software-defined-network-market-size-share-industry-growth-insights

1. Software-Defined Networking Market to Explode from $24.5B to $60.2B by 2028 - Automation, 5G, IoT, Cloud Are Driving the Surge According to a research report "Software-Defined Networking Market by O?ering (SDN Infrastructure, Software, and Services), SDN Type (Open SDN, SDN via Overlay, SDN via API, Hybrid SDN), Application (SD-WAN, SD-LAN, Security), End User, Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the global Software-Defined Networking market size is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The primary driver of SDN adoption is its ability to automate and simplify network management. By centralizing control, SDN minimizes manual configurations, reducing human errors and operational complexities. This automation not only streamlines processes but also significantly cuts down operational costs. Market Dynamics Drivers Need to simplify network management Need to optimize CAPEX and reduce OPEX Rising demand for cloud services, data center consolidation, and server virtualization Increasing need for enterprise mobility to enhance productivity for field-based services Restraints Increasing security concerns Lack of skilled workforce Opportunities Growing adoption of IoT Rising implementation of SDN for 5G Increasing demand for hybrid clouds Development of open-source SDN

2. According to Market Research Download PDF for your business opportunities The Hybrid SDN segment is expected to grow at the highest CAGR during the forecast period. The major market driver for hybrid SDN is its ability to facilitate a smooth transition and compatibility with existing infrastructures. Hybrid SDN solutions allow businesses to integrate SDN capabilities into their legacy systems seamlessly. This compatibility ensures that businesses can leverage the benefits of SDN without disrupting their current operations, making it a preferred choice for industries where a gradual migration and coexistence of traditional and software-defined networking environments are essential. The cloud service providers segment is expected to grow at the highest CAGR during the forecast period. Cloud service providers require networks that can scale rapidly to accommodate varying workloads and user demands. SDN’s ability to automate scaling processes and e?iciently allocate resources aligns with the dynamic nature of cloud environments. Cloud service providers operate vast data centers that host a myriad of applications, services, and content for businesses and consumers worldwide. SDN plays a pivotal role in these environments by enabling automated network provisioning, e?icient tra?ic management, and seamless scalability. For Business Growth Download Sample Report which will help you. Top 10 Software-Defined Networking Companies includes : Cisco (US) Huawei (China) VMWare (US) Dell EMC (US) Juniper Networks (US) IBM (US) Ericsson (Sweden) Ciena (US) Extreme Networks (US) Comcast (US)

3. Asia Pacific is likely to emerge as the fastest-growing segment during the forecast period. Asia Pacific consists of major economies, such as China, India, Japan, Australia, and South Korea, which are gaining worldwide attention due to their rapid growth and advancements in all fields. The large population of Asia Pacific is a major traction to investors all over the world for attaining a large subscriber base. Datacenter deployments are complementary to the SDN technology, and with technological advancement, the SDN market is expected to grow exponentially. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine o?ering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445

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