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SD-WAN Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027
Published Date: January 2020
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Report Code: QYRE-Othe-2E221
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SD-WAN Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027

Code: QYRE-Othe-2E221
Report
January 2020
Pages:106
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

SD-WAN Market Statistics -2027

The global SD-WAN market size is projected to reach US$ 5220.9 million by 2027, from US$ 995.2 million in 2020, at a CAGR of 26.2% during 2021-2027.

Key drivers of the SD-WAN market include the growing need for cost-effective network management. The growing importance of SD-WAN in financial services and the BFSI industry will fuel the market’s growth in the coming years. The increasing importance of mobility services will drive the growth of the market in the forthcoming years.

sd-wan market

SD-WAN Market Trends

Need for Superior Network Traffic

The worldwide penetration of the internet has led to a ubiquitous need for enhanced network traffic for video streaming and seamless digital connectivity. An SD-WAN uses a centralized control function to handle the traffic intelligently and securely across the entire spectrum. The application performance and user experience quality are enhanced drastically. This ultimately increases productivity, and agility and decreases IT costs. This will fuel the growth of the SD-WAN market in the forthcoming years. An SD-WAN solution provides optimal performance under any network condition including congestion or impairments. Businesses are able to respond automatically and in real-time. Manual IT intervention is prevented completely. Moreover, the solution has the ability to direct traffic on multiple links. It can easily overcome the challenges of packet loss, jitter, and latency while delivering superior application performance. A total transport outage is handled through dynamic redirection that avoids interrupting business-critical functions like voice and video communication. Security services are consistent with minimal human intervention. The network monitors each and every device in the system. Thousands of nodes are spread out evenly across the network for decreasing the overall attack surface and any security breach.

BFSI Industry

The rise of cloud and digital banking solutions along with changing customer perceptions is leading to drastic changes in the financial services industry. The onset of the pandemic has led to a growing shift toward work from models. A large number of employees have gone remote. They are demanding smooth access to the corporate network. The bandwidth requirements have grown considerably and more applications are moving toward cloud platforms. Traditional legacy networks are no longer feasible thereby giving a huge boost to the growth of the SD-WAN market in the forthcoming years. A financial organization has a large number of branches scattered across various places. A single MPLS internet link hinders the connectivity of business-critical voice and video applications. An SD-WAN supports application steering with numerous wide area network connections for several remote offices. An organization with SD-WAN network connectivity enjoys the benefits of WAN automation, traffic shaping, and reduced reliance on IT infrastructure. An sd wan network provides improved visibility and control over an entire network infrastructure.

Huge Demand for Mobility Services

Enterprise mobility is growing rapidly. The increasing deployment of mobile personal devices such as smartphones, tablets, and notebooks has led sd wan market leaders to introduce products that allow seamless access to corporate networks. This will augment the growth of the SD-WAN market in the upcoming years. The existing IT infrastructure is under immense pressure for configuring these devices in a robust and reliable manner while meeting regulatory standards. The massive expansion of mobile datasets calls the need for parallel processing o multiple servers and seamless interconnections. There is a consistent demand for additional network capacity and sophisticated solutions. Data centers and telecom carriers are relying on SD-WAN for scaling up the network size to unimaginable heights.

Challenges of SD-WAN

An SD-WN network equips organizations with the capacity to control their traffic during extreme outage scenarios. However, there are certain complexities involved. An SD-WAN alone cannot guarantee the reliability of services if all the network paths become difficult to access. Moreover, the network is not equipped with on-site security features as a cybersecurity issue in a single machine can compromise the safety of an entire organization. This will deter the growth prospects of the SD-WAN market in the subsequent years. There are additional technical issues as the router stops working completely if it does not receive automatic firmware updates. The IT staff need to be reskilled in order to handle the new technology which is a time-consuming and expensive process. Organizations are hesitant to accept SD-WAN networks and rely completely on older connections.

SD-WAN Market Analysis

Based on application, the BFSI industry will dominate the SD-WAN market share due to being early adopters of new technology for effective network management.

Based on type, the segmentations include virtual appliances, physical appliances, and hybrid. A virtual appliance is a preconfigured software solution installed on a virtual machine. While a hybrid WAN transmits the network to over two or more connection types. 

Based on region, North America is expected to dominate due to the rising demand for centralized network management for handling 5G connections. On the other hand, Asia-Pacific will grow the fastest in the SD-WAN market share due to rising investments in infrastructure modernization and the growing application of AI and IoT

Major Players in the SD-WAN Market

  • Cisco
  • Citrix System
  • Aryaka Networks
  • Cloudgenix
  • Ecessa
  • Silver Peak Systems
  • Velocloud
  • Viptela
  • Elfiq Networks
  • Peplink
  • Versa Networks 

SD-WAN Market Segmentation

SD-WAN Market by Regions/Countries 

  • North America
  • Europe
  • China
  • Rest of Asia Pacific
  • Central & South America
  • Middle East & Africa 

SD-WAN Market by Type

  • Virtual appliance
  • Physical appliance
  • Hybrid 

SD-WAN Market by Application

  • BFSI
  • Retail
  • Healthcare
  • Government
  • IT & Telecom
  • Manufacturing
  • Others 

Scope of the SD-WAN Market Report

Report Metric

Details

Report Name

SD-WAN Market

The market size in 2020

USD 995.2 Million

The revenue forecast in 2027

USD 5220.9Million

Growth Rate

CAGR of 26.2% from 2021 to 2027

Base year considered

2020

Forecast period

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market by Type

Virtual appliance, Physical appliance, Hybrid

Market by Applications/Enduser

BFSI, Retail, Healthcare, Government, IT & Telecom, Manufacturing, Others.

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How big is the SD-WAN Market?

Ans. SD-WAN market size is projected to reach US$ 5220.9 million by 2027, from US$ 995.2 million in 2020, at a CAGR of 26.2% during 2021-2027.

2. Which Segment will Dominate SD-WAN market based on application?

Ans. Based on application, the BFSI industry will dominate the SD-WAN market share.

3. What is the forecast period in SD-WAN Market?

Ans. The Forecast period in SD-WAN market is from 2020 to 2027.

4. Which region dominated in the global sd-wan market?

Ans. North America is expected to hold the largest sd-wan market share in 2018 and is expected to continue its dominance during the forecast period.

Table of Content

 

List of Tables & Figures

 

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