Software Defined Networking Market by Component (Solution, Services), by End-User (Enterprises, Telecom Service Provider, Service Provide), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Software Defined Networking Market size was valued at USD 24.5 USD Billion in 2023 and is projected to reach USD 73.53 USD Billion by 2032, exhibiting a CAGR of 17 % during the forecast period. Software Defined Networking or SDN is a new frontier in the control of networking that breaks down the physical architecture from the controls, enables control of networks from a single point, and allows for programming of the network. It consists of three main types: OpenFlow which describes a standard for interaction between the control and forwarding layers; Network Function Virtualization (NFV) which virtualizes the network services; and Multi-Protocol Label Switching (MPLS) which optimizes the transfer of data. Some of the facets of SDN include; flexibility, modularity, and expandability. It has its use in different areas like cloud computing fixing resource assignments; enterprise networks fixing organizational issues; and data centers fixing traffic and networking issues.
Software-Defined Networking Trends
Component:
End-User:
This report provides a comprehensive analysis of the Software Defined Networking Market, including:
The market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. North America and Europe are expected to hold the largest share of the market due to the early adoption of cloud computing and SDN technologies.
"The Software Defined Networking market is poised for significant growth over the coming years. The increasing adoption of cloud computing, virtualization, and the need for improved network agility and security are driving the demand for SDN solutions. Vendors in the SDN market are focusing on innovation and strategic partnerships to stay competitive and cater to the changing needs of businesses and service providers."
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 17 % from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 17 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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