The worldwide SDN (software defined network) orchestration market generated $1.45 billion in 2020, according to Allied Market Research, and is expected to reach $117.27 billion by 2030, with a CAGR of 56.30 percent from 2021 to 2030.
The worldwide SDN orchestration market is growing due to increased demand for cloud services, technical advancements in SDN orchestration, and developed and extended network infrastructure. Concerns about safety and security, on the other hand, stymie market growth. The growth of 5G technology, on the other hand, would open up a wide variety of commercial opportunities in the future.
Since the pandemic, there has been a greater emphasis on ensuring that Internet infrastructures are capable of delivering high-quality services in the face of increasing traffic demand, stated Allied Market Research. As a result, service providers have made significant investments in software-defined networking (SDN) and network function virtualization (NFV).
As organizations throughout the world have adopted SD-WAN to accommodate work-from-home scenarios, the COVID-19 pandemic has accelerated opportunities for software defined networking industry participants.
SD-WAN has been used by businesses in order to take advantage of various broadband connections and generate reliable connections. SDN technologies would help meet the rising networking needs brought on by the pandemic.
IT & Telecom Segment, North America, Asia-Pacific
The IT & telecom category had the biggest SDN market share in 2020, accounting for almost one-third of the total market share, and is expected to continue to dominate the market during the projection period. Manufacturing, on the other hand, is predicted to grow at the quickest rate, with a CAGR of 63.9 percent from 2021 to 2030.
North America contributed the most to the total SDN market share in 2020, accounting for about two-fifths of the total, and is predicted to retain its dominance throughout the projection period. Asia-Pacific, on the other hand, is predicted to have the highest CAGR of 58.0 percent throughout the projection period.
Hewlett Packard Enterprise (HPE), Huawei, Nokia, Juniper Networks, Ciena, Anuta Networks, NEC, Zymr, Cisco, and Qualitest Group are among the key players in the global SDN orchestration market studied by Allied Market Research in this report.