Market Overview
Market Research Future (MRFR), in its research study, emphasizes that
the global Software-Defined Wide Area Network market 2020 is projected to rise
exponentially over the forecast period, ensuring significant market valuation
of USD 20,314.0 Billion by 2025 and a healthy 36.9% CAGR over the review
period.
Drivers and Restraints
That the adoption of private cloud and growing software-defined data centers
are key factors driving the growth of the software-defined wide area network
industry. Additionally, MRFR analysis notes that IoT and smart technology are
expected to continue to grow to accelerate the adoption of private cloud
computing services.
The coronavirus outbreak (Covid-19) has purchased a difficult time for
the entire world and people are struggling with the health, societal, and
economic impact of the COVID-19 pandemic. In the global uncertainty, some
players in the cloud and other innovations profit from the phenomenon and as
technology buyers secure a long-term gain to see the advantages for their
platforms.
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Segmental Analysis
The Global Software Defined-Wide Area Network
Market has been segmented on the basis of Vertical, Deployment, Component, and
Region.
Based on the Component, the SD-WAN market has
been bifurcated into appliances and services. The appliances segment accounted
for the prime market share of 55% in 2018, and it is expected to register a
fast CAGR during the review period. The services segment was likely to grow at
the higher CAGR of 47.7% during the forecast period.
The SD-WAN market was segmented into the
cloud and the on-premise by deployment. The on-premise SD-WAN segment accounted
for the largest market share in 2018, and a CAGR of 53.1 per cent is expected
to be recorded during the forecast period. The cloud segment was the
second-largest market in 2018 and the highest CAGR is expected to be recorded
during the forecast period.
The SD-WAN sector was divided into retail, IT
& telecommunications, healthcare, BFSI, manufacturing, and others centered
on Vertical. The IT & Telecommunications segment accounted for the largest
market share in 2018, and a CAGR of 43 per cent is expected to be recorded over
the forecast period.
Regional Analysis
The global business regional analysis was
conducted in four major regions including Asia Pacific , North America, Europe
and the rest of the world.
North America 's market accounted for the
largest market share in 2018, and the forecast period is expected to show
strong growth. The key drivers for the region's SD-WAN market growth include
advanced network infrastructure and the increasing network virtualization
requirement.
The Asia-Pacific Global Software-Defined Wide
Area Network Market is projected to expand over the forecast period with the
highest CAGR of 50.0 per cent. Asia-Pacific was divided into China, Japan ,
India, South East Asia and the rest of the Asia-Pacific zone for study. This
rise can also be attributed to the emergence of creative and technologically
active players and the expansion of their market scope in the region by global
players. Other key industry players in this market are also expanding on the Asia-Pacific
market through collaboration with providers of SDN and SD-WAN solutions. The
Middle East and Africa is gaining impetus, majorly owing to the provisioning of
network services for utilization with more efficiency.
Competitive Analysis
The major market players operating in the
global market as identified by MRFR are VMware, Inc., Versa Networks,
Cloudgenix, Inc., Nuage Networks, CenturyLink, Inc., Cisco Systems, Inc.,
Oracle Corporation, Silver Peak Systems, Inc., Aryaka Networks India Pvt Ltd,
Ecessa Corporation, Riverbed Technology, Cato Network, Forcepoint, Systems
Inc.,and Untangle Inc. Citrix
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