Managed service providers in software-defined networking (SDN) market are predicted to grow at a CAGR of over 45% over the forecast timeframe. The rising budgetary constraints are encouraging companies to adopt managed services.
Selbyville, Delaware, USA – May 16, 2019 —
North America is leading the software-defined networking market with over 35% share in 2018 due to the proliferation of several mobility solutions and advancements in the connectivity infrastructure. Telecom providers, such as AT&T, Verizon, and Spirit, have invested heavily in next-generation networking solutions to augment their infrastructures capabilities.
The Asia Pacific software-defined networking market is expected to grow at a CAGR of over 42% during the forecast timespan due to the widespread use of network virtualization and cloud computing solutions. The emergence of 5G technology and the extensive use of IoT devices across various industry sectors is further supplementing SDN market growth in the region.
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The manufacturing sector in software-defined networking (SDN) market is anticipated to attain a growth rate of over 40% over the forecast timespan. This is attributed to the increasing use of technologies such as the IoT and Machine to Machine (M2M) communications. Manufacturers are adopting SDN solutions to reduce their capital expenditure and to avoid manual configurations.
The SDN controller market is estimated to grow at a CAGR of over 40% over the projected time period. The exponential surge in the generation of digital data has given rise to data congestion issues in various heterogenous network environments. The SDN controller reduces the complexity of managing such networks by improving service delivery and reducing operating expenses. It redirects packet-based network requirements, modifies the traffic flows, and notifies network operators regarding congested links.
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The cloud service provider market is estimated to grow at a fast pace between 2019 and 2025 due to the widespread deployment of cloud-based frameworks, particularly in the telecom sector. Cloud service providers are using SDN technology to build highly scalable and flexible networking infrastructures without incurring any additional capital expenditures.
Managed service providers in software-defined networking market are predicted to grow at a CAGR of over 45% over the forecast timeframe. The rising budgetary constraints are encouraging companies to adopt managed services. The managed services reduce capital expenditure by 30 to 40% and increase operational efficiency by approximately 50 to 60%.
The companies operating in the software-defined networking market include Cisco, Intel, AT&T, Pluribus, Pluribus, Huawei, Pics8, Extreme Networks, Juniper, Arista Networks, NEC Corporation, Plexxi, Big Switch Networks, HP, IBM, and Intel. SDN market players are acquiring start-ups working on SDN technologies to extend their product lines and develop new product offerings.
Browse key industry insights spread across 250 pages with 318 market data tables & 33 figures & charts from the report, “Software-defined Networking (SDN) 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), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, North Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 5. Global SDN Market, By Component
5.1. Key trends, by component
5.2.1. Market estimates and forecast, 2014 – 2025
5.2.2. Physical Network Infrastructure
220.127.116.11. Market estimates and forecast, 2014 – 2025
5.2.3. SDN Controller
18.104.22.168. Market estimates and forecast, 2014 – 2025
5.2.4. SDN Application
22.214.171.124. Market estimates and forecast, 2014 – 2025
5.3.1. Market estimates and forecast, 2014 – 2025
5.3.2. Professional Service
126.96.36.199. Market estimates and forecast, 2014 – 2025
5.3.3. Managed Service
188.8.131.52. Market estimates and forecast, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/software-defined-networking-sdn-market
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