Market Overview:

The Software Defined Networking (SDN) market industry is projected to grow from USD 12.002 Billion in 2023 to USD 38.12 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.24% during the forecast period (2023 - 2030). Software-defined networking is gaining market share at a quick clip because of the widespread digitalization around the world simultaneously. For the present being, the North American continent is the dominant player in the worldwide market. However, APAC is predicted to have explosive expansion during the projected horizon.

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Key Players:

Key Companies in the Software Defined Networking (SDN) market include

• Intel Corporation
• Pluribus Networks Inc. (U.S.)
• Hewlett Packard Enterprise Company (U.S.)
• Huawei Technologies Co. Ltd.
• Cisco Systems Inc. (U.S.)
• Juniper Networks Inc. (U.S.)
• NEC Corporation (Japan)
• Pica8 Inc. (U.S.)
• IBM Corporation

Over the last decades, the size and complexity of network infrastructures have grown at an unprecedented pace. The operator's network performance may be improved by more adaptive traffic management made possible by software-defined market solutions. As a result, communications service providers (CSPs) throughout the globe have been pouring resources into SDN to realize the benefits of an end-to-end network, more control, and more effective service management. Increasing numbers of Internet of Things devices provide an opportunity for the SND sector. It's estimated that there are now billions of IoT devices in use. Also, a good connection is essential for IoT gadgets. The potential for growth in the Software-Defined Networking market is therefore greatly enhanced.

Covid-19, the global epidemic, has disrupted economies and influenced industries on every continent. There has been a noticeable change in the market and client behavior due to the epidemic. As a result of the epidemic, the economy and society have been impacted as well. Governments worldwide have been compelled to shut down for extended periods because of the virus's rapid spread. As a result, numerous games and activities have been postponed, and more people are opting to work from home, creating a social divide. As a result, companies are scrambling to discover cutting-edge tools to boost their online sales.

Market Segmentation:

The global software-defined networking market is broken down into submarkets depending on factors such as company size, components, application, solutions, end-user, and regions.

The software subsector of the SDN market is anticipated to grow at the fastest rate throughout the predicted time frame. The software component includes both a control plane and a management plane in its make-up. The forwarding plane is controlled by the controller plane inside the SDN architecture. It's a collection of interchangeable modules that can monitor and collect data from devices on a network, among other things. Controllers provide for unified system administration through a unified interface. 

Regional Classification:

Due to the quick adoption of the network as a service solution in the United States and Canada, North America has acquired most of the market share. Businesses in various parts of the world are investing in infrastructure upgrades to boost their effectiveness. If a company migrates its infrastructure to the cloud, it may pick from various cloud deployment choices, including public, private, and hybrid clouds. Several factors to consider when migrating an organization's IT infrastructure to the cloud include price, safety, adaptability, scalability, and compliance. 

Businesses may choose Wi-Fi, LAN, or WAN networks based on price and other features. NaaS solutions are growing in popularity in North America due largely to major market participants, including AT&T, Lumen, Verizon, and Comcast Business.

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Software Defined Networking (SDN) Industry Developments:

January (2023): The Open Networking Foundation (ONF) releases the 1.5.0 version of its OpenDaylight controller, which includes a number of new features and improvements.

February (2023): Cisco announces its intent to acquire Insieme Networks, a leading provider of SDN software.

March (2023): The SDN Next Gen Conference is held in San Francisco, California. The conference brings together SDN experts from around the world to discuss the latest trends and developments in the industry.

April (2023): The ONF releases the 2.0.0 version of its OpenDaylight controller, which includes support for new features such as network slicing and multi-tenancy.

May (2023): The first SDN-enabled 5G network is deployed in South Korea. The network is operated by SK Telecom and uses the OpenStack platform.

June (2023): The SDN Industry Summit is held in London, England. The summit brings together SDN vendors, service providers, and end users to discuss the latest trends and developments in the industry.

These are just a few of the key SDN industry developments in 2023. As the year progresses, we can expect to see even more innovation in this exciting field.

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