Software-Defined Wide Area Network (SD-WAN) Market (By Component: Hardware, Software, Service; By Type: Room-based, Telepresence, Desktop; By Application: Corporate Enterprise, Education, Government, Healthcare, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
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Acumen research and consulting, estimates that the global software-defined wide area network market is anticipated to reach market size of around US$ 11,000 Mn by 2027 and is anticipated to grow at a CAGR of around 30% in terms of revenue during the forecast period 2020 – 2027.
SD-WAN is an SDN application that uses software and virtualization technologies to create a faster and more reliable WAN network. Whereas SDN concentrates more on the internal network, SD-WAN offers WAN connections between devices and networks. When businesses seek to meet their network infrastructure's changing needs in order to meet them, the market for SD-WAN is growing rapidly. The recent outbreak of COVID-19 allows companies to work from their home. The increase of home work is positive for the growth of the market because the technology is used to manage the growing use of the network and traffic efficiently.
Market Insights
Globally, companies aim to increase the quality of operations. SDWAN allows companies with high speed internet and network coverage to achieve good operating performance. Enterprise connectivity is a significant component of SDWAN and is rapidly adopted by the global increase in the number of mobile employees. It helps to secure access to company records, consistency and scalability development, continuity of operation. Employees can also maintain a healthy balance of work and life through business mobility. The use of other devices including smartphones , tablets and notebooks has been increased to access the SDWAN market for software platforms. Companies are increasing the market for SDWAN by bring your own device (BYOD) policies. With the help of SDWAN one can quickly convert traditional networks with complex architecture to simpler networks. However, ventures can invest in new technologies, electronics, architecture and installation solutions, which raise total expense with the introduction of SDWAN. Implementation will however continue to reduce savings in the long run. Concerns regarding security could limit SDWAN market development as new legislation and technology for network management will not be tried and tested.
Report coverage
The market research study on “Software-Defined Wide Area Network (SD-WAN) Market (By Component: Solution (Physical Appliance, Virtual Appliance), Service (Training & Consulting, Integration & Maintenance, Managed Services); By Deployment Mode: On-premise, Cloud, Hybrid; By Application: IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing, Others) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global software-defined wide area network market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global software-defined wide area network market are component, deployment mode, application, and major geographic regions. The software-defined wide area network market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
North America hold large market share for software-defined wide area network market in 2019 due to presence of major companies in the region is regarded as the most mature in the software-defined wide area network market. Any of the leading well-known manufacturers and end-user verticals in this region is present in the global software-defined wide area network market. The main drivers of software-defined wide area network products in North America are projected to be companies transitioning into software-defined data center technologies and services and expanded adoption of modern market strategies. On the other hand, the Asia Pacific software-defined wide area network market is projected to be the fastest-growing region with exponential growth. The increasing awareness of data management via a common interface with low ownership, the rising focus on server virtualization, and the increasing popularity of using infrastructure-as-a-service solutions are the main drivers of growth on the Asia Pacific software-defined wide area network market.
Key Players
Major players included in this report are Barracuda Networks, Inc., Cisco Systems, Inc., Cato Networks, Aryaka Networks, Inc., Ecessa Corporation, Berkshire Partners LLC (Masergy Communications), Citrix Systems, Inc., CloudGenix, Inc., Martello Technologies (Elfiq Networks), FatPipe Networks, Inc., Huawei Technologies Co., Ltd., Infovista, Nuage Networks, Oracle Corporation, Peplink, Riverbed Technology, Inc., Silver Peak, Versa Networks, VMware, Inc. (Dell Technologies), ZTE Corporation, and others.
The global software-defined wide area network market is segmented as below:
Market Segmentation
Software-Defined Wide Area Network (SD-WAN) Market By Component
Hardware
- Multipoint Control Unit (MCU)
- Codecs
- Peripheral devices
Software
- On-premise
- Cloud
Service
- Professional
- Managed
Software-Defined Wide Area Network (SD-WAN) Market By Type
Room-based
Telepresence
Desktop
Software-Defined Wide Area Network (SD-WAN) Market By Application
Corporate Enterprise
Education
Government
Healthcare
Others
Software-Defined Wide Area Network (SD-WAN) Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa