The research service assesses the key trends pertaining to the development and testing platform providers, the waveform developers, the infrastructure providers, and the spectrum sensing technology providers in the software defined radio (SDR) industry. With regards to these components of the value chain, the key innovations and their market impact are evaluated. The current and potential application areas are studied, and a technology roadmap is provided. Strategies that may be used by the stakeholders in the aforementioned components of the value chain in order to fulfill market needs are also provided.