|Status : Upcoming||Report Code : VRICT5117||Industry : ICT & Media||Available Format :|
Industry Insights by Components (Hardware, Software, and Services), by Organization Size (Large Enterprises, and Small & Medium Enterprises), by End User (Retail, Telecom and IT, Education, BFSI, and Others)
Software defined networking (SDN) technology is an approach that helps the providers to avail network management to its customers. In order to improve performance and monitoring of network SDN enables efficient and effective configuration to the users. Furthermore, this technology provides ease and control for maintenance of complex networks. It also the users to decrease the obstacles provided by the traditional network infrastructure and further help them in contributing towards the growth of SDN market across the globe.
SDN is the most effective way to manage big data, which generates large amount of highly distributed data related to marketing, business operations, productions which are analyzed to enable better decision-making. Moreover, it has been observed that extensive deployment of data centers are further strengthening the growth of SDN market across the globe.
Insight by Components
The SDN market on the basis of components is categorized into hardware, software and services. Furthermore, services segment is sub categorized into managed and professional services. Among these three segments, service segment is expected to witness the highest growth during the forecast period owing to increasing adoption of cloud computing services by various business organizations across the globe. These services further enables companies to utilize network effectively, adopt latest technology, enhance automation within organization and improves overall efficiency of the organization. The growth of this segment is further strengthening the growth of SDN market worldwide.
Insight by Organization Size
Based upon organization size, the SDN market across the globe is segmented into large, and small and medium enterprises. Among the two segments, small and medium enterprises are anticipated to witness faster growth in demand for SDN solution during the forecast period since it enables the enterprises to develop flexible network structures and enables the small business enterprises to modify their business model without the requirement to reset entire business model.
Insight by End User
On the basis of end user, the SDN market across the globe is segmented into retail, telecom and IT, education, BFSI, and others. Among all these segments, telecom and IT domain is expected to generate largest revenue throughout the estimated period since this system enables telecom industry to improve their carrier ability in order to deliver flexible bandwidth.
The increasing demand for better technologies and the increasing deployment of data centers are the key factors that attribute towards the growth of the SDN market across the globe. Due to rapid advancements in the technology, SDN is gaining huge popularity owing to more efficient and effective working environment. Furthermore, with the increasing adoption of internet of things there is a very huge demand and growth for the data centers and cloud networking technologies in both emerged as well as emerging economies which eventually strengthen the growth of the market across the globe.
Lack of knowledge of the technology and the attitude of resistance to change among various small and medium enterprises users are the key challenges witnessed by SDN market providers across the globe.
Globally industry players are leveraging market growth through the development of innovative solutions in SDN market across the globe and by launching new products. The vendors for software defined networking technology are providing various solutions to the users such as advanced technology for better and quick data processes and storage. Research and development process is implemented by key players that help them in making this system more efficient and accessible.
Geographically, North America is the largest SDN market due to earlier advancements in the technology of this segment. Furthermore, increasing adoption of SDN technology by various large enterprises for enhancing the efficiency and flexibility of its business operations is the key factor pertaining towards the growth of the SDN market in this region.
Moreover, Asia-Pacific is anticipated to witness fastest growth during the forecast period due to the increasing deployment of data centers and increasing demand from various small and medium enterprises related to adoption of cloud computing technology is bolstering the growth of the SDN market across the globe.
Key players in SDN market are evolving latest technologies and performing mergers and acquisitions that are further helping the key players to attain competitive advantage. However, it has been observed that local players are depending upon new technology to develop cost efficiencies, thus increasing the rivalry in the market to some extent. The prominent players in the SDN market include Ericsson AB, Nokia Corporation, Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Ltd., Dell Inc., PICA8, Inc. Hewlett-Packard, Intel Corporation and Big Switch Networks, Inc.