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    Software Defined Networking Market extrapolated to gain $28.9 billion by 2023
     



    (I-BusinessNews.Com, May 20, 2020 ) According to new market research report "Software Defined Networking Market by SDN Type (Open SDN, SDN via Overlay, and SDN via API), Component (Solutions and Services), End User (Data Centers, Service Providers, and Enterprises), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the SDN market size expected to grow from USD 8.8 billion in 2018 to USD 28.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.8% during the forecast period.

    The adoption rate of SDN is expected to grow owing to the growing demand for data center services in businesses.

    Browse in-depth TOC on "Software Defined Networking Market”
    175- Tables
    36- Figures
    117- Pages

    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=655

    Among components, the SDN overlay segment to hold the largest market size during the forecast period

    An SDN overlay involves running a logically separate network or network component on top of existing infrastructure. The overlay optimizes network resources by distributing bandwidth into channels and allocating each channel to a particular device or service. In this setup, the current physical network is left untouched with networking devices and their configurations unchanged. On top of that network, SDN hypervisor-based networks are created; thereby, reducing major hardware expenses. The Software Defined Networking via overlay segment is expected to hold the largest market size in 2018 and projected to and expected to witness strong growth characteristics in the coming years.

    Among end users, the data center segment to hold the largest market size during the forecast period

    A modern data center networking leverages the SDN framework to accommodate multiple data center tenants with demanding workloads and applications. Network traffic within data centers is leading to congestions due to high-performance workloads. SDN is quite effective in handling congestion related issues in data centers as it provides global visibility and control over the flows in a network. The data center segment is expected to hold a significant market share during the forecast period owing to the increasing demand for data centers in all growing industry verticals.

    In terms of regions, North America to hold the largest market size during the forecast period

    North America is expected to be the major revenue contributor to the global Software Defined Networking market by region, as the region is a front runner in terms of adopting the latest technologies, such as cloud computing, network functions virtualization, mobility services and bring-your-own-device (BYOD). With the current advancements in fields of 5G and LTE technologies, North America is a huge market for telecom operators for deploying SDN and NFV.

    Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=655

    In the Software Defined Networking Market, the key and emerging players include Arista (US), Big Switch (US), Cisco (US), Ciena (US), Cumulus (US), Dell (US), Extreme Networks (US), Huawei (China), HPE (US), Juniper Networks (US), Nokia (Finland), NEC (Japan), Nokia (Finland), Pluribus (US), and VMware (US).

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

    MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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    Content Source: https://www.marketsandmarkets.com/PressReleases/sdn-market.asp

    MarketsandMarkets™

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    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

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