The global wide area network optimization market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for solutions that support businesses to affectively monitor and manage data center networks.
With the surfacing of next-generation 5G networks, several communicational service providers globally are positioning virtualized radio access network and core network to decrease overall infrastructure and other indirect expenses involved. In addition, the need for edge computing is considerably rising in enterprises to reduce latency rate during the computation of data. Thus, to minimize their network affectively by enabling minimum downtime, communicational service providers and enterprises are executing optimization solutions. These solutions also help enterprises in providing enhanced network capacity.
Market Trends, Drivers, Restraints, and Opportunities
- The execution of WAN optimization software enables organizations to boost the performance of their centralized applications and provide an effective user experience to employees which are expected to boost the market.
- Increasing demand for computing among enterprises to reduce latency rate during the computation of data is estimated to drive the market.
- Business organizations are searching efficient ways to manage their network and alleviate the overall response time to customers this unmet demand is expected to fuel the market.
- Increased adoption of WAN software across the enterprises has fueled the market growth.
Scope of the Report
The report on the global wide area network optimization market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Wide Area Network Optimization Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Components (Solution [Traditional WAN and SD-WAN], Services [Advisory Services, Implementation & Integration, and Training & Support]), Deployment (Cloud-based and On-premise), Enterprise Size (Large Enterprises and SMEs), Verticals (BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Media & Entertainment, Government & Defense, Education, Energy & Utility, 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
HPE (Silver Peak); Cisco Systems, Inc.; Citrix Systems, Inc.; Riverbed Technology; Vmware Inc.; Fortinet; FatPipe Networks Inc.; Broadcom (Symantec Enterprise); Exinda; Versa Networks, Inc.; Infovista Corporation; Blue Coat System; Aryaka Networks, Inc.; NTT Communications; Array Networks, Inc.; Circadence Corporation; and Sangfor Technologies Inc.
Market Segment Insights
The solution segment accounts for a key market share
Based on components, the global wide area network optimization market is bifurcated as solution and services. The solution segment is further segmented into traditional WAN and SD-WAN. The services segment is further segmented into advisory services, implementation & integration, and training & support. The solution segment accounts for a key share of the market owing to surging deployment of software-defined wide area networks among enterprises. However, the services segment is anticipated to expand at a rapid pace during the forecast period as deployment helps telecom operators to deliver improved quality of network experience to customers.
The on-premise segment is estimated to expand at a robust CAGR during the forecast period
Based on deployment, the market is fragmented into cloud-based and on-premise. The on-premise segment is estimated to expand at a robust CAGR owing to rising execution of on-premise solutions across big enterprises to access and transmit data securely within the organization. Meanwhile, the cloud-based segment is estimated to hold a major market share as the demand for cloud-based WAN optimization software is increasing across enterprises due to the benefits offered in terms of rapid implementation, infrastructure costs, and accessibility.
The large enterprises segment is projected to expand at a substantial CAGR
In terms of enterprise size, the global wide area network optimization market is bifurcated into large enterprises and SMEs. The large enterprises segment is projected to expand at a high CAGR owing to increased adoption of WAN optimization software among large technology firms, banks, hospitals, and e-commerce retailers. On the other hand, the SMEs accounts for a key market share due to the requisite focus on managing staff remotely.
The IT & telecom segment is attributed to expand at a significant pace
In terms of verticals, the market is classified into BFSI, healthcare, IT & telecom, manufacturing, retail, media & entertainment, government & defense, education, energy & utility, and others. The IT & telecom segment is attributed to register a high CAGR due to rising demand for remote surgeries and remote patient monitoring has witnessed a rise amidst the global pandemic.
North America is anticipated to dominate the market
In terms of regions, the global wide area network optimization market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to dominate the market owing to rising technology adoption across industry, such as telecom, healthcare, and banking. Asia Pacific is expected to constitute major share of the market owing to rising acceptance of WAN optimization solutions in the organizations.
The global wide area network optimization market has been segmented on the basis of
- Advisory Services
- Implementation & Integration
- Training & Support
- IT & Telecom
- Media & Entertainment
- Government & Defense
- Energy & Utility
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- HPE (Silver Peak)
- Cisco Systems, Inc.
- Citrix Systems, Inc.
- Riverbed Technology
- Vmware Inc.
- FatPipe Networks Inc.
- Broadcom (Symantec Enterprise)
- Versa Networks, Inc.
- Infovista Corporation
- Blue Coat System
- Aryaka Networks, Inc.
- NTT Communications
- Array Networks, Inc.
- Circadence Corporation
- Sangfor Technologies Inc.
Key players competing in the wide area network optimization market include HPE (Silver Peak); Cisco Systems, Inc.; Citrix Systems, Inc.; Riverbed Technology; Vmware Inc.; Fortinet; FatPipe Networks Inc.; Broadcom (Symantec Enterprise); Exinda; Versa Networks, Inc.; Infovista Corporation; Blue Coat System; Aryaka Networks, Inc.; NTT Communications; Array Networks, Inc.; Circadence Corporation; and Sangfor Technologies Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.