Asia Pacific Software Defined Networking Market is estimated to be the fastest growing region owing to the adoption of the cloud services.
Sellbyville, DE -- (SBWIRE) -- 10/22/2018 -- Software Defined Networking market growth will be driven by increasing digitalization in the manufacturing industry and need to improve operational efficiency and reduce capital expenditure. SDN increases the operational flexibility of the manufacturing industry by allowing them to accelerate the application deployment and reduce the organization's IT cost by workflow automation.
Software Defined Networking (SDN) Market is estimated to reach USD 88 billion by 2024. The progress of the market is credited to the aggressive carrier efforts to adopt new network architecture to deal with the exponentially growing data and coping with the evolving network technology. The growing deployment of the cloud services and IT convergence among organizations is also driving the growth of the market. As the adoption of cloud computing is increasing, organizations are consolidating their IT infrastructure to manage it more holistically.
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SDN can orchestrate the network capabilities and provides a programmatic interface that allows applications to control the network. Organizations can leverage on these capabilities of SDN to network-application-divide in converging the IT infrastructure and concentrate on the core business applications. Moreover, increasing investment by the venture capital in the software defined networking market space and several benefits offered by the SDN solution over traditional network architecture also contributes towards the growth of the market.
SDN has emerged as the most significant paradigm shift in the networking technology. It isolates the data plan and control plan in the network architecture and provides an open interface that will support the development of the software to regulate the network resources. Furthermore, its cost effectiveness and ability to reduce the capital and operational expenditure are the major factors augmenting its demand among the service providers and enterprises. However, lack of skilled professionals and complex architecture of the SDN is major constraint in the growth of the software defined networking market.
Consumer good and retail industry is one of the important application of the SDN solutions. The influx of technology into retail and consumer goods industry demands high bandwidth and high capacity network solution that operates at peak efficiency. Moreover, the increasing adoption of the advance technologies in this industry such as in store WIFI, electronic shelf tags, point of sale system, video surveillance, mobile checkout and other technologies are also estimated to be one of the major factor augmenting the demand of the market. These technologies demand high bandwidth and capacity that is stressing the traditional network infrastructure to the point of in-efficiency. These encourages organization to adopt SDN solution to meet the needs of the bandwidth intensive applications.
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North America is the dominating region in the software defined networking market. The growth of the market is attributed to the high mobile subscription rate and customer spend. North America have approximately 300 million mobile subscribers in 2017, which is further estimated to reach 313 million by the end of the year 2020, i.e. approximately 84% of the overall population.
Asia Pacific software defined networking market is estimated to attain noteworthy growth during the forecast period. The growth of the market is attributed to the increasing digitalization in the region. Over the past one decade, a rapid development in the digital infrastructure in the region has been witnessed. The digitalization is driven by the supportive government initiatives in the rapidly developing countries such as China & India.
Some of the prominent vendors of the software defined networking market are IBM, Big Switch Network, HP, AT&T, Cisco, Intel, Huwaei, Juniper, NEC, Arista Network, Pluribus, Extreme Networks, Pics8 and Plexxi. These players are adopting various strategies such as partnership & collaboration, merger and acquisition, geographical expansion and product launch to get edge over competitors.
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