Software-Defined Wide Area Network (sd-wan) market Trends Share, Growth Factor, Industry Size, Growth, Type and Application with Covid-19 Impact till 2027
Market Overview:
The Software-Defined Wide Area Network (sd-wan) market is predicted to touch USD 19,093.2 Million at a whopping 38.5% CAGR between 2017- 2026, reveals the latest Market Research Future (MRFR) report. The strong software-defined WAN market growth can be accredited to rising software-defined data centres and growing adoption of private cloud.
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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
Segmental Overview:
The Global Software Defined-Wide Area Network Market has been segmented on the basis of Vertical, Deployment, Component, and Region.
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.
Regional Analysis:
The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.
North America 's market accounted for the largest market share in 2018, and the forecast period is expected to show strong growth. The key drivers for the region's SD-WAN market growth include advanced network infrastructure and the increasing network virtualization requirement.
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.
Industry News:
The global Software-Defined Wide Area Network (sd-wan) market has been affected due to the lockdown across the regions. This pandemic situation has hampered the Software-Defined Wide Area Network (sd-wan) market as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Software-Defined Wide Area Network (sd-wan) market for the forecast period.
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Table of Contents:
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
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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