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The report "Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Verticals), and Region - Global Forecast to 2025", size is expected to grow from USD 1.9 billion in 2020 to USD 8.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.5% during the forecast period.
The major growth drivers for the market include the increase in the mobile data traffic, increasing number of cloud-based solutions, rising demand for mobility services, and enterprises’ focus on reducing Operational Expenditure (OPEX) with SD-WAN.The report "Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Verticals), and Region - Global Forecast to 2025", size is expected to grow from USD 1.9 billion in 2020 to USD 8.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.5% during the forecast period.
The major growth drivers for the market include the increase in the mobile data traffic, increasing number of cloud-based solutions, rising demand for mobility services, and enterprises’ focus on reducing Operational Expenditure (OPEX) with SD-WAN.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53110642Software segment to record a higher growth rate during the forecast periodIn the SD-WAN market by solutions, the software segment is expected to record a higher growth rate during the forecast period.
SDN controllers deliver a centralized management to enterprises and in turn improve the overall network efficiency.
Currently, the software segment is driving the global SD-WAN market.Among end users, the service providers segment to grow at a higher CAGR during the forecast periodIn the SD-WAN market by end user, the service providers segment is expected to grow at a higher CAGR during the forecast period.
Currently, the SD-WAN market is emerging and expected to grow during the forecast period.