North America is leading the Software Defined Networking Market with over 35% share in 2018 due to the proliferation of several mobility solutions and advancements in the connectivity infrastructure. Telecom providers, such as AT&T, Verizon, and Spirit, have invested heavily in next-generation networking solutions to augment their infrastructures capabilities. The Asia Pacific market is expected to grow at a CAGR of over 42% during the forecast timespan due to the widespread use of network virtualization and cloud computing solutions. The emergence of 5G technology and the extensive use of IoT devices across various industry sectors is further supplementing Software Defined Networking Market growth in the region.
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The software defined networking technology supports active network movement, replication and allocation of virtual resources, driving Software Defined Networking Market outlook. The rising pressure for organizations across the globe to become more efficient along with reducing capital expenditure and operational costs is resulting in widespread adoption of software defined networking technologies. This has brought a fundamental shift in the way organizations are developing their computing infrastructure.
The telecommunication sector is probably embarking on a transformational shift in recent years. Software Defined Networking market is deemed to be a major stipendiary of this transition. Telecommunication networks, apparently, have migrated from traditional hardware and appliance centric deployment to cloud based model, with software playing a pivotal role in network functionality. The increasing popularity of Software Defined Networking Market can be majorly attributed to this fundamental aspect.
The physical infrastructure market accounted for a share of over 50% in 2018 due to its capability to control and orchestrate data flow between numerous network elements. The SDN controller market is anticipated to register a growth rate of over 41% owing to technological advancements in the orchestration & management layer and northbound & southbound interfaces. The professional services market is expected to dominate the Software Defined Networking Market with a revenue share of over 70% due to the ease of deployment and integration of solutions among telecom operators, cloud service providers, and enterprises.
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Speaking of its commercialization potential at the global scale, overall SDN industry size is forecast to exceed a valuation of USD 100 billion by 2025. With incessant efforts undertaken by the tech giants to unlock software-based technology potentialities in telecommunication industry, which has, of late, become more insight driven, Software Defined Networking Market demand is claimed to be on a robust incline. In fact, looking at the pace of advancements and expansion in its application spectrum, this particular business vertical is deemed to be one of the most fascinating spheres to watch unfold, claim analysts.
Some Points From Table Of Content: –
Chapter 6.Global Software Defined Networking Industry, By End-Use
6.1.Key trends, by end-use
6.2.1. Market estimates and forecast, 2014 – 2025
22.214.171.124.Market estimates and forecast, 2014 – 2025
6.2.3. Consumer goods & retail
126.96.36.199.Market estimates and forecast, 2014 – 2025
6.2.4. Government & defense
188.8.131.52.Market estimates and forecast, 2014 – 2025
184.108.40.206.Market estimates and forecast, 2014 – 2025
220.127.116.11.Market estimates and forecast, 2014 – 2025
6.2.7. IT enabled services
18.104.22.168.Market estimates and forecast, 2014 – 2025
22.214.171.124.Market estimates and forecast, 2014 – 2025
6.3.Telecom service provider
6.3.1. Market estimates and forecast, 2014 – 2025
6.4.Cloud service provider
6.4.1. Market estimates and forecast, 2014 – 2025
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