Market Overview
The global market for software-defined wide area network (SD-WAN)
generated a revenue of USD 2,156.1 million in 2019 and is expected to reach a
market value of USD 19,093.2 million by 2030, growing at a 46.31% CAGR. In this
report, Market Research Future (MRFR) includes the segmentation and dynamics of
the market to offer a better glimpse of the market in the coming years.
The software-defined wide area network (SD-WAN) market consists of major segments, including component, deployment, vertical,
and region.
The component segment has been further segmented into appliances and
services. The appliances segment includes virtual and physical appliances. The
virtual appliances include cloud service providers (CSPs), web portals, and
Internet, while physical appliances comprise routers, access points, switches,
gateways, and cables. Additionally, the services segment is sub-segmented into
professional services and managed services. Based on deployment, the
software-defined wide area network (SD-WAN) market is further segmented into
cloud and on-premises sub-segments. The sub-segments in the vertical segment
include retail, IT & telecommunication, healthcare, BFSI, manufacturing,
and others.
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Segmental Analysis
The software-defined wide area network (SD-WAN) market has been
segmented based on component, deployment, vertical, and region.
By component, the appliances segment accounted for the larger market
share of 54.7% in 2019, with a market value of USD 1,180.0 million; it is
expected to register a CAGR of 36.7% during the forecast period. The services
segment in 2019 was valued at USD 976.2 million; it is projected to register
the higher CAGR of 40.5%.
By deployment, the on-premise segment accounted for the larger market
share of 52.3% in 2019, with a market value of USD 1,127.1 million; it is
expected to register a CAGR of 35.0% during the forecast period. The cloud
segment in 2019 was valued at USD 1,029.1 million; it is projected to register
the higher CAGR of 41.8% during the forecast period.
By vertical, the IT & telecommunication segment accounted for the
largest market share of 48.4% in 2019, with a market value of USD 1,042.9
million; it is expected to register a CAGR of 36.8% during the forecast period.
The others segment was the second-largest market in 2019 and was valued at USD
367.2 million; it is projected to register a CAGR of 36.7%. Additionally, the
retail segment is expected to register the highest CAGR of 43.7% during the
forecast period.
Competitive Analysis
The key players of the global
software-defined wide area network (SD-WAN) market are Versa Networks, Inc.,
VMware, Inc, Palo Alto Networks, Inc., Nokia (Nuage Networks is a Nokia
venture), Cisco Systems, Inc., Oracle, CENTURYLINK, Silver Peak Systems, Inc.,
Ecessa, ARYAKA NETWORKS, INC., Riverbed Technology, Cato Networks, Citrix
Systems, Inc., Forcepoint, and Untangle.
Regional Analysis
Globally, the software-defined wide area
network (SD-WAN) market has been categorized into five different regions—North
America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America is expected to dominate the global software-defined wide area
network (SD-WAN) market throughout the forecast period owing to the presence of
advanced connectivity infrastructure and the rising need for network
virtualization in the region.
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