Global SDN Market worth over $200 Bn by 2032

Software Defined Networking (SDN) Market size is estimated to reach USD 200 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The soaring venture capital investment in the global market is escalating the use of software defined networking. There was a notable development in severe virtualization technology due to the lack of companies that emerged during the disruptive technology period. This has resulted in a surging number of start-ups entering the market to identify innovative ideas and new pain points and to accelerate the shift away from legacy solutions. Furthermore, the exceptional 60-fold boost in VC funding is likely to stimulate SDN market share.
 

Complexity of SDN architecture may limit product uptake

In comparison to server virtualization, SDN is a significantly more pervasive technology. The multitude of technologies, protocols, and devices that must be compatible with SDN complicates migration for both consumers and vendors, which is considered to be one of the key factors impeding the adoption of SDN solutions. However, prominent R&D initiatives for the development of simple SDN structures may help manufacturers to overcome this hindrance in the future.
 

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Growing awareness about the benefits of professional services to proliferate segment revenue

The professional service segment held approximately 60% of the SDN market share in 2022 and is anticipated to witness significant between 2023 and 2032. Professional services are broadly classified into system integration services, advisory & assessment services, training & education services, consulting services, and risk evaluation services. Mounting consumer awareness about the benefits of utilizing professional services is the major factor influencing business growth.
 

Browse key industry insights spread across 250 pages with 337 market data tables & 38 figures & charts from the report, “Software Defined Networking Market Size by Component (Solution [Physical Network Infrastructure, SDN Controller, SDN Application], Service [Professional Service, Managed Service]), By End-Use (Enterprise [BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, and IT Enabled Services], Cloud Service Provider, Telecom Service Provider), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/software-defined-networking-sdn-market
 

Increasing product adoption by cloud service providers to favor industry scenario

The SDN market revenue from the cloud service provider end-use segment is predicted to generate a valuation of more than USD 70 billion by 2032. Cloud service providers are exploring SDN's potential for managing the burgeoning data traffic, decreasing CAPEX and OPEX, and increasing income. The proliferation of content across the cloud, mobile devices, and OTT services is outpacing cloud service providers. Cloud service providers' extensive usage of SDN to establish a cloud inter-network to influence the scalability and flexibility of cloud computing platforms will drive segment growth.
 

Rising adoption of cloud infrastructure to favor service segment expansion

The service component segment accounted for USD 4 billion in 2022. The widespread application of cloud computing platforms across a wide range of businesses is foreseen to foster segment growth through 2032. Many businesses are inclined towards professional services to reduce overall operating costs by eliminating the need to maintain physical IT equipment and to increase organizational income, which is primed to promote segment growth.
 

Rapid digitalization to augment APAC industry share

Asia Pacific software defined networking market is poised to showcase nearly 25% CAGR from 2023 to 2032. Rising digitization and the rapid development of digital infrastructure across the region are some prominent factors contributing to regional market growth. Government initiatives to promote digitization in emerging nations are also projected to favor revenue growth. Moreover, smart city development initiatives in India and China are expected to boost regional statistics.
 

Soaring investments by key participants to define the competitive landscape

Major key players operating in the software defined networking industry are NEC Corporation, Cisco, Intel, HP, Huawei, Pics8, AT&T, Arista Network Intel, Extreme Networks Juniper, and IBM, among others. By penetrating new markets, key enterprises are seeking lucrative business opportunities for business development.
 

To cite an instance, in November 2022, Liquid Dataport, a division of Liquid Intelligent Technologies, became the first African firm to launch a new Software Defined Network (SDN) solution for businesses with a new USD 20 million investment for next three years. The scalable and customized offering is designed to meet the requirements of all enterprises.