Market Research Report
Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||975978|
|Published||Content info||138 Pages
Delivery time: 2-3 business days
|Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: December 5, 2020||Content info: 138 Pages||
The global software defined networking market grew at a CAGR of around 25% during 2014-2019. Software-defined networking (SDN) refers to a network architecture solution used for workflow automation through software-based applications. It is designed to enhance the efficiency and agility of networks for enabling the user to control large volumes of data and the network traffic. The SDN architecture consists of various elements, such as a controller to centralize physical and virtual environments, southbound application program interface (API) to transmit information between the controller and the individual switches, access points and firewalls, and northbound API to transfer data between the controller and the application and policy engines. In comparison to traditionally used networking systems, SDN is more cost-effective and offers enhanced flexibility and security over the entire network.
The rising trend of network infrastructure automation and the widespread adoption of cloud-computing services and big data analytics across various industries, are the key factors driving the growth of the market. There is an increasing demand for efficient networking solutions, such as SDN, for data center consolidation, server virtualization and enhancing enterprise mobility. In line with this, with the increasing adoption of Bring-Your-Own-Devices (BYOD), organizations are extensively using SDN solutions to customize and manage the data accessed by employees and optimize the mobile workforce. Furthermore, various technological advancements, such as the integration of the Internet of Things (IoT) with connected devices, are acting as other growth-inducing factors. SDN service providers are also developing architectures to support the 5G infrastructure, thereby creating a positive outlook for the market. Other factors, including increasing investments in the development of open-source SDNs, along with digitization of the existing 3G and 4G networks, are anticipated to drive the market further. Looking forward, IMARC Group expects the global software defined networking market to continue its strong growth during the next five years.