According to a new report, published by KBV research, The Global SDN Orchestration Market size is expected to reach $32.5 billion by 2028, rising at a market growth of 58.8% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 60.1% during (2022 - 2028). The rising adoption of SDN orchestration by cloud service providers, telecom service providers, and businesses is one of the factors boosting the growth of this segment. The process of orchestrating and managing the services provided by various providers in an organization is rapidly gaining the traction of various business owners.
The IT & Telecom segment acquired maximum revenue share in the Global SDN Orchestration Market by Vertical in 2021 thereby, achieving a market value of $11.6 billion by 2028. The growth of the segment is rising due to the rapid expansion of the telecom industry. Moreover, the significant adoption of SDN orchestration solutions in the operation of the telecommunications sector to improve internet connection has led to the market dominance of the IT & Telecom segment.
The SMEs segment has shown the growth rate of 61.7% during (2022 - 2028). The rapidly surging growth of the segment is ascribed to the fact that these enterprises usually cannot hire a very big number of human resources to operate SDN. Therefore, the adoption of SDN orchestration is increasing in small and medium enterprises. Moreover, small and medium-sized businesses are also increasingly adopting SDN orchestration solutions, which enable them to reduce the costs associated with their network administration, which has resulted in the expansion of this market segment.
The Cloud Service Providers segment is leading the Global SDN Orchestration Market by End Use in 2021 thereby, achieving a market value of $19.3 billion by 2028. The growth of this segment is increasing as a result of factors, like rising SaaS application demand, which necessitates extensive automation at all network layers. By enabling businesses to more efficiently manage complex IT infrastructures, automation solutions assist businesses in lowering operational expenses.
The North America market dominated the Global SDN Orchestration Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.5 billion by 2028. The Europe market is exhibiting a CAGR of 58.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 59.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/sdn-orchestration-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., Hewlett-Packard enterprise company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Ciena Corporation, Juniper Networks, Inc., NEC Corporation, Qualitest Group, Anuta Networks International LLC, and Zymr, Inc.
By Component
By Vertical
By Organization size
By End Use
By Geography
Companies Profiled
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