Market Overview

The Software-Defined Networking Market is expected to reach 37.71 Billion at a CAGR of 21.24% by the end of the forecast period. The fast digitization in worldwide regions accounts for the high rate of adoption in the Software-Defined Networking Market Share. Network infrastructures have grown in size and complexity at a remarkable rate during the last few decades. Software-Defined Networking Market solutions give traffic management more flexibility, allowing the operator's network to run more efficiently. As a result, CSPs all over the world are investing in Software Defined Networking technology to gain end-to-end network visibility, better control, and more efficient service management.

The covid-19 pandemic has revolutionized and impacted sectors all over the world. The outbreak's impact can also be noticed in the Software-Defined Networking Market and customer behavior. The epidemic has had an impact on society and the economy. Because of the virus's propagation, governments have been compelled to shut down for an extended length of time. As a result, numerous sports and activities have been rescheduled, and work-from-home and social isolation have become the norm. As a result of this situation, businesses are being forced to seek out new technologies that will assist them in selling on the internet.

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Market Segmentation: 

By Components:

• SDN Infrastructure
• Software
• Services

By SDN Types:

• Open SDN
• SDN via overlay
• SDN Via API

By End-users:

• Service providers
• Enterprises

By Professional Services:

• Support service
• Implementation Service
• Consulting Service

By Organization Size:

• Large Enterprises
• SMEs

By Enterprise Verticals:

• BFSI
• Retail
• ITeS
• Manufacturing
• Education
• Healthcare
• Government and Defence
• Energy and Utilities
• Travel and Hospitality
• Transportation and Logistics

By Regions:Based on Regions, the market is segmented into-

• North America
• Europe
• APAC
• Latin America
• Middle East and Africa (MEA)

Regional Classification:

For the time being, North America dominates the worldwide Software-Defined Networking Market. APAC, on the other hand, is predicted to grow rapidly during the forecast period. During the predicted period, North America is expected to increase the most. The Software-Defined Networking Market in this region has a lot of strength to grow. The growing adoption of technologies such as network functions virtualization, cloud computing, mobility services, and bring your own device (BYOD) is propelling this region forward. The North American region has always had a high rate of industrialization and has always been a hotbed of technological innovation, particularly in the United States and Canada. There are several major Software-Defined Networking Market participants in this region. As a result, the region's Market Size has always been boosted by investments and a high rate of opening up to new prospects. On the other hand, the APAC area, particularly China and India, has experienced rapid digitization. As a result, the Asia Pacific region is likely to have significant market expansion over the forecast period.

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Industry News:

The major key players in the Software-Defined Networking Market are Intel Corporation, Pluribus Networks Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Cisco Systems Inc., Juniper Networks Inc., NEC Corporation, Pica8 Inc., IBM Corporation, Brocade Communications Systems Inc., Big Switch Networks Inc., Ciena Corporation, Ulak Communications, Dell EMC, Citrix, Arista Networks, Extreme Networks, Infovista, Scale Computing, DataCore Software, Pivot3, Hivel, Fujitsu, Lenovo, and Cumulus Network.

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