The global software defined wide area network market will touch USD 46.31 billion at a 36.9% CAGR by 2030, states the latest Market Research Future (MRFR) report.
Need for Acceptable Networking Infrastructure to Boost Market Growth
The need for acceptable networking infrastructure which adheres to the latest security policies and offers seamless connectivity will boost the market growth over the forecast period.
Increase in Network Traffic to offer Robust Opportunities
Increase in network traffic coupled with consumers preferring high-quality streams to consume content will offer robust opportunities for the global software defined wide area network market in the forecast period.
Reliability Issues to act as Market Restraint
The reliability issues of SD-WAN and the incapability of network providers to filter sensitive data may act as market restraint in the forecast period.
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Issues Related to Operation of Hybrid Networks to act as Market Challenge
The issues related to operation of hybrid networks may act as market challenge over the forecast period.
The global software defined wide area network market is bifurcated based on vertical, deployment, and component.
By component, services will lead the market over the forecast period.
By deployment, the cloud segment will dominate the market over the forecast period.
By vertical, the IT and telecommunication segment will spearhead the market over the forecast period.
The COVID-19 outbreak has impacted the global software defined wide area network market in the initial stages. Yet the pace of virtualization and the usage of videoconferencing solutions may facilitate growth. The emergence of novel startups and the presence of cloud computing providers are boosting market growth. The development of new services and products to ensure seamless connectivity of employees as well as access to data and apps from remote areas are also boding well for the market growth.
North America to Precede Software Defined Wide Area Network Market
North America will precede the software defined wide area network market over the forecast period. Investments in advanced network infrastructure, various schemes to roll out new networking technologies, the increased bandwidth needs, the presence of skilled personnel, increasing adoption in the US and Canada, large scale implementation of SD-WAN solutions via service providers and verticals in the US, the US being the home to different large CSPs, increasing implementation in various verticals such as healthcare, manufacturing, retail, and finance to streamline network operations and reduce CAPEX, the increase in smartphone penetration, the high adoption of cloud computing platforms, & increase in the investments in broadband infrastructure are adding to the global software defined wide area network market growth in the region.
Key industry players profiled in the global software defined wide area network market report include Untangle, Forcepoint, Citrix Systems Inc., Cato Networks, Riverbed Technology, ARYAKA NETWORKS INC., Ecessa, Silver Peak Systems Inc., CENTURYLINK, Oracle, Cisco Systems Inc., Nokia (Nuage Networks is a Nokia venture), Palo Alto Networks Inc., VMware Inc., and Versa Networks Inc. among others.
Key players have incorporated several strategies to stay at the forefront such as new product launches, geographic expansions, mergers, and more.
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