Software Defined Networking Trends and Forecast
The future of the global software defined networking market looks promising with opportunities in the IT & telecom, consumer goods & retail, BFSI, defense, and healthcare markets. The global software defined networking market is expected to reach an estimated $88.5 billion by 2030 with a CAGR of 20.1% from 2024 to 2030. The major drivers for this market are rise in cloud computing adoption, growing use of intelligent edge and IoT apps, as well as, increasing spending on network function virtualization and software-defined networking in order to lower operating and capital costs.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Software Defined Networking by Segment
The study includes a forecast for the global software defined networking by component, end use, and region.
Software Defined Networking Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Solutions
• Services
Software Defined Networking Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• IT & telecom
• Consumer Goods & Retail
• BFSI
• Defense
• Healthcare
• Others
Software Defined Networking Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Software Defined Networking Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies software defined networking companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the software defined networking companies profiled in this report include-
• Cisco Systems
• NEC Corporation
• International Business Machines Corporation
• Hewlett Packard Enterprise Development
• Dell
• Technologies
• Extreme Networks
Software Defined Networking Market Insights
Lucintel forecasts that solutions is expected to witness the higher growth over the forecast period due to rise in adoption of software defined networking solutions by enterprises and communication service providers.
Within this market, IT & telecom will remain the largest segment due to technological advancement.
North America is expected to witness highest growth over the forecast period due to increased demand for network management owing to high network traffic, a boom in the use of cutting-edge technology across a range of industrial verticals, and a rise in the usage of cloud computing and mobility solutions.
Features of the Global Software Defined Networking Market
Market Size Estimates: Software defined networking market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Software defined networking market size by component, end use, and region in terms of value ($B).
Regional Analysis: Software defined networking market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, end use, and regions for the software defined networking market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the software defined networking market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the software defined networking market size?
Answer: The global software defined networking market is expected to reach an estimated $88.5 billion by 2030.
Q2. What is the growth forecast for software defined networking market?
Answer: The global software defined networking market is expected to grow with a CAGR of 20.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the software defined networking market?
Answer: The major drivers for this market are rise in cloud computing adoption, growing use of intelligent edge and IoT apps, as well as, increasing spending on network function virtualization and software-defined networking in order to lower operating and capital costs.
Q4. What are the major segments for software defined networking market?
Answer: The future of the global software defined networking market looks promising with opportunities in the IT & telecom, consumer goods & retail, BFSI, defense, and healthcare markets.
Q5. Who are the key software defined networking market companies?
Answer: Some of the key software defined networking companies are as follows:
• Cisco Systems
• NEC Corporation
• International Business Machines Corporation
• Hewlett Packard Enterprise Development
• Dell
• Technologies
• Extreme Networks
Q6. Which software defined networking market segment will be the largest in future?
Answer: Lucintel forecasts that solutions is expected to witness the higher growth over the forecast period due to rise in adoption of software defined networking solutions by enterprises and communication service providers.
Q7. In software defined networking market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increased demand for network management owing to high network traffic, a boom in the use of cutting-edge technology across a range of industrial verticals, and a rise in the usage of cloud computing and mobility solutions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the software defined networking market by component (solutions and services), end use (IT & telecom, consumer goods & retail, BFSI, defense, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Software Defined Networking Market, Software Defined Networking Market Size, Software Defined Networking Market Growth, Software Defined Networking Market Analysis, Software Defined Networking Market Report, Software Defined Networking Market Share, Software Defined Networking Market Trends, Software Defined Networking Market Forecast, Software Defined Networking Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.