The worldwide software-defined networking (SDN) market is expected to reach $132.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 47% from 2016 to 2022, according to a new report published by Allied Market Research titled "World Software Defined Networking Market.”

The growing need for efficient management of data traffic and centralized control of networks has encouraged communication service providers to adopt SDN, the report says. Implementation of SDN has increased significantly across industries because of growing network complexity, the demand for cost and time efficiency and the need for flexibility in network infrastructure.

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