SD-WAN or software-defined WAN (wide area network) has been gaining increasing adoption in organizations with distributed workforces in remote and branch offices. It offers various advantages for internet connectivity such as increased bandwidth and reduced cost, while alleviating concerns regarding internet security and reliability.
SD-WAN is emerging as a networking approach that can deliver better and multiple performance to improve the efficiency of data transmission. It is gradually taking over the traditional router for its ability to implement hybrid WAN by combining internet and MPLS or internet-only connectivity. Further, SD-WAN enables optimization of SaaS and cloud-based services which is rapidly penetrating into the internet world and cost-delivery of business applications.
A new forecast from Persistence Market Insights (PMR) estimates that Global SD-WAN Market will gain immense opportunities in the future and expand at significant rate during next ten years.
According to Cisco, network traffic is growing 30% year over year which will surge the demand for simplified management and operations while increasing agility and lowering costs. To that end, the company offers most reliable network solution including SD-WAN along with powerful threat protection and meet the demand for data migration to multi-cloud architectures.
Key Factors Impacting the Revenue Growth of SD-WAN Market
Owing to its advantage to provide direct access at branch and remote offices for various applications, adoption of SD-WAN is likely to witness a significant growth in range of verticals and company sizes. Many construction firms and companies with temporary work locations are deploying SD-WAN architecture to enable reliable and secure internet connectivity to corporate data centers. In addition, enterprises are focusing on improving products and solutions that help reduce the overall costs of operations. These factors are expected to be highly impactful on the growth of SD-WAN market.
Digital transformation is also considered to be one of the major driving factors of SD-WAN market, backed by enterprises deploying 3rd Platform technologies such as mobile computing, cloud computing, social businesses, and big data and analytics. Broader adoption along with increasing cloud-based SaaS applications is likely to complement the future expansion of SD-WAN market.
Growing concerns regarding secure access to SaaS and cloud may challenge the growth of SD-WAN market. In addition, bandwidth provisioning and risk of execution failure due to limited expertise will possibly create a hindrance in the market growth.
SD-WAN Market: Segmental Insights
PMR has segmented the SD-WAN market by sales channel, deployment type, and end users.
On the basis of sales channel, the SD-WAN market is segmented into value-added reseller (VAR), managed service provider (MSP), and service providers.
On the basis of deployment type, the SD-WAN market is segmented into cloud delivered solution and on-premises solution.
On the basis of end-users, the SD-WAN market is segmented into BFSI, government, healthcare, IT & telecom, retail, and others.
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SD-WAN Market: Competitive Landscape
The PMR reports highlights some of the key players operating in the global SD-WAN market including Cisco, CloudGenix, FatPipe Networks, Nuage Networks, Talari, Versa Networks, Citrix, Cybera, Mushroom Networks, Silver Peak, VeloCloud, Viptela, and others.