Latest News- Software-Defined Networking (SDN) Market: BFSI is expected to lead the End-user segment during 2024-2028

The Software-Defined Networking (SDN) Market is being driven by High demand for cloud solutions adoption by enterprises

The Software-Defined Networking (SDN) Market is expected to grow at a CAGR of 29.04% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 67378.74 million. In today's business landscape, the Internet of Things (IoT) and edge computing are driving the need for more efficient network resource utilization. IoT applications, such as connected cars, smart homes, and smart cities, necessitate low latency and high bandwidth to function optimally. The massive data generated by these applications exceeds the capacity of traditional networks. Software-Defined Networking (SDN) offers a solution by enabling network control through software, providing dynamic resource allocation, a centralized view of forwarding devices, and improved network management. With the escalating demand for IoT solutions and the increasing global reach of enterprises, the SDN market is experiencing significant growth. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • BFSI
  • Healthcare
  • Retail
  • Education
  • Others
• Component
  • Physical network infrastructure
  • SDN applications
  • Controller software
• Geography
  • North America
    • US
  • APAC
    • Australia
    • China
    • Japan
  • Europe
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High demand for cloud solutions adoption by enterprises
• Increasing demand from enterprises for data center modernization
• Increasing number of data center investments

However, the market also witnesses some limitations, which are as follows:

• Network design challenges in SDN technology
• Security challenges and increasing threat landscape
• Interoperability issues with legacy network infrastructure

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Market Scope in Software-Defined Networking (SDN) Market Research Report

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Research Analysis Overview

Software-Defined Networking (SDN) is revolutionizing the way enterprises manage their agile networks by enabling centralized control and collaboration between network elements. With SDN, network administrators can respond quickly to changing business needs, optimize network performance, and ensure reliability. However, as the Enterprises segment adopts SDN, there are concerns around network redundancy, latency, and network bandwidth, especially in the context of the 5G ecosystem. Intelligent network architecture and SDN for 5G are key areas of focus, as they offer advanced security technologies to mitigate emerging threats. SDN security includes continuous monitoring, encryption protocols, and authentication mechanisms to protect network resources from disruptions caused by malicious activities, system failures, and targeted attacks. Control plane failures and unauthorized access are significant concerns, and SDN architectures provide control functions to mitigate these risks. As the SDN market continues to grow, organizations must prioritize network management and ensure that their SDN implementations are secure and reliable. The future of SDN lies in its ability to adapt to the evolving threat landscape and provide advanced security technologies to protect against new and emerging threats.

Market Research Overview

According to Technavio, the Software-Defined Networking (SDN) market is a significant segment of the broader global Internet services and infrastructure market, which is itself a component of the larger IT services market. This expansive IT services sector encompasses organizations offering IT consulting and integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. The Internet services and infrastructure market specifically focuses on companies providing essential services and infrastructure for the Internet industry, such as data centers, cloud networking and storage infrastructure, and hosting services. Additionally, this market incorporates IT security and cloud computing services, yet excludes software product providers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/