Software Defined Networking Market Size, Share, Trends and Forecast 2030, by Types (SD-WAN, SD-LAN, SD-Data Center) by Applications (BFSI, IT and Telecom, Healthcare, Government and Defense, Retail, Manufacturing)

Report ID :
3001

Publisher ID :
theinsightbridge

Published :
2023-06-10

Pages :
157

Purchase Option
$4500

Software Defined Networking Market Introduction

Software-defined networking (SDN) is an emerging technology that enables network administrators to manage network services and traffic flows by decoupling the control plane from the forwarding plane. SDN allows network administrators to configure, manage, and optimize network resources more efficiently, dynamically, and securely.SDN is achieved through the use of open protocols and standards-based software, allowing network administrators to control network resources centrally and programmatically, rather than relying on individual network devices to make decisions.The software-defined networking market refers to the market for products and services related to the implementation of SDN technology in enterprise networks, data centers, and service provider networks. The market includes a wide range of hardware, software, and services, including SDN controllers, switches, routers, security solutions, and network management and orchestration software.

Software Defined Networking Market Size

The global software-defined networking market size was valued at $11.9 billion in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of 25.5% from 2021 to 2028, reaching a market size of $103.8 billion by 2028.The increasing demand for cloud computing and data center consolidation, along with the need for flexible and agile network infrastructure, is driving the growth of the software-defined networking market. In addition, the growing adoption of Internet of Things (IoT) devices and the need for network virtualization and automation are expected to further drive the market growth.North America dominated the software-defined networking market in 2020, accounting for a significant share of the overall revenue. The region is home to several major players in the SDN market, and the adoption of new technologies is relatively high in the region. Asia Pacific is expected to witness the highest growth during the forecast period, owing to the increasing adoption of cloud computing and data center virtualization in the region.In terms of deployment mode, the cloud deployment segment is expected to witness the highest growth during the forecast period, owing to the increasing adoption of cloud computing and the need for scalable and flexible network infrastructure. However, the on-premise deployment segment is expected to remain dominant in terms of revenue share, owing to the high demand for secure and private network infrastructure in certain industries such as finance and healthcare.Overall, the software-defined networking market is expected to witness significant growth in the coming years, driven by the increasing demand for flexible and agile network infrastructure, cloud computing, and data center virtualization.

Software Defined Networking Market Share

The software-defined networking (SDN) market is highly fragmented and competitive, with several key players operating in the market. According to a report by MarketsandMarkets, Cisco Systems, VMware, and Huawei Technologies were the top three players in the SDN market in terms of market share in 2020.Cisco Systems held the largest share of the SDN market in 2020, with a market share of around 40%. The company offers a range of SDN solutions, including its Application Centric Infrastructure (ACI) and Software-Defined Access (SD-Access) solutions, which are designed to help enterprises automate network provisioning, management, and security.VMware held the second-largest share of the SDN market in 2020, with a market share of around 15%. The company offers its NSX platform, which provides network virtualization and security capabilities for data center and cloud environments.Huawei Technologies held the third-largest share of the SDN market in 2020, with a market share of around 10%. The company offers its Agile Controller solution, which provides network automation, orchestration, and management capabilities for enterprise and service provider networks.Other key players in the SDN market include Juniper Networks, Hewlett Packard Enterprise, Nokia, Extreme Networks, and Big Switch Networks.Overall, the SDN market is expected to remain highly competitive and fragmented in the coming years, as more players enter the market and existing players continue to innovate and improve their offerings.

Software Defined Networking Market Trends

Software Defined Networking (SDN) is an innovative approach to network architecture that allows network administrators to manage network services through software abstraction, rather than relying on hardware. The SDN market is growing rapidly, with many organizations embracing this new technology for its flexibility, scalability, and cost-effectiveness. Here are some of the current trends in the SDN market:

  1. Adoption of Cloud-based SDN: Cloud-based SDN is gaining popularity due to its ability to provide scalability and flexibility. This trend is expected to continue as more organizations move their workloads to the cloud.
  2. Increasing Demand for Network Security: With the increase in cyber threats and attacks, network security has become a top priority for organizations. SDN is being increasingly adopted for its ability to provide enhanced security and threat detection capabilities.
  3. Emergence of 5G Networks: With the advent of 5G networks, the demand for SDN is expected to rise as it provides the flexibility and agility required for managing the high-speed, low-latency networks.
  4. Growth of Internet of Things (IoT): The growth of IoT devices is expected to fuel the demand for SDN as it provides the ability to manage and control the large number of devices that are connected to the network.
  5. Increase in Network Automation: SDN allows for the automation of network management tasks, which can help reduce operational costs and improve network efficiency. This trend is expected to continue as more organizations look for ways to streamline their network management processes.

Overall, the SDN market is expected to continue to grow in the coming years as organizations seek to improve their network flexibility, scalability, and security.

Software Defined Networking Market Driving Factors

Software Defined Networking (SDN) is a technology that allows network administrators to manage network services more efficiently and cost-effectively. The SDN market has been growing rapidly in recent years due to a number of driving factors:

  1. Increasing demand for cloud computing: As more businesses move their data and applications to the cloud, there is a growing need for flexible and scalable network infrastructure. SDN allows cloud providers to manage their networks more efficiently, reducing costs and increasing scalability.
  2. Need for network virtualization: As businesses increasingly adopt virtualization technologies, they need a way to manage virtual networks. SDN allows network administrators to create, modify, and manage virtual networks easily and quickly.
  3. Growing adoption of mobile devices: As the use of mobile devices such as smartphones and tablets continues to grow, there is a need for more efficient and flexible network infrastructure to support these devices. SDN allows network administrators to manage mobile device traffic more efficiently and securely.
  4. Growing demand for network automation: As networks become more complex, there is a need for greater automation to manage them. SDN provides a way to automate many network management tasks, reducing the need for manual intervention and increasing network efficiency.
  5. Increasing need for network security: As cyber threats become more sophisticated, there is a growing need for better network security. SDN provides a way to implement security policies across the network more easily and effectively, improving overall network security.
  6. Growing demand for data center consolidation: With the growing number of applications and data centers, there is a need for consolidation of the network infrastructure. SDN allows data center administrators to manage their networks more efficiently, reducing costs and increasing scalability.

Overall, these factors are driving the growth of the SDN market as businesses seek more efficient and cost-effective ways to manage their network infrastructure.

Software Defined Networking Market Regional Analysis

The software-defined networking (SDN) market is geographically diversified, with North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa being the major regions.North America dominated the software-defined networking market in 2020, accounting for the largest market share. The region is home to several major players in the SDN market, including Cisco Systems, VMware, and Juniper Networks, among others. The high adoption rate of cloud computing and data center consolidation, along with the growing need for network virtualization and automation, are driving the growth of the SDN market in North America.Asia Pacific is expected to witness the highest growth in the SDN market during the forecast period, owing to the increasing adoption of cloud computing and data center virtualization in the region. The region is witnessing rapid industrialization, and several emerging economies in the region are investing heavily in upgrading their IT infrastructure to support their growing economies. Moreover, the adoption of emerging technologies, such as 5G, IoT, and artificial intelligence, is expected to further drive the demand for SDN solutions in the region.Europe is also expected to witness significant growth in the SDN market during the forecast period, owing to the increasing adoption of cloud-based services and the need for flexible and agile network infrastructure. The region is home to several large enterprises, which are increasingly adopting SDN solutions to optimize their network infrastructure and reduce costs.Latin America and the Middle East and Africa are also expected to witness moderate growth in the SDN market during the forecast period, owing to the growing adoption of cloud computing and the need for network virtualization and automation in these regions.Overall, the software-defined networking market is expected to witness significant growth across all regions, driven by the increasing adoption of cloud computing, data center virtualization, and emerging technologies such as 5G and IoT.

Software Defined Networking Market Forecasts 2030

The Software Defined Networking (SDN) market is expected to continue to grow significantly in the coming years. The global SDN market size is expected to reach USD 54.41 billion by 2030, with a compound annual growth rate (CAGR) of 32.7% from 2021 to 2030.The increasing demand for cloud computing and network virtualization is expected to be the primary driver of this growth. The growing adoption of mobile devices and the need for network automation and security are also expected to contribute significantly to the growth of the SDN market.North America is expected to be the largest market for SDN, followed by Europe and the Asia Pacific region. The increasing adoption of cloud computing and the growing number of data centers in these regions are expected to be the primary drivers of this growth.In terms of end-users, the telecom and IT industry is expected to be the largest market for SDN, followed by the government and defense, and banking, financial services, and insurance (BFSI) industries. The increasing demand for efficient and cost-effective network infrastructure is expected to be the primary driver of this growth.Overall, the SDN market is expected to continue to grow significantly in the coming years, driven by the increasing demand for cloud computing, network virtualization, and network automation and security.

Software Defined Networking Market Key Industry Players

The Software Defined Networking (SDN) market has several key industry players that are leading the way in terms of innovation and market share. Some of the major players in the SDN market include:

  1. Cisco Systems: Cisco is one of the largest networking companies in the world and a major player in the SDN market. The company offers a range of SDN solutions, including its Application Centric Infrastructure (ACI) and Cisco Software-Defined Access (SD-Access) solutions.
  2. VMware: VMware is a leading provider of virtualization and cloud computing software, and also offers SDN solutions such as its NSX platform, which provides network virtualization and security capabilities.
  3. Huawei: Huawei is a Chinese multinational technology company and a major player in the global networking market. The company offers a range of SDN solutions, including its Software-Defined Networking Solution (SDNS), which provides network virtualization and automation capabilities.
  4. Juniper Networks: Juniper Networks is a leading provider of networking solutions and offers an SDN solution called Contrail, which provides network virtualization and automation capabilities.
  5. Hewlett Packard Enterprise (HPE): HPE is a leading provider of IT solutions and offers an SDN solution called HPE Software Defined Networking (SDN), which provides network virtualization and automation capabilities.
  6. NEC Corporation: NEC Corporation is a Japanese multinational information technology company and a major player in the global networking market. The company offers an SDN solution called ProgrammableFlow, which provides network virtualization and automation capabilities.

These companies are just a few of the major players in the SDN market. Other notable players include Dell Technologies, Big Switch Networks, Extreme Networks, and Arista Networks, among others.

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