30.3% CAGR, Software Defined Networking (SDN) Market is Growing with $40.00 Billion of Industry Revenue by 2025

Software defined networking market is expected to grow US$ 23.93 billion by 2025 from US$ 1.62 billion in 2015. The Telecom & IT industry segment market is expected to grow at a CAGR of 30.4% during the forecast period 2016 - 2025. Speed, size, and efficiency are the essential elements which nowadays rule the IT industry.
Increased adoption of smart phones, laptops, tablets, gaming consoles and other gadgets for transferring data has created a need for software defined networking. Software defined networking solutions offer various benefits to IT industry such as speed of deployment, waste and energy efficiency and most important is scalability. Thus, IT industry is adopting the software defined networking for keeping pace in the highly competitive market. Furthermore, high growth rate of mobile subscribers is also creating a need for extension in data storage capacity and efficient servers for networking. Telecom industry players are opting for software defined networking solutions as they provide operational efficiency, and reduced costs.

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Strategic Insights
Merger 7 acquisition and new developments were observed as the most adopted strategies in global software defined networking industry. Few of the developments are listed below;

2017: Fortinet rolled out a new version of its FortiOS operating system that gives customers the ability to manage security capabilities across their cloud assets and software-defined wide area networking (SD-WAN) environments.

2017: Cisco partnered with IBM Network Services to facilitate their customers benefit from IBM’s complete life-cycle services for SDN coupled with Cisco ACI technology, which was expected to empower customers to experience the full benefits of SDN, including software-based programming, automated control of networks, network function virtualization and network virtualization.

2016: Huawei launched the Agile Controller 3.0. The Agile Controller is based on the open source ONOS controller managed by the Linux Foundation, but it is also compatible with the OpenDaylight Project (ODL) controller via APIs. Huawei launched this product in order to strengthen its product portfolio in SD-WAN and IoT market.
Software defined networking market by end-user vertical is segmented into Banking, Financial Services and Insurance (BFSI), telecommunication & IT, consumer goods and retail, government and defense, research and academia and others. The propagation of cloud based service implementations in the enterprise are some of the trends contributing to the emergence of software defined networking market. Almost all the industry verticals are increasingly demanding software defined networking facilities that improve the business operations and productivity while limiting security risks.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the software defined networking industry.

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