Software-Defined Networking Market Outlook, Growth Factors, Industry Share, and Size By 2032
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Software-Defined Networking Market
Outlook, Growth Factors, Industry Share, Size By 2032 To make networks more manageable and flexible, software-defined networking is a networking strategy that enables networks to be intelligently and centrally controlled or programmed with the aid of software-based controllers or application programming interfaces (APIs). The network resources are optimized, and networks are swiftly adjusted to new applications, commercial demands, and data traffic. Additionally, it provides a wealth of benefits for businesses, like the ability to respond more quickly to problems and outages for improved network availability, increased flexibility & accelerated time-to-market for new applications, and programmability for networking that enables businesses to automate their network functions and lower operating costs.
According to Straits Research, the global software-defined networking market size was valued at USD 16.23 billion in 2021. It is expected to reach USD 153.70 billion by 2030, growing at a CAGR of 28.37% during the forecast period (2022-2030).
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Software-Defined Networking Market
$153.70
CAGR 28.37%
USD Billion
$16.23
USD Billion
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2023
2032
Software-Defined Networking Market Main Market Players Covered in This Report:
A Summary of the Impact of COVID-
ü Arista Networks Inc.
19 on this Market:
ü Broadcom Inc. ü Cisco Systems, Inc. ü Citrix Systems, Inc.
The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on
ü Dell Technologies, Inc.
businesses across industries. However, this too
ü Extreme Networks, Inc.
shall pass. Growing support from governments
ü Hewlett Packard Enterprise
and various companies can benefit in the fight
Development LP ü International Business Machines Corporation ü Juniper Networks, Inc.
against this highly transmissible disease. There are some businesses that are struggling and some are thriving. General, almost every sector is anticipated to be stuck by the pandemic
Software-Defined Networking Market The Software-Defined Networking Market has been segmented as below: ü By End-User •
Telecommunication Service Providers
•
Cloud Service Providers
•
Enterprises
ü By Industry Vertical •
IT
•
Consumer Goods & Retail
•
BFSI
•
Defense
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future. Thanks for reading this article; you can also get distinct chapter-wise sections or region-wise report versions like Asia, US, Europe, Africa, etc.
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