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Software-Defined Networking Global Market to Reach $75.6 Billion by 2030: Rising BYOD Adoption to Drive Robust Growth in SDN Market

Research and Markets
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Global Market for Software-Defined Networking

Global Market for Software-Defined Networking
Global Market for Software-Defined Networking

Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Software-Defined Networking: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Software-Defined Networking estimated at US$18.5 Billion in the year 2022, is projected to reach a revised size of US$75.6 Billion by 2030, growing at a CAGR of 19.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 18.8% CAGR and reach US$30.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 19.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 25.9% CAGR

The Software-Defined Networking market in the U.S. is estimated at US$5.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16 Billion by the year 2030 trailing a CAGR of 25.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 18.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.3 Billion by the year 2030.

Select Competitors (Total 88 Featured) -

  • Arista Networks Inc.

  • Ciena Corporation

  • Cisco Systems Inc.

  • Citrix Systems Inc.

  • CloudGenix Inc.

  • DataCore Software

  • Dell Technologies Inc.

  • Extreme Networks Inc.

  • Fortinet Inc.

  • Fujitsu Limited

  • HiveIO Inc.

  • Hewlett Packard Enterprise Company

  • Huawei Technologies Co., Ltd.

  • Infovista

  • Juniper Networks Inc.

  • Lenovo Group Limited

  • NEC Corporation

  • Nokia Corporation

  • Nvidia Networking

  • Oracle Corporation

  • Pica8 Inc.

  • Pluribus Networks Inc.

  • VMware Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Metrics:

Report Attribute

Details

No. of Pages

829

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$18.5 Billion

Forecasted Market Value (USD) by 2030

$75.6 Billion

Compound Annual Growth Rate

19.2%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • An Introduction to Software-Defined Networking (SDN)

  • Global Software-Defined Networking Market: Outlook

  • Confluence of Favorable Trends Spur Adoption of Software Defined Networking

  • Industry Vertical: IT & Telecom Emerges as the Largest Market

  • World Software-Defined Networking Market by Industry Vertical (2020 & 2027): Percentage Breakdown of Revenues for IT & Telecom, BFSI, Defense, Healthcare, Consumer Goods, and Other Verticals

  • Regional Analysis

  • World Software-Defined Networking Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions

  • World Software-Defined Networking Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Canada, USA, Europe, Japan, and Africa

  • Competitive Landscape

  • Recent Market Activity

  • Software-Defined Networking - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Connected Enterprise, Workforce Mobility & BYOD Era Highlights the Significance of SDN

  • Growing Enterprise Spending on BYOD Programs to Benefit Use of SDN: Global Spending on BYOD (in US$ Billion) for the Years 2019, 2021, 2023 and 2025

  • Global Shipments of Smartphones (in Million Units) for the Years 2011 through 2019

  • Rising BYOD Adoption to Drive Robust Growth in SDN Market

  • Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises

  • SDN Presents Agile, Secure Networking Architecture to Integrate Emerging Technologies into Manufacturing & Supply Chain Operations

  • Opportunity Indicators

  • Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025

  • Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022

  • Proliferation of Cloud Computing Fosters Growth in SDN Market

  • Significance of SDN for Cloud Native Applications

  • Evolution of SDN from Cloud Computing to WAN

  • Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses

  • Rise of Cloud Data Centers: A High Growth Opportunity for SDN Market

  • Growing Spending on Public Cloud Services Coupled With Technology Improvements in the Quality of Cloud Hosted Services Drive the SDN Market: Global Public Cloud Computing Market (in US$ Billion) by Service Type for the Years 2019 and 2022

  • Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021

  • SD-WAN Emerges as Disruptive Technology with Remarkable Incursion in Enterprises

  • Integration of 5G and SD-WAN

  • Security Concerns in SDN and Overcoming Issues in Current SD-WANs

  • NFV and SDN Present Compelling Pair to Transform Network Management

  • Integration Complexities with Third-Party VNFs

  • New Tools Required for Organizations to Reap Full Benefits of SDN Investments

  • Convergence of NFV and SDN Technologies

  • Key NFV/SDN Deployment Challenges

  • Lack of Strong Business Cases

  • Lack of Capabilities Required for Operationalizing NFV/SDN

  • Orchestration Issues

  • Privacy and Security Issues

  • Lack of Standards

  • Organizational Issues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gxeuph-defined?w=12

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