U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Software Defined Networking Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
Software-defined networking is a networking approach that enables network to be centrally and intelligently controlled or programmed with the help of software-based controllers or application programming interfaces (APIs) to make a network easier and flexible to manage. It optimizes the network resources and quickly adapts networks to changing applications, business needs, and data traffic.In addition, it delivers a wide range of business benefits such as enhanced ability to respond quickly to the issues and outages for improved network availability, increased flexibility & acceleration of time-to-market for new applications, and programmability for making networking simple for organizations to automate their network functions and reduce operating costs. Increase in adoption of cloud computing, surge in investments in software-defined networking/network function virtualization to reduce capital expenditures (CAPEX) and operating expenses (OPEX), and increase in need for mobility services are the major factors that drive the growth of the global software-defined networking market.
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Cloud computing and virtualization are enabling organizations to upgrade their networks with technologies such as software-defined networking to become flexible to respond varying IT and business requirements. To keep pace in the competitive environment, various companies are deploying software-defined networking technology to revolutionize their network operations and design. In addition, the outbreak of the COVID-19 pandemic has led to increase in bandwidth usage, which is increasing the adoption and upgrades of software-defined networking technologies. However, legacy network equipment issues and security risks due to centralized nature of data plane may hinder the market growth.
On the contrary, rise in the implementation of IoT applications and intelligent edge and coordination of these advanced technology/applications with software-defined networking are anticipated to provide remunerative opportunities for the growth of the global market. In addition, rise in demand for software-defined networking due to the emergence of 5G network is expected to be opportunistic for software-defined networking the expansion of the market during the forecast period.
The global software-defined networking market is segmented into component, organization size, end user, industry vertical, and region. On the basis of component, the market is categorized into solutions and services. The solution segment is further segregated into physical network infrastructure, virtualization & control software, and SDN applications. The services segment is subsegmented into professional services and managed services. By organization size, the market is classified into large enterprises and small- & medium-sized enterprises. Depending on end user, it is fragmented into telecommunication service providers, cloud service providers, and enterprises. According to industry vertical, it is differentiated into IT, consumer goods & retail, BFSI, defense, telecom, healthcare, and others (media & entertainment, energy & power, and manufacturing). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the software-defined networking market along with current trends and future estimations to elucidate imminent investment pockets.
– Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of software-defined networking market for the period 2020-2027 is provided to determine the market potential.
KEY MARKET PLAYERS
– Arista Networks Inc.
– Broadcom Inc.
– Cisco Systems, Inc.
– Citrix Systems, Inc.
– Dell Technologies, Inc.
– Extreme Networks, Inc.
– Hewlett Packard Enterprise Development LP
– International Business Machines Corporation
– Juniper Networks, Inc.
– NEC Corporation
KEY MARKET SEGMENTS
BY COMPONENT
– Solutions
o Physical Network Infrastructure
o Virtualization & Control Software
o Software-defined Networking Applications
– Services
o Professional Services
o Managed Services
BY ORGANIZATION SIZE
– Large Enterprises
– Small- & Medium-sized Enterprises
BY END USER
– Telecommunication Service Providers
– Cloud Service Providers
– Enterprises
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BY INDUSTRY VERTICAL
– IT
– Consumer Goods & Retail
– BFSI
– Defense
– Telecom
– Healthcare
– Others
BY REGION
– North America
o U.S.
o Canada
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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