BANGALORE, India, Oct. 7, 2020 /PRNewswire/ — According to the Latest Market Research Report “SDN Market by Component (Solutions (Physical Network Infrastructure, Virtualization & Control Software, and Software defined networking Applications) and Services (Professional Services and Managed Services)), Organization Size (Large Enterprises and Small- & Medium-sized Enterprises), End User (Telecommunication Service Providers, Cloud Service Providers, and Enterprises), and Industry Vertical (IT, Consumer Goods & Retail, BFSI, Defense, Telecom, Healthcare, and Others) and Region – Global Forecast to 2027″, published on Valuates Reports.
The global SDN ( Software Defined Networking) Market size was valued at USD 9,995 Million in 2019 and is projected to reach USD 72,630 Million by 2027, growing at a CAGR of 28.2% from 2020 to 2027.
The need for improved network architecture is prominent as a growing number of companies migrate to web-based applications and services. Low operating costs, comprehensive management of infrastructure, abstraction, and cloud integration are some of the major factors expected to drive the growth of SDN market size during the forecast period.
Organizations that introduced software-defined networking during the COVID-19 pandemic quickly adapted to the emerging traffic dynamics and network specifications that arose from work-from-home mandates. SDN helped those organizations cope with the ongoing pandemic and sustain the economically positive operation.
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TRENDS INFLUENCING THE SDN MARKET SIZE
The exponential growth in network infrastructure’s size and complexity has created a need for solutions to simplify and maintain the entire network efficiently. SDN solutions resolve these concerns directly by providing the operator with greater flexibility in traffic control to increase network performance. This feature is expected to increase the SDN market size.
Due to the outbreak of the COVID-19 pandemic, a significant shift towards cloud computing by many organizations would increase the