Software Defined Networking Market Predicted to Grow at a Moderate Pace Through 2019-2023

 Rhea Jackson
  30th-Jul-2019
 1722

Software Defined Networking Market report by MarketsandMarkets™ provides well-organized statistical overview on the basis of trends, market share, applications, growth factors & forecast.

According to a new market research report, "Software Defined Networking Market by SDN Type (Open SDN, SDN via Overlay, and SDN via API), Component (Solutions and Services), End User (Data Centers, Service Providers, and Enterprises), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Software Defined Networking Market expected to grow from USD 8.8 billion in 2018 to USD 28.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.8% during the forecast period.

The adoption rate of Software Defined Networking (SDN) is expected to grow owing to the growing demand for data center services in businesses.

Browse and in-depth TOC on "Software Defined Networking Market”
57 - Tables
36 - Figures
117– Pages

Speak to our Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=655

Among components, the SDN overlay segment to hold the largest market size during the forecast period

An SDN overlay involves running a logically separate network or network component on top of existing infrastructure. The overlay optimizes network resources by distributing bandwidth into channels and allocating each channel to a particular device or service. In this setup, the current physical network is left untouched with networking devices and their configurations unchanged. On top of that network, SDN hypervisor-based networks are created; thereby, reducing major hardware expenses. The SDN via overlay segment is expected to hold the largest market size in 2018 and projected to and expected to witness strong growth characteristics in the coming years.

Among end users, the data center segment to hold the largest market size during the forecast period

A modern data center networking leverages the SDN framework to accommodate multiple data center tenants with demanding workloads and applications. Network traffic within data centers is leading to congestions due to high-performance workloads. SDN is quite effective in handling congestion related issues in data centers as it provides global visibility and control over the flows in a network. The data center segment is expected to hold a significant market share during the forecast period owing to the increasing demand for data centers in all growing industry verticals.

In terms of regions, North America to hold the largest market size during the forecast period

North America is expected to be the major revenue contributor to the global Software Defined Networking Market by region, as the region is a front runner in terms of adopting the latest technologies, such as cloud computing, network functions virtualization, mobility services and bring-your-own-device (BYOD). With the current advancements in fields of 5G and LTE technologies, North America is a huge market for telecom operators for deploying SDN and NFV.

Ask for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=655

In the Software Defined Networking Market, the key and emerging market players include Arista (US), Big Switch (US), Cisco (US), Ciena (US), Cumulus (US), Dell (US), Extreme Networks (US), Huawei (China), HPE (US), Juniper Networks (US), Nokia (Finland), NEC (Japan), Nokia (Finland), Pluribus (US), and VMware (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org

Visit Our Website: https://www.marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/sdn-market.asp

Domain: Electronics
Category: Business
Posted By: Rhea Jackson and Contact Rhea Jackson

Recent Press Releases

How to Improve Male Organ Skin: 8 Ea...

Facial skin? Check! Body skin? Check! Genital skin? Whaaaat? Isn’t member skin just part of the body? Well, yes and no. Genital skin is very delicate and needs special attent

21 August, 2019

Biorefinery Market to Grow Significa...

Natural gas consumption rose by 5.3% in 2018, which was one of the highest rates of growth since 1984, as stated in the 68th edition of the BP Statistical Review of World Energy. T

21 August, 2019

Global industrial labels market Will...

Global Industrial Labels Market is expected to reach USD 58.35 billion by 2025, from USD 44.72 billion in 2017 growing at a CAGR of 7.1% during the forecast period of 2018 to 2025.

21 August, 2019