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A scalable software-defined network is a methodology for networking that practices software controllers or Application Programming Interfaces (APIs) to connect with hardware structure and traffic on a network. The model differs from traditional networks, which practice hardware devices such as routers and switches to manage network traffic. The software-defined network develops and manages a virtual network or controls traditional hardware through software.
Scalable Software-defined Networking (SDN) is a group of network solutions by lower-level abstraction. An apparent shift in network infrastructure overlays the mode for Unified Communications & Collaboration (UC&C) applications.
The rise in usage of smartphones and server visualization and the arrival of cloud computing solutions are driving firms to reconsider conventional network infrastructures. Most traditional network infrastructures are hierarchical and built on layers of Ethernet controls.
Furthermore, scalable software-defined networking is progressively gaining acceptance among firms with the network's ample geographical spread. Satellite offices must manage and secure WAN and branch networks with increasing bandwidth requests, thus increasing the use of cloud resources, network complexity, and growing safety challenges. Therefore, firms are increasingly positioning SD-WAN solutions to address network complexities, application performance, and security variations.
The outbreak of COVID-19 has caused an apparent demand for cloud-based solutions due to remote working models adopted by firms. Various sectors, such as manufacturing, retail, BFSI, and many others, have seen a substantial revenue fall during the pandemic. Increasing remote working models urged firms to invest in cloud-based assurance and analytics, AI-powered networking technologies, and edge computing, which is estimated to boost the market growth. Thus, the pandemic has positively affected the software-defined networking industry. The major driver for market expansion is the incorporation of Big Data. The spread of COVID-19 brought doctors, researchers, and data scientists together to develop solutions.
IT infrastructure has relocated networking architecture for the workforce to work distantly. The higher use of VPNs for distant working and telecommunications generated hefty data traffic on the internet. The pandemic forced IT infrastructure suppliers to implement scalable software-defined networking solutions.
The report will cover the following key insights:
The BFSI segment highly depends on networking architecture for its daily activity. Moreover, BFSI is a rapidly growing sector that relies deeply on software-defined network infrastructures for handling some of the sensitive and critical tasks. Bank networks should rapidly scale to lodge secure links between ATMs and banks, irrespective of location, and offer infrastructure for interbank networking.
However, outages in the network severely affect the BFSI sector, affecting customers. For instance, in March 2021, HDFC Bank (India's private bank) was affected by network outages in its net and mobile banking platforms. The lender is under the inspection of the Reserve Bank of India (RBI) for frequent digital outages, due to which it officially barred HDFC bank from issuing digital business deeds and new credit cards.
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The scalable software-defined networking market is divided into five regions, North America, the Middle East and Africa, South America, Asia Pacific, and Europe.
North America is projected to be the prime market for software-defined networks, with prominent regional players' early implementation of software-defined network solutions. Expanding the software-defined market in the region is associated with developing end-user industries such as BFSI, IT & telecom, healthcare, and many others.
Considerable development in mobile devices is surging the demand for network services. As the U.S. has continued at the lead of technology implementation, the region observed maximum acceptance of connected services and devices.
The distribution of the scalable software-defined networking market by region is as follows:
The report includes key players such as Intel Corporation, Hewlett Packard Enterprise Company, Cisco, IBM Corporation, Systems Inc., Huawei Technologies Co. Ltd., Pluribus Networks Inc., Juniper Networks Inc., Pica8 Inc., Arista Networks Inc., Citrix Systems, Dell Technologies Inc., and many others.
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