Overview
 The software-defined networking (SDN) market is anticipated to witness healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 42.41%, the market is projected to reach US$59 billion by 2023. Increase in investments in software-defined networking is expected to support the market growth along with network virtualization decreasing capital expenditure. As predicted by analysts, concerns regarding safety and security will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by the growing urbanization and high demand across industry verticals. The growing threat from cyber-attacks on the other hand will challenge network management sector based organizations functioning in the global software-defined networking (SDN) market. Analysts have split the market into end-user, application, component, organization size, and solution segments based on products and services. Network management based companies have been profiled.
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The increasing demand for highly skilled professionals is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of network management segment based organizations to help new entrants and established businesses. The network management sector itself is supported by increasing awareness levels as well as consumers aiming for more convenience. During the forecast period 2018 to 2023, the software-defined networking (SDN) market is set to witness a health growth across end-user, application, component, organization size, and solution segments as well as regional markets.
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Market Segmentation
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The network management sector has seen growth across end-user, application, component, organization size, and solution segments owing to the presence of untapped market opportunities and the changing social behaviour. To study the market, analysts have further segmented end-user, application, component, organization size, and solution into SMEs and large enterprises on the basis of organization size. The market is further segmented into the component sub segment which is split into hardware components, services, and software. Additionally, the software-defined networking (SDN) market on the basis of application is segmented into SD-WAN, SD-LAN, security applications, and others. The market is further segmented into solution sub segment which is split into physical network infrastructure solution, network virtualization, and automation solution. Additionally, the software-defined networking (SDN) market on the basis of end-user is segmented into retail, IT & telecommunication, healthcare, BFSI, industrial, government, and others.
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The segmental analysis presented in the report provides network management field based organizations insights into key growth factors such as the growing application areas as well as challenges such as the lack of investments from major companies the market will face from 2018 to 2023. Increasing adoption of IoT and the rapidly growing population are some of the key factors having an influence on network management industry based companies, suggest analysts as per the software-defined networking (SDN) market report. But the report also identifies the lack of awareness and dynamic policies and regulations as major threats companies in network management will face till 2023.Â
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Regional Overview
Network management market based companies in the software-defined networking (SDN) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The growing application areas will be a key growth driver for regional markets. However, the lack of developed infrastructure will turn out to be a threat. For the forecast period 2018 to 2023 each of these regional markets are studied in the report. Starting from North America, the regional market and network management vertical based companies are spread across the United States, Canada, and Mexico. Demand and supply gaps will turn out to be a major challenge from 2018 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by favorable government policies as well as technological advancements, suggests the report. Similarly, the network management sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the software-defined networking (SDN) market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023.
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Competitive Landscape
The global software-defined networking (SDN) market research report brings a comprehensive study of end-user, application, component, organization size, and solution market segments, regional analysis, and network management vertical based company details of key players. As the forecast period 2018 to 2023 will bring new opportunities for the market owing to the increasing preference of consumers and the growth of communication channels, the market is set to grow at a compound annual growth rate of 42.41% and is predicted to reach a value of US$59 billion by 2023. With SWOT analysis of network management sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of investments and the lack of demand from certain regional markets, companies in the network management sector can change the way business is done.
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Industry News
 Big Switch Networks Inc., an early player in the software-defined networking industry that earned more than $120 million from investors such as Khosla Ventures, has been acquired by Arista Networks Inc. The deal's terms were not revealed when Arista confirmed it on Thursday afternoon. Arista is a major leader in the enterprise networking industry, offering routers, Wi-Fi access points, and other associated hardware, as well as management tools. The startup's reporting capabilities have especially piqued Arista's interest. Big Switch offers a pair of software solutions that enable administrators to monitor their companies' networks from a single location and identify possible problems.
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Report details
| Companies Covered | 15 |
| Pages | 124 |
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