SD-WAN Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions, Service), By Organization Size (Small & Medium Enterprises (SMEs), Large Enterprises), By Deployment Mode (On-premises, Cloud), By Use Cases (Branch Connectivity, Application Control, Security, Network Operations Visibility), By Vertical (Healthcare, Retail & Consumer Goods
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSD-WAN Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions, Service), By Organization Size (Small & Medium Enterprises (SMEs), Large Enterprises), By Deployment Mode (On-premises, Cloud), By Use Cases (Branch Connectivity, Application Control, Security, Network Operations Visibility), By Vertical (Healthcare, Retail & Consumer Goods
The global SD-WAN market is predicted to proliferate during the forecast period owing to the rapid growth in digitalization and increasing adoption of advanced technologies by enterprises to meet the need for growing business along with the development of more electronic data and combination of transport service. The SD-WAN is a component of networking technology that uses software-defined networking (SDN) principles to manage and optimize the performance of wide area networks (WANs). It gives businesses the opportunity to securely link users, programs, and data spread across several sites while enhancing performance, dependability, and scalability. Additionally, SD-WAN makes managing WANs easier by giving centralised control and network visibility. In an effort to maintain high speeds and maximise connectivity, businesses are increasingly utilising SD-WAN solutions to control traffic and monitor the performance of WAN connections. Numerous innovations carried out in cloud computing, and 5G infrastructure technologies are expected to enhance the features of SD-WAN. This, in turn, is expected to drive market growth during the forecast period.
Increasing SD-WAN Demands for Network Privacy and Visibility Support
The current surge of digital innovation, remote work, and cloud usage has increased the demand for SD-WAN with security, which has caused businesses to reevaluate their network architecture. Software defined wide area networks (SD-WAN) are becoming increasingly popular among organizations that are eager to embrace digital transformation. Network security providers and IT enterprises are enabling SD-WAN to centralize the control function to steer traffic securely and intelligently. This has provided the edge for applications performance and offers a high-quality user experience which is contributing to the growth in business productivity, agility and controls the IT costs. Moreover, the network cannot be sufficiently protected from attacks by the old WAN solutions, and they provide a poor overall level of management. As a result, businesses are constantly updating their IT infrastructure to lessen the likelihood of criminal activity. Furthermore, SD-WAN helps with traffic monitoring and measurement, gives the IT department extensive access into the WAN, and makes it possible to immediately identify a security assault. Therefore, increasing SD-WAN demand for network privacy and visibility support are expected to drive the adoption of SD-WAN in the global market.
Digitalization and Increasing Adoption of Advanced Technologies is Driving Market Growth
The rising adoption of advanced technologies and growing digitalization are driving the growth of SD-WAN market globally. The involvement of enterprise in adopting artificial intelligence (AI), machine learning (ML) and virtual reality (VR) applications during IT process requires enhanced network capacity. In many companies, improving the efficiency of platforms and apps used by businesses for marketing, social media, and e-commerce initiatives is one of the main goals of digital transformation. Moreover, SD-WAN is helping enterprises to save money and enabling a more flexible infrastructure, increasingly digitizing need for various network processes as need for connectivity is growing. By replacing expensive MPLS lines with internet connections, enterprises can reduce costs by up to 80%. Furthermore, businesses may connect from everywhere due to SD-WAN, allowing customers to stay connected when travelling for work or working remotely from another location. Thus, growing digitalization and increasing adoption of advanced technologies are driving the growth of Global SD-WAN market during the forecast period.
Increase Number of Cloud-Based Solutions to Propel Growth of Market
With the growing benefits of integrating cloud services, the enterprises are rapidly adopting cloud-based solutions into their infrastructure. The technology is helping in delivering an effective cloud connection to the network. SD-WAN simplifies secure site-to-cloud connections helping to meet the bandwidth demands. Branch networking requirements are changing with the widespread adoption of cloud services that are connected over the Internet. As cloud services connected through the internet become more and more popular, the need of effective branch networking is evolving. In practice, companies are compelled to rely more heavily on the internet than on private MPLS to support their cloud-based applications. The number of individuals utilizing the internet has increased, as a result the demand for cloud-based services is also rising. The SD-WAN sector has greater options because of the usage of cloud-based services, which also leads to easier network management, high application performance, increase bandwidth and network availability, and reduce overhead costs. Therefore, increasing number of cloud-based solutions are attributing the growth of global SD-WAN market during the forecast period.
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Market Segmentation
Recent Advancements
- On06 Dec, 2022, Cisco Systems, Inc. an American-based multinational digitalcommunications technology conglomerate announced the enhancement of its Software-designWAN 17.10 solutions. The upgrade will provide the enterprises an option to makethe product more conductive to multi-cloud networking and SaaS applications. Themove comes in response with an increasing demand in the SD-WAN technology thatenables multi-cloud networking.
- On08 Nov, 2022, VMware, Inc. a solution provider of multi-cloud services announcedthe launch of next-generation SD-WAN solution, including a new SD-WAN Client,to help enterprises more securely, reliably, and optimally deliverapplications, data, and services.
Company Profiles
Cisco Systems Inc., Citrix Systems Inc., Fortinet Inc., Oracle Corporation, Juniper Networks Inc., Palo Alto Networks Inc., Aryaka Networks Inc., Riverbed Technology LLC, VMware Inc., and Hewlett Packard Enterprise Company
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Component By Organization Size By Deployment Mode By Use Cases By Vertical By Region |
| Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
| Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | Cisco Systems Inc., Citrix Systems Inc., Fortinet Inc., Oracle Corporation, Juniper Networks Inc., Palo Alto Networks Inc., Aryaka Networks Inc., Riverbed Technology LLC, VMware Inc., Hewlett Packard Enterprise Company |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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