Multi-Cloud SDN (FMC) market is expected to grow at a high CAGR of 12% during 2021-2031, and is projected to reach US$ 15 Bn by 2031.
Multi-Cloud SDN (FMC) market is expected to grow at a high CAGR of 12% during 2021-2031, and is projected to reach US$ 15 Bn by 2031. A multi-cloud SDN approach enable users to make seamless cloud-to-cloud connections over a low-latency direct connection that bypasses the public internet for offering enhanced security. SDN architectures make it much easier to build a functional multi-cloud environment through a single platform.
What is Driving Demand for Multi-Cloud SDN?
As organizations are continuously focusing towards scaling their hybrid cloud environments, it has become very critical to leverage solutions that help improve productivity and processes. Since, the inception of SDN, the technology has got more attention among enterprises. As more organizations have adopted hybrid cloud and tasked their network engineers with figuring out the basics of connectivity, reliability, and security.
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As SDN platforms are enhanced to support multi-cloud environments, the platforms are being used to mitigate the inherent complexity of establishing and maintaining network and security policies across hybrid IT landscapes.
Also, the platform delivers better application experience, reduce security risks and lower operations cost for multi-cloud applications. Thus, the benefits of cost-effectiveness, high scalability, and reliability offered by multi-cloud SDN is expected to propel the market growth in coming years.
Increasing Adoption SDN in Cloud Computing Services
Software-Defined Networking (SDN) and cloud computing complement each other and enable new visibility and control over the networks. SDNs became even more valuable, when it became possible to integrate the architecture easily with cloud-based environments. The convergence of both the technologies let users to respond quickly to changes. SDN manages network configuration more efficient and improves network performance and monitoring.
US & Canada Demand Outlook for Multi-Cloud SDN
When it comes to cloud computing adoption, U.S. is the most mature market. This is due to the early adoption of cloud based networks by the U.S. markets. Organizations in both the countries have taken high level of initiatives towards adoption of latest digital technologies.
The high internet penetration, coupled with initiatives from government agencies moving partially to the cloud to improve information services would also drive the growth of multi-cloud SDN technologies in the U.S. & Canada.
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China Adoption Outlook for Multi-Cloud SDN
China is the world’s second-largest cloud computing market. The market is prominently occupied by Alibaba Cloud. Alibaba is the largest provider of cloud services in China. The company is the fourth largest global Infrastructure-as-a-Service provider following AWS, Azure, and Google Cloud Platform.
The integration of cloud computing services in for industrial transformation is one of the most prominent trends, in China. It is estimated that in China, the cloud computing industry has been growing around to 25-30% each year, from last five years, and the trend will likely continue into the near future.
Moreover, enterprises in China are adopting the latest technologies to sustain in the global market competition. Government policies in China are also promoting the adoption of cloud services in multiple sectors. These factors are expected to propel the growth of multi-cloud SDN market in China.
Who are the Key Multi-Cloud SDN Vendors?
Some of the leading vendors offering Multi-Cloud SDN products include
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Key Segments of Multi-Cloud SDN Market
By Deployment Models:
By Enterprise Size:
By Industry:
By Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Nov 02, 2022
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