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Software Defined Networking (SDN) Market to have a Vivid Growth Experience Till 2024 | Key Players : Cisco, IBM & HP

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lopa shree
Software Defined Networking (SDN) Market to have a Vivid Growth Experience Till 2024 | Key Players : Cisco, IBM &  HP

Global Software Defined Networking (SDN) Market is estimated to grow significantly in the years to come owing to its rigorous carrier efforts to adopt modern networking technologies. Software defined networking technology is a cloud computing approach that enables network management and efficient network configuration to enhance network monitoring and performance. Its aim is to advance network control by allowing service providers and organizations to reply quickly to varying business necessities. This technology is used in several ways by different organizations including cloud computing & data centers, carriers, service providers and enterprise campuses.

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The factors that are driving overall market growth are growing alliance of several data centers, growth in network intricacy and diverse traffic pattern, rising demand for cloud service, and growing evolution and demand in mobility. However, lack of skilled staff and supremacy & strict security standards are the factors restraining overall market growth in the years to come.

SDN industry is categorized based on component, end user, and geography. On the basis of components, software defined networking market is divided into solutions and services. Solutions can be further split into software and physical appliances, of which physical appliances is expected to lead software defined networking (SDN) industry owing to its ability to manage the flow control among the network elements and applications.

In terms of end user, SDN market is split into cloud service providers, telecommunication service providers, and enterprise. Enterprises are expected to register maximum growth in near future owing to the rising adoption of SDN solutions to enable on-demand delivery of network and services.

Geographically, software defined networking industry is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate software defined networking (SDN) market owing to the growing investment by telecom service providers to enhance infrastructure abilities to meet the rising network needs. Asia Pacific is also expected to adopt software defined networking (SDN) technology rapidly in near future.

The key players in software defined networking (SDN) industry are Cisco, IBM, HP, NEC Corporation, Intel, Juniper, Arista Network, Huawei, Big Switch Network, Extreme Networks, Pics8, Plexxi, AT&T, and Pluribus.

For More Information visit @ https://www.millioninsights.com/industry-reports/software-defined-networking-sdn-market

Market Segment:

Software Defined Networking End Use Outlook (Revenue, USD Million; 2014 - 2024)
    • Enterprise
    • Telecommunication Service Providers
    • Cloud Services Provides

Software Defined Networking Services Outlook (Revenue, USD Million; 2014 - 2024)
    • Integration and Deployment
    • Training and Maintenance
    • Managed Services

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Ryan Manuel

Research Support Specialist, USA

Email:[email protected]

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