The scalable software defined networking market size was valued at USD 12.61 billion in 2020 and is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to increasing number of mobile devices & server visualization and advancement in cloud computing technologies.
The software defined networking (SDN) is a network infrastructure approach. This assists end-users to manage the whole network consistently. SDN permits network programming behavior in a centrally controlled manner through APIs. By allowing conventionally closed network platforms and applying a common SDN control layer.
Corporations are adopting solutions offered by scalable software defined networking to manage operation in enterprises during Covid-19 pandemic to perform remotely daily operations. Many enterprises across the globe adopted work from home model, due to this fact the demand for scalable software defined networking market is projected to rise during the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
• Increasing demand for cloud services is projected to boost the market in the coming years.
• Rapid development in networking infrastructure is the major factor fueling the market in coming years.
• Standardization of network is anticipated to restrict the market growth.
• Lack of awareness is projected to hamper the market growth.
• R&D investment and technological advancement in scalable software defined networking is projected to create lucrative opportunities for the market players.
Market Segment Insights
The radio access networks segment accounts for key share of the market
Based on use cases, the scalable software defined networking market is divided into EPC, radio access networks, IMS virtualization, mobile core, and OSS BSS. The radio access network segment accounts for a key share of the market. Growth of the market is attributed to increasing adoption of BYOD and rapid technological advancement in scalable software. However, the IMS virtualization segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing demand for software defined network for mobility and increasing networking demand.
The SDN switching segment accounts for a significant share of the market
Based on solutions, the market is categorized into cloud provision, SDN switching, and SDN controllers. The SDN switching segment accounts for a key share of the market. Growth of the market is attributed to increasing number of IOT devices and high industrialization. However, the cloud provision segment is anticipated to expand at a rapid pace during the forecast period due to factors such as high investment costs related to infrastructure deployment and rising demand for maintaining optimum operations.
The BFSI segment accounts for a major share of the market
Based on industry verticals, the scalable software defined networking market is segregated into manufacturing, BFSI, academia & research, and government & defense. The BFSI segment accounts for a major share of the market. Growth of the market is attributed to evolving business services & applications and rapid adoption of networking regulations & favorable standards. The academia & research segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing services running through networks and rising penetration of modern technologies.
North America is estimated to hold a major market share
On the basis of regions, the scalable software defined networking market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to increasing research & development procedures. The market of North America is expected to hold a major market share due to implementation & adoption of new solution on large scales.
Key players competing in the scalable software defined networking market include IBM Corp.; Arista Network; Plexxi Inc.; Pluribus Network; AT&T Inc.; Intel Corp.; Cisco Systems Inc.; Big Switch Network; HPE; NEC Corp.; and Huawei Technologies Co. Ltd.
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