Software-Defined Networking (SDN) Market: Growth Trends, Key Innovations

1. Software-Defined Networking (SDN) Market: Growth Trends, Key Innovations, and Future Outlook to 2028 According to a research report "Software-Defined Networking Market by O?ering (SDN Infrastructure, Software, and Services), SDN Type (Open SDN, SDN via Overlay, SDN via API, Hybrid SDN), Application (SD-WAN, SD-LAN, Security), End User, Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the global Software-Defined Networking market size is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The primary driver of SDN adoption is its ability to automate and simplify network management. By centralizing control, SDN minimizes manual configurations, reducing human errors and operational complexities. This automation not only streamlines processes but also significantly cuts down operational costs. MARKET DYNAMICS DRIVERS Need to simplify network management Need to optimize CAPEX and reduce OPEX Rising demand for cloud services, data center consolidation, and server virtualization Increasing need for enterprise mobility to enhance productivity for field-based services RESTRAINTS Increasing security concerns Lack of skilled workforce OPPORTUNITIES Growing adoption of IoT Rising implementation of SDN for 5G Increasing demand for hybrid clouds Development of open-source SDN

2. According to Market Research Download PDF for game changing business opportunities Report Scope Forecast period - 2023-2028 Segments covered - By o?ering, SDN Type, application, end-user, vertical and region Regions covered - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa The Hybrid SDN segment is expected to grow at the highest CAGR during the forecast period. The major market driver for hybrid SDN is its ability to facilitate a smooth transition and compatibility with existing infrastructures. Hybrid SDN solutions allow businesses to integrate SDN capabilities into their legacy systems seamlessly. This compatibility ensures that businesses can leverage the benefits of SDN without disrupting their current operations, making it a preferred choice for industries where a gradual migration and coexistence of traditional and software-defined networking environments are essential. The cloud service providers segment is expected to grow at the highest CAGR during the forecast period. Cloud service providers require networks that can scale rapidly to accommodate varying workloads and user demands. SDN’s ability to automate scaling processes and e?iciently allocate resources aligns with the dynamic nature of cloud environments. Cloud service providers operate vast data centers that host a myriad of applications, services, and content for businesses and consumers worldwide. SDN plays a pivotal role in these environments by enabling automated network provisioning, e?icient tra?ic management, and seamless scalability. Asia Pacific is likely to emerge as the fastest-growing segment during the forecast period. Asia Pacific consists of major economies, such as China, India, Japan, Australia, and South Korea, which are gaining worldwide attention due to their rapid growth and advancements in all fields. The large population of Asia Pacific is a major traction to investors all over the world for attaining a large subscriber base. Datacenter deployments are complementary to the SDN technology, and with technological advancement, the SDN market is expected to grow exponentially. Market Players

3. The major vendors covered in the SDN market Cisco (US), Huawei (China), VMWare (US), Dell EMC (US), Juniper Networks (US), IBM (US), Ericsson (Sweden), Ciena (US), HPE (US), Nokia (Finland), Arista Networks (US), Extreme Networks (US), Comcast (US), Citrix (US), NEC (Japan), Oracle (US), Palo Alto Networks (US), NVIDIA (US), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lenovo (Hong Kong), Pica8 (US), Scale Computing (US), Canopus Networks (Australia), Zeetta Networks (UK), Trustgrid (US), and COSGrid Networks (India). About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine o?ering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com