The Managed SD-WAN Services market is estimated to reach around US$ 11.0 Bn in 2031 with an expected CAGR of 30%, during the forecast period 2021-2031. SD-WAN is a virtualized WAN connection that overlays and combine all existing network connections.
SD-WAN optimizes routing path according to business priorities policies and bandwidth and also allow organizations to manage traffic dynamically for ensuring high levels of SD-WAN performance and security. Managed SD-WAN services offer benefits in terms of control, speed and convenience and require expertise for managing and set up.
Managed SD-WAN service is used for application-based networking where application traffic is moved ahead over different WANs are based on priority policies of business and QoS Security. SD WAN services are operated either by service provider or enterprise.
Enterprises are preferring to have a Managed Service Provider (MSP) or Communications Service Provider (CSP) for delivering the SD WAN managed service rather than implementing and operating themselves, as the network management and operations is not their core business.
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How Integration of 5G Technology and SD-WAN Will Drive the Market Growth
Adoption of SD-WAN and 5G technology is increasing globally. According to estimates around 30% of enterprises have implemented SD-WAN in 2020 and market for 5G system will rise at expected CAGR of 40%.
However, by combining SD-WAN with 5G will completely transform the entire networking landscape for next generation enterprises by enabling a real impact in enterprise branch networking and interconnecting system, data, applications, cloud at the edge.
SD-WAN enabled by 5G would help in reducing operational cost due to increased WAN bandwidth capacity. As the 5G can help in decreasing transport time of data and SD-WAN helps in moving the computing function to the cloud the enterprises so that they can quickly process large volume of data as the resources can be positioned closer to edge devices and this helps enterprises to reduce hardware cost and energy consumption.
The 5G high speed network attracts hackers due to increase in web-traffic without any security foundation. However, SD-WAN helps in strengthening the security by directing the data traffic through 5G radio network as SD-WAN has the ability to connect multiple network. The 5G radio network allows mutual authentication and is encrypted and this helps in creating a zero trust access environment.
How COVID-19 Pandemic Is Boosting the Demand of SD-WAN Services
COVID-19 pandemic has forced businesses to operate remotely via bandwidth-intensive applications. Due to this networks are being impacted in unprecedented ways. Remote working is increasing the adoption of SD-WAN as it provides a virtual WAN architecture that helps businesses to use any combination of transport services including broadband, LTE, MPLS and internet services for connecting user to applications securely.
SD- WAN has helped business to improve their performance, save cost and remain agile during the pandemic as the SD-WAN helps eliminating the operational complexity of IT by treating the home environment as a branch extension of the corporate network.
SD-WAN plays a key role in security, authentication and managing connectivity for sizeable remote workforce that will persist post pandemic. SASE is being used in conjunction with SD-WAN gateways to provide direct access to SaaS application to employees that are working remotely.
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U.S. Managed SD-WAN Services Market Outlook
The U.S. is expected to be among the first country to introduce large-volume 5G wireless applications and networks, as regulators pave the wave for rapidly growing next-generation services. In North America, enterprises such as AT&T Inc. and Verizon Communication Inc. are coming together to adopt 5th-generation wireless technology.
Moreover, the U.S. federal commission has decided to open a high-frequency spectrum of around 11GHz for mobile, fixed-use, and flexible wireless broadband. Adoption of SD-WAN services has increased among businesses in U.S, which would drive the demand for such services.
Businesses and organizations in U.S. are finding themselves in an increasingly complex network world. As the volume of data continue to rise, businesses are transforming through automation and virtualization for optimizing the cost and scale of experiences that they want to create.
Businesses are also managing mobile devices, apps, and a variety of voice and collaboration tools so that their teams can connect across geographies, platforms, and devices. Moreover, a significant increase in the number of smartphone-using population around the U.S. is encouraging to adopt managed SD-WAN services.
Who are the Key Providers of Managed SD-WAN Services?
Some of the leading Managed SD-WAN Services providers include
- Verizon
- VMware
- Cisco
- AT&T
- Fujitsu
- Silver Peak
- Telstra, Versa Network
- Masergy
- Cirtix
- Adaptiv Network
- Aryanka Networks among others.
Managed SD-WAN Services vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that Managed SD-WAN Service providers follow include acquisitions, partnership and collaborations with other players, new product launches, and strengthening of regional and global channel partner ecosystem.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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