In 2021, the SD-WAN security market will be worth $2.0 billion. The SD-WAN security market is expected to be worth US$ 16.9 billion by 2032, with a CAGR of 21.2% between 2022 and 2032.
The report states that the market is expected to reach the valuation of ~US$ 2.4 Bn by the end of 2022. As per FMI, as remote working became more widespread, employees are now required to connect from outside the corporate network. This has in turn fueled the demand for secure and reliable connectivity.
This can be challenging for businesses, as devices are progressively dispersed across multiple locations. Cloud-based services, applications, and platforms also make it strenuous, as employee networks may struggle to meet the scalability, flexibility, and speed of implementation required for daily functions.
Key Takeaways: SD-WAN Security Market
- By solution, the network firewall segment is anticipated to account for the leading share in the global demand for SD-WAN security during the forecast period. However, the DDoS detection and mitigation segment is estimated to grow at a robust CAGR of 21.7% through 2032.
- Among the enterprise size, large enterprises segment is estimated to grow by 7.2X during the forecast period.
- By Industry, the IT and telecom segment is anticipated to increase at a CAGR of 21.9% between 2022 & 2032.
- North America region is dominating SD-WAN security market followed by Europe region in 2022. East Asia is estimated as the fastest growing region during the forecast period.
- The market in U.S. is expected to progress at a CAGR of around 21.4% through 2032.
- In China, the SD-WAN security market is expected to grow by 6.1x during the forecast period.
- SD-WAN security market in India is estimated to witness the absolute $ opportunity of US$ 563.8 Mn during the forecast period.
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Increasing Demand from Enterprises to Improve Network Security
SD-WAN security provides enterprises a single control plane to supervise all networks, comprising data center, multiprotocol label switching and WAN. This strategy will be important as data migrates to multiple clouds and becomes subject to multiple security regimes. With a single view of all networks operations, the enterprise can make sure that security is totally organized across the whole distributed data ecosystem.
Increasing demand for total protection and control against cyber threats is escalating the SD-WAN security market, as SD-WAN security offers smooth and secure direct connectivity to cloud providers and endpoints, enhancing the cloud experience. It offers high levels of security to business, protecting data loss from unwanted intrusions.
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Competitive Landscape
SD-WAN security market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership with other companies to develop their own SD-WAN security to serve the customers and reduce the churn rate.
In December 2021, Fortinet, Inc. continues to expand secure SD-WAN worldwide with new service provider partnerships.
In July 2021, Bharti Airtel had declared the launch of modern connectivity solutions for enterprises based on Cisco software defined wide area networking (SD-WAN) technology.
SD-WAN Security Outlook By Category
By Solution:
- Network Firewall
- DDoS Detection and Mitigation
- Secure Web Gateways
- Session Border Controller (SBC)
- Network Encryption
- Others
By Enterprise Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- IT & Telecom
- BFSI
- Healthcare
- Manufacturing
- Retail
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs.
With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
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