The Software-defined Networking Market is expected to reach $17.5 billion by 2031 from an estimated $17.5 billion in 2024, at a CAGR of 22.8% during the forecast period (2024โ2031).
The growth of the software-defined networking market is driven by the proliferation of data centers, the increasing utilization of smart devices in industrial and infrastructure applications, and the growth in network infrastructure automation in Asia-Pacific. However, interoperability issues due to uneven SDN standards restrain the growth of this market.
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