REDDING, Calif., May 7, 2024 /PRNewswire/ -- According to a
new market research report titled, 'Software-defined
Networking Market by
Offering, Model (API SDN, Overlay SDN, Open SDN), Application
(Control Flow, Packet Forwarding, Security Flow Open Flow Switch),
End User (Data Centers, Enterprises), and Geography—Global Forecast
to 2031,' the software-defined
networking market is projected to reach $73.5 billion by 2031, at a CAGR of 22.8% from
2024–2031.
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Software-defined Networking (SDN) is an approach to networking
that uses software-based controllers or application programming
interfaces (APIs) to communicate with underlying hardware
infrastructure and direct traffic on a network. It enables a new
way of controlling the routing of data packets through a
centralized server. SDN offers the potential to deliver application
environments as code and minimize the hands-on time needed for
managing the network.
SDN is much more flexible than traditional networking and is a
step above it. It enables increased control with greater speed and
flexibility, customizable network infrastructure, and robust
security. It also allows data to move easily between distributed
locations, which is critical for cloud applications.
The growth of the software-defined networking market is driven
by the proliferation of data centers, the increasing utilization of
smart devices in industrial and infrastructure applications, and
the growth in network infrastructure automation in Asia-Pacific. However, interoperability issues
due to uneven SDN standards restrain the growth of this market.
Furthermore, the increasing deployment of 5G networks and
enterprises' growing preference for network slicing are expected to
generate growth opportunities for the stakeholders in this market.
However, the shortage of skilled networking professionals is a
major challenge impacting the growth of the software-defined
networking market.
The global software-defined networking market is segmented
by offering (software and services), model (open SDN, API SDN,
overlay SDN, and hybrid SDN), application (control flow, open flow
switch, packet forwarding, security flow, data migration, and other
applications), end user (data centers, enterprises, cloud service
providers, telecommunication service providers, and other end
users). The study also evaluates industry competitors and analyzes
the market at geographical levels.
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Based on offering, the software-defined networking market
is segmented into software and services. In 2024, the software
segment is expected to account for the larger share of
70% of the software-defined networking market. The
large market share of this segment can be attributed to the
benefits offered by SDN. SDN facilitates dynamic and centralized
control of network resources, enabling administrators to adjust
network behavior through software rather than manual configuration
of individual devices. Additionally, SDN enables the automation of
network provisioning, configuration, and management, resulting in
faster service deployment, enhanced resource utilization, and
reduced human errors.
However, the services segment is projected to register the
highest CAGR during the forecast period. This growth can be
attributed to the benefits provided by SDN services, particularly
in enabling the scaling of network infrastructure to accommodate
fluctuating workloads. Such scalability is crucial for businesses
experiencing growth or variations in demand. Moreover, SDN
centralizes network management, enabling administrators to define
and enforce policies across the entire network efficiently.
Based on model, the SDN market is segmented into open
SDN, API SDN, overlay SDN, and hybrid SDN. In 2024, the overlay SDN
segment is expected to account for the largest share of the global
software-defined networking market. Overlay SDN enables the
creation of virtual networks over existing physical infrastructure,
offering flexibility in network design and deployment. This
capability enables swift adjustments to evolving business needs.
Moreover, overlay SDN facilitates the creation of isolated virtual
networks, which is essential for supporting multiple tenants or
applications with different requirements on a shared physical
infrastructure. These benefits contribute to the large market share
of this segment.
However, the hybrid SDN segment is projected to register
the highest CAGR of 24.3% during the forecast period. Hybrid
SDN provides a balance between the centralized control and
programmability of SDN and the distributed nature of traditional
networking. This flexibility is essential for organizations that
need to support a variety of workloads, applications, and network
architectures. These benefits are expected to increase the adoption
of hybrid SDN and drive the growth of this segment during the
forecast period.
Based on application, the software-defined networking
market is segmented into control flow, open flow switch, packet
forwarding, security flow, data migration, and other applications.
In 2024, the control flow segment is expected to account for the
largest share of 31% of the software-defined networking
market. SDN enhances network resource utilization and cost
efficiency in control flow applications. SDN facilitates the
implementation of more granular security policies, thereby
bolstering overall network security. These advantages significantly
contribute to the large market share of this segment.
However, the security flow segment is projected to register
the highest CAGR during the forecast period. SDN enables the rapid
deployment of security policies and updates. Additionally, SDN
enables the automation of security responses, leading to reduced
time and effort needed to mitigate threats. These advantages are
expected to drive the growth of this segment during the forecast
period.
Based on end user, the global software-defined networking
market is segmented into data centers, enterprises, cloud service
providers, telecommunication service providers, and other end
users. In 2024, the enterprises segment is expected to account for
the largest share of 41% of the software-defined networking
market. SDN plays a crucial role in automating network management
tasks, thereby reducing the need for manual configuration efforts.
Moreover, SDN simplifies the process of scaling network
infrastructure to meet evolving business requirements. These
advantages contribute to the segment's large market share.
However, the telecommunication service providers segment is
projected to register the highest CAGR during the forecast period.
The growth of this segment can be attributed to the benefits
provided by SDN, which offers a new level of flexibility, agility,
and efficiency. These advantages enable telecommunication service
providers to effectively address the constantly increasing demands
of their customers.
Based on geography, the software-defined networking
market is segmented into North
America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the
largest share of 40% of the software-defined networking
market. The North America SDN market is estimated to be worth
USD 7.0 Billion in 2024.
North America's significant market
share can be attributed to factors such as the presence of a larger
and well-established sales force specializing in network automation
solutions, the increasing initiatives by service providers to
implement network automation and the growing demand for data center
and IT infrastructure automation.
However, the Asia-Pacific SDN market is projected to record
the highest CAGR of 25% during the forecast period. The
growth of this regional market is attributed to the increasing
deployment of SDN by enterprises in the region, the rising demand
for a broad range of value-added network services, the need for
more agile and flexible networks, and the growing demand for
network automation.
The key players operating in the global software-defined
networking market are Cisco Systems, Inc. (U.S.), Broadcom Inc.
(U.S.), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (U.S.),
Telefonaktiebolaget LM Ericsson (Sweden), Ciena Corporation (U.S.), Hewlett
Packard Enterprise Company (U.S.), Nokia Corporation (Finland), Oracle Corporation (U.S.), NEC
Corporation (Japan), Dell
Technologies Inc. (U.S.), IBM Corporation (U.S.), Pica8 Software
Inc. (U.S.), Riverbed Technology LLC (U.S.), and flexiWAN Ltd.
(Israel).
Prominent companies such as Cisco Systems, Inc. (U.S.), Broadcom
Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (U.S.), and
Hewlett Packard Enterprise Company (U.S.) are the industry leaders
with relatively high market shares. These market players have
strong brand recognition and established product offerings with a
strong strategic focus on business expansion. These players focus
strongly on research and development activities and are aligned to
innovate their product portfolio in line with the industry trends
for the coming years.
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Scope of the Report:
Software-defined Networking Market Assessment—by
Offering
Software-defined Networking Market Assessment—by
Model
- Open SDN
- API SDN
- Overlay SDN
- Hybrid SDN
Software-defined Networking Market Assessment—by
Application
- Control Flow
- Open Flow Switch
- Packet Forwarding
- Security Flow
- Data Migration
- Other Applications
Software-defined Networking Market Assessment—by End
User
- Data Centers
- Enterprises
- Cloud Service Providers
- Telecommunication Service Providers
- Other End Users
Software-defined Networking Market Assessment—by
Geography
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Indonesia
- Australia & New Zealand
- Taiwan
- Rest of Asia-Pacific
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest of the Middle East &
Africa
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