According to a new report, published by KBV research, The Global Software Defined Networking Market size is expected to reach $72.0 billion by 2030, rising at a market growth of 17.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 17.8% during (2023 - 2030). In the SDN market, various services complement the deployment and maintenance of SDN solutions. Vendors, system integrators, and consulting firms offer these services to assist organizations in implementing, optimizing, and managing their SDN infrastructure. These services collectively provide organizations with the necessary expertise and support to adopt, implement, and manage SDN solutions successfully. As the software defined networking market evolves, service providers continue to refine and expand their offerings to address the changing needs of businesses in the dynamic field of SDN.
The Open SDN segment is leading the Global Software Defined Networking Market by Type in 2022; thereby, achieving a market value of $30.4 Billion by 2030. Open SDN promotes interoperability by adhering to standardized protocols and APIs. This enables devices and solutions from different vendors to seamlessly work together, fostering a more diverse and interoperable networking environment. Open SDN allows organizations to customize and tailor networking solutions to meet their requirements. Open-source SDN platforms provide the flexibility to modify code, add functionalities, and adapt the network to the organization's unique needs.
The SD-LAN segment is experiencing a CAGR of 17.5% during (2023 - 2030). SD-LAN automation functions optimize repetitive network operations, diminishing the need for human intervention and the likelihood of human fallibility. SD-LAN facilitates allocating and dynamic provisioning of network resources in response to real-time demands. This adaptability enables the network capacity to be utilized efficiently and to accommodate shifting business demands. SD-LAN allows centralized management of the entire local area network from a single interface. This centralized control simplifies network configuration, monitoring, and troubleshooting without requiring a complete overhaul.
The Enterprises segment is generating the maximum revenue in the Global Software Defined Networking Market by End-User in 2022; thereby, achieving a market value of $31.8 billion by 2030. Enterprises are leveraging SDN to adapt to the changing business requirements, enhance collaboration, and improve user experience to make their networks more agile, responsive, and reliable. Enterprises across various industries rely on robust and secure networks to connect their employees, customers, and business processes. SDN empowers enterprises with centralized network management, providing granular control over network policies, security configurations, and application performance.
The Education segment is exhibiting a CAGR of 18.4% during (2023 - 2030). SDN allows for network virtualization, enabling the creation of numerous virtual networks within a physical network infrastructure. This is particularly useful for segmenting traffic and creating isolated networks for different educational institutions' departments, classrooms, or administrative offices. Many educational institutions encourage or require students and staff to use their own devices for learning and administrative tasks. SDN facilitates the integration of various devices into the network, ensuring seamless connectivity and optimized performance for a diverse range of devices.
The North America region dominated the Global Software Defined Networking Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $26,428.1 million by 2030. The Europe region is anticipated to grow a CAGR of 16.8% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 18.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/software-defined-networking-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., Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.), VMware, Inc. (Broadcom Inc.), Dell Technologies, Inc. (Dell EMC), Juniper Networks, Inc., IBM Corporation, Ericsson AB, Ciena Corporation, Hewlett Packard enterprise Company and Nokia Corporation.
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