Software-Defined Networking Global Market to Reach $75.6 Billion by 2030: Rising BYOD Adoption to Drive Robust Growth in SDN Market
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.
Cisco Systems Inc.
Citrix Systems Inc.
Dell Technologies Inc.
Extreme Networks Inc.
Hewlett Packard Enterprise Company
Huawei Technologies Co., Ltd.
Juniper Networks Inc.
Lenovo Group Limited
Pluribus Networks 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
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
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
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
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
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
Privacy and Security Issues
Lack of Standards
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/gxeuph-defined?w=12
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