SD-WAN Market Insights, Growth, Emerging Trends And Forecast [2023-2033]
According to a forecast by PMR, the worldwide SD-WAN Market would expand quickly and be worth US$53 billion by the end of 2030.
A software-defined wide area network is a kind of computer network that enables the integration of various Internet access resources, including cables, digital subscriber lines (DSL), cellular, and any other IP transport to deliver high performance data channels. WAN solutions boost application performance while lowering costs, boosting agility, and resolving a number of IT issues. Businesses are implementing SD-WAN solutions to defend themselves from threats, effectively offload their expensive circuits, and simplify WAN network management. With changing business and technological requirements, such as security concerns, and the adoption of cloud platforms by various branches, it is projected that the SD-WAN market will rise at a quick rate over the projection period.
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Key Takeaways from SD-WANs Market Study
- The appliances segment in the SD-WAN market is expected to gain significant share, owing to increasing adoption of cloud platforms.
- Increasing need for fast services and app agility, and secure access to cloud applications, is boosting demand for SD-WAN solutions.
- The enterprise segment by end user is expected to hold a prominent share in the SD-WAN market, owing to the adoption of associated SD-WAN services.
- Rapid adoption of 5G applications and infrastructure is anticipated to result in significant dominance of North America in the global SD-WAN market.
- With companies across the world replying more on remote operations due to the COVID-19 pandemic, the global SD-WAN market is set to proliferate extensively from this situation.
“The number of alliances between suppliers and service providers in the SD-WAN sector is expanding significantly. Service providers now have additional options to improve the customer experience thanks to SD-WAN offerings. Throughout the projection period, this factor is anticipated to enhance use of SD-WAN.” says a PMR analyst.
Technology Advancements in SD-WAN Solutions to Boost Market Growth
Edge services are become more important as Internet of Things (IoT), cloud, and mobile application usage continue to grow. Because they lower the cost of IT infrastructure while accelerating service delivery for businesses, cloud-based services are appealing hubs for the deployment of IT solutions. Due to its wide range of functions, including enhanced flexibility, automation, and speedier services, the market for cloud-based solutions is anticipated to experience strong demand.
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Key Players :
- Cisco Systems, Inc.
- Palo Alto Networks
- Fortinet, Inc.
- VMware, Inc.
- Riverbed Technology
- Aryaka Networks, Inc.
- Versa Networks, Inc.
- CloudGenix Inc.
- Lavelle Networks
- CenturyLink, Inc.
- Silver Peak Systems
- Nuage Networks
- Ecessa Corporation
- Talari Networks
- Cato Networks
- Infovista
- IBM Corporation
More Valuable Insights on SD-WAN Market
Persistence Market Research (PMR) just released a new market research report on the worldwide SD-WAN market that analyses the industry globally from 2015 to 2019 and evaluates market opportunities from 2019 to 2030. The report offers helpful insights based on end user (service providers [telecom service providers, Internet service providers, and others] and enterprises [SMEs and large enterprises]), solution (SD-WAN appliances [physical appliances on-premise, virtual appliances cloud], and professional services [integration & deployment, consulting support & maintenance, and managed services]), and industry (BFSI, healthcare, IT & telecom, government, retail).
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