Software defined wan market, COVID – 19 Outbreak, Business Trends, Global Segments by Forecast 2027
Market Scenario:
Market Research Future (MRFR), in its research study, emphasizes that the global Software defined wan market 2020 is projected to rise exponentially over the forecast period, ensuring significant market valuation of USD 20,314.0 Billion by 2025 and a healthy 45.3% CAGR over the review period.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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The major market players operating in the global market as identified by MRFR are VMware, Inc., Versa Networks, Cloudgenix, Inc., Nuage Networks, CenturyLink, Inc., Cisco Systems, Inc., Oracle Corporation, Silver Peak Systems, Inc., Aryaka Networks India Pvt Ltd, Ecessa Corporation, Riverbed Technology, Cato Network, Forcepoint, Systems Inc.,and Untangle Inc. Citrix
Based on the Component, the SD-WAN market has been bifurcated into appliances and services. The appliances segment accounted for the prime market share of 55% in 2018, and it is expected to register a fast CAGR during the review period. The services segment was likely to grow at the higher CAGR of 47.7% during the forecast period.
The SD-WAN market was segmented into the cloud and the on-premises by deployment. The on-premises SD-WAN segment accounted for the largest market share in 2018, and a CAGR of 53.1 per cent is expected to be recorded during the forecast period. The cloud segment was the second-largest market in 2018 and the highest CAGR is expected to be recorded during the forecast period.
The SD-WAN sector was divided into retail, IT & telecommunications, healthcare, BFSI, manufacturing, and others cantered on Vertical. The IT & Telecommunications segment accounted for the largest market share in 2018, and a CAGR of 43 per cent is expected to be recorded over the forecast period.
The Asia-Pacific Global Software-Defined Wide Area Network Market is projected to expand over the forecast period with the highest CAGR of 50.0 per cent. Asia-Pacific was divided into China, Japan , India, South East Asia and the rest of the Asia-Pacific zone for study. This rise can also be attributed to the emergence of creative and technologically active players and the expansion of their market scope in the region by global players. Other key industry players in this market are also expanding on the Asia-Pacific market through collaboration with providers of SDN and SD-WAN solutions. The Middle East and Africa is gaining impetus, majorly owing to the provisioning of network services for utilization with more efficiency.
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE 1 MARKET SYNOPSIS 24
TABLE 2 GLOBAL SOFTWARE-DEFINED WIDE AREA NETWORK (SD-WAN), BY COMPONENT, 2020–2027 (USD MILLION) 47
TABLE 3 GLOBAL SOFTWARE-DEFINED WIDE AREA NETWORK (SD-WAN) MARKET, BY APPLIANCES, 2020–2027 (USD MILLION) 47
Continued…
List of Figures
FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SOFTWARE-DEFINED WIDE AREA NETWORK (SD-WAN) MARKET 24
FIGURE 2 GLOBAL SOFTWARE-DEFINED WIDE AREA NETWORK (SD-WAN) MARKET: STRUCTURE 26
FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES 31
Continued…
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