As indicated by Acumen Research and Consulting, the global software-defined wide area network (SD-WAN) market size is evaluated to grow at CAGR around 58% over the estimate time frame. Intensifying need to reduce the complexity of WAN infrastructure, rise in popularity of Bring Your Own Device (BYOD), growing adoption of IoT, acceleration of the mobile data traffic and increasing adoption of network virtualization technology have boosted the growth of the global software-defined wide area network market. The North America market is likely to grow at remarkable CAGR due to huge demand for these systems in IoT enabled networks, increasing adoption of cloud computing platforms and widespread penetration of bandwidth intensive applications.
IT & Telecom is Anticipated to Witness a High Demand over the Forecast Period
On the basis of end-use, the software-defined wide area network market is divided into BFSI, IT & telecom, healthcare, government, retail & consumer goods and manufacturing. IT & Telecom segment is forecasted to dominate the global software-defined wide area network market during the forecast period owing to the growing usage of software-defined wide area network in various IT and telecom applications. Growth in the demand for Smartphone is resulted in the rise in usage of bandwidth-intensive applications and this factor is offering immense growth opportunities to the software-defined wide area network market. Furthermore, the increasing rate of the mobile data traffic is boosting the demand for the technology in order to provide real time insights for the management and control of the network traffic. The increasing adoption of network virtualization technology, in order to scale the networking infrastructure by using cloud computing is anticipated to create various opportunities for the global market. This will also assist the organizations to integrate their unrelated network resources into general IT operations in a improved manner. The demand for a secure and robust WAN architecture is increasing in order to improve the network performance and get high connectivity as IT organizations are rapidly expanding their business operations across the globe and shifting to the cloud platforms. On the other hand, BFSI segment is also expected to show significant growth during the forecast period owing to the rise in the adoption of cloud computing and growing need for high connectivity network.
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North America to Continue to Grow at Maximum Growth Rate during the Forecast Period
Geographically, the global software-defined wide area network (SD-WAN) market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to accumulate highest market share in the global software-defined wide area network market. North America is expected to grow at ample growth rate over the forecast period owing to the huge demand for these systems in IoT enabled networks and growing adoption of automation across various manufacturing sector. Rapid growth in the communication industry is the primary factor influencing the growth of the regional software-defined wide area network market. The huge demand for these systems in IoT enabled networks, increasing adoption of cloud computing platforms and widespread penetration of bandwidth intensive applications are driving the growth of the regional market. Rising initiatives taken by governments and growth in the modernization of the IT infrastructure are supplementing the overall market growth. Large numbers of small and large scale organizations from the region are rapidly investing in software-defined wide area network systems in order to offer high connectivity networks to the customers. Asia Pacific is also anticipated to growth at considerable pace during the forecast period the growing need for a reliable enterprise grade network, increasing penetration of smartphone and high performance of mission critical cloud applications.
Eurotech Group, Digi International, Mercury Systems and Advantech, Radisys are Likely to Continue to Lead the Global Software-Defined Wide Area Network (SD-WAN) Market
The software-defined wide area network (SD-WAN) market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Cisco Systems, Inc., Aryaka Networks, Inc., Berkshire Partners LLC (Masergy Communications), Barracuda Networks, Inc., Citrix Systems, Inc., Ecessa Corporation, CloudGenix Inc., Cato Networks, FatPipe Networks Inc., Infovista, Oracle Corporation, Elfiq Networks, Huawei Technologies Co., Ltd., Silver Peak, Nuage Networks, Riverbed Technology, Inc., Versa Networks, Vmware, Peplink, Inc. and ZTE Corporation.
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