The Global Software-Defined Wide Area Network (SD Wan) market is forecast to reach USD 14.95 Billion by 2028, 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.
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.
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The global Software-Defined Wide Area Network (SD WAN) market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Software-Defined Wide Area Network (SD WAN) industry and offers the reader a competitive advantage to stay ahead of the other players.
Key companies operating in the global market and profiled in the report:
Aryaka, Cisco, Viptela, VMware, Silver Peak, Nokia, Huawei, Oracle, Infovista, Riverbed.
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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.
Regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Software-Defined Wide Area Network (SD WAN) Market Segmentation:
Component Type Outlook (Revenue, USD Billion; 2020-2028)
- Support and Training
- Communication service provider (CSP) SD-WAN managed services
- Cloud-managed SD-WAN
Network type Outlook (Revenue, USD Billion; 2020-2028)
- Long-Term Evolution
- Multiprotocol Label Switching
Deployment type Outlook (Revenue, USD Billion; 2020-2028)
Application Type Outlook (Revenue, USD Billion; 2020-2028)
End-user Type Outlook (Revenue, USD Billion; 2020-2028)
- IT and telecom
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