SD-WAN Market to be Dominated by Growing Business Agility and Responsiveness Across the Globe Through 2028
Increasing SD-WAN demands for network privacy and visibility
support are driving the implementation of the SD-WAN market across the globe.
According to
TechSci Research report, “SD-WAN Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028”. The global SD-WAN market is growing owing
to rapid growth in digitalization and increasing adoption of advanced
technologies by enterprises to meet the need for growing business along with
the development of more electronic data and combination of transport service.
Vendors globally are making significant product innovations by integrating
technologies such as artificial intelligence (AI), advanced robotics and Industrial
Internet of Things (IIoT) to cater to customer needs and market requirements.
Moreover, the increasing number of cloud-based solutions along with the rising
enterprise focus on reducing operation expenditure (OPEX) with SD-WAN are
further driving the growth in global SD-WAN market.
The SD-WAN is a component of
networking technology that uses software-defined networking (SDN) principles to
manage and optimize the performance of wide area networks (WANs). Companies are
progressively using software-defined wide area network solutions to reduce the
pricing burden by leveraging the local internet access, rendering the direct
cloud access while lower complexity and overlay aids in optimizing the Multiprotocol
Label Switching (MPLS) economies by directing the precise information to the
specific connection. Numerous innovations carried out in artificial
intelligence (AI), and machine learning (ML) technologies are expected to
enhance the features of SD-WAN. An SD-WAN is a more practical and
cost-effective one-time investment that automate network management and cut out
expensive and hardware costs. Furthermore, businesses are adopting
SD-WAN to reduce overhead and support new applications and services attributed
to the growth of SD-WAN market globally.
With the outbreak of the
COVID-19 pandemic and the slowdown in the economy sparked digital innovation
and the use of cloud services by businesses, particularly software-defined wide
area networks (SD-WAN). The demands for SD-WAN tied with security have since
been steadily increasing. As various organizations adopted remote working
environment due to the imposition of lockdown, uncertainty for the new normal.
The shift is driving organizations to think deeply about their network
infrastructure. Many enterprises have become heavily dependent on software-defined
wide area networks by addressing growing requests to reduce the equipment
density at branch sites, which simplifies network design and drastically lowers
WAN administration costs.
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On the basis of component,
the market is further bifurcated into solutions and service. Based on
organization size, the market is segmented into small & medium enterprises
(SMEs) and large enterprises. On the basis of deployment mode, the market is
segmented into on-premises and cloud. On the basis of use cases, the market is further
segmented into branch connectivity, application control, security, and network
operations visibility. On the basis of vertical, the market is further split
into healthcare, retail & consumer goods, banking, financial services &
insurance (BFSI), information technology (IT) & telecom, manufacturing, and
others. On the basis of region, the market is divided into North America,
Europe, Asia-Pacific, South America, and Middle East & Africa.
The on-premises segment
dominated the SD-WAN market in 2022 and is expected to maintain its dominance
during the forecast period. The enterprises are rapidly adopting numerous on-premises
SD-WAN architecture for performing real-time traffic management at each site. For
businesses hosting all their applications internally, without using any cloud
apps, the on-premises solution is appropriate. The on-premises implementation
offers a number of advantages, including faster WAN app performance, real-time
traffic shaping, cheaper monthly expenses, and greater data recovery thanks to
stronger connection backup. Therefore, it is anticipated that a number of
advantages of the on-premises SD-WAN implementation will fuel the segment’s
expansion.
The service segment is
expected to register fastest growth during the forecast period. Solution based SD-WAN
by use component is expected to acquire high traction in the SD-WAN market, mainly
owing to the shift to multi-cloud environments and strong need for secured
network infrastructure by market players in the global SD-WAN market. Moreover,
the rising demand for software to strengthen the internet services for secured
connection within the companies are enabling the solution-based SD-WAN
services. Many enterprises are introducing SD-WAN based solutions for better
integration, as the service providers have the credibility to offer innovative solutions
which overcome the need for manual configuration, improve the bandwidth at a
low cost, and secure the transfer files over the cloud.
Key market players in the global
SD-WAN market include:
- Microsoft Corporation
- IBM Corporation
- Disco, Inc.
- OpenText Corporation
- NextPoint, Inc.
- KLDiscovery
- Epiq Systems, Inc.
- CloudNine
- Relativity
- Logik Systems, Inc.
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“The North America region
shows substantial growth prospects for SD-WAN which can be attributed to the
significant benefits it offers to enterprises, including improved customer
satisfaction, early identification of key documents and issues, increased
accuracy, reduced operating costs, and enhanced operating efficiency. The SD-WAN
is gaining traction and is expanding to various countries in North America,
including the United States, Canada, and Mexico. Owing to the early adoption of
technologies such as cloud computing, 5G infrastructure and artificial
intelligence coupled with the presence of massive number of companies in the region,
the United States leads the SD-WAN market in North America and is expected to
continue its dominance in Global SD-WAN market during the forecast period as
well,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“SD-WAN Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions,
Service), By Organization Size (Small & Medium Enterprises (SMEs), Large
Enterprises), By Deployment Mode (On-premises, Cloud), By Use Cases (Branch
Connectivity, Application Control, Security, Network Operations Visibility), By
Vertical (Healthcare, Retail & Consumer Goods, Banking Financial
Services & Insurance (BFSI), Information Technology (IT) & Telecom, Manufacturing,
Others), By Region, Competition Forecast &
Opportunities, 2028F”, has
evaluated the future growth potential of SD-WAN and provides statistics and information on market structure, size, share,
and future growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global SD-WAN market.
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