Software-Defined Networking Market worth 13.8% CAGR by 2027
" COVID-19 Impact on Software-Defined Networking Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Software-defined networking is a technology adopted for creating a global perspective of a network to offer centralized, intelligence-based network control. It has redefined the networking architecture by facilitating a flexible way to handle and control compound networks with efficient resources. Software-defined networking provides improved mobility & robustness for communication service providers, ease-in-network congestion, cost & time optimization, flexibility in network infrastructure, and fast innovation.
Increasing mobile data usage has promoted mobile network operators to improve their existing systems and augment consumer base and applications & devices. Customers use mobile phones to perform financial transactions, propelling the requirement for low latency and high-speed switches. Moreover, the telecommunication service providers deploy Operations Support Systems (OSS) to manage and aid their business through provisioning services. Therefore, these factors are projected to foster the global software-defined networking market during the forecast period.
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Furthermore, various technological advancements, such as the incorporation of the Internet of Things (IoT) with connected devices, contribute to the market growth. Software-defined networking service providers also develop architectures that support the 5G infrastructure, creating a positive impact on the software-defined networking market. Other factors, such as rising investments in the development of open-source software-defined networking, digitization of the current 3G and 4G networks, and rising demand for hybrid clouds, are projected to create lucrative market opportunities further.
The Software-Defined Networking Market research report titled “Software Defined Networking Market by Solution, End User, Vertical and Geography – Global Forecast up to 2027.”
The top five leading players of the market include Arista Networks Inc., International Business Machines Corporation, Cisco Systems Inc., Citrix Systems Inc., and Hewlett-Packard Enterprise Company.
The rising adoption of software-defined networking solutions due to the increasing digitization and increasing demand for shorter response time in the region is the key factor responsible for the major share of North America.
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The report consists of 95 Tables and 68 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Software-Defined Networking by Solution
- Physical Network Infrastructure
- Virtualization/Control Software
- SDN Applications
- Professional Services
Software-Defined Networking by End User
- Cloud Service Providers (CSPs)
- Technology Service Providers (TSPs)
Software-Defined Networking by Vertical
- Banking, Financial Services, and Insurance
- Telecom & Information Technology
- Consumer Goods & Retail
- Government & Defense
- Academia & Research
Software-Defined Networking by Geography
- North America
- Asia Pacific
- Rest of the World