Software defined networking or SDN allows the network administrators to manage the services through abstraction. SDN services have come across as a huge helping hand for the telecommunication providers who have been looking for the ways to increase efficiency of the networks and optimize the costs. Growing adoption of computer networking and these advanced technologies are creating strong growth prospects for the global software defined networking (SDN) market. The industry is expecting positive business opportunities from different parts of the world, especially with the technological advancements and rising demand for network mobility from different industrial verticals.
Drivers and Restraints for SDN Market
According to the expert researchers, the global software defined networking (SDN) market is driven by strong requirement for mobility, and new network architecture from different industrial verticals. Intensifying complexity and size of the networks and varying traffic patterns are also creating strong demand for these technologies. Surging cloud services, server virtualization and datacenter consolidation are also considered as the strong drivers for the global SDN market. Openflow controller applications, infrastructure vendors and telecom operators are aiming at strong business prospects from the industry during the next few years to come. Major restraining factors for the market include survival in the hype cycle and lack of industry standards.
SDN Market Forecasts
The global software defined networking (SDN) market is segmented on the basis of the types of solutions, end-users, and geographic regions. In order to understand the projected trends and growth prospects for the industry, researchers heavily rely on the analysis of the industry segments. Careful analysis of these segments provides details about the future growth of the SDN market. According to the research, gradual evolution of this industry is a positive sign for the existing players in the market. Mainly because of the maximum network utilization, researchers expect ubiquitous growth for the market across all the telecommunication networks and positive growth across the enterprise networks.
As per the latest market research reports, the global software defined networking (SDN) market is expected to grow at a CAGR of over 66% from 2014 to 2019. At this exponential growth rate, the market is expected to become worth more than $3,670 million by the end of the year 2019. North America is expected to dominate the global market in terms of the market share. However, emerging regions like Asia Pacific, Middle East, Africa and Latin America are also expected to witness strong growth in terms of the CAGR, in the next few years to come.