Friday, May 17, 2024

Software-Defined Networking Global Market to Reach $75.6 Billion by 2030

The “Software-Defined Networking: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Software-Defined Networking estimated at US$18.5 Billion in the year 2022, is projected to reach a revised size of US$75.6 Billion by 2030, growing at a CAGR of 19.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record an 18.8% CAGR and reach US$30.9 Billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Software segment is readjusted to a revised 19.1% CAGR for the next 8-year period.

The Software-Defined Networking market in the U.S. is estimated at US$5.8 Billion in the year 2022. China, the world’s second-largest economy, is forecast to reach a projected market size of US$16 Billion by the year 2030 trailing a CAGR of 25.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 18.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.3 Billion by the year 2030.

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