A new report on the global Software-defined networking market has been recently published by Report Ocean. The study is titled “Software-defined Networking Market by Component (Solutions (Physical Network Infrastructure, Virtualization & Control Software, and Software-defined networking Applications) and Services (Professional Services and Managed Services)), Organization Size (Large Enterprises and Small- & Medium-sized Enterprises), End User (Telecommunication Service Providers, Cloud Service Providers, and Enterprises), and Industry Vertical (IT, Consumer Goods & Retail, BFSI, Defense, Telecom, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.”
The software-defined networking market is gaining significant momentum across the world. The rising awareness about the benefits software-defined networking solutions offer, such as optimized network resources and easy adaptation to frequently changing application, needs, and data traffic, has fueled the demand for these solutions considerably. The offerings also include increased flexibility and acceleration of time-to-market for new applications, enhanced ability to respond quickly to the issues and outages for improved network availability, and programmability for making networking simple for enterprises to automate their network functions and reduce operating costs.
The increasing uptake of cloud computing, rising need for mobility services, and an upswing in the investment in software-defined networking and network function virtualization to reduce operating expenses (OPEX) and capital expenditures (CAPEX) are likely to support the growth of this market in the years to come. However, issues related to legacy network equipment and security risks, owing to centralized nature of data plane, may create hindrance in the growth trajectory of this market over the forecast period.
Impact of Covid 19 on Global Software-defined Networking Market
With the entire world fighting with the Coronavirus pandemic, the global Software-defined networking market has also been hit to some extent. The economic downfall has affected the frequency of new product launches in this market. However, key companies are quite hopeful that, with situation getting under-control, they would be able to bounce back with same power very soon.
Rising Uptake of Cloud Computing Fuels Demand for Software-defined Networking Solutions and Services
In this report, the global software-defined networking market has been assessed on the basis of the component, organization size, end user, industry vertical, and the region. Based on the component, the market has been categorized into solutions and services. The solution segment has been further segregated into physical network infrastructure, virtualization and control software, and SDN applications. The services segment has been sub-segmented into professional services and managed services. With the increasing uptake of cloud computing, the demand for both, software-defined networking solutions and services, has increased significantly.
Based on the organization size, the market has been classified into large enterprises and small- and medium-sized enterprises. Depending on the end user, telecommunication service providers, cloud service providers, and enterprises have surfaced as the key segments of this market. In terms of the industry vertical, the report classifies the market into IT, consumer goods & retail, BFSI, defense, telecom, healthcare, and others (media & entertainment, energy & power, and manufacturing). Regionally, the market has been assessed across North America, Europe, Asia Pacific, and LAMEA in this report.
The global Software-defined networking market is segmented into:
By Organization Size
By End User
By Industry Vertical
Companies Mentioned in the Report