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.
The increasing bandwidth and low latency requirements of cloud applications are met by software-defined wide area network technologies while maintaining optimal bandwidth. Other reasons that are anticipated to enhance the software-defined wide area network market statistics include the fact that it simplifies network issues like WAN network configuration, administration, and optimization.
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Adopting the same is anticipated to create prospective chances for the software-defined wide area network market to expand. Due to the COVID-19 pandemic, which has caused businesses to increasingly rely on work-from-home initiatives, there is an increased demand for software-defined wide area networks. In order to facilitate remote working, organisations are looking for cutting-edge networking solutions to increase agility and security.
Short-term obstacles are being created by the pandemic’s impact on the supply chain, particularly in the deployment of software-defined wide area network hardware. Positive software-defined wide area network market trends are anticipated for COVID-19. The software-defined wide area network market may experience a little reduction as a result of supply chain disruptions.
North America is anticipated to hold the largest market share for software-defined wide area networks worldwide over the anticipated time frame. The United States has emerged as the largest country for software-defined wide area network market potential in terms of market size due to the widespread installation of software-defined wide area network solutions by service providers and verticals in the country.
AT&T, Sprint, T-Mobile, CenturyLink, and Verizon are some of the major CSPs operating in the United States. Business sectors are implementing software-defined wide area network solutions in their core networks to reduce CAPEX and simplify network operations in an effort to influence the future trends of the software-defined wide area network market.
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.
Key Segments
By Component:
- Solution
- Services
By Deployment:
- On-premises
- Cloud
By Organization Size:
- SMEs
- Large Enterprises
By End-users:
- Service Providers
- Verticals
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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