Software Defined Wide Area Network Market size is projected to grow from USD 3.4 billion in 2022 to USD 13.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 31.9% during the forecast period. The enterprises’ focusing on reducing OPEX with SD-WAN technology is driving the growth of the SD-WAN market.
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Cloud segment is estimated to lead the SD-WAN market in 2022
SD-WAN architecture that is secure is a cloud-native, multi-tenant, multi-service software platform, with primary components that include routing, SD-WAN, and multi-layered security functions. An SD-WAN enables cloud-first organizations to provide a superior application quality of experience (QoEx) for users.
Large enterprise segment is set to emerge as a larger market during the forecast period
Large enterprises have an employee strength of more than 1,000. Large enterprises around the globe are adopting SD-WAN technology to reduce latency, increase reach and expand the businesses. Big companies are opting this technology to decrease equipment and bandwidth costs. Moreover, the focus of large enterprises is to streamline their networks and provide better service for all employees, offices, and branches, as SD-WAN offers unified upgrade to the cloud with important application performance especially for critical applications also with security and data privacy.
Healthcare vertical is expected to have higher growth rate during the forecast period
Traditional WAN networks in healthcare can’t sufficiently support organizations with multiple locations and depend on connected medical devices. Therefore, healthcare providers are switching to SD-WAN to ensure security in transmitting patient’s data. Operational and cost efficiency is achieved for healthcare organizations through SD-WAN technology. To provide affordable healthcare without losing quality for that efficiency is significant. The SD-WAN software automates many processes and make sure that the network adjusts to meet changing requirements. During COVID-19, network traffic has risen, taxing bandwidth. With SD-WAN, traffic can be redirected, and loads can be balanced so vital applications can perform effectively.
Asia Pacific is projected to grow at the fastest growth rate during the forecast period
Asia Pacific constitutes thriving economies, such as Singapore, Japan, China, India, and Australia, which are expected to register high growth rates in the network and telecommunications market. It is expected to witness the highest CAGR during the forecast period. China has witnessed immense industrial growth and is the worlds manufacturing capital.
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Market Players
The major vendors covered in the SD-WAN market include Cisco (US), Oracle (US), Hewlett Packard Enterprise (US), Nokia (Finland), VMware (US), Huawei (China), Juniper Networks (US), Fortinet (US), Citrix US), Ciena (US), Epsilon Telecommunications (Singapore), Palo Alto Networks (US), Riverbed Technology (US), Ericsson (Sweden), BT (UK), Colt Technology Services (UK), NEC Corporation (Japan), Tata Communications (India), Extreme Networks (US), Martello Technologies (Canada), Arelion (Sweden), Aryaka (US), Flexiwan (Israel), Cato Networks (Israel), Nour Global (UAE), Sencinet (Brazil), MCM Telecom (Mexico), InterNexa (Colombia), FatPipe Networks (US), Bigleaf Networks (US), Lavelle Networks (India).
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January 16, 2019: This report focuses on the global Software-Defined Wide Area Network status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Software-Defined Wide Area Network development in United States, Europe and China.In 2017, the global Software-Defined Wide Area Network market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studySilver PeakTalari NetworksNuage NetworksVeloCloud NetworksDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-software-defined-wide-area-network-market-size-status-and-forecast-2018-2025/request-sample Versa NetworksViptelaRiverbed TechnologyCloudgenixFatpipe NetworksCitrix SystemsMarket segment by Type, the product can be split intoOn-PremiseCloudRead Complete Report with TOC @ https://www.radiantinsights.com/research/global-software-defined-wide-area-network-market-size-status-and-forecast-2018-2025 Market segment by Application, split intoBFSIGovernmentHealthcareIT & TelecomRetailManufacturingOthersMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Software-Defined Wide Area Network status, future forecast, growth opportunity, key market and key players.To present the Software-Defined Wide Area Network development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Software-Defined Wide Area Network are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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Market OverviewGlobal Software-Defined Wide Area Network (SD-WAN) Market generated a revenue of USD 2,156.1 Million in 2019 and is expected to reach a market value of USD 19,093.2 Million by 2026, growing at 38.5% CAGR during the forecast period.Global Software-Defined Wide Area Network (SD-WAN) Market is expected to witness substantial growth during the study period, primarily due to the rise in software-defined data centers.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1896Regional AnalysisThe geographic analysis of the software-defined wide area network (SD-WAN) market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.North America accounted for the largest market share of 60.2% in 2019, with a market value of USD 1,297.5 million; the market is expected to register a CAGR of 37.5% during the forecast period.
The market growth is driven by factors such as the rising need for network virtualization.
Additionally, the telecom providers operating in the region invest in advanced networking technologies to expand their infrastructure capabilities.Europe was the second-largest market in 2019, valued at USD 462.5 million; the market is projected to exhibit a CAGR of 39.2%.
The European market for SD-WAN was driven by a surge in data traffic, the advent of 5G, the growing number of cloud-based data centers, employee mobility, and the increasing adoption of IoT technologies.Competitive AnalysisThe key players of the global Software-defined wide area network (SD-WAN) market are Versa Networks, Inc., VMware, Inc, Palo Alto Networks, Inc., Nokia (Nuage Networks is a Nokia venture), Cisco Systems, Inc., Oracle, CENTURYLINK, Silver Peak Systems, Inc., Ecessa, ARYAKA NETWORKS, INC., Riverbed Technology, Cato Networks, Citrix Systems, Inc., Forcepoint, and Untangle.Segmental AnalysisThe global software-defined wide area network (SD-WAN) market has been segmented based on component, deployment, vertical, and region.By component, the software-defined wide area network (SD-WAN) market has been divided into appliances and services.
The appliances segmented includes physical and virtual sub-segments.
The physical appliances segment comprises routers, access points, switches, gateways, and cables.
Global Software-Defined Wide Area Network (SD-WAN) Market generated a revenue of USD 2,156.1 Million in 2019 and is expected to reach a market value of USD 19,093.2 Million by 2026, growing at 38.5% CAGR during the forecast period.Global Software-Defined Wide Area Network (SD-WAN) Market is expected to witness substantial growth during the study period, primarily due to the rise in software-defined data centers.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1896 Competitive Outlook: The key players of the global Software-defined wide area network (SD-WAN) market are Versa Networks, Inc., VMware, Inc, Palo Alto Networks, Inc., Nokia (Nuage Networks is a Nokia venture), Cisco Systems, Inc., Oracle, CENTURYLINK, Silver Peak Systems, Inc., Ecessa, ARYAKA NETWORKS, INC., Riverbed Technology, Cato Networks, Citrix Systems, Inc., Forcepoint, and Untangle.
Segmentation:The global software-defined wide area network (SD-WAN) market has been segmented based on component, deployment, vertical, and region.
The physical appliances segment comprises routers, access points, switches, gateways, and cables.
The virtual appliances include CSP, web portal, and the Internet.
Based on vertical, the software-defined wide area network (SD-WAN) market is segmented into IT & telecommunication, BFSI, manufacturing, healthcare, and retail.
Global Software Defined WAN Market OverviewA software-defined wide area network refers to a networking service used in network management services via low-level functionality.
The report published by MRFR states that the software-defined WAN market is likely to witness a whopping 50% CAGR during the forecast period.In contrast, the global Software Defined WAN Market is likely to face some hindrance in growth due to various factors.
Bandwidth provisioning and the uncalculated risk of execution and expenses are some of the factors hindering the growth of the market.
Further, security concerns with the cloud and SaaS are likely to pose as hindrances in the market growth.
With a consistent increase in devices connected to the global network, the bandwidth may experience high load, resulting in slower data speed and poor performance, hence restraining the market growth.
Key PlayersSome of the major players in Global Software Defined Wide Area Network market includes Cisco Systems (U.S.), VeloCloud Inc. (U.S.), Versa Networks (U.S.), Cloudgenix Inc. (U.S.), CenturyLink, Inc. (U.S.), Silver Peak (U.S.), Talari Networks (U.S.), Viptela (), Nuage Networks (U.S.), and Ecessa Corporation (U.S.) among others.Software-Defined-Wide-Area-Network Market Global Market - SegmentationSegmentation by Component: Virtual appliance, Physical appliance, and Hybrid.Segmentation by Deployment: On-Cloud and on-Premises.Segmentation by Services: Managed services, and Professional servicesSegmentation by Application: Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Government, IT & Telecom, Manufacturing, and Others (Oil & Gas and Mining & Transportation).Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the WorldSoftware-Defined-Wide-Area-Network Market Global Market - Regional AnalysisGeographically, the Software-Defined-Wide-Area-Network market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World.North America is expected to dominate the global Software-Defined-Wide-Area-Network market with the largest market share in the region.
According to the Graphical Research new growth forecast report titled Europe SD-WAN Market By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Estimated To Exceed USD 3 Billion By 2025.The increasing digitalization and rising 4G subscriber penetration are driving the demand for SD-WAN solutions in the region.
The existing network infrastructure is facing challenges while handling these bandwidth applications.
In 2016, over 220 million 4G connections were registered in the region and this number is estimated to increase over the forecast period.Request for a sample of this report @ https://www.graphicalresearch.com/request/1205/sampleThe cloud deployment model is expected to show significant growth rate over the forecast period due to the rising demand for the cloud-based network infrastructure.
SD-WAN technology helps enterprises in simplifying network management and prioritizing network traffic to ensure that business-critical applications get the required connection.Make an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1205/inquiry-before-buyingThe UK is expected to grow rapidly over the forecast period due to rising investments in 5G network across the country.
The ability of the 5G network to provide high connectivity to remote users will enable the delivery of real-time applications such as video conferencing and unified communication.
The market growth is also driven by a rise in the adoption of SD-WAN solutions in the healthcare sector as healthcare institutions rely on data-critical applications for improving medical practices.
