SDN Analysis

Part
01
of ten
Part
01

Market Size and Growth - SDN Market: Global

The market size of the global SDN market was $8.8 billion in 2018 and the same is expected to grow at a CAGR of 26.8% over the 2018-2023 forecast period. Below we have presented the required details about the size and growth rate of the global SDN market along with other helpful findings.

Global Software Defined Networking (SDN) Market Size & Growth

  • According to a report from 'MarketsandMarkets', the market size of the global SDN market was $8.8 billion in 2018 and is expected to reach $28.9 billion by 2023.
  • In addendum, the global SDN market is expected to grow at a CAGR of 26.8% over the 2018-2023 forecast period.
  • Based on the above report, the 2019 market size of the global SDN market can be estimated to be ~$11.2 billion (please refer to the 'Calculations' section).

Other Helpful Findings

  • Enterprises, telecommunication service providers, and cloud service providers are the key end-user segments in the global SDN market. Enterprises are dominating the end-use landscape in the global SDN market with a revenue share of over 45% in 2018.
  • Some key players operating in the global SDN market include Cisco (US), NEC (Japan), Nokia (Finland), VMWARE (US), HUAWEI (China), Extreme Networks (US), Ciena (US), HPE (US), Juniper Networks (US), Big Switch (US), Pluribus (US), Cumulus (US), Arista (US), and Dell (US).
  • North America, Europe, and the APAC region are expected to be the key geographical markets for the growth of the global SDN industry. North America is expected to hold the largest market size during the forecast period (2018-2023).
  • The increasing demand for network virtualization and automation and the need for advanced network management systems to handle increased network traffic are expected to be the key market drivers for the growth of the global SDN industry.

Calculations

Global SDN Market Size in 2018=$8.8 billion
Global SDN Market CAGR (2018-2023)=26.8%
Global SDN Market Size in 2019= 8.8*1.268=~$11.2 billion
Part
02
of ten
Part
02

Market Size and Growth - SDN Market: North America

The market size of the Software-defined networking (SDN) technology in North America in 2018 was $3.6 billion. The market is expected to grow at a CAGR of 42.94% during the period 2018-2023.

Market Size

  • According to Data Bridge, Global SDN market value in 2018 was $8.9 billion. Global Market Insights reports that around 40% of the global sales come from North America. In addition, on trade press states that North America was leading the Global SDN market in 2018 with over 35% share. Based on these statistics, the estimate North American market size of SDN was approximately $3.6 billion in 2018.
  • North America is the leader in the SDN market. The region has an innovative networking infrastructure that allows the development of vanguard networking technologies. In addition, US and Canada host some of the most important technology businesses of the sector.
  • North America had the biggest market share in 2018 because of the higher demand globally for bandwidth requirements, a category in which North American companies specialize. Moreover, the launch of 5G-enabled Internet of Things services really helped the region to keep its leading market share in Global SDN market.


Growth Rate

  • According to Market Research Future, the North America SDN market will experience a CAGR of 42.94%, during the period 2018-2023. Based on this information, the North America SDN market will reach $21.45 billion by 2023.
  • According to Technavio, it is estimated that North America's overall growth will be smaller comparing to other regions until 2023, but still North America will remain the market leader by the end of the forecast period.


Research Strategy

Using the global SDN market data published by Data Bridge and Global Market Insights, we were able to find the market size of North American region for 2018 (40/100 x $8.9 billion). However, we were not able to find any information for 2019. To calculate the market size for 2023, we used the calculated data for 2018 and the projected CAGR (42.94% for the period 2018-2023).
Part
03
of ten
Part
03

Market Size and Growth - SDN Market: EU

The market size of the SDN industry in the EU (European Union) market is estimated to be about $1.04 billion in 2020. The industry is forecast to grow at a CAGR of over 40% from 2020 to 2025.

Market Size

  • The current market size of the European SDN industry is estimated to be approximately $1.04 billion.
  • Historically, the European software defined networking (SDN) market grew from $39.4 million in 2013 to $742.4 million in 2019.

Growth Rate

  • According to Markets and Markets, the EU market is predicted to grow at a CAGR of over 40% from 2020 to 2025.
  • Historically, the European software defined networking (SDN) market grew at a CAGR of 64.6% from 2013 to 2019.

Drivers

Research Strategy

While the current market size of the SDN industry in the EU (European Union) market could not be located in the public domain (the information is behind a paywall) after an extensive search through multiple, credible sources such as Markets and Markets, Grand View Research, Business Wire, Business Insider, and PR Newswire, we went ahead to triangulate a proxy for the current size of the industry using the publicly available data points like the projected growth rate of the industry and the industry size as of 2019 as outlined below:
The current (2020) market size of the EU SDN industry is estimated to be about $1.04 billion using an online Omni calculator, 40% as the CAGR from 2019 to 2020, $742.4 million (2019) as the initial value, and one year as the number of periods. The screenshot of the result is presented in the attached Google document.
Part
04
of ten
Part
04

Market Size and Growth - SDN Market: Asia

Sources with information detailing the market sizes of the SDN market split are often split into specific regions, including North America, Europe, the Middle East & Africa, Latin America, and Asia-Pacific. As such, it is logical to analyze this market using the same regions. The main countries in the Asia-Pacific region are China, India, Japan, South Korea, and Australia. As such, these are deemed a reasonable representation of the Asian market when limited information is available. Hence, the market size of the Asian SDN market amounts to $3.22 billion, as of 2018, while it is anticipated to grow at a CAGR of about 40% from 2019-2025.

Market Size and the Growth Rate of the Asia-Pacific Market

  • The SDN market is considered to be part of the Software-Defined Data Center Market, in which the Asia-Pacific region is expected to be the fastest-growing compared to other regions between 2019 and 2025. This is due to the increased adoption of cloud computing and 5G technologies.
  • Although cloud service providers comprise over 35% of the market, 5G technology is expected to be a significant driver of growth. China, in particular, is expected to make heavy investments in the market. Approximately 90% of the $180 billion being spent by Chinese mobile operators on network capital expenditures ($162 billion) will go towards 5G networks.
  • Additionally, India expects to roll out state-of-the-art 5G technologies by 2024.
  • The Asia Pacific SDN market is anticipated to grow at a CAGR of over 40% during the projected time span (2019-2025).
  • The Asia-Pacific market is the second-largest region in the global SDN market for data centers. In 2018, the Asia-Pacific market was worth just under $1 billion ($0.98 billion), thus holding a 36.7% share of the market. Only the $1.04 billion North American market had a larger share (38.95%).
  • If these market shares are used as a proxy for the entire SDN market, the value of the Asia-Pacific market would be $3.22 billion in 2018 (36.7% of $8.8 billion) and the North American market would be $3.43 billion (38.95% of $8.8 billion). This is relatively consistent with other findings, which approximated the US market to be 40% of the global market and worth $3.52 billion.
  • Considering the proximity of these values of the sizes of the North American and the Asia-Pacific markets, combined with the fact that the Asia-Pacific market is considered the fastest-growing segment, it is likely that the Asia-Pacific has overtaken or will overtake the North American market in the near future.

Research Strategy

While direct numbers regarding regional sizes and growth rates were unavailable, research clearly reveals an above-average growth rate for the Asia-Pacific region, driven by Chinese and Indian investments. Earlier findings suggested a global average CAGR of 26.8% (2019-2025). As such, a CAGR of 40% (2019-2025), which is cited by multiple sources as extracted from a GMI report, was regarded as a reasonable estimate of the actual growth rate in the Asia-Pacific market, considering a separate source mentioned a CAGR of 53.2% (2016-2022).

The size of the market was estimated from the market distribution of the SDN for data centers market. The SDN market for data centers was considered a reasonable approximation not only due to prior research showing the North American market holds 40% of the global market. It was also due to secondary sources comparing the sizes of the North American and Asia-Pacific markets. For example, while Statista may not be a primary source, their estimates of the network function virtualization (NFV) and software-defined networking (SDN) global markets (2015-2019) show the two regions are of comparable sizes as shown in the SDN for data centers market segmentation.
Part
05
of ten
Part
05

Market Size and Growth - SDN Market: US

The Software-defined Networking (SDN) market size in the United States is $5.66 billion in 2020. Market growth in the United States is estimated at a 26.85% CAGR through 2023. The North American region dominates the market share, accounting for 40% of the global size.

Market Size

  • According to MarketsandMarkets, the global SDN market size in 2018 was $8.8 billion. Of this total, North America accounts for approximately 40% of the market share.
  • According to these reports, the estimated SDN market size in the United States in 2018 was 3.52 billion.
  • If the estimated compound annual growth rate (CAGR) of 26.85% holds true, then the market size for the United States is $4.47 million in 2019 and $5.66 billion in 2020.

Growth Rate

  • The estimated global growth rate for the 2018-2023 period is 26.85%.
  • Considering this CAGR, the estimated SDN market size in the United States would be $11.56 billion in 2023.

Additional Information

  • The growth seen in the North American market is attributed to an increasing digitization in the region. In addition, the customers expect a decrease in response time, which could be one of the drivers of this growth as well.
  • The investments made by the telecommunication industry are also drivers of the large market share of this region. One example of this is the company AT&T, which has made investments of approximately $200 million in SDN technology.
  • Some major vendors of SDN technology in the region are Cisco, VMWare, Ciena, Dell, and Pluribus.

Research Strategy

After an in-depth research of available statistics and market studies regarding SDN market size in the United States, this information could only be found behind paywalls. However, we found the global SDN market size estimated for 2018. Furthermore, numerous market analysis place the SDN market share of North America at 35-40%. Therefore, we assumed this percentage as the market size for our calculations. Based on this, if the global SDN market size in 2018 was $8.8 billion, the market size for the United States was calculated at 3.52 billion. To obtain the current SDN market size in the region, we used the CAGR, estimated at 26.85%, for our calculations. A degree of overestimation must be acknowledged considering these statistics include the entire North American region.


Part
06
of ten
Part
06

Insights and Trends - SDN Market: Global

Three trends in the Global SDN Market are digital business transformation, integration of SD-WAN technology and sustainability.

1. Digital Transformation (DX)

  • The trend for businesses to transform the way they operate today is highly dependent on their network due to the requirement of operating in the 3rd platform which consists of mobile customers, the cloud, social networks and utilizing big data analytics to maximize profitability and stay competitive in this new digital world, IE: Digital Transformation (DX).
  • DX is a trend with businesses today because it gives them a competitive advantage to acquiring or retaining customers and employees in 2020. They need to be more competitive on a digital basis because consumers expect to have things immediately and in a secure manner. Companies also need to be nimble in this day and age of instant information to capitalize and be innovative with trends, big data and the needs of their clients.
  • Andrew Morawski, Senior Vice President of Oracle Communications recently discussed the role of SDN in DX. "With SDN, companies have the chance to offer the type of customer-focused digital experience (DX) typical of webscale players, as well as the agility and flexibility to more rapidly adjust to changing business models. They also get self-configuration and self-healing capabilities so that networks can instantly respond to load and network conditions. That is very important in a right-now world in which networks are “mission-critical” to the apps, security and overall business demand of employees, partners and customers." Further, "The ability for networks to be self-driving and self-healing will be increasingly crucial, especially as organizations virtualize network functions and push the limits of their enterprise edges."
  • Per IDC's InfoBrief April 2019, the impact of DX on the enterprise network is not possible with existing network capabilities. SDN and VNS are vital to multi-cloud adoption to support their customer AND their mobile workforce.

2. SD-WAN Trend

  • SD-WAN offers enterprises to offload the management of their network infrastructure at scale and at a lower cost. These shifts in pricing, features and increases in management flexibility.
  • SD-WAN will offer a once very complicated management system with expensive hardware, the ability to expand at scale with software that manages the network traffic more efficiently and remove the burden of hardware. This will lower the cost of increased bandwidth, give full visibility of the network at ease and give enterprises more options to build out their network all the while SD-WAN is just an extension of SDN.
  • Industry expert, Mike Wilkinson, Chief Product Officer at Infovista, discussed how right now we are dealing with SD-WAN 2.0. At first the technology was focused on reducing network costs and today it is evolving into network management. As applications grow, SD-WAN can achieve more efficient performance across the companies' network and business. Everything is moving to the cloud and as we experience a digital transformation, the interactions with customers are performed at a higher quality and hence result in better customer satisfaction and profitability.
  • CRN asked Drew Lydecker why he thought SD-WAN is still such a hot technology? What is driving that? Drew said, "Fifty percent of Wide Area Networking technology today is going to the cloud. That means it’s not going to any of your locations. It’s going to somebody else’s location who is in charge of that particular workload or application. SD-WAN gives you the ability to control that, to prioritize that, to do things you’d never be able to do with just standard routers. And so to me, if you look at Cisco’s acquisition of Viptela, if you look at VMware getting into this, and now Oracle, the cloud is really pushing all of this."

3. Sustainability Trend

  • Sustainability or FSC, Future Sustainablitiy Computing, is the concept of utilizing SDN to better integrate networks, servers and security teams so businesses can design and manage their networks for an abundant life with security threats being the main focus.
  • Encryption, Ransomware, DDoS attacks, and Cloud Security are the main threats to business networks presently.
  • Cornell University and the Faculty of Technology at Gazi University, produced articles based around DDoS attacks and the advantages, management and scaleability SDN offers to networks. Their research suggests ways to combat DDoS attacks while consuming less computational resources and does not require special equipment; therefore supporting SDN as a sustainable and much more affordable networking technology.
  • Ruba Borno PhD, Vice President Cisco Growth Initiatives explained the only way for future growth in the new digital world is through the next-generation of secure networks. "Security is no longer static, and securing all the organization’s access points is no simple task. IoT, mobile workforce, cloud applications and increased sophistication of attackers and attack methods require better preparation. Organizations need to fundamentally change how they build, manage and secure networks."
Part
07
of ten
Part
07

Growth Drivers - SDN Market: Global

Adoption of cloud-based infrastructures and the benefits of software-defined networking (SDN) are the leading growth drivers in the SDN industry. Cloud-based services, along with the benefits of SDN, are paving the future for organizations in managing their networks in a faster and easier way than ever before.

Adoption of Cloud-Based Infrastructure

  • Cloud services refer to a cloud-based infrastructure that is used by companies for storing, networking, computing.
  • Cloud services are used for design, networking monitoring, security, and optimization by both individuals and companies. These cloud-based infrastructures are complementary to SDN's and the network management system.
  • Cloud Technology Partners, a thought leader, published a blog article on pairing SDN and cloud services to get the most out of network management. CTP quoted that they felt combining SDN and cloud services is a "solid win for enterprises."

Benefits of SDN

  • Benefits of SDN include lower operation costs, cloud services, centralized network management, holistic enterprise management, automated network trafficking, and more.
  • The benefits of SDN are a vital weight and growth driver of the SDN industry because without the benefits, then there is no leverage into switching from the traditional method of network management. That is why we chose this growth driver.
  • Netfast, a thought leader, published a blog article listing the many benefits of SDN and how it can help simplify and control the management of enterprises more easily.

Research Strategy

To locate growth drivers for Software-defined networking (SDN), we used related search terms and isolated it down to the two that we could find the most information about. Once we were able to locate the growth drivers, we researched each individually, gaining more information and data on why these were the most significant drivers in the SDN industries and how they will continue to help SDN in its future growth.
Part
08
of ten
Part
08

Challenges and/or Unmet Needs - SDN Market: Global

Software-defined Networking (SDN) is a category of technologies that separate the network control plane from the forwarding plane to enable automated provisioning and policy-based management of network resources. Some key challenges/unmet needs in this space are end-end network visibility, security and a shortage of adequately trained, skilled professionals.

End-end network visibility

  • A key challenge facing enterprises trying to move to SDN technology for its cost-effectiveness, high performance and security is ensuring continuous, end-end network visibility. Lack of seamless real-time visibility makes it difficult (if not impossible) to assure applications, optimize performance, or secure the infrastructure.
  • According to the 2018 Cloud Security Report published by Cybersecurity Insiders, "As more workloads move to the cloud, cybersecurity professionals are realizing how complicated it is to protect these workloads. The top three security control challenges are visibility into infrastructure security (43 percent), compliance (38 percent), and setting consistent security policies across cloud and on-premises environments (35 percent)."
  • Bob Noel, Director of Strategic Partnerships at Plixer, a provider of SD-WAN solutions, and an industry veteran with over 20 years experience in networking and security notes in a blog article on the Plixer website that end-end network visibility in SD-WANs is both critical and challenging, and talks about how Plixer products are being developed/positioned to meet this need.

Security

  • 74% of executives surveyed in Avant's SD-WAN report expressed fears that a cyber-attack would cost them their job, and fewer than half believed their companies were prepared to combat such an attack.
  • Current SD-WAN service models contain basic security flaws that threaten to compromise adoption since it is challenging for providers to offer a trustworthy "blended" network across public internet and cloud services without deploying (potentially costly) infrastructure at every gateway and network ingress point.
  • Enterprises with completed SD-WAN implementations are 1.3 times more likely to experience a branch office security breach than those without one, according to Shamus McGillicuddy, Research Director at Enterprise Management Associates, a leading industry analyst and consulting firm that specializes in going “beyond the surface” to provide deep insight across the full spectrum of IT and data management technologies.

Shortage of skilled personnel

  • “There is a clear lack of knowledge in the industry as a whole,” according to an unnamed business unit head of a global enterprise technology firm as cited in the 2017 Cartesian Future of Networks report.
  • "Virtualization and cloud network functions require new skills which, according to our interviews, are in short supply", says another quote from the same report alluding to the shortage of personnel.
  • 76% of executives surveyed in the 2017 Cartesian Future of Networks report opined that operators should use vendors and managed services to bridge the skills gap acknowledging how significant this problem is.
Part
09
of ten
Part
09

Key Players - SDN Market: Global

Nine key players in the SDN market globally based on market share of the SD-WAN market are VMWare, Cisco, Aryaka, Silver Peak, Huawei, Nuage Networks, Fortinet, Versa Networks, and Cisco. All companies were verified to also be in the SDN market as well as the SD-WAN market.

VMWare

  • The website for VMWare can be found here.
  • VMWare is a key player in the SDN market because as of the first quarter of 2019, it had a 20.3% market share of the SD-WAN market, the most of any company.
  • VMWare is headquartered in Palo Alto, California, United States and has offices in Europe, Asia Pacific, Latin America, and the Middle East.

Cisco

  • The website for Cisco can be found here.
  • Cisco is a key player in the SDN market because as of the first quarter of 2019, it had a 13.1% market share of the SD-WAN market.
  • Cisco is headquartered in San Jose, California, United States and has offices in Canada, Europe, Africa, Asia Pacific, Latin America, and the Middle East.

Aryaka

  • The website for Aryaka can be found here.
  • Aryaka is a key player in the SDN market because as of the first quarter of 2019, it had an 11.6% market share of the SD-WAN market.
  • Aryaka is headquartered in San Mateo, California, United States and has offices in India, China, the United Kingdom, and Singapore.

Silver Peak

  • The website for Silver Peak can be found here.
  • Silver Peak is a key player in the SDN market because as of the first quarter of 2019, it had an 8.7% market share of the SD-WAN market.
  • Silver Peak is headquartered in Santa Clara, California, United States and has offices Singapore, Australia, Japan, the United Kingdom, France, and Hong Kong.

Huawei

  • The website for Huawei can be found here.
  • Huawei is a key player in the SDN market because as of the first quarter of 2019, it had a 5.9% market share of the SD-WAN market.
  • Huawei is headquartered in Shenzhen, China, but operates in more than 170 countries worldwide.

Nuage Networks

  • The website for Nuage Networks can be found here.
  • Nuage Networks is a key player in the SDN market because as of the first quarter of 2019, it had a 5.4% market share of the SD-WAN market.
  • Nuage Networks is headquartered in Sunnyvale, California, United States and does not currently have any other offices.

Fortinet

  • The website for Fortinet can be found here.
  • Fortinet is a key player in the SDN market because as of the first quarter of 2019, it had a 3.8% market share of the SD-WAN market.
  • Fortinet is headquartered in Sunnyvale, California, United States and has offices in Canada, South America, Europe, the Middle East, and Asia Pacific.

Versa Networks

  • The website for Versa Networks can be found here.
  • Versa Networks is a key player in the SDN market because as of the first quarter of 2019, it had a 3.4% market share of the SD-WAN market.
  • Versa Networks is headquartered in San Jose, California, United States and it has another office in India.

Citrix

  • The website for Citrix can be found here.
  • Citrix is a key player in the SDN market because as of the first quarter of 2019, it had a 3.3% market share of the SD-WAN market.
  • Citrix is headquartered in Fort Lauderdale, Florida, United States and it has offices in Switzerland, Singapore, Japan, and India.
Part
10
of ten
Part
10

SDWAN & the SDN Market

Better network management, increased SDN adoption, and cost reduction are some insights into how SD-WAN plays into the SDN space.

BETTER NETWORK MANAGEMENT

  • As network owners are increasingly adopting software-defined networking (SDN) as part of their network toolbox, much of the early interest was placed on software-defined wide area networks (SD-WANs).
  • The latter utilizes SDN when automating and prioritizing traffic routing between enterprise sites and data centers. It does the same either by "creating a transport-agnostic virtual overlay that sits on top of the user’s preferred network infrastructure, or running as an 'as-a-service' option."
  • However, this wide area network (WAN) approach to the use of SDN is widely appreciated because most times, it makes network management more effortless.
  • For example, HMSHost contracted Aryaka’s managed SD-WAN service to obtain "last mile management and low-latency guarantees."
  • SD-WAN provides companies with the option of aggregating multiple network connections such as MPLS, 4G LTE, and DSL while simplifying the way larger companies turn up new links to their branch offices in other locations. As such, it helps to manage link utilization better.

INCREASED SDN ADOPTION

  • The increasing utilization of SD-WAN by key players in the network enterprise/cloud computing space spells a rising adoption of SDN soon, as SD-WAN is essentially a spin-off from SDN. Players such as "Cisco, VMware, Silver Peak, Riverbed, Aryaka, Fortinet, Nokia, and Versa" are among many others that are on top of the SD-WAN setup trend.
  • According to the International Data Corporation (IDC), the SD-WAN infrastructure market is projected to reach $4.5 billion by 2022. In terms of technology and service sales, the SD-WAN space is predicted to amount to $6 billion by 2020 at a CAGR of 90%.
  • SD-WAN traffic is also expected to grow fivefold in the five years from 2017-2022 at a CAGR of 37%.
  • At the current rate of adoption of the SD-WAN, experts are projecting a significant shift by enterprises to the SDN space soon.

COST REDUCTION

  • In addition to being derived from SDN, SD-WAN uses SDN to "send data over vast geographic distances, direct traffic, and improve connectivity."
  • In doing so, SD-WAN replaces the reliance on the more expensive multiprotocol label switching (MPLS) circuits, thus providing a cheaper solution. To do the same, SD-WAN sends lower priority, less-sensitive data over the internet circuits.
  • The network architect of a significant apparel retail chain of over 1,300 stores stated that the company utilizes SD-WAN over MPLS for cost savings.
  • It has also been shown to provide up to a 30% reduction in client costs compared to other WAN services. Its cost reduction is thus one reason why many companies are clamoring for SDN.
Sources
Sources

From Part 02
Quotes
  • "The regional evaluation of the SDN Market comprises of regions such as Latin America, Asia Pacific, North America, the Middle East, Africa, and Europe. The North American region is leading the software defined networking market globally. The nations of Canada and the US are home to a few of the prominent technology businesses, which puts the North American region in a certain competitive advantage. Furthermore, the presence of an innovative networking infrastructure permits a seamless execution of cutting-edge networking technologies. The factors such as extensive investment in R&D and the incidence of a vast IT and communication sector are sustaining the development of the market in the North American region. The North American regional market is estimated to reach a valuation of 24,800 Mn."
Quotes
  • "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."
Quotes
  • "North America leads the market share mainly due to the advancements in technology and its adoption. North America carrier SDN market is expected to reach $3,337.2 million by 2023, growing at a CAGR of 40.1% during the forecast period 2017–2023"
Quotes
  • "North America accounted for the largest software defined networking market share in 2018 because of the increasing demand for bandwidth requirements and cloud solutions and the launch of 5G-enabled IoT services. North America's contribution to the growth of the software defined networking market size will decrease, but it will remain the market leader throughout the forecast period."
Quotes
  • "The North American software-defined networking (SDN) market should grow from $2.5 billion in 2018 to $21.1 billion by 2023 at a compound annual growth rate (CAGR) of 52.9% from 2018 to 2023."
Quotes
  • "North America leads the market share mainly due to the advancements in technology and its adoption. North America carrier SDN market is expected to reach $3,337.2 million by 2023, growing at a CAGR of 40.1% during the forecast period 2017–2023."
Quotes
  • "Global Market size in 2018 was $8bn. North America has more than 40%"
Quotes
  • "The North American region led the software-defined networking market in 2018, followed by APAC, Europe, South America, and MEA respectively. The growth of the software-defined networking market in North America can be attributed to factors such as the increasing demand for 5G-enabled Internet of things (IoT) and the growing demand for high connectivity with low latency from industries such as content and digital media, and BFSI"
Quotes
  • "Geographically, North America is the largest SDN market due to earlier advancements in the technology of this segment. Furthermore, increasing adoption of SDN technology by various large enterprises for enhancing the efficiency and flexibility of its business operations is the key factor pertaining towards the growth of the SDN market in this region."
Quotes
  • "North America is leading the SDN market with over 35% share in 2018 due to the proliferation of several mobility solutions and advancements in the connectivity infrastructure."
Quotes
  • "Global SDN Market is expected to rise from its initial estimated value of USD 8.92 billion in 2018 to an estimated value of USD 67.98 billion by 2026, registering a CAGR of 28.90% in the forecast period of 2019-2026"
Quotes
  • "North America is stood at a valuation of USD 2,959.4 Mn and further, it is projected to exhibit a CAGR of 42.94% during the estimated period."
From Part 03
Quotes
  • "The European software defined networking market is estimated to grow from $39.4 million in 2013 to $742.4 million by 2019, at a CAGR of 64.6%, for the given period. The market is primarily driven by the need of the data centers to resolve traffic patterns, and for the enterprise software market to grow."