Global SDN Market to grow 54% CAGR from 2017-2024 Software Defined Networking (SDN) Market

Software Defined Networking Market to
cross $88bn by 2024: Fractovia.org
Software Defined Networking (SDN) Market set to exceed USD 88 billion by 2024,
driven by growing adoption of cloud services and IT convergence. With most of the
companies leveraging SDN technologies for accelerating work-flow automation,
software defined networking (SDN) market has been observing robust expansion
lately. SDN facilities offer several benefits to leading organizations, some of them
being, a rise in resource flexibility, low infrastructure cost, better data center
visualization, and growing resource utilization. Pertaining to the same, in addition to
considering the growing popularity of open source software, most of the giants in SDN
industry have been signing on partnerships with competitors to bring forth innovative
SDN facilities. Say for instance, Orange Business Services has recently teamed up
with one of the leading behemoths in the SDN industry – Cisco, to develop intent based
networking with the help of artificial intelligence. Through this partnership, the firm is
also looking forward to encouraging customers to incline toward digitalization and
cloud with the adoption of new age software facilities.
Numerous other companies are apparently implementing visualization technologies
like SDN to speed up their digital transformation with reliability, agility, and cost
effectiveness, fueling the commercialization graph of SDN market. Driven by the
growing adoption rate of virtualized solution across several sectors including retail,
government, banking, healthcare, IT services, and consumer goods, SDN market size
has been forecast to grow tremendously over the years ahead.
In recent times, many IT service companies have willingly changed their perspective
toward the adoption evolving software-based solutions to resolve several business
challenges. Tech giants in SDN market have worked to introduce several scalabilities
and performance improvements in SDN components, which has encouraged service
companies to deploy SDN facilities across their organizations. Programmable SDN
indeed boasts of several benefits, on the grounds of which service companies have
lately been demanding these networking services on a large scale, thereby driving
SDN market dynamics. Two of the most prominent advantages of SDN that contribute
toward fueling SDN industry outlook are mentioned below:
•
Simplicity: SDN helps minimize the load on the network administration and
help customers to manage and create their own network for application
management. With the help of programmable network components,
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