The Software-defined Networking Market is projected to reach $73.5 billion by 2031, at a CAGR of 22.8% from 2024–2031. 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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