Jul 8, 2020 4:00 AM ET
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iCrowd Newswire – Jul 8, 2020

Due to the increasing need for a simplified network architecture, network security and privacy, and cost-effective network management and migration of global enterprises from traditional wide area network (WAN) infrastructure to cloud-based solutions, the global software-defined wide area network (SD-WAN) market is expected to generate $9,691.0 million revenue by 2023, compared to $676.9 million in 2017. The market is predicted to witness rapid growth during the forecast period (2018–2023), with a CAGR of 54.1%.

The mushrooming demand for cost-effective network management is one of the major factors driving the growth of the SD-WAN market. The maintenance and management of traditional WAN is expensive, while configuring it manually is complex and time-consuming. Moreover, the recent times have witnessed a growing preference for mobile and cloud-based technologies, which is further increasing the complexity of the WAN. In order to overcome this problem, businesses are adopting SD-WAN solutions, which enable them to automate the WAN configuration and decrease the gross operational cost.

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The objective of this research includes;

  • Historical and the present size of the SD-WAN market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the gene therapy market and their service offerings
  • Recent strategic developments by the major players in the market

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The surging need for network security and privacy across the world is another factor driving the SD-WAN market. Owing to the increasing usage of data and the rising threats to network security, the demand for SD-WAN solutions, on account of their ability to provide data security and privacy, is surging. Additionally, the capability of SD-WAN solutions to assist in the measurement and monitoring of network traffic, which allows the IT department to quickly detect a security breach, is another factor resulting in the high demand for them.

The research includes detailed analysis of;

Based on Offering

  • Solution
    • WAN Infrastructure
    • SD-WAN control and overlay
  • Service
    • CSP SD-WAN Managed Services
    • Cloud-Managed SD-WAN

Based on Appliance

  • Virtual
  • Physical
  • Hybrid

Based on Implementation Type

  • In-house
  • Outsourced

Based on Industry

  • IT and Telecom
  • BFSI
  • Government
  • Healthcare

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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Keywords:    SD-WAN Market, SD-WAN Market Size, SD-WAN Market Share, SD-WAN Market Trends, SD-WAN Market Growth, SD-WAN Market Forecast