Global SDN Market is expected to rise from its initial estimated value of USD 8.92 billion in 2018 to an estimated value of USD 67.98 billion by 2026, registering a CAGR of 28.90% in the forecast period of 2019-2026. SDN stands for system defined networking which is designed to make the network limber and flexible. It helps the business to meet their requirement so that they can improve their network control. These days they are widely used in different sectors like healthcare, education, banking, government etc. Increasing prevalence for network automation and virtualization among consumer is fuelling the growth of this market.
Segmentation: Global SDN Market
- By Type (Open SDN, SDN via API, SDN via Overlay)
- By Component (Solutions, Services)
- By End- Users (Data Centers, Service Providers, Enterprises)
- By Solution Offering (SDN Applications & Network Services, Professional Services, Virtualization and Control Software, Physical Network Infrastructure)
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Major Market Competitors/Players
Few of the major competitors currently working in the SDN market are Cisco Systems,Inc., VMware, Inc., Huawei Technologies Co., Ltd., Ciena Corporation, Hewlett Packard Enterprise Development LP, Juniper Networks, Inc., NEC Technologies India Private Limited, Extreme Network, Big Switch Networks, Inc., Pluribus Networks, Nokia, Oracle, Cumulus Networks, Arista Networks, Inc., Pica8 Inc., Broadcom.
Competitive Analysis: Global SDN Market
Global SDN market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of SDN market for global, Europe, North America, Asia-Pacific and South America.
Market Drivers:
- Increasing demand for private cloud among consumer is driving the growth of this market
- Rising demand for network automation and virtualization is another factor driving market
Market Restraints:
- Rising security concerns among consumer is restraining the market growth
- Increasing cases of SDN failure is another factor restraining the growth of this market
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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