How are Cloud Solutions and Internet-Based Networking Shaping the Market System?
Software-Defined Networking (SDN) technology is essential for the further adoption of cloud computing. Over the last few months, the world has witnessed its drastic development, which has resulted in a significant roadblock concerning bandwidth.
FREMONT, CA: The main challenges that the network operators face are to fulfill the rising demands of the customers. Hence the networking operators not only need a scalable network but a brilliant one. This is where SDN comes into play.
While analyzing the SDN market place sales from the physical network infrastructure, controller software segments, and SDN applications are the main factors that are considered
Rising demand for cloud solutions
Businesses are adopting cloud solutions due to low OPEX and scale-up or scale-down workload facilities. The increasing number of cloud data centers demands effective management systems for network traffic. This requirement can be fulfilled by SDN, resulting in an increase in the demand for SDN solutions. The worldwide SDN market is predicted to record a CAGR of almost 24 percent, despite its declining growth in the forecast period.
Rising demand for internet-based networking
SDN is a crucial component as businesses are incorporating artificial intelligence (AI), deep learning (DL), and machine learning (ML) in the ongoing IT setup. Therefore SDN providers are formulating SDN products to compliment the intent-based networking solutions. This rising demand is having a positive impact on the overall market growth.
The global SDN market is a little fragmented due to the presence of numerous major players. This vendor analysis is designed to enable clients to improve their market positions.
The SDN market is providing a large share of 28.5 percent in 2018 and is predicted to grow at a compound annual growth rate of more than 24 percent during 2019-2023.
In order to reach a competitive advantage over the contemporaries, the vendors are putting their focus on research and development activities. Additionally, they are also adopting competitive strategies, like product portfolio expansions and reduced cost, to mark their market presence.