Portland, OR, October 25, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the SDN Orchestration Market generated $ 1.45 billion in 2020 and is expected to reach $ 117.27 billion by 2030, a CAGR of 56.30% from 2021 to 2030. The report offers an in-depth analysis of the market size, future estimates, emerging and current trends and key players.
Increasing demand for cloud services, technological developments in SDN orchestration, and developed and extensive network infrastructure are propelling the growth of the global SDN orchestration market. On the other hand, safety and security concerns hamper the progress of the market. On the contrary, the rise of 5G technology will provide many market opportunities in the future.
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- Since the pandemic, it is increasingly necessary to ensure that Internet infrastructures are sufficiently efficient and have the capacity to provide high performance services through increased traffic demand. As a result, service providers have made huge investments in SDN and network function virtualization.
- The COVID-19 pandemic has provided opportunities for players in the software-defined network market as businesses around the world have embraced SD-WAN to support work-from-home scenarios.
- Businesses have moved to SD-WAN to take advantage of multiple high-speed connections and create secure, high-performance connections. SDN solutions help meet the increasing networking demands created by the pandemic.
The report segments the global SDN orchestration market on the basis of organization size, component, application, end use, and region.
On an end-use basis, the telecommunications service provider segment accounted for the largest market share in 2020, contributing nearly three-fifths of the total share, and is expected to maintain its lead throughout the period. forecast. The same segment is estimated to experience the fastest CAGR of 57.2% from 2021 to 2030. The report also covers the segment of cloud service providers.
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On the basis of applications, the IT and Telecom segment contributed the highest market share in 2020, contributing around one third of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the manufacturing segment is expected to show the Fastest CAGR 63.9% from 2021-2030.
Based on region, North America contributed the highest share in 2020, holding nearly two-fifths of the total share, and is expected to maintain its dominance throughout the forecast period. On the other hand, Asia-Pacific is expected to exhibit the fastest CAGR of 58.0% during the forecast period.
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The major global SDN orchestration market players analyzed in the research include Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, Nokia Corporation, Juniper Networks, Inc., Ciena Corporation, Anuta Networks International LL, NEC Corporation, Zymr , Inc., Cisco Systems, Inc. and Qualitest Group.
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Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.