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SD-WAN market analysis (Report 2019-2027): Market size was US$ 1.25 Bn in 2018

January 23, 2020 GMT

Pune, Maharashtra, January 23, 2020 (Wired Release) Acute Global Market Reports Pvt. Ltd The overall SD-WAN market in the world was valued at US$ 1.24 billion in 2018 and is set to grow by 36.4 per cent during the forecast period.

Growing IT industry and growing cloud-based solutions worldwide are key factors in the growth of the SD-WAN (Software-Defined Wide Area Network) market. Increased mobile data traffic and the increasing adoption of mobility services are some of the other factors driving market growth. Organizations focus on reducing OPEX with the adoption of SD-Wan will also boost the market. Growing digitalization worldwide will be one of the main factors responsible for market growth in the coming years. SD-WAN controls and manages hardware devices on the network and also helps companies to configure their network. SD-WAN also helps to improve bandwidth according to the requirements of cloud-based technology. As a result of the above-mentioned drivers and market growth factors, we expect the SD-WAN market to grow enormously in the coming years.

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Based on the end-use, the BFSI segment was dominant in the SD-WAN market in 2018. The segment contributed almost 25% of the market share of revenue in 2018. In 2018, the BFSI segment was dominant due to the adoption of SD-WAN in the industry. The rapid growth of the BFSI segment and the rapid digitization of the sector worldwide are further factors driving the growth of the segment. The telecommunications and IT segments are following the BFSI segment in the SD-WAN market due to the growing telecommunications and IT sector worldwide. Increased investment in the Asia-Pacific region for the growth of the telecommunications and IT industries will also boost the growth of the segment.

Based on geography, North America was the largest contributor of value in 2018 with a market revenue share of almost 40% in the same year. The growing adoption of SD-WAN solutions, the establishment of the BFSI sector and the growing investment of venture capitalists for the growth of SD-WAN are some of the key factors in the dominance of the North American region. On the contrary, the Asia-Pacific region will grow dramatically throughout the forecast period due to the growing BFSI sector, increasing cloud-based solutions and the growing adoption of SD-WAN in the region. The expansion of major countries, such as India and China, is another factor in the growth of the SD-WAN market in the region.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

One of the key factors driving market growth across the globe is the growing need for a simplified enterprise network architecture. Traditional WANs are becoming a challenging and intensive resource for companies to manage globally. WAN architecture creates problems with managing a large number of network endpoints, as it requires a complex setup with firewalls and routers.

Managing multiple vendors, lack of network visibility and application performance, high architecture costs, ongoing administrative overhead at the headquarters of the organization, and uneven services between different locations are some of the major challenges facing companies with traditional WAN technology.

SD-WAN (Software-Defined Wide Area Network) simplifies the complexities of the network by effectively easing the installation and management of many branches. It allows the zero-touch deployment, cloud-based centralized configuration via templates, and automatic bandwidth and link performance monitoring. Because SD-WAN dramatically simplifies the complex network performance management process, this solution is increasingly being adopted by organizations.

Geographic Coverage

North America SD-WAN Market Revenue and Forecast

Europe SD-WAN Market Revenue and Forecast

Asia Pacific SD-WAN Market Revenue and Forecast

Latin America SD-WAN Market Revenue and Forecast

Middle East and Africa SD-WAN Market Revenue and Forecast

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/software-defined-wide-area-network-market

Some of the major companies identified in the report include Silver Peak, Inc., Cloudgenix Inc., Nuage Networks, Talari Networks, Inc., VeloCloud Networks, Inc., Fatpipe Networks Inc., Versa Networks, Inc., Viptela, Inc., Riverbed Technology, Inc., and Citrix Systems, Inc., among others.

Key questions answered in this report

What was the market size of SD-WAN in 2018 and forecast up to 2027?

Which is the largest regional market uplink port in its wi-fi router segment?

What are the major trends followed in SD-WAN market across different regions?

Who is the key SD-WAN companies leading the market?

What are the key strategies adopted by the leading SD-WAN companies in the market?

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global SD-WAN market specific to key segments, and regional segmentation.

Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global SD-WAN market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for the extensive commercial study of the key players operating in the SD-WAN market. In the case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for SD-WAN market study.

Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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