Rising Software-Defined Data Centers is Driving the Global Software-Defined Wide Area Network (SD-WAN) Market

Pune, India, May 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Software-Defined Wide Area Network (SD-WAN) Market.

Software Defined Wide Area Network Market Overview 

The software-defined wide area network (SD-WAN) market is anticipated to witness healthy growth from 2017 to 2026, a research report suggests. Growing at a CAGR of 38.5%, the market is projected to reach US$19,093.2 million by 2026. Rising network traffic to create robust opportunities is expected to support the market growth along with the shift of consumers towards video streaming. As predicted by analysts, concerns regarding the reliability of SD-WAN Network will negatively affect the market’s performance from 2017 to 2026. During the forecast period, the market will be supported by technological advancements and the growing application areas. Concerns over security on the other hand will challenge wide area network sector based organizations functioning in the global software-defined wide area network (SD-WAN) market. Analysts have split the market into component, deployment, and vertical segments based on products and services. Wide area network based companies have been profiled. The growing penetration of alternatives in the market is set to affect the global market during the forecast period 2017 to 2026. The report also provides the market’s performance forecasts till 2026. Analysts have studied the strategy of wide area network segment based organizations to help new entrants and established businesses. The wide area network sector itself is supported by the rising industrialization as well as the rise in distribution channels. During the forecast period 2017 to 2026, the software-defined wide area network (SD-WAN) market is set to witness a health growth across component, deployment, and vertical segments as well as regional markets. 

Market Segmentation 

The wide area network sector has seen growth across component, deployment, and vertical segments owing to the increasing disposable income and the rising industrialization. To study the market, analysts have further segmented component, deployment, and vertical into services and appliances on the basis of component. The market is further segmented into the deployment sub segment which is split into cloud and on-premise. Additionally, the software-defined wide area network (SD-WAN) market on the basis of vertical is segmented into BFSI, healthcare, IT and telecommunication, manufacturing, and retail. The segmental analysis presented in the report provides wide area network field based organizations insights into key growth factors such as the presence of effective communication as well as challenges such as the lack of developed infrastructure the market will face from 2017 to 2026. The growing application areas and the increasing spending power of consumers are some of the key factors having an influence on wide area network industry based companies, suggest analysts as per the software-defined wide area network (SD-WAN) market report. But the report also identifies the lack of investments in research and development and dynamic policies and regulations as major threats companies in wide area network will face till 2026. 

Regional Overview

Wide area network market based companies in the software-defined wide area network (SD-WAN) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Technological developments will be a key growth driver for regional markets. However, the unavailability of professional services will turn out to be a threat. For the forecast period 2017 to 2026 each of these regional markets are studied in the report. Starting from North America, the regional market and wide area network vertical based companies are spread across the United States, Canada, and Mexico. The lack of R&D investments will turn out to be a major challenge from 2017 to 2026. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by technological advancements as well as the increasing awareness among consumers, suggests the report. Similarly, the wide area network sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the software-defined wide area network (SD-WAN) market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2026.

Competitive Landscape 

The global software-defined wide area network (SD-WAN) market research report brings a comprehensive study of component, deployment, and vertical market segments, regional analysis, and wide area network vertical based company details of key players. As the forecast period 2017 to 2026 will bring new opportunities for the market owing to the increasing disposable income and high demand across industry verticals, the market is set to grow at a compound annual growth rate of 38.5% and is predicted to reach a value of US$19,093.2 million by 2026. With SWOT analysis of wide area network sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of investments and the lack of demand from certain regional markets, companies in the wide area network sector can change the way business is done.

Industry News 

VMware's SD-WAN product has been added to Involta's progressive solution portfolio. Involta is an industry-leading hybrid IT, cloud computing, and data centre services firm. SD-WAN managed by Involta accelerates business digital transformations by providing redundant connection that maintains network reliability and improves traffic management. Involta and VMware have teamed together to offer a best-in-class SD-WAN solution. For businesses of all sizes, VMware SD-WAN ensures business-critical system performance, simplicity of deployment, and a uniform and safe consumer experience.