Software-defined networking is an ideal application for high bandwidth applications. SDN enables the network to be centrally controlled and programmed using software applications using open API. By using the SDN in a traditional closed network, an operator can manage the entire network and its associated devices consistently. Software-defined networking is majorly getting adopted across data centers, wide area networks, and the access network. Furthermore, in the last few years, SDN has evolved into reputable networking technology offered by vendors such as Huawei Technologies, Juniper Networks, NEC Corporation, and IBM.
Market Dynamics:
The growth of software-defined networking is driven by the increasing adoption of cloud computing, growing investment in software-defined networks for capital expenditure and operating expenses, and the rising need for mobility services. For instance, according to Coherent Market Insights, in the year 2020, globally around 93% of enterprises were using cloud services, and it is expected to grow over the forecast period.
Furthermore, the increasing usage of IoT in conjunction with software defines networking operations is further expected to boost the demand of the SDN Market.
In addition, a lack of standardization in the implementation and utilization of software-defined networking technology is expected to hamper the growth of the Software-Defined Networking market over the forecast period.
Key Developments
1. In May 2021, İşbank a Turkey leading bank Chooses Huawei Software-Defined Datacenter Network Solution to Support Evolving Business Needs
Key features of the study:
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