Software-Defined Wide Area Network (SD Wan) Market In-depth Insights & Statistical analysis 2019-2026
The Global Software-Defined Wide Area Network (SD Wan)
market is forecast to reach USD 9.31 Billion by 2026, according to a new
report by Reports and Data. The Software-Defined Wide Area Network market can
be seen to experience continuous growth during the forecast period. One of the
major driving factors for the growth of the market is the drastic shift and
adoption of SD Wan solutions by enterprises. The shift to SD Wan solutions has
been the result of increased demand for low infrastructural maintenance, which
can be addressed by the SD Wan solution. In traditional Wan infrastructure, the
cost of hardware appliances required for connecting to remote locations was
high. With the help of deployment of SD Wan solutions, organizations can
effectively minimize these expenses, which has resulted in increased demand for
SD Wan solutions that are contributing to the expansion of the market.
Request For Free PDF Sample Of This Research Report At: https://www.reportsanddata.com/sample-enquiry-form/1565
The growth of the market is also attributed to the extensive
adoption of cloud services like IaaS, PaaS, SaaS in different branch locations
of enterprises. While adopting cloud services, SD Wan solutions turn out to be
useful in connecting devices and users from different locations directly to cloud
data centers and ensure security and optimization of connections. The
networking of these organizations can also be easily managed with the help of
the solution. Thus, increased adoption of cloud services has a positive impact
on the growth of the SD Wan market.
In regards to the regional growth of the market, Asia
Pacific is forecast to witness the highest growth rate during the forecast
period. The growth rate of the Asia Pacific region is the result of the rise in
incorporation of cloud-based infrastructure among enterprises in this region
and emphasis on adoption of network virtualization technologies for minimizing
operational costs of networks.
Further key findings from the report suggest
- The
Software-Defined Wide Area Network (SD Wan) market held a market share of
USD 1.30 Billion in the year 2018 with a growth rate of 27.8% during the
forecast period.
- In
regards to Component, the Solutions segment dominated the market that
generated a higher revenue of USD 0.98 Billion in 2018 with a CAGR of
26.7% during the forecast period. Various advantages associated with SD
Wan solutions like the effectiveness of solution in connecting remote
users and devices directly to the cloud, ascertaining the security of the
connection and resolving issues with the Internet of things have resulted
in its increased incorporation in the operation of enterprises,
contributing to the revenue generated by this segment.
- In
context to Network type, the Broadband segment is forecast to generate the
highest revenue of USD 14 Billion by 2026 with a growth rate of 28.0%
during the forecast period. Revenue generated by the segment is the result
of the shift to broadband WAN among enterprises wherein SD Wan is useful
in physical or virtual appliances incorporated in their branch offices.
Such effectiveness of SD Wan solutions has resulted in its increased
demand in this network type, contributing to the revenue generated by this
segment.
- In
regards to Application, the Physical segment generated the highest revenue
of USD 0.95 Billion in 2018 with a CAGR of 28.0% during the forecast
period. The fact that most of the SD Wan functionality is contained in
physical appliances including dynamic path routing, firewalls, and WAN
optimization, it results in its increased demand over other applications
that contributes to the revenue generated by this segment.
- In
regards to end-user, the IT and telecom segment leads the market occupying
the largest market share of 38.0% in 2018 with a CAGR of 28.2% during the
forecast period. The market share held by the IT and telecom segment is
the result of significant advancements in this sector and the rise in
demand for enhanced bandwidth for superior performance of applications.
- In
regards to the region, Asia Pacific is forecast to experience the highest
growth rate of 29.4% during the forecast period. The growth rate of the
Asia Pacific region is the result of the incorporation of cloud-based
infrastructure among enterprises and emphasis on adoption of network
virtualization technologies for minimizing operational costs of networks
in the region.
- Key
participants include Aryaka, Cisco, Viptela, VMware, Silver Peak, Nokia,
Huawei, Oracle, Infovista, Riverbed, and
To identify the key trends in the industry, click on the
link below: https://www.reportsanddata.com/report-detail/software-defined-wide-area-network-sd-wan-market
For the purpose of this report, Reports and Data have
segmented the global Software-Defined Wide Area Network (SD Wan) market
according to Component, Network type, Deployment type, Application, End-user,
and Region:
Component Type Outlook (Revenue, USD Billion; 2020-2026)
- Solutions
- Appliances
- Software
- Services
- Implementation
- Consulting
- Support
and Training
- Communication
service provider (CSP) SD-WAN managed services
- Cloud-managed
SD-WAN
Network type Outlook (Revenue, USD Billion; 2020-2026)
- Broadband
- Long-Term
Evolution
- Multiprotocol
Label Switching
- Hybrid
Deployment type Outlook (Revenue, USD Billion; 2020-2026)
- Cloud
- On-Premises
Application Type Outlook (Revenue, USD Billion;
2020-2026)
- Virtual
- Physical
- Hybrid
End-user Type Outlook (Revenue, USD Billion; 2020-2026)
- IT and
telecom
- Healthcare
- Manufacturing
- BFSI
- Government
- Others
Regional Outlook (Revenue, USD Billion; 2020-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
Comments
Post a Comment