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Software Defined Networking Market Size by Component (Solution [Physical Network Infrastructure, SDN Controller, SDN Application], Service [Professional Service, Managed Service]), By End-Use (Enterprise [BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, and IT Enabled Services], Cloud Service Provider, Telecom Service Provider), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2395
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Drivers

Software Defined Networking Market size exceeded USD 20 billion in 2022 and is poised to grow at over 20% CAGR from 2023 to 2032. Growing adoption of cloud services and IT convergence will drive the market demand.
 

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The ability of cloud computing to provide an enterprise-wide array of resources that can be used to expand, coordinate, and support operations is encouraging its adoption. Furthermore, the rising uptake of cloud computing is increasing the strain on networks to deal with the flexibility, scalability, and programmability of these virtualized models. This creates various use cases for SDN solutions.
 

Furthermore, carriers were previously unwilling to adopt new technologies and embrace anything that might disrupt the network. However, increased pressure to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) is forcing organizations to seek innovative technologies. The implementation of cloud computing and server virtualization has resulted in a dramatic shift in the way compute resources are deployed, scaled, and managed to maximize the benefits of their network, which is primed to supplement the market growth.
 

Impact of COVID-19 on the market trends

The rapid spread of COVID-19 has resulted in an increasing amount of data collected from diverse sources. The prevalent remote working trend raised the demand for cloud computing (CC) tools, which assist employees in fulfilling their responsibilities efficiently, which has promoted the development of the software defined networking market. Furthermore, with the rapid digitization across several businesses, the industry is likely to grow significantly in the post-pandemic situation.
 

Lack of expertise may impede industry growth

In comparison to traditional networks, SDN provides a customizable interface that enables more application-driven behavior. Despite its rising popularity, there are not enough people with the necessary expertise to set up, operate, and protect SDN. Furthermore, as companies transitioned to a more programming-savvy workforce, the demand for highly trained people to replace network engineers with software developers increased, which has hindered industry growth. However, organizations are investing in staff training and participating in aggressive recruiting activities to compete for and hire talented individuals.
 

Improved network infrastructure management capabilities to promote solution segment growth

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The solution segment in the software defined networking market is expected to depict 20% growth rate during the forecast period. Physical network infrastructure, SDN controllers, and SDN applications constitute the SDN solution market. The ability of physical network infrastructure to coordinate and manage the flow control between network applications and elements are slated to bolster segment growth.
 

Increasing deployment for better network performance to drive enterprise segment progress

The enterprise end-use segment size was around USD 5 billion in 2022. Enterprises are leveraging SDN solutions to boost their network performance. SDN offers firms vendor-independent control over the network from a singular point, which simplifies network devices, eliminating the need to process & understand thousands of protocols, which is set to amplify segment development.
 

Under enterprise segment, the healthcare applications will cross a revenue of USD 10 billion by 2032, owing to the increasing adoption of technology in healthcare institutes. Healthcare institutions are rapidly leveraging technology to enhance patient care, streamline operations, save time, and cut overall costs. Furthermore, the deployment of big data analytics and IoT, as well as the increased usage of wearable devices and other patient-centric technology, has altered healthcare institutions.
 

Rising consumer spending on mobile devices to favor the North America market expansion

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North America software defined networking market is projected to register a growth of 20% through 2032, impelled by increasing mobile subscription rate and consumer expenditure. Furthermore, the region serves as a model for the growing use of next-generation gadgets and networks. Burgeoning mobile subscriptions and consumer spending on mobile use are causing a rise in data traffic, which is expected to boost the market growth.
 

Growing amount of data traffic to boost the need for physical network infrastructure

The physical network infrastructure solution segment accounted for more than 45% market share in 2022. Network elements, such as routers, switches, and white boxes, form part of the physical network infrastructure industry. All these components manage data traffic while also providing the necessary supporting resources to facilitate full connection, availability, security, and virtualization. Growing data traffic and the mounting number of data production sources are likely to fuel the segment expansion.
 

Strategic partnerships by leading corporations to define the competitive landscape

Some of the leading companies in the market include Cisco, HP, Intel, Big Switch Network, AT&T, Pluribus, Huawei, Pics8, IBM, Pluribus, and Plexxi. To manage and personalize their network infrastructure, key industry players are concentrating on incorporating open-source SDN platforms into their cloud computing platforms.
 

To cite an instance, in October 2022, Nokia Corporation, a consumer electronics business, partnered with American Tower, a global supplier of wireless communications infrastructure, to offer SDN virtualization to revolutionize fiber broadband deployment.
 

The software defined networking market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Component

  • Solution 
    • Physical Network Infrastructure
    • Software Defined Networking (SDN) Controller
    • Software Defined Networking (SDN) Application
  • Service 
    • Professional Service
    • Managed Service

Market, By End-use:

  • Enterprise 
    • BFSI
    • Consumer goods & retail
    • Government & defense
    • Healthcare
    • Manufacturing
    • IT enabled services
    • Others 
  • Telecom service provider
  • Cloud service provider Military

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • North Africa

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market for software defined networking recorded a valuation of more than USD 20 billion in 2022 and is estimated to grow at over 20% CAGR through 2032 owing to the growing deployment of cloud services and IT convergence.
The healthcare enterprise segment is anticipated to exceed USD 10 billion in revenue by 2032 due to increasing technological adoption and widespread usage of IoT and cloud services in healthcare institutions.
The North America market is estimated to progress at over 20% CAGR between 2023 and 2032. The rising mobile subscription rate and consumer spending are expected to propel the regional business growth.
Cisco, HP, Intel, Big Switch Network, AT&T, Pluribus, Huawei, Pics8, and IBM, Pluribus, and Plexxi are some key companies operating in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 375
  • Countries covered: 18
  • Pages: 250
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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