Software Defined Networking Market Size
Market Outlook:
Software Defined Networking Market exceeded USD 28.48 Billion in 2023 and is likely to cross USD 117.91 Billion by end of the year 2032, witnessing more than 17.1% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 28.48 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
17.1%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 117.91 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The increasing adoption of cloud-based solutions and the growing demand for network virtualization are driving the growth of the Software Defined Networking (SDN) market.
The rising need for efficient network management and automation is also fueling the growth of the SDN market.
Moreover, the growing trend of bring your own device (BYOD) and the proliferation of mobile devices are further contributing to the market expansion.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Component, End Use |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Anuta Networks,, Arista Networks,, Aryaka Networks,, Cato Networks,, Ciena, Cisco Systems, Colt Technology Services Group Limited, Comcast, Dell, Ericsson, Extreme Networks,, Hewlett Packard Enterprise Company, Huawei Technologies, Intel, International Business Machines (IBM), Juniper Networks,, Lumen Technologies,, NEC, Oracle, Turnium Technology, Versa Networks,, VMware,, ZTE |
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The complexity in integrating SDN solutions with existing network infrastructure is a major restraint for the market.
Additionally, security concerns related to SDN implementation pose a challenge to the market growth.
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