Software-Defined Wide Area Network (SD-WAN) Market Size to Touch USD 46.31 Billion, Growing at a 36.9% CAGR by 2030 – Report by (MRFR)

Market Research Future Insights

According to MRFR analysis, the Software-Defined Wide Area Network (SD-WAN) Market Size to expand at a projected rate of 36.9% from 2020 to 2030, surpassing the expected valuation of USD 46.31 billion. By isolating the network hardware from its controls, SD-WAN can make operating a wide-area network easier. For linking people to apps, it can make use of a variety of communication networking protocols, including LTE. Due to the demand for company productivity and agility, the industry will inevitably expand quickly.

Tablets, smartphones, and notebooks have been made available as a result of enterprise mobility and the adoption of BYOD policies. The need for the worldwide SD-WAN market may be fueled by the requirement for suitable networking infrastructure that complies with the most recent security regulations and offers seamless connectivity. Market expansion may be aided by the proliferation of data centers, cloud computing, corporate efforts to cut costs, and the use of smart devices. The increase in network traffic and consumer preference for high-quality streams may open up new growth prospects for market players. Utilizing SD-WAN to set application-specific data usage caps can be beneficial.

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Industry Trends:

Software-defined wide area networks may see a surge in usage due to unified communication applications. Major corporations switching to managed services as well as the ongoing transition to virtualization may accelerate adoption. The adoption of networking technology by businesses may be influenced by the transition to the cloud and advancements in video call quality. The advantages of SD-WAN, which include a focus on low network latency, lower costs, enhanced workflow, and better user experience, can persuade network managers to convert to the technology. Players who offer SD-WAN to enterprises and large companies aiming to scale may find opportunities as a result of companies with remote locations and the requirement to connect with corporate headquarters.

Key players involved in the market

• Nokia
• Riverbed Technology
• Ecessa
• Cato Networks
• Cisco Systems Inc.
• Silver Peak Systems Inc.
• VMware Inc
• Citrix Systems Inc.
• Oracle
• CENTURYLINK
• ARYAKA NETWORKS INC.

COVID-19 Impact:

The earliest effects of the COVID-19 epidemic were seen by the global SD-WAN sector. However, the rate of virtualization and the use of videoconferencing tools are anticipated to promote market expansion. The emergence of new businesses and the availability of cloud computing providers may favor industry leaders and accelerate the expansion of the global market. The need for SD-WAN is going to be driven by the creation of new products and services to guarantee employees’ seamless connectivity and access to data and apps from remote locations.

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Segmentation:

It is divided into services and appliances based on component. Due to the switch from on-premises managed services to cloud models, the services category is expected to dominate the worldwide SD-WAN market. The services can increase corporate performance while reducing operating costs.

It is separated into cloud and on-premise deployments. Due to its advantages, the cloud deployment strategy is anticipated to have high market demand. Demand for the segment may increase in the upcoming years due to cloud migration and the advent of cloud-based apps.

It is divided into BFSI, manufacturing, healthcare, retail, IT & telecommunication, and others according to vertical. The use of internetworking, the move to virtualization, and the use of technology to manage data flow can all increase demand. The market’s growth in the vertical might be influenced by the deployment of applications and quicker connections in light of changing dynamics of application delivery. On the other hand, the retail sector is projected to present new opportunities for the SD-WAN sector as participants in this sector want to reduce operating and capital expenditure.

The need for WAN may be fueled by the requirement to deliver seamless connectivity as a result of the digital transformation of services. The development of virtual fitting rooms and pop-up stores to reach clients in remote areas is anticipated to have an impact on industry demand.

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Regional Insights:

The Middle East and Africa (MEA), Asia Pacific (APAC), South America, and North America are all included in the software-defined wide area network (SD-WAN) industry.

Investments in cutting-edge network infrastructure, plans for implementing novel networking technologies, rising bandwidth needs, and the availability of skilled labor are factors that are boosting regional market demand. The United States and Canada are poised to make the largest contributions to the region.

The development of cloud data centers, IoT usage, the arrival of 5G, and BYOD are all factors that are likely to affect the demand for SD-WAN in the area. The demand for agile business models is expected to considerably increase due to the fast-changing nature of the workplace. Demand for application routing and network policy management may be driven by an organization’s centralized control of all internal locations.

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