Growing IT & Telecommunication Industry to give Boost to the SD-WAN (Software-Defined Wide Area Network) Market

The SD-WAN (software-defined wide area network) market worldwide is projected to grow with a CAGR of 36.4% during the forecast period from 2023 to 2030, starting from US$ 1.70 Bn in 2021. Growth of IT industry and adoption of mobility services globally to boost the SD-WAN market. Growing cloud-based solutions and rising digitization are some of the other factor for market growth. Rising mobile traffic is one of the most important factors for market growth. Simplification of network, robust branch connectivity, improved network capacity are some of the features of SD-WAN solutions, which will help the market growth in years to come.

The cloud-based segment will be the Fastest Growing

The SD-WAN market by deployment was divided into cloud-based and on-premise segments. The cloud-based segment will show the fastest growth in years to come owing to the high demand of cloud-based services market worldwide. The cloud-based SD-WAN solution has wide functionalities such as fast service, low cost and flexibility. Cloud migration will also help to boost the growth for the cloud-based segment during the forecast period. Rising adoption of cloud-based services in small enterprises will also boost the segment. Growing investments in the Asia Pacific for the adoption of cloud-based services will also boost the segment growth.

Asia Pacific to be the Fastest Growing Region

North America region led the SD-WAN market in 2021. The region contributed to over 1/3rd of the market revenue share in 2021. Early technical adoption, developed industries and expansion of SD-WAN in all verticals are major factors for North America dominance. The major share in cloud-based solutions developed BFSI and IT industry are some of the other factors for the dominance of North America. On the other side, the developing countries of Asia Pacific include India, China, Indonesia and others will grow with the fastest CAGR. Growing digitization, increased network traffic and rising adoption of cloud-based services are the major factors for the region growth.

Some of the prominent players operating in the SD-WAN (software-defined wide area network) market Silver Peak, Inc., Cloudgenix Inc., Nuage Networks, Talari Networks, Inc., VeloCloud Networks, Inc., Fatpipe Networks Inc., Versa Networks, Inc., Viptela, Inc., Riverbed Technology, Inc., and Citrix Systems, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of SD-WAN (Software-Defined Wide Area Network) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the SD-WAN (Software-Defined Wide Area Network) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of SD-WAN (Software-Defined Wide Area Network) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the SD-WAN (Software-Defined Wide Area Network) market?
• Which is the largest regional market for SD-WAN (Software-Defined Wide Area Network) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving SD-WAN (Software-Defined Wide Area Network) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the SD-WAN (Software-Defined Wide Area Network) market worldwide?