Soaring Demand for Mobility Services to Catapult Growth; Software-Defined Wide Area Network Market to Witness a CAGR Of 31.6% through 2032 The software-defined wide area network (SD-WAN) market is predicted to increase at a 31.6% CAGR from USD 3.4 billion in 2022 to USD 53.8 billion by 2032. Software-defined wide area network solutions are in high demand across all industries to manage complex and diversified network infrastructure at a cheap cost.
Software-defined wide area network solutions meet the cloud application’s requirements for increased bandwidth and low latency while optimising bandwidth. Software-defined wide area network streamlines network complications such as WAN network configuration, administration, and optimization, are some of the other factors expected to boost the software-defined wide area network market statistics.
Adopting the same is expected to bring about potential software-defined wide area network market growth opportunities. The demand for software-defined wide area network is increasing as firms rely heavily on the work-from-home effort as a result of the COVID-19 epidemic. Organizations are searching for innovative networking solutions to improve agility and security in order to support remote working.
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The pandemic’s supply chain disruption is causing a short-term barrier, notably in the deployment of software-defined wide area network equipment. COVID-19 is predicted to have a favourable software-defined wide area network market trends. Due to supply chain interruptions, the software-defined wide area network market may see a little decline.
During the projected period, North America is estimated to have the biggest software-defined wide area network market share in the global software-defined wide area network market. Due to the large-scale installation of software-defined wide area network solutions by service providers and verticals in the nation, the United States has emerged as the largest country for software-defined wide area network market opportunities in terms of market size.
Large CSPs in the United States include AT&T, Sprint, T-Mobile, CenturyLink, and Verizon. To decrease CAPEX and streamline network operations, business sectors are using software-defined wide area network solutions in their core networks to positively affect the software-defined wide area network market future trends.
KEY TAKEAWAYS:
- In the United States, the software-defined wide area network market is estimated to reach US$ 19 Billion by 2032, increasing at a CAGR of 31.3% through 2032.
- The software-defined wide area network market in the United Kingdom is expected to be worth US$ 2.28 Billion by 2032, with a CAGR of 30.5% through 2032.
- China’s software-defined wide area network market is expected to reach US$ 3.9 Billion by 2032, with a CAGR of 30.9% through 2032.
- The market for software-defined wide area network in Japan is expected to be valued at US$ 3.2 Billion by 2032, expanding at a 29.9% annual rate through 2032.
- South Korea is expected to reach a market size of US$ 1.9 Billion in software-defined wide area network by 2032, with a CAGR of 28.9% through 2032.
- The software-defined wide area network market’s cloud segment form the deployment category is predicted to develop at a CAGR of 32.5% through 2032.
- Through 2032, large enterprises in the software-defined wide area network market’s organization size sector will grow at a CAGR of 33.2%.
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COMPETITIVE LANDSCAPE:
Cisco, VMware, Silver Peak, Aryaka Networks, Nokia, Adaptiv Networks, Peplink, Lavelle Networks, Martello Technologies, Mushroom Networks, and Bigleaf Networks are key players and innovative providers in the worldwide SD-WAN industry.
To expand in the worldwide SD-WAN market, these companies have used a variety of organic and inorganic techniques.
These companies provide software-defined wide area network solutions to meet software-defined wide area network market demands and needs.
To extend their influence in the software-defined wide area network market trends, these vendors have used a variety of organic and inorganic growth tactics.
RECENT DEVELOPMENT:
A couple of recent developments in software-defined wide area network market are as follows:
- Aryaka announced a partnership with T-Systems Switzerland (part of Deutsche Telekom’s large-business section) for the Swiss business enterprise market in May 2020. T-Systems Switzerland will use the Aryaka SD-WAN solution for its clients in Metropolitan Area Network, Managed LAN, Unified Communications (UCC), and Network Security Services.
- Cisco published a security fix for their SD-WAN solution’s vContainer in June 2019, which included a bug that might allow an attacker to establish a Denial of Service (DoS) situation.
- HPE announced the acquisition of Aryaka Networks, a major vendor of SD-WAN technology, in July 2020. This purchase will significantly strengthen HPE’s position in the SD-WAN industry.
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