A recent report published by
Infinium Global Research on SD-WAN (Software-defined Wide Area Network) market provides
in-depth analysis of segments and sub-segments in the global as well as
regional SD-WAN market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional SD-WAN market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global SD-WAN market. According to the
report, the global SD-WAN market is projected to grow at a CAGR of 30.1% over
the forecast period of 2020-2026.
A Software-defined Wide Area
Network (SD-WAN) is a virtual wide area network architecture. This allows
enterprises to leverage any combination of transport services. It uses a
centralized control function to intelligently direct traffic across the WAN. SD-WAN
increases application performance and delivers a high-quality user experience.
This further results in increased business productivity, agility, and reduced costs
for IT. It enables cloud-first enterprises to deliver a superior quality
application for users.
As the fastest-growing segments of
the network infrastructure industry, which is driven by factors such as
enterprises are interested in easier management of multiple connection types
across their WAN. This is to improve application performance and end-user
experience. Furthermore, the rapid embrace of SD-WAN by leading communications
service providers globally. These factors continue to drive deployments of SD-WAN
and providing enterprises with dynamic management and ensure high levels of
quality of service on a per-application basis. Additionally, security and
reducing traditional WAN costs are driving SD-WAN adoption; the need to rapidly
and securely tie in cloud services is also a big motivating factor. There are a
number of trends driving the growing use of SD-WAN technologies, the major one
is the increased use of cloud-based applications. The scope of clients needing SD-WAN
service access is due to the data center or cloud resources are growing and
changing rapidly. For instance, Cisco’s 2018 Global Cloud Index says that by
2021, 94 percent of workloads and compute instances will be processed by cloud
data centers with 6 percent being processed by traditional data centers.
However, reliability issues associated with SD-WAN is affecting the growth of
the market. Moreover, the rapidly growing network infrastructure and traffic
provides a significant growth opportunity for the SD-WAN market
North America is anticipated to
hold a significant market share in the global SD-WAN market during the forecast
period. Large-scale implementation of SD-WAN solutions by service providers and
verticals in the country provides a growing demand for the market in the North
American region. Furthermore, industry verticals such as retail, manufacturing,
finance, and healthcare are largely implementing SD-WAN solutions in their core
network to streamline network operations.
The report on global SD-WAN market
covers segments such as component, deployment, and end-users. On the basis of
component, the sub-markets include solution, and services. On the basis of
deployment, the sub-markets include on-premises, and cloud. On the basis of
end-users, the sub-markets include service providers, BFSI, manufacturing,
healthcare, it and telecom, and others.
The report provides profiles of
the companies in the market such as VMWARE Inc, Cisco Systems Inc, ORACLE
Corporation, JUNIPER NETWORKS, Citrix Systems, Inc., Huawei Technologies Co.,
Ltd, ARYAKA, INFOVISTA, SILVER PEAK, and The Hewlett Packard Enterprise.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of SD-WAN market. Moreover, the study highlights current market trends
and provides forecast from 2020-2026. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.