Software Defined Networking (SDN) Market – To Witness Exponential Growth Trends And Forecasts, 2014 To 2020

By   | September 22, 2015 |   Price: 4950  |   Category: Next Generation Technologies

Software defined networking (SDN) is an innovative approach to network architecture. SDN makes networks more programmable, automated and intelligent. It achieves the same by bringing about changes in the networking device level. In SDN, networking devices are configured by a central, software-based controller, thus eliminating the need for manual adjustments in individual devices.

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Hence, SDN is an agile technology capable of simplifying network designs, operations and management. A recent study revealed that the global software defined networking (SDN) market was valued at more than USD 325 million in 2013. SDN’s advantages include better scalability and network flexibility. These enable enterprises to streamline their operations.

Advancements in network technology and rising BYOD – Bring Your Own Device developments are factors fuelling the growth of the worldwide market. Rising demand for cloud services is another favorable market phenomenon. SDN facilitates the smooth handling of several mobile and tablet connections.

This makes it attractive for Mobile Network Operators (MNOs) witnessing a burgeoning subscriber base. The software defined networking (SDN) market is predicted to grow rapidly in the years ahead. It is likely to register a CAGR of 44% from 2014 to 2020. However, the market faces hindrances in the non-consistent utilization of SDN and low buyer awareness.

Both these factors are expected to slow down the progress of the market. Enterprise contributed more than 39% to the market revenue in 2013. It is foreseen to be the largest consumer segment in the coming years. Telecommunication service providers, with a CAGR of 45%, will be the fastest growing segment by 2020.

SDN reduces initial capital investments as well as the operating expenses of telecommunication service providers. The key solutions offered by SDN are SDN controllers, SDN switching and cloud virtualization. Cloud virtualization accounted for more than 29% of the total revenue in the software defined networking (SDN) market in 2013.

It is also opined that cloud virtualization will not only become the largest, but also the fastest-growing segment by 2020. North America dominated the worldwide market in 2013. Its share in the total revenue amounted to more than half. This was mainly due to the growing adoption of mobility and cloud technology in the region.

However, the Asian Pacific software defined networking (SDN) market would experience the fastest growth in the years ahead. This region would be driven by rising demand for efficient network technologies. Juniper Networks, Hewlett-Packard, Cisco Systems, IBM Corporation, VMware and Alcatel-Lucent are some of the leading players in the global market.

Software Defined Networking (SDN) Market

Information Source: Grand View Research