According to a new research report titled ‘Software-Defined Wide Area Network (SD-WAN) Market (By Component: Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]; By Deployment Model: On-premise, Cloud, Hybrid; By Application: IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026’ by Acumen Research and Consulting.
LOS ANGELES, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The global software-defined wide area network (SD-WAN) market is forecasted to grow at a stable CAGR around 58% during the forecast period 2018 to 2026.
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According to the report named “Software-Defined Wide Area Network (SD-WAN) Market” - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”, intensifying need to reduce the complexity of WAN infrastructure, rise in popularity of Bring Your Own Device (BYOD), growing adoption of IoT, acceleration of the mobile data traffic and increasing adoption of network virtualization technology are some of the primary factors that are boosting the software-defined wide area network (SD-WAN) market growth globally. In the network hardware devices are controlled with the help of software-defined wide area network. SDWAN helps to execute complex algorithms to the hardware components of a network. It also provides massive potential for organizations with significant network traffic and multiple locations. Cloud technology needs high bandwidth in large area network. Software-defined wide area network helps in recovering the bandwidth as per the need of cloud technology. North America is anticipated to witness the significant growth rate over the forecast period owing to the huge demand for these systems in IoT enabled networks, increasing adoption of cloud computing platforms and widespread penetration of bandwidth intensive applications.
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Growing Need to Reduce the Complexity of WAN Infrastructure and Technological Advancements to Drive the Global Software-Defined Wide Area Network (SD-WAN) Market Growth
The growing need to reduce the complexity of wan infrastructure among various organizations is major factor driving the growth of the software-defined wide area network (SD-WAN) market. Rising popularity of multiple trends including the IoT and Bring Your Own Device (BYOD) has amplified the complexity of enterprise network. These factors are expected to boost the growth of overall market and also increase the need for SD-WAN solutions with necessary support to manage these networks. Hence, the increasing rate of the mobile data traffic is boosting the demand for the technology in order to provide real time insights for the management and control of the network traffic. The increasing adoption of network virtualization technology, in order to scale the networking infrastructure by using cloud computing is anticipated to create various opportunities for the global market. This will also assist the organizations to integrate their unrelated network resources into general IT operations in a improved manner. Constant improvements are being focused by manufacturers to make them progressively compact and cost effective and increase their demand across various industries. Growing advancements in the wireless communication infrastructure, continuous improvement of product designing and escalating demand of software-defined wide area network are some of the fundamental factors boosting the growth of the global market. Growth is the increasing popularity of 5G networks is another factor that positively influencing the growth of the global market. High flexibility, improved computing power, higher efficiency, high bandwidth and low latency are the key factors to fuel the growth of the global software-defined wide area network (SD-WAN) market.
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North America to Grow at Highest Rate in Software-Defined Wide Area Network (SD-WAN) Market
Geographically, the global software-defined wide area network (SD-WAN) market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to contribute the highest revenue share and grow at significant CAGR during the forecast period owing to the huge demand for these systems in IoT enabled networks, increasing adoption of cloud computing platforms and widespread penetration of bandwidth intensive applications. Huge demand for software-defined wide area network enabled networks and growing adoption of automation across various manufacturing sector are also expected to increase the growth of the regional market. Growing gross domestic product and acceptance of standard based systems, growth in the IT industry, growing GDP and rising technological advancements in the region are some of the factors responsible for the growth of the regional market. Asia Pacific is anticipated to witness the highest growth rate over the forecast period owing to the growing need for a reliable enterprise grade network, increasing penetration of smartphone and high performance of mission critical cloud applications.
Market Players
The software-defined wide area network (SD-WAN) market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Cisco Systems, Inc., Aryaka Networks, Inc., Berkshire Partners LLC (Masergy Communications), Barracuda Networks, Inc., Citrix Systems, Inc., Ecessa Corporation, CloudGenix Inc., Cato Networks, FatPipe Networks Inc., Infovista, Oracle Corporation, Elfiq Networks, Huawei Technologies Co., Ltd., Silver Peak, Nuage Networks, Riverbed Technology, Inc., Versa Networks, Vmware, Peplink, Inc. and ZTE Corporation.
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