Allied Market Research added new research report on “Software Defined Networking Market” includes Industry Size, Share, Trends, Growth, Demand, Supply, Market Development, Analysis and Forecast
SDN Market (Software Defined Networking Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $132.9 billion by 2022, registering a CAGR of 47% during the period 2016-2022. The growing need for efficient management of data traffic and centralized control of networks has encouraged communication providers to adopt SDN. Implementation of SDN has increased significantly across industries owing to the network complexities, cost and time efficiency, and flexibility in network infrastructure.
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SDN offers several benefits including programmable control over the network, management of wide and complex data traffic, reduced capital and operational cost on network equipment, and customized data control, which have encouraged organizations to adopt this technology. Increasing implementation of mobility services, huge data generation, wide data network, Internet of Things, and increasing need of flexibility in the network infrastructure across various verticals, such as IT, consumer goods & retail, BFSI, defense, healthcare, telecom, and others, further accelerate the growth of this market.
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The solutions offered by SDN providers include physical network infrastructure, virtualization and control software, professional services, and SDN applications & network services. The physical network infrastructure accounted for 47.4% of the global market revenue in 2015, owing to its benefits of minimizing the complexity of network management through SDN-enabled switches, routers, and other network devices, while saving capital costs and operational expenses. Furthermore, virtualization and control software is expected to grow at the fastest CAGR of over 51% during the forecast period.
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Enterprises are the major end users of SDN, accounting for about 43% of the global market revenue in 2015, followed by telecommunication service providers. However, the cloud service provider segment is estimated to grow at the highest CAGR during the forecast period due to the growth in use of cloud computing services by various organizations.
IT is the major industry that implements SDN. It accounted for around 22% share of the global market in 2015, followed by the telecom industry. Flexible delivery of network services, automated management of complex network, and rising trend of mobility services encouraged IT organizations to implement SDN. Consumer goods & retail is expected to grow at the highest CAGR over the forecast period.
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