Software Defined Networking (SDN) Anticipated to Attain Around $70.4 Billion by 2024: Grand View Research, Inc (2024)

Grand View Research, Inc. – Market Research And Consulting.

According to report published by Grand View Research, The global Software Defined Networking (SDN) market size was valued at USD 474.2 million in 2015.

The globalSDN marketis estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.

SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.

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The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Global software defined networking market, by services, 2014 – 2024 (USD Million)

Software Defined Networking (SDN) Anticipated to Attain Around $70.4 Billion by 2024: Grand View Research, Inc (2)

Key Takeaways from the report:

  • Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software defined WAN for enterprises which are looking to replace the existing MPLS systems that had been de facto for most major organizations.
  • The industry is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
  • The new product development, industry players’ concentration on research and development activities, and developing cost effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

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Grand View Research has segmented the global software defined networking (SDN) market on the basis of end use, services, solutions, application, and region:

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Software Defined Networking End Use Outlook (Revenue, USD Million; 2014 – 2024)

  • Enterprise
  • Telecommunication Service Providers
  • Cloud Services Provides

Software Defined Networking Services Outlook (Revenue, USD Million; 2014 – 2024)

  • Integration and Deployment
  • Training and Maintenance
  • Managed Services

Software Defined Networking Solutions Outlook (Revenue, USD Million; 2014 – 2024)

  • Physical Network Infrastructure
  • Virtualization/Control Software
  • SDN Application

Software Defined Networking Application Outlook (Revenue, USD Million; 2014 – 2024)

  • BFSI
  • IT & Telecom
  • Consumer Goods
  • Government and Defense
  • Healthcare
  • Others

Software Defined Networking Market Regional Outlook (Revenue, USD Million; 2014 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Software Defined Networking (SDN) Anticipated to Attain Around $70.4 Billion by 2024: Grand View Research, Inc (3)

Software Defined Networking (SDN) Anticipated to Attain Around $70.4 Billion by 2024: Grand View Research, Inc (2024)

FAQs

What is the future of SDN networking? ›

The future of the SDN market looks promising, driven by the need for scalable and secure network infrastructures. As organizations seek cost-effective solutions, SDN offers the potential for substantial savings through optimized resource utilization and simplified network management.

Read On ›
How big is the software-defined networking SDN market? ›

Software Defined Networking (Sdn) Market Short Description:

The global Software Defined Networking (Sdn) market size was valued at USD 812.13 Million in 2022 and will reach USD 7436.01 Million in 2028, with a CAGR of 44.64% during 2022-2028.

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What is the main idea in so called software-defined networking SDN )? ›

Software-defined networking (SDN) is an architecture that abstracts different, distinguishable layers of a network to make networks agile and flexible. The goal of SDN is to improve network control by enabling enterprises and service providers to respond quickly to changing business requirements.

Continue Reading ›
What is software-defined networking SDN and what advantages does it offer quizlet? ›

Software defined networking (SDN) uses a controller to manage devices. The controller is able to inventory hardware components on the network, gather network statistics, make routing decisions based on gathered data, and facilitate communication between devices from different vendors.

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What problem does SDN solve? ›

What Problems Does SDN Solve? SDN eases the complexity of managing highly distributed physical network infrastructures with programmability and centralized control.

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What is the disadvantage of SDN? ›

One potential disadvantage of SDN is the use of a centralized controller, which can present a single vulnerable point for cybercriminals to attack. The placement of this controller is vital to the success of the network, as too much distance between the controller and network devices can cause a propagation delay.

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What are the three layers of an SDN? ›

Common SDN architecture has three layers: application layer, controller layer and data layer.

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Is SDN part of 5G? ›

The virtualization brought by software-defined networking (SDN) to 5G allows administrators to control and change the network remotely.

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What is the largest security risk in a SDN? ›

One of the most significant security risk factors is the possibility of a compromised SDN controller attack at the control plane layer.

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What is the main objective of SDN? ›

Software-Defined Networking (SDN) is a network architecture approach that enables the network to be intelligently and centrally controlled, or 'programmed,' using software applications. This helps operators manage the entire network consistently and holistically, regardless of the underlying network technology.

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What is the primary goal of SDN? ›

SDN is meant to improve the static architecture of traditional networks and may be employed to centralize network intelligence in one network component by disassociating the forwarding process of network packets (data plane) from the routing process (control plane).

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What are the key elements of software defined networking? ›

Components of Software Defining Networking (SDN)

The three main components that make the SDN are: SDN Applications: SDN Applications relay requests or networks through SDN Controller using API. SDN controller: SDN Controller collects network information from hardware and sends this information to applications.

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What are two characteristics of software defined networking SDN? ›

What Is Software-Defined Networking?
  • Software Defined Networking (SDN) is a new technology that makes communication networks farther programmable. ...
  • Per this definition, software defined networking is defined by two characteristics, namely decoupling of control and data planes, and programmability on the control plane.
May 4, 2023

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What are the advantages of SDN security? ›

One of the advantages is the ability to separate the control layer and the data transport layer, increasing flexibility and speeding up the launch time of new applications. Not to mention, SDN has the ability to respond more quickly to problems and disruptions, thereby increasing network availability.

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Will SDN be part of 5G? ›

Researches are currently exploring different ar- chitectures to imply main concepts of this new technology. SDN has been proposed as a promising technique for these networks, which will be a key component in the design of 5G wireless networks.

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Why SDN is important for today's networking? ›

Many of today's services and applications, especially when they involve the cloud, could not function without SDN. SDN allows data to move easily between distributed locations, which is critical for cloud applications. Additionally, SDN supports moving workloads around a network quickly.

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Does networking have a future? ›

Network professionals will continue to see relatively strong demand for their skills in 2024. But many of the choice jobs are likely with vendor companies. Many organizations have a developing interest in network as a service (NaaS), which has steered hiring toward providers.

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Why do we use SDN in networking? ›

Better Network Connectivity: SDN provides very better network connectivity for sales, services, and internal communications. SDN also helps in faster data sharing. Better Deployment of Applications: Deployment of new applications, services, and many business models can be speed up using Software Defined Networking.

Learn More ›
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