The latest report published by Report Ocean, titled “Enterprise Software Defined Networking (SDN) Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
Brief:
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Software Defined Networking (SDN) is a new approach that removes the static and complex nature of legacy distributed network architecture through abstraction of higher level functionality. The main aim of SDN is to allow administrators and network engineers to respond quickly to the changing business requirements. SDN offers a console interface’ where professionals can manage’ provision’ and break down networks without having to set up physical devices (e.g. switches).
The large enterprises serving a huge number of users at any point of time’ has a need for complex networks and infrastructure support. Hence’ the adoption of SDN in such enterprises is expected to improve the IT infrastructure. Rising network complexity and operational challenges have led the enterprises to deploy SDN’ which are expected to improve network agility’ automation’ and reduce the cost of network operations.
Market Analysis
According to Report Ocean Research’ the “Enterprise SDN” market will witness a CAGR of 37.4% during the forecast period 2016-2022. The market is segmented by product types’ enterprise type’ verticals’ and regions. The increasing implementation rate of cloud technology’ evolving convergence systems’ rising adoption of IoT technology’ and mobile applications are driving the market growth. Product type segment covers software’ hardware’ and services & applications.The services & application segment is expected to hold more than 50% of the market share by 2022.
Verticals Analysis
The verticals covered in the report are Manufacturing’ BFSI’ Retail’ Education’ Healthcare’ and other verticals. Globally’ the manufacturing industry is set to be the leading vertical for SDN market growth followed by retail. The manufacturing industry revenue is expected to reach $5.4 billion by 2022. Globally’ the rising adoption rate of digital technologies’ online business services’ connected devices’ and cloud technology in the various industry sectors are expected to support the market growth in the upcoming years.
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Regional Analysis
The report reveals the adoption and demand rate of SDN in various regions like the Americas’ Europe’ Asia Pacific’ and Middle East & Africa. The Americas is the leading market for SDN key stakeholders and growing advanced technology landscape’ investment from the enterprises’ & changing customer demands have made the region to be dominant in the enterprise SDN market. The Americas market revenue is expected to reach $12.2 billion by 2022. Europe is the second leading region followed by Asia Pacific and MEA.
Key Players & Competitive Analysis:
The key players included in the report are VMware Inc.’ Cisco Systems Inc.’ HP’ Alcatel-Lucent’ Ericsson’ Big Switch Networks’ Brocade Communication Systems’ Pluribus Networks’ and others. At present’ the SDN value chain players are focusing on upgrading their products/services with new features to meet the customer demands. The increasing demand from the larger enterprises and SMEs has brought the new business opportunities for key stakeholders.
Benefits:
The report provides an in-depth analysis of the demand and the adoption rate of SDN hardware’ software’ and services & applications in various industries at the global level.
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The study covers and analyzes the “Enterprise SDN” market. Bringing out the complete key insights of the industry’ the report aims to provide an opportunity for key players to understand the latest trends’ current market scenario’ government initiatives’ and technologies related to the market. In addition’ helps the venture capitalist in understanding the companies better and take informed decisions.
Region/Country Cover in the Report
Regions-Americas’ Europe’ Asia-Pacific and Middle East & Africa
Key Players Covered in the Report
VMware’ Inc.’ Cisco Systems’ Inc.’ Hewlett Packard Enterprise Development LP’ Huawei Technologies Co.’ Ltd.’ Alcatel-Lucent SA’ Ericsson’ Big Switch Networks’ Inc.’ Plexxi Inc.’ Pica8 Inc.’ & Pluribus Networks.
Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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