Software Defined Networking Market Size, Share, Growth Analysis, By Offering(SDN infrastructure (Applications, Controllers, Networking Devices), Software), By SDN type(Open SDN, SDN Via API, SDN Via Overlay, Hybrid SDN), By Application(Sd-WAN, Sd -LAN, Security Applications, Other Applications), By End-use(Enterprise, Telecommunication Service Providers, Cloud Service Providers), By Vertical(BFSI, Healthcare, Retail & E-commerce, Manufacturing), By Region - Industry Forecast 2024-2031

Global Software defined networking Market size was valued at USD 49.50 Billion in 2022 and is poised to grow from USD 58.91 Billion in 2023 to USD 236.88 Billion by 2031, at a CAGR of 19% during the forecast period (2024-2031). 

The global software defined networking market exhibits a competitive landscape with the presence of several key players and intense competition among them. These companies strive to gain a competitive edge by offering innovative SDN solutions, expanding their product portfolios, and focusing on strategic partnerships and acquisitions. companies focus on product differentiation, partnerships, and strategic acquisitions to stay competitive and cater to the growing demand for SDN solutions. The global SDN market is highly competitive, with key players striving to differentiate themselves through innovative solutions, broad product portfolios, strategic partnerships, and customer-centric approaches. The continuous advancements in SDN technologies and the increasing adoption of SDN across various industries drive the competitive landscape, urging companies to stay at the forefront of the market with their offerings.  'Cisco (US) ', 'Huawei (China) ', 'VMware (US) ', 'Dell EMC (US) ', 'Juniper Networks (US) ', 'IBM (US) ', 'Ericsson (Sweden) ', 'Ciena (US) ', 'HPE (Hewlett Packard Enterprise) (US) ', 'Nokia (Finland) ', 'Arista Networks (US) ', 'Extreme Networks (US) ', 'Comcast (US) ', 'Citrix (US) ', 'NEC (Japan) ', 'Oracle (US) ', 'Palo Alto Networks (US) ', 'NVIDIA (US) ', 'Fortinet (US) ', 'Fujitsu (Japan) ', 'HiveIO (US) ', 'Lenovo (China) ', 'Pica8 (US) ', 'Scale Computing (US) ', 'Canopus Networks (India) ', 'Zeetta Networks (UK) ', 'Trustgrid (US) ', 'Cosgrid Networks (India) '

Increasing Demand for Cloud Services 

Intent-Based Networking (IBN): IBN focuses on translating business intent into network policies and automating network operations accordingly. It enables network administrators to define high-level business objectives, and the network infrastructure automatically configures itself to meet those objectives. IBN simplifies network management, enhances network agility, and reduces human error. Major players in the SDN market, such as Cisco, launched IBN solutions to cater to the evolving demands of organizations seeking more intelligent and automated networking capabilities.

North America holds a prominent position in the global SDN market due to several factors. The region has a strong presence of key market players, including software and networking technology providers, which contribute to the extensive adoption of SDN solutions. Moreover, North American enterprises and service providers are quick to embrace technological advancements, seeking ways to enhance their network infrastructure and address the evolving demands of digital transformation. The region's mature IT ecosystem, robust connectivity infrastructure, and favorable regulatory environment further support the growth of the SDN market in North America.