Software Defined Networking Market Key Findings, Regional Analysis, Top Key Players, Profiles and Future Prospects | COVID-19 Effects

 

Overview

The SDN Market Share is anticipated to witness healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 42.41%, the market is projected to reach US$59 billion by 2023. Increase in investments in software-defined networking is expected to support the market growth along with network virtualization decreasing capital expenditure. As predicted by analysts, concerns regarding safety and security will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by the growing urbanization and high demand across industry verticals. The growing threat from cyber-attacks on the other hand will challenge network management sector based organizations functioning in the global software-defined networking (SDN) market. Analysts have split the market into end-user, application, component, organization size, and solution segments based on products and services. Network management based companies have been profiled.

The increasing demand for highly skilled professionals is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of network management segment based organizations to help new entrants and established businesses. The network management sector itself is supported by increasing awareness levels as well as consumers aiming for more convenience. During the forecast period 2018 to 2023, the software-defined networking (SDN) market is set to witness a health growth across end-user, application, component, organization size, and solution segments as well as regional markets.

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Market Segmentation

The network management sector has seen growth across end-user, application, component, organization size, and solution segments owing to the presence of untapped market opportunities and the changing social behaviour. To study the market, analysts have further segmented end-user, application, component, organization size, and solution into SMEs and large enterprises on the basis of organization size. The market is further segmented into the component sub segment which is split into hardware components, services, and software. Additionally, the software-defined networking (SDN) market on the basis of application is segmented into SD-WAN, SD-LAN, security applications, and others. The market is further segmented into solution sub segment which is split into physical network infrastructure solution, network virtualization, and automation solution. Additionally, the software-defined networking (SDN) market on the basis of end-user is segmented into retail, IT & telecommunication, healthcare, BFSI, industrial, government, and others.

The segmental analysis presented in the report provides network management field-based organizations insights into key growth factors such as the growing application areas as well as challenges such as the lack of investments from major companies the market will face from 2018 to 2023. Increasing adoption of IoT and the rapidly growing population are some of the key factors having an influence on network management industry-based companies, suggest analysts as per the software-defined networking (SDN) market report. But the report also identifies the lack of awareness and dynamic policies and regulations as major threats companies in network management will face till 2023. 

Drivers and Restraints

That the adoption of private cloud and growing software-defined data centers are key factors driving the growth of the software-defined wide area network industry. Additionally, MRFR analysis notes that IoT and smart technology are expected to continue to grow to accelerate the adoption of private cloud computing services.

The coronavirus outbreak (Covid-19) has purchased a difficult time for the entire world and people are struggling with the health, societal, and economic impact of the COVID-19 pandemic. In the global uncertainty, some players in the cloud and other innovations profit from the phenomenon and as technology buyers secure a long-term gain to see the advantages for their platforms. 

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

North America 's market accounted for the largest market share in 2018, and the forecast period is expected to show strong growth. The key drivers for the region's SD-WAN market growth include advanced network infrastructure and the increasing network virtualization requirement.

The Asia-Pacific Global Software-Defined Wide Area Network Market is projected to expand over the forecast period with the highest CAGR of 50.0 per cent. Asia-Pacific was divided into China, Japan, India, South East Asia and the rest of the Asia-Pacific zone for study. This rise can also be attributed to the emergence of creative and technologically active players and the expansion of their market scope in the region by global players. Other key industry players in this market are also expanding on the Asia-Pacific market through collaboration with providers of SDN and SD-WAN solutions. The Middle East and Africa is gaining impetus, majorly owing to the provisioning of network services for utilization with more efficiency.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are VMware, Inc., Versa Networks, Cloudgenix, Inc., Nuage Networks, CenturyLink, Inc., Cisco Systems, Inc., Oracle Corporation, Silver Peak Systems, Inc., Aryaka Networks India Pvt Ltd, Ecessa Corporation, Riverbed Technology, Cato Network, Forcepoint, Systems Inc.,and Untangle Inc. Citrix

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Software Defined Networking Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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