Software-defined Wide Area Network Market Outlook 2031
The global software-defined wide area network market size was valued at USD 2.53 Billion in 2022 and is anticipated to reach USD 23.85 Billion by 2031, expanding at a CAGR of 28.31% during the forecast period, 2023-2031.
Software-defined wide area network (SD-WAN) is a unique software of software-defined networking (SDN) platform that applies to WAN connections such as long-term elaboration, multiprotocol marker switching, or broadband internet. The top functioning of the SD-WAN is to join enterprise networks, its information centers, and department workplaces over a considerable geographic distance.
Software-defined Wide Area Network Market Trends, Drivers, Restraints, and Opportunities
- Rising interest for mobility/portability administrations for effective handling of large volume of business operations is driving the market growth.
- Growing adoption of cloud computing platforms to allow secure and protection of data and a large volume of information is a key factor driving the market development.
- Unwavering quality issues in SD-WAN and high cost of using advanced software networking platforms are the main restraining factors, which can hamper the market growth in the coming years.
- Issues such as security concerns and violation of user privacy can limit the market growth.
- Expanding digital network traffic and rapid development of advanced cloud technology are key factors offering immense market growth opportunities.
Scope of Software-defined Wide Area Network Market Report
The report on the global software-defined wide area network market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Software-defined Wide Area Network Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Components (Solution [Appliances and Software] and Services [Consulting, Training & Support, and Implementation]), Deployments (Cloud and On-premises), Organization Sizes (Large Enterprises and SMEs), End-users (Service Providers and Verticals [Retail, BFSI, Manufacturing, Healthcare, Transportation & Logistics, Energy & Utilities, Government, and Others])
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Cisco; VMware; Silver Peak; Aryaka Networks; Nokia; Adaptiv Networks; Peplink; Lavelle Networks; Martello Technologies; Mushroom Networks; and Zenlayer
Software-defined Wide Area Network Market Segment Insights
Components Segment Analysis
Based on components, the global software-defined wide area network market bifurcated into solution and services. The solution segment is further divided into appliances and software while the services segment consists of consulting, training & support, and implementation.
The software segment is anticipated to register a high growth rate in the coming years owing to rapidly growing adoption of various advanced digital networking software among various industries.
These software programs provide scalability, flexibility, or fastness of the network for various business operations. SDN controllers consign centralized management to organizations, which in turn, improving the normal network efficiency.
Deployment Segment Analysis
On the basis of deployments, the market is segregated into cloud and on-premises. The cloud segment is projected to hold large market share due to rising demand for the platform that offer effective functionalities, high higher flexibility, lower cost, or faster service.
The cloud-enabled SD-WAN deployment model provides various benefits of the services as the on-premises platform can bring wider connecting to a virtual or cloud gateway. Cloud passage is increasingly adopted in SD-WAN since the cloud-based applications are key components of certain so instruments such as Office 365 and Dropbox.
Organization Sizes Segment Analysis
In terms of organization sizes, the global software-defined wide area network market is bifurcated into large enterprises and SMEs. The large enterprises segment is expected to constitute a large market size owing to rising need expertise in IT department among big companies. The SD-WAN technology is likely to expedite or ease troubleshooting for networks of huge organizations with the aid of having advanced software networking platforms.
End-users Segment Analysis
Based on end-users, the market is divided into service providers and verticals. The verticals segment is further divided into retail, BFSI, manufacturing, healthcare, transportation & logistics, energy & utilities, government, and others.
The service segment is anticipated to grow at a robust CAGR during the forecast period as several service providers are increasingly entering into partnering with SD-WAN providers to supply effective SD-WAN for various enterprises.
In terms of regions, the global software-defined wide area network market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 and is anticipated to dominate the market in the coming years owing to wide implementation of SD-WAN among major industries especially based in the US.
The country has emerged as one of the largest countries for SD-WAN in terms of demand size and large-scale implementation of SD-WAN solutions by employment carriers such as AT&T, Sprint, T-Mobile, Century Link, and Verizon.
In addition, verticals including finance, retail, manufacturing, or healthcare are implementing SD-WAN solutions among their core network to limit CAPEX or streamline network operations.
- Training & Support
- Service Providers
- Transportation & Logistics
- Energy & Utilities
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Silver Peak
- Aryaka Networks
- Adaptiv Networks
- Lavelle Networks
- Martello Technologies
- Mushroom Networks
Key players in the global software-defined wide area network market are Cisco; VMware; Silver Peak; Aryaka Networks; Nokia; Adaptiv Networks; Peplink; Lavelle Networks; Martello Technologies; Mushroom Networks; and Zenlayer. These players have engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.