North America SDN Orchestration Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Vertical, By Organization size (Large Enterprises and SMEs), By End Use, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America SDN Orchestration Market would witness market growth of 58.0% CAGR during the forecast period (2022-2028).
Future cloud-based networks, as well as communications services, will be enabled by a wide range of technologies with the help of SDN orchestration systems acting as the crucial glue between them. It is anticipated that they will offer the automation and coordination technologies needed to fill the gap between telecom systems, data center resources, OSS systems, and customers wishing to buy cloud-based software and network services.
The software-defined wide-area network, or SD-WAN, which uses SDN to network connections covering a large geographic region, is an extension of SDN. As it unifies the many connections inside an organization, SD-WAN is becoming more and more well-liked among businesses. For instance, SD-WAN links data centers and branch offices over a large geographic area inside a business. SD-WAN as a service can be provided through orchestration, which is made possible by SDN controllers and network virtualization software. Customers receive automated cloud provisioning with SD-WAN orchestration.
The BFSI, or financial services, sector of the United States is the foundation of the country's economy. According to the US Department of Treasury, with assets estimated to be over $48 trillion, this vast and diverse industry contributed more than $900 billion, or 8.1%, of the US gross domestic product in 2005. (GDP). The diversity of the industry's institutions and the services they offer must be included in descriptions of the sector's profile and objectives. The knowledge that the financial services industry is predominantly owned and run by the private sector, whose institutions are heavily controlled by the Federal and, in many cases, state government, is crucial to comprehending this profile.
The US market dominated the North America SDN Orchestration Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,033.3 million by 2028. The Canada market is poised to grow at a CAGR of 61.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 60.2% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Manufacturing, Healthcare, Government & Defense and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on End Use, the market is segmented into Cloud Service Providers and Telecom Service Providers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett-Packard enterprise company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Ciena Corporation, Juniper Networks, Inc., NEC Corporation, Qualitest Group, Anuta Networks International LLC, and Zymr, Inc.
Scope of the Study
Market Segments Covered in the Report:
- IT & Telecom
- Government & Defense
By Organization size
- Large Enterprises
By End Use
- Cloud Service Providers
- Telecom Service Providers
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Hewlett-Packard enterprise company
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Nokia Corporation
- Ciena Corporation
- Juniper Networks, Inc.
- NEC Corporation
- Qualitest Group
- Anuta Networks International LLC
- Zymr, Inc.
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