outperform and reach $7,698.6 million by 2023. The wireless carriers have been the dominant carrier types for carrier SDN, where the revolution in the telecom industry and IoT advancements will further boost the growth of wireless carriers in the next 5 years. The growing demand for high-speed connectivity, need of advanced data services, and increasing count of connected devices create significant opportunities for carrier networks.
In terms of enterprise type analysis, larger enterprises play a primitive role in carrier SDN market mainly due to technology innovations, smart/connected devices penetration, mobile-based businesses, and growing BYOD trend. The SMEs are having less investments compared to larger enterprise for the adoption of carrier SDN offerings. It is expected in the coming years that a lot of SMEs will adopt the solutions offered by carrier SDN.
At present, larger enterprises type will be growing at an exponential rate, which is estimated to reach $7,607.3 million by 2023, growing at a CAGR of 41.9% during the forecast period 2017–2023.
In terms of regions, North America is set to be the leading region for carrier SDN market followed by Asia Pacific. RoW is set to be the emerging region for the carrier SDN market growth. The rising investments from regional governments for digital infrastructure, technological advancements such as IoT and bigdata, and increasing data traffic are expected to drive the market growth in the upcoming years.
The report aims to highlight key insights from providers and end-users. The report provides an in-depth analysis and forecast about the industry covering the following key features:
- The report not only highlights users’ conundrum (challenges and barriers to adopting carrier SDN) but also brings in their perspective on the worldwide carrier SDN market
- The market has been analyzed by taking into account the key regions – North America, Europe, APAC, and RoW
- The market is analyzed based on product type, carrier type, enterprise type, and regions
- The carrier SDN market report analyzes the top 13 players in terms of market reach, business strategy, and business focus
- Provides an in-depth analysis of the key business opportunities in each product, carrier, and enterprise types
- Competitive benchmarking analysis to optimize short term and long term strategy of the organizations
- Stakeholders’ insights and key trends (current and future) of the market
Scope of the Report:
The research report categorizes the “Worldwide Carrier SDN market” into the following segments and sub-segments:
- Product Type: Market Size and Analysis
- Hardware – Physical Infrastructure Network
- Software – SDN Controller Software
- Services & Applications
- Carrier Type: Market Size and Analysis
- Wireless Carriers
- Wired Carriers
- Enterprise Type: Market Size and Analysis
- Larger Enterprise
- Regions: Market Size and Analysis
- North America
- Asia Pacific
Ms. Kathakali Basu
Infoholic Research LLP