Growing Software Defined Wide Area Network Market to Define the Future of Networking

With each passing, new developments and innovations in technology are impacting the way things work in a significant way. Although in a nascent phase as of now, software-defined wide area network (SD-WAN) is fast gaining attention from all organizations. Growing real-time applications, workforce distribution, and cloud computing which have boosted productivity and enhanced customer satisfaction are the main reasons for the increasing adoption of SD-WAN. SD-WAN is an application that is installed in an existing WAN connection, which further helps in reducing the complexity of network and increasing the flexibility and functionality of any company. Therefore, growing need for less complex networks has stimulated the demand for SD-WAN solutions, thereby boosting the market growth as well.

Market Drivers and Restraints

The growth of the global Software Defined Wide Area Network (SD-WAN) market is being majorly influenced by the following factors:

  • Growing need for mobility services
  • Increasing deployment of SD-WAN cables in order to reduce operational expenditure
  • Increase in demand for simplified network connections over traditional complex networks
  • Affordability

Moreover, improvements in quality of service and increased usage of cloud-based technologies are likely to open the gates for good growth opportunities in the near future. However, vulnerabilities of software that may make them prone to hacking and provision of desired bandwidth pose as major challenges in front of this market.

Market Predictions

The size of the Software Defined Wide Area Network (SD-WAN) market which was estimated to be USD 4.66 Billion in 2015 is now projected to reach USD 5.57 Billion by 2020, growing at a CAGR of 3.64% during the forecast period. Among regions, North America is expected to hold the largest market share between 2015 and 2020, because of the rising demand for increasing bandwidth and dependency in high-performance networks so as to increase operational efficiency. On the other hand, Asia-Pacific is likely to offer ample growth opportunities, mainly due to the rising deployment of efficient wireless communication networks across the region, thereby boosting the market growth. However, Latin America is expected to grow at the highest CAGR over the forecast period.

Among verticals, BFSI is the largest market for SD-WAN due to the rising demand for high-speed internet and stronger network coverage.

The major players in the global SD-WAN market comprise Aryaka Networks, Cisco Systems, Talari Networks, FatPipe Networks, and Mushroom Networks, among others.

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Scope of the Research

Researchers have forecasted and analyzed the market by breaking it down into following segments and sub-segments:

  • Components: Virtual Appliance, Physical Appliance, Hybrid
  • Deployment Type: On-Premises, Cloud
  • Verticals: BFSI, Oil & Gas, Healthcare, Government, Manufacturing, Others
  • Geography: North America, Europe, Asia-Pacific, Middle East & Africa, Latin America

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