Software-Defined Networking (SDN) Market: By Application (SD-WAN, SD-LAN, Security Applications and Others) ,By Organization Size (SMEs and Large Enterprise), By Component (Hardware Component, Services and Software), , By Solution (Physical Network Infrastructure Solution, Network Virtualization and Automation Solution) and By End-User (Retail, IT & Telecommunication, Healthcare, BFSI, Industrial, Government and others) - Global Forecast 2027

ID: VPR/ICT/1040 Publishing Year: October 2021 Pages: 180 Format:   


Software-Defined Networking (SDN) Market Overview:

The Software-Defined Networking (SDN) Market is projected to grow from USD 9 billion in 2020 to reach USD 55.9 billion by 2027; it is expected to grow at a CAGR of 29.81% from 2020 to 2027.

Due to increased adoption of Software Defined Networking Solutions by enterprises and communication service providers to significantly accelerate the time for delivering new applications and services, the solutions segment dominated Global Software Defined Networking Market Share in 2019 and is expected to maintain this trend during the forecast period. Enterprises can employ Software Defined Networking Solutions to get powerful network, compute, and storage devices and features that are ready to use right away. The services market, on the other hand, is predicted to expand the most, owing to an increase in demand among businesses to design a network strategy, which in turn stimulates the adoption of Software Defined Networking Services.

Due to the need to accommodate Big Data, the large enterprises segment exhibited the highest growth in 2019 and is expected to maintain its dominance in the coming years. Businesses in the large enterprises segment are constantly setting up new virtual machines and applications to handle processing requests. The adoption of software defined networking is also assisting large enterprise IT teams in changing network configurations without affecting the network. Due to the need for a customised approach provided by Software-Defined Networks, a surge in the need to make business more streamlined, and a rise in the need to improve efficiency by shortening the time taken to troubleshoot a solution, the small- and medium-sized enterprises segment is expected to grow the most during the Software Defined Networking Market forecast period.

Key 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

Covid-19 Impact:

Software-Defined Networking (SDN) is a type of network administration that, rather than traditional network management, allows for network configuration to improve network monitoring and performance, such as cloud computing. The spread of COVID-19 has had a positive impact on the Software-Defined Networking Sector. The key driver of company growth is the exponential integration of big data. The virus's global expansion has brought together researchers, clinicians, and data scientists to come up with remedies. Throughout the ongoing crises, researchers use technologies such as big data, machine learning, and other modern technologies. It is difficult to check each patient's records and give a remedy to minimise the transmission of coronavirus due to the growth in COVID-19 cases around the world. Big data is crucial in this case. Big data aids in the evaluation of datasets and the identification of trends that can aid in the detection of COVID-19. The importance of big data has grown as institutions such as the CDC, Microsoft, and the World Health Organization (WHO) create dashboards based on the technology. These dashboards pull data from a variety of nations and show where reported cases and deaths occurred. Additionally, these dashboards are used to prepare datasets for big data models. These models will predict possible hotspots and inform health officials ahead of time. During the pandemic, big data technologies had a favourable impact on the Software-Defined Networking Sector.

Drivers:

In the last decade, the size and complexity of network infrastructures has grown exponentially, necessitating the development of solutions to simplify and efficiently manage the entire network. SDN solutions immediately address these issues by giving the operator more freedom in terms of traffic control, allowing the network to run more efficiently. As a result, the majority of Communication Service Providers (CSPs) throughout the world are investing in SDN technology to manage and control end-to-end networks and services.

Network administration may be simplified and automated, resulting in better service providing. CSPs are preparing their networks to reap the full benefits of a virtualized network architecture, which include increased agility, flexibility, visibility, and cost-efficiency, among other things. To stay competitive in the data-driven digital economy, which is increasingly dominated by Over-the-Top (OTT) competitors, CSPs are required to invest in SDN technology in order to reduce total CAPEX and OPEX expense.

Restraint:

SDN technology focuses on virtualizing every part of network architecture, resulting in a larger attack footprint. SDN allows for the control of multiple network devices from a single centralised control point. If hacked, this gives the operator the power to control the entire network from a centralised controller. It may also give the hacker the power to manipulate the entire network through a single controller, eliminating the need to hack individual network devices. A hacker can use a centralised controller to change the network's behaviour on a node-by-node basis with the help of a centralised controller.

Despite the fact that SDN Software and Service Vendors say that by using suitable protocols, SDN may improve network security, numerous SDN users are still concerned about network security. This is due to the possibility of network reconfiguration while implementing the solution as an application installed on the controller. Attackers can deceive network engineers into installing compromised software, which can cause the network to do unexpected things.

Opportunity:

The number of Internet of Things devices has exploded in recent years. There are billions of IoT devices on the market now. The growing adoption of IoT technology necessitates the creation of a network to connect these devices. In order to provide enough connectivity and ensure the delivery of application-based services, the network infrastructure must be able to satisfy all of these devices' requirements. As a result, infrastructure pooling among service providers has increased in order to cut high infrastructure deployment costs. Enterprises are adopting new designs, such as SDN, for network sharing, processing massive data from IoT devices, and reducing administrative duties. Multiple service providers use common network infrastructures for this, which necessitate network resource isolation and strong confidentiality, both of which can be given by SDN solutions.

Challenge:

For all players in the Software-Defined Networking Business, efficiently changing existing technologies and traditional infrastructure is a huge undertaking. This would be a severe setback for existing traditional technology manufacturers, despite the fact that several of them have begun collaborating with various SDN solution providers. During its early phases, every technology is subjected to a hype cycle. While some technologies emerge more quickly than others, some remain in the pit for a longer period of time. Gaining enterprise momentum may be difficult at first due to technology barriers such as backward compatibility with existing infrastructure. Even if there is a strong technological reason to adopt SDN technologies, the networking community's resistance may be complex and difficult to overcome. It is necessary to succeed in this virtual world.

Market Segmentation:

Component, organisation size, end user, industry vertical, and region are all segments of the Software Defined Networking Market. The market is divided into solutions and services based on component. Physical network infrastructure, virtualization & control software, and SDN applications make up the solution section. Professional and managed services are sub-segments of the services segment. The market is divided into two categories based on the size of the organisation: major firms and small and medium-sized enterprises. It is divided into telecommunication service providers, cloud service providers, and enterprises, depending on the end user. IT, consumer goods and retail, BFSI, defence, telecom, healthcare, and others are the different industry verticals (media & entertainment, energy & power, and manufacturing). North America, Europe, Asia-Pacific, and LAMEA are the regions studied.

Regional Analysis:

North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America are the regions that make up the Worldwide Software-Defined Networking Industry.

The Global Market is expected to be led by North America. The industry is supported by enhanced connectivity infrastructure and a high level of proliferation of various mobility solutions. To boost infrastructure capacities, telecom businesses in the region are investing in modern networking technology. The Software-Defined Networking Industry has grown as a result of the increasing level of internet penetration and widespread adoption of 4G technology.



Frequently Asked Questions
Software-Defined Networking (SDN) Market is predicted to grow at 29.81% through forecast period of 2020-2027
By 2027, worth USD 55.9 billion is estimated for the Global Software-Defined Networking (SDN) Market.
Network administration may be simplified and automated, resulting in better service providing.
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

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