Software Defined Wide Area Network (SD-WAN) Market 2019: Global Size, Share, Emerging Trends, Sales Revenue, Competitive Landscape and Regional Forecast 2022
Jan 17, 2019
Market Research Future published a research report on “Software Defined Wide Area Network Market Research Report- Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India - January 17, 2019 /MarketersMedia/ —
Software Defined Wide Area Network Global Market – Overview
The Global Software Defined Wide Area Network Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Software Defined Wide Area Network will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016-2027).
Software-defined wide-area network is an automated, programmatic approach to managing enterprise network connectivity and circuit costs. It extends software-defined networking into an application that businesses can use to quickly create a smart “hybrid WAN” – a WAN that comprises business-grade IP VPN, broadband Internet, and wireless services. Hybrid WAN architectures enable companies to manage their growing number of applications, particularly when using the cloud.
Enterprise customers are demanding more flexible, open, and cloud-based WAN technologies, rather than installing proprietary or specialized WAN technology that often involves expensive, fixed circuits, or proprietary hardware. It has increased the usage of many devices such as smartphones, tablets and notebooks to access business applications driving the SDWAN market.
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Moreover, the Bring your own device (BYOD) policies adopted by enterprises are also increasing the demand for SDWAN. Traditional networks with complex architecture can be easily upgraded into simplified networks with the help of SDWAN. However, with implementation of SDWAN, enterprises must invest in new software solutions, hardware equipment and design and integration increasing the overall cost. Implementation of SDWAN will help in reducing the costs in the long run.
Massive proliferation of data, worldwide, and increased flexibility offered by SD-WAN solution is the primary growth driver in the global SD-WAN (software-defined wide area network) market. Soaring popularity of cloud computing is also leading to growth in the market.
One factor, serving to crimp growth in the global SD-WAN (Software-Defined Wide Area Network), , is the steep cost of implementing such solutions. Further, the dearth of standardization and resistance by users of WAN architecture is also expected to be a major restraint to the growth of the global SD-WAN (Software-Defined Wide Area Network) market. Security concerns could restrain the growth of SDWAN market as the new set of rules and technologies used for managing networks are not tried and tested.
Key Players
Some of the major players in Global Software Defined Wide Area Network Market includes Cisco Systems (U.S.), VeloCloud Inc. (U.S.), Versa Networks (U.S.), Cloudgenix Inc. (U.S.), CenturyLink, Inc. (U.S.), Silver Peak (U.S.), Talari Networks (U.S.), Viptela (), Nuage Networks (U.S.), and Ecessa Corporation (U.S.) among others.
Segments for Software Defined Wide Area Network Market:
Global Software Defined Wide Area Network Market can be segmented as follows:
• Segmentation by Components: virtual appliance, physical appliance, hardware, software and hybrid.
• Segmentation by Deployment: Cloud, and on-premise.
• Segmentation by End-Users: BFSI, manufacturing, healthcare, IT, and retail among others.
Regional Analysis
North America is dominating the global software defined wide area network market with the largest market share due to high demand of network architecture & growing need of central networking and therefore is expected to grow with highest revenue by 2022 followed by Europe. Asia-Pacific is the fastest growing region due to growing investment of major players in the region and therefore is expected to grow with a highest growth rate.
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Target Audience:
• Application development service providers
• Network providers
• Training & education sector
• Data integration service providers
• Corporate
• Government
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 472180
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