Scalable Software Defined Networking Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Scalable Software Defined Networking Market was valued at USD 12.61 billion in 2020 and is expected to reach USD 63.04 billion by 2026, at a CAGR of 30.75% over the forecast period (2021 - 2026). On the basis of a study, by 2020, 40 to 45% of the network spending will be on Software Defined Networking. Therefore, SDN is a potential growth market for the networking vendors contributing to vast opportunities.

• Software-defined networking (SDN) is the organization of network services by lower-level functionality abstraction and is a major shift in network architecture, which paves the way for unified communications and collaboration (UC&C) applications.
• The increase in the number of mobile devices and server visualization, along with the advent of cloud computing technologies are forcing enterprises to reexamine their conventional network architectures. Most of the conventional network architectures are hierarchical and they are built on tiers of Ethernet switches.
• Moreover, the aggressive efforts by the telecoms service provider to address the challenges of the traditional network is developing myriad new avenues for the software-defined networking market.
• The design of this type of networking framework is ill-suited to cope with dynamic computing and storage needs with respect to today’s enterprise networks. This has enforced companies to adopt new and advanced networking technologies such as SDN. SDN solutions have a dynamic and flexible network architecture that can respond to constantly-changing business and end-user requirements.
• The market is driven by the efficient network infrastructure, increasing mobility, and rising demand for cloud services. Moreover, the growth of the market is inhibited by a lack of awareness among buyers and standardization of networks.
• The increasing adoption of BYOD (bring your own device) and rapid technological advancements provide an opportunity for growth of the SDN market. However, there are security concerns as a centralized controller that can be the single point of attack and failure for SDN networks may hinder the growth of the market.

Scope of the Report

SDN revolutionizes the traditional way of networking. It physically divides the data plane and control plane by the forwarding plane of Ethernet switches (data plane) from the logical link that controls the flow of packets (control plane). The approach aims to eliminate the physical infrastructure limitations of the network. It offers a cost-effective, application-centric networking approach, and enables network functions to be virtualized with the implementation of NFV.  SDN also results in reduced operational costs, thereby reducing latency and resulting in efficient network traffic management. 

Report scope can be customized per your requirements. Click here.

Key Market Trends

BYODs to Significantly Drive the Market Growth

• Various enterprises have always been opting for solutions that have a considerable number of computing devices and create advanced communication infrastructure. BYOD has an important impact on the enterprises, as it realizes the advantages, in terms of productivity, cost saving, and flexibility.
• According to a survey by Cisco, about 69% of the IT decision makers favor BYOD as a positive addition to workplace policy, as it saves workers’ time.  In the United States, mobile workers account for nearly 90% of the workforce, as it provides improved collaboration and productivity, by uniting geographically distributed offices together, integrating and streamlining communications. 
• Moreover, connected device penetration shows BYOD usage. More the connected device, more is the implementation of SDN to increase the productivity, efficiency and cost saving.
• Data breaches also offer compliance and privacy issues that expose the organization to the ire of regulatory bodies, along with the wrath of the public users. 
• The SDN trend is projected to gain momentum, as an increasing number of companies are trying to leverage their SDN initiation, for the security of BYOD.

To understand key trends, Download Sample Report