Software Defined Networking Market Size by Component (Solution [Physical Network Infrastructure, SDN Controller, SDN Application], Service [Professional Service, Managed Service]), By End-Use (Enterprise [BFSI, Consumer Goods & Retail, Government & Defens

Software Defined Networking Market Size by Component (Solution [Physical Network Infrastructure, SDN Controller, SDN Application], Service [Professional Service, Managed Service]), By End-Use (Enterprise [BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, and IT Enabled Services], Cloud Service Provider, Telecom Service Provider), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

The global Software-Defined Networking (SDN) market is poised to grow steadily through 2032, fueled by its ability to keep up with the dynamic nature of advanced network applications. Other benefits of the emerging network technology, including high bandwidth, and reduction in operational as well as management complexity.

With the growing remote working and distance learning trend, the need for SD-WAN is increasing at a notable rate. A SD-WAN segregates hardware from the control system of a WAN network, making it easier to operate and manage. This technology enables organizations to build high-performance WANs utilizing commercially accessible low-cost internet connectivity. It also allows firms to replace high-priced private WAN systems such as Multi-Protocol Label Switching (MPLS).

Several industry players are focusing efforts on optimization as well as customization of their network infrastructure to support remote working. They are achieving this through the integration of a number of open-source SDN systems with their cloud computing solutions. For instance, in July 2022, Australian businesses began implementing SDN to promote remote work and contingency planning.

The software-defined networking market has been categorized in terms of component, solution, service, end-use, enterprise, and region.

With respect to component, the service segment is slated to grow at a considerable pace 2032, fueled by the increasing implementation of cloud computing systems across industries. Professional services can generate revenue for organizations by reducing overall operating costs by removing the cost of maintaining physical IT infrastructure as well as hiring contract workers, which is feasible as more companies move their entire infrastructure to the cloud. Increasing implementation of cloud computing is anticipated to drive market growth through the estimated timespan.

Under service, the managed service segment is estimated to grow at over 25% CAGR from 2023 to 2032. One of the key factors influencing segment expansion is the broadening IT infrastructure of global enterprises. Meanwhile, growing need to focus on core competencies is also fueling segment outlook.

In terms of end-use, the telecom service provider segment is projected to attain high gains driven by the fundamental shift of the telecommunication market from traditional hardware-based appliance-centric deployment to software-based cloud implementation.

The two notable technologies influencing this shift in the telecommunication sector are software-defined networking as well as network function virtualization, and this ongoing trend will positively impact the market size.

From the regional perspective, the Middle East and Africa SDN market is projected to grow at 26% CAGR from 2023 to 2032. Across the MEA, smartphone adoption is expanding at a rapid pace, which is pushing the region to make a rapid transition to highly developed mobile broadband services to deliver internet access to the consumer base.