Software-Defined Wide Area Network Market: Technological Growth Map over Time to Understand the Industry Growth Rate
Research Reports
Apr 11, 2022
Market Overview
The software-defined wide area network market is estimated to reach USD 46.31 billion by the end of the forecasted period. The compound annual growth rate is expected at 36.9?tween the forecasted period of 2020 to 2030.
SD-WAN is a platform built into wide-area network connections such as 4G LTE and broadband internet. It is widely in demand primarily by businesses across various industry verticals due to its flexibility, openness, and cloud-based nature.
The current coronavirus situation worldwide has created Chaos amongst the few players operating in the cloud or any other technologies. Going to the strength, a significant couple of top cloud companies like Google cloud platform, Amazon, and Microsoft corporations are gaining a better market share.
The factors that are majorly contributing to the software-defined wide range networks market are the increasing adoption due to the rising mobile workers who are adding to the market’s growth. In addition to this, due to enterprise mobility, employees can create a healthy balance between work and life. All these factors have boosted services such as notebooks, tablets, and smartphones to access business applications.
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Market Segmentation
The software-defined wide area network market is classified based on the component, based on the deployment, based on the organization size, and based on the vertical.
Based on the Component:
Based on components, the global market of the SD-WAN is segmented into solutions, appliances, and services.
The appliance segment includes virtual and physical applications. The physical appliance segment includes cables, gateways, switches, access points, and others like routers. The virtual appliance segment includes the internet, web portal, and CSP.
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Based on the Deployment:
The Global software-defined wide area network market is divided based on deployment into on-premise and cloud.
The cloud segment is projected to dominate the global market over the forecast period.
Based on the Vertical:
The software-defined wide area network market is classified into retail, healthcare, manufacturing, BFSI, and IT and telecommunication based on verticals. The software-defined wide area network (SD-WAN) market is predicted to touch USD 19,093.2 Million at a whopping 38.5?GR between 2017- 2026
Based on the Organization Size:
The software-defined comprehensive area network marketing is segmented into large enterprises and SMEs based on organization size.
Based on the End-Users:
The SD-WAN market is divided into service providers and verticals on an end-user basis.
Regional Analysis
On a regional basis, the SD-WAN market is divided into Europe, North America, Asia Pacific, and the rest of the world.
The North American region will dominate the market trends. North America was valued at USD 1,297.5 million in 2019, with a CAGR of 37.5% over the forecasted period.
Europe is predicted to show the second largest share with a value of $462.5 million in 2019. In addition to this, the CAGR is expected to be 39.2%.
Industry News
SDWAN Is estimated to expand its market by launching the latest silver peak-based managed services.
Advancements are on the way in various configurations and policies. This option is present for enterprise customers. Through this offering, customers will have complete insight and visibility.
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