The Software-Defined Networking Market size is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The growing competition across the globe has accelerated the adoption of cost-effective measures to restructure business models. By reducing the need for expensive hardware and decreasing the human resource cost involved in the management of the network, network virtualization and automation can, in turn, reduce the network cost for enterprises.
The Hybrid SDN segment is expected to grow at the highest CAGR during the forecast period.
The major market driver for hybrid SDN is its ability to facilitate a smooth transition and compatibility with existing infrastructures. Hybrid SDN solutions allow businesses to integrate SDN capabilities into their legacy systems seamlessly. This compatibility ensures that businesses can leverage the benefits of SDN without disrupting their current operations, making it a preferred choice for industries where a gradual migration and coexistence of traditional and software-defined networking environments are essential.
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The cloud service providers segment is expected to grow at the highest CAGR during the forecast period.
Cloud service providers require networks that can scale rapidly to accommodate varying workloads and user demands. SDN’s ability to automate scaling processes and efficiently allocate resources aligns with the dynamic nature of cloud environments. Cloud service providers operate vast data centers that host a myriad of applications, services, and content for businesses and consumers worldwide. SDN plays a pivotal role in these environments by enabling automated network provisioning, efficient traffic management, and seamless scalability.
Unique Features in the Software-Defined Networking Market
Through the use of a software-based controller, SDN centralises network control and makes programmable resource management possible. Network administration is made easier and agility is improved by this centralised control.
Through open APIs, SDN makes network devices programmable and automates jobs. This speeds up network modifications and minimises manual involvement by enabling dynamic configuration and adaptability.
SDN divides decision-making in the control plane from traffic forwarding in the data plane. Because of this separation, management and scalability are made easier, and policies can be implemented without affecting the underlying infrastructure.
By enabling real-time changes to network configurations, SDN makes dynamic traffic management easier. Optimising network speed, load balancing, and adapting to shifting traffic patterns are three areas where this is especially helpful.
The hardware and software solutions from various suppliers can work together thanks to SDN’s reliance on open standards. Because of its openness, network components of different kinds can be integrated and vendor lock-in is prevented.
Network resource prioritisation and optimisation based on application requirements are made possible by SDN’s dynamic Quality of Service (QoS) management. Better performance is guaranteed for vital applications as a result.
Major Highlights of the Software-Defined Networking Market
Because more and more sectors need networking solutions that are more programmable, scalable, and adaptable, the SDN industry has grown significantly.
The capacity to programme network infrastructure and the centralised management of networks via SDN controllers continued to be important features. The capacity to dynamically configure and manage network resources was adopted by organisations.
Cloud environments and SDN technologies have continued to connect smoothly. This helped enable multi-cloud and hybrid cloud strategies by making networking resource deployment and administration easier in cloud environments.
Important highlights included network virtualization and the capacity to build several virtual networks on a single physical infrastructure. SDN enabled isolation and effective use of resources for multi-tenancy.
SDN solutions with an emphasis on fine-grained policy controls and dynamic threat response were designed to improve security measures. SDN’s programmable nature made adaptive security measures possible.
Top Key Companies in the Software-Defined Networking Market
The major vendors covered in the SDN market include Cisco (US), Huawei (China), VMWare (US), Dell EMC (US), Juniper Networks (US), IBM (US), Ericsson (Sweden), Ciena (US), HPE (US), Nokia (Finland), Arista Networks (US), Extreme Networks (US), Comcast (US), Citrix (US), NEC (Japan), Oracle (US), Palo Alto Networks (US), NVIDIA (US), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lenovo (Hong Kong), Pica8 (US), Scale Computing (US), Canopus Networks (Australia), Zeetta Networks (UK), Trustgrid (US), and COSGrid Networks (India). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches to expand their presence in the SDN market.
Cisco is a publicly held company that designs, manufactures, and sells IP-based networking and other products related to the communications and IT industry. Its products and technologies are grouped into four categories: Infrastructure Platforms, Applications, Security, and Other Products. The company also offers a broad range of service offerings, including technical support services and advanced services.
Cisco provides its well-acclaimed SDN product, the open SDN controller, which is an open-source software that is advancing through the latest innovation. It also offers Cisco Application Centric Interface (ACI), a comprehensive SDN architecture offering multiple benefits, such as greater scalability and network visibility. The company’s services help organizations effectively migrate, adopt, deploy, and securely manage intent-based networking using SD-WAN. Cisco Software-Defined Access (SD-Access) offers organizations a single network fabric from the edge to the cloud, enabling them to set policy-based automation for users, devices, and things. It gives network architects and administrators the tools to orchestrate key business functions, such as user mobility, secure segmentation, user onboarding, IoT integration, guest access, context-based troubleshooting, and data center and cloud integration. Cisco ACI, the industry leading SDN solution, provides application agility and data center automation.
Huawei is a provider of ICT infrastructure and smart devices. In the SDN market, its product offerings include Huawei Cloud Fabric 5.0, which helps in building simple, elastic, and open data center networks. Its featured product, Agile Controller-Campus, is deployable in various innovative solutions – Automatic Network Deployment and Software-Defined Wide Area Network (SD-WAN). The company offers various data center network solutions: CloudFabric Data Center Network Solution, AI Fabric Intelligent and Lossless Data Center Network, Cloud Data Center Interconnect (DCI), and Cloud Data Center Security. Its CloudFabric data center network solution uses the SDN technology that enables enterprises to accelerate business digital transformation via building simple, open, and elastic cloud data center networks.
The company caters to customers in more than 170 countries and has a strong presence in China, Europe, the Americas, and Asia Pacific. The company caters to various verticals, including telecom, public safety, government, transport, power grid, finance, media and entertainment, healthcare, oil and gas, manufacturing, retail, and hospitality.
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