Software Defined Networking Market Growth Report | 2021-2031
The software-defined networking market size is projected to reach US$ 93.10 billion by 2031 from US$ 23.45 billion in 2023. The market is expected to register a CAGR of 18.8% in 2023—2031. The growing need to simplify network management rising implementation of SDN for 5G are likely to remain key software-defined networking market trends.
Software Defined Networking Market Analysis
The software-defined networking market is growing at a rapid pace and fueling the growth of the market as IT organizations are shifting rapidly toward cloud technology. The IT businesses and entities have the benefits associated with application-level roles and events for functional efficiency and resiliency. This consists of network services automation, cloud integration, and hybrid automation services. Currently, several enterprises are generative network service applications for software for SDN in order to add a value of virtualization to a new standard by enabling those services to impact the infrastructure vigorously on behalf of the applications and their usability.
Software Defined Networking Market Overview
Using software-based controllers or application programming interfaces (APIs) to connect with underlying hardware infrastructure and manage traffic on a network, software-defined networking, or SDN, is a networking technique. This approach is distinct from traditional networks, which manage network traffic with specialized hardware components like switches and routers. SDN can use software to build and manage a virtual network or manage conventional hardware.
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Software Defined Networking Market: Strategic Insights
Market Size Value in US$ 1.5 Billion in 2015 Market Size Value by US$ 23.94 Billion by 2025 Growth rate CAGR of 31.2% from 2015-2025 Forecast Period 2015-2025 Base Year 2015
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Software Defined Networking Market: Strategic Insights
| Market Size Value in | US$ 1.5 Billion in 2015 |
| Market Size Value by | US$ 23.94 Billion by 2025 |
| Growth rate | CAGR of 31.2% from 2015-2025 |
| Forecast Period | 2015-2025 |
| Base Year | 2015 |
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Software Defined Networking Market Drivers and Opportunities
Growing Need to Simplify Network Management to Favor Market
One of the main factors propelling the software-defined networking (SDN) industry is the increasing need from enterprises to streamline network administration. Conventional networks frequently have intricate setups and manual administration procedures, which raises expenses and results in inefficiencies. SDN offers a consistent interface for controlling a variety of network devices, centralizes network control, and allows automation in order to overcome these difficulties. This centralized method facilitates a vendor-neutral approach, expedites network provisioning, simplifies policy management, and improves network performance visibility. SDN is a strong option for updating network infrastructures and adjusting to shifting business demands since it makes operations simpler, which saves businesses money, time, and resources.
Rising integration of SDN in 5G.
SDN is an intelligent network architecture that complies with 5G ecosystem standards. 5G can operate over a control plane with the help of SDN, which can offer an entire framework. Better data flows when data travels across the 5G network are only one of the many advantages this technology provides. SDN architecture reduces latency and maximizes network bandwidth. By identifying the best data flows in real-time, SDN technology can automate and manage network redundancy from a centralized control plane, avoiding significant outages.
Software Defined Networking Market Report Segmentation Analysis
Key segments that contributed to the derivation of the software defined networking market analysis are solutions, end-user, deployment, and industry vertical.
- Based on solutions, the software-defined networking market is divided into physical network infrastructure, virtualization/control software, SDN applications, and professional services.
- By end-user, the market is segmented into enterprises, telecommunication services providers, and cloud service providers.
- Based on industry vertical, the software defined networking market is divided into banking & financial services and insurance, telecommunication & IT, consumer goods and retail, government & defense, manufacturing, research & academia, and others.
Software Defined Networking Market Share Analysis by Geography
The geographic scope of the software defined networking market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the software defined networking market. High technology adoption trends in various industries in the North American region have fuelled the growth of the software defined networking market. Factors including increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American software defined networking market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of software defined networking market players who have been increasingly focusing on developing innovative solutions. Some of the key players in the software defined networking market are IBM, Cisco, and Microsoft, among others. All these factors contribute to the region's growth of the software defined networking market.
Software Defined Networking Market Report Scope
Software Defined Networking Market News and Recent Developments
The software defined networking market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In November 2023, - VMware, Inc. announced new solutions and expanded partnerships to help customers accelerate their digital transformation at the edge. Building upon the recently introduced VMware Software-Defined Edge, these innovations and new integrations will help customers simplify, better secure, and modernize their edge environments.
(Source: VMware, Inc., Press Release, 2023)
- In February 2023, ETSI Open Source Group TeraFlowSDN announced the 2nd release of the TeraFlowSDN controller, an innovative and robust SDN orchestrator and controller. TeraFlowSDN Released 2 provides extended and validated support for end-to-end transport network slicing over multiple network domains. This release completes SDN orchestration for L2/L3VPN provisioning, microwave networks, Point-to-Multipoint integration of XR optical transceivers, and interaction with optical SDN controllers through the Open Networking Foundation (ONF) Transport API (TAPI).
(Source: ETSI, Press Release, 2022)
Software Defined Networking Market Report Coverage and Deliverables
The "Software Defined Networking Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solutions , End-user and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global software defined networking market is expected to reach US$ 93.10 billion by 2031.
The key players holding majority shares in the global software defined networking market are Cisco Systems, Inc., IBM, Hewlett Packard Enterprise Development LP, Broadcom, Juniper Networks, Inc., Huawei Technologies Co., Ltd., NEC Corporation of America, Dell Inc., Telefonaktiebolaget LM EricssonCiena Corporation.
The growing adoption of IoT and the rising implementation of software defined networking in 5G are the factors that are anticipated to play a significant role in the global software defined networking market in the coming years.
Growing need to simplify network management organizations and rising demand for cloud services are the major factors that propel the global software defined networking market growth.
The global software defined networking market was estimated to be US$ 23.45 billion in 2023 and is expected to grow at a CAGR of 18.8 % during the forecast period 2024 - 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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