Software-Defined Wide Area Network Market by Size, Share, Growth and Forecast

1. Software-Defined Wide Area Network Market Worth $18.2 Billion by 2029 Meticulous Research®—a leading global market research company, published a research report titled, ‘Software-Defined Wide Area Network Marketby Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029.’ According to this latest publication from Meticulous Research®, the global software-defined wide area network market is projected to reach $18.2 billion by 2029, at a CAGR of 23% from 2022 to 2029. The growth of this market is driven by the increasing number of cloud solutions, the rising demand for internet broadband connections to replace more expensive solutions, the increasing demand for improved security, and the high demand for network agility and visibility. However, the reliability issues in SD-WAN may restrain the market’s growth. The increasing proliferation of SD-WAN solutions to automate operations to simplify workflows and the rising demand for connecting data centers and multiple offices are expected to offer significant growth opportunities for the stakeholders in the software-defined wide area network market. Furthermore, the concerns over SD-WAN security and the lack of standards for software-defined networking are expected to pose challenges to the growth of the software-defined wide area network market. The latest trends in the global software-defined wide area network market are the move to hybrid or multi-cloud environments, firewall as a service, and secure access service edge. Download Free Research PDF @ https://www.meticulousresearch.com/download-sample- report/cp_id=5385 The global software-defined wide area network market is segmented by component (solutions [hardware, software], services [professional services, managed services]), organization size (large enterprises and small and medium-sized enterprises), deployment mode (on-premise deployment, and cloud-based deployment), and end user (communication service providers, data centers, and enterprises [IT & telecommunication, manufacturing, government & public sector, retail, BFSI, healthcare and life science, education, energy and utilities, media & entertainment, and other end users]). The study also evaluates industry competitors and analyzes the market at the regional and country levels. Based on component, the global software-defined wide area network market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the larger share of the global software-defined wide area network market. The large market share of this segment is attributed to the rising investments in R&D activities by prominent SD-WAN players to launch new SD-WAN solutions and the increasing demand for dynamic connectivity by communication service providers. Furthermore, the increasing need for a wide range of integrated security features, such as NGFW, IPS, encryption, and sandboxing capabilities that can help prevent data loss, downtime, regulatory violations, and legal liabilities drives the demand for SD-WAN solutions, subsequently driving the growth of the solutions segment. However, the services segment is projected to register the highest CAGR during the forecast period due to the growing requirement for network integration functions, the increasing emphasis on the launch of SD-WAN professional services, the rising need for reducing manual IT operations, and the growing demand for SD-WAN services by several service providers.

2. Based on organization size, the global software-defined wide area network market is segmented into large enterprises and small and medium-sized enterprises. In 2022, the large enterprises segment is expected to account for the larger share of the global software-defined wide area network Market. The large market share of this segment is attributed to the rising demand for SD-WAN solutions by large telecommunication service providers and the increasing demand from large data centers and campus environments to solve challenges such as operational complexity, slow service delivery, and lack of visibility across both physical and virtual networks. However, the small and medium-sized enterprises segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the increasing demand to create an agile, secure, and efficient work environment and the growing demand for SD- WAN solutions from SMEs in the education, retail, healthcare, manufacturing, government, and manufacturing sectors to enable controlled network infrastructure. Speck to Our Analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5385 Based on deployment mode, the global software-defined wide area network market is segmented into on-premise deployment and cloud-based deployment. In 2022, the on-premise deployment segment is expected to account for the larger share of the global SD-WAN Market. The large market share of this segment is attributed to the high acceptance rate of SD-WAN solutions among large enterprises, the rising demand for comprehensive security and control, increasing deployment of SD- WAN solutions across on-premise data centers, and the growing demand for custom configurations as per organizations’ requirements. However, the cloud-based deployment segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the rising need to manage complex network requirements, the need to reduce initial and working expenses for infrastructures, and heavy investments from enterprises to accelerate their SD-WAN infrastructure with cloud-based deployment. Based on end user, the global software-defined wide area network market is segmented into communication service providers, data centers, and enterprises. In 2022, the data centers segment is expected to account for the largest share of the global software-defined wide area network market. The large market share of this segment is attributed to the growing demand to automate routine workflows and processes of data centers, the growing need to reduce repetitive or mundane tasks and speed up processes and drive down overhead, and the increasing need to control the connectivity, management, and services between data centers, remote offices, and cloud resources. However, the enterprises segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the increasing demand for SD-WAN solutions that integrate with multiple vendors and environments, the rising demand for automated IT infrastructure across the BFSI sector, the rising demand for SD-WAN solutions from IT enterprises to connect disparate data and systems and free IT teams from manual workloads, and the growing need for consistent operation management across the manufacturing industry. Based on geography,the global software-defined wide area network market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global software-defined wide area network market. North America’s major market share is attributed to the well-established network infrastructure in the U.S. and Canada, the larger and more established sales force for SD-WAN solutions, service providers’ initiatives to promote network automation, and the increasing demand for data center

3. and IT infrastructure automation through SD-WAN solutions. Furthermore, North America is technologically developed and heavily invests in technologies such as 5G, network security, radio access networks (RAN), and secure access, contributing to this regional market's growth. However, Asia-Pacific is projected to register the highest CAGR during the forecast period due to the rising demand for network automation solutions for reducing infrastructure and operational costs and the growing demand for SD-WAN solutions by mobile phone operators across emerging economies, such as China, Japan, and India. Quick Buy – Software-Defined Wide Area NetworkMarket - Global Opportunity Analysis and Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/60118746 Key Players: The key players operating in the global software-defined wide area network market are Cisco Systems, Inc.(U.S.), VMware, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Nokia Corporation (Finland), Hewlett Packard Enterprise Development LP (U.S.), Tata Communications (India), Huawei Technologies Co., Ltd.(China), Fortinet Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), NEC Corporation (Japan), Oracle Corporation (U.S.), Adaptiv Networks Inc. (Canada), Riverbed Technology Inc. (U.S.), Silver Peak Systems Inc. (U.S.), and Aryaka Networks Inc. (U.S.). Scope of the Report: Software-Defined Wide Area NetworkMarket, by Component • Solutions oHardware oSoftware • Services oProfessional Services oManaged Services Software-Defined Wide Area Network Market, by Organization Size • Large Enterprises • Small and Medium-sized Enterprises Software-Defined Wide Area Network Market, by Deployment Mode • On-premise Deployment • Cloud-based Deployment Software-Defined Wide Area Network Market, by End User • Communication Service Providers • Data Centers • Enterprises oIT & Telecommunication

4. oManufacturing oGovernment & Public Sector oRetail oBFSI oHealthcare & Life Science oEducation oEnergy & Utilities oMedia & Entertainment oOther End Users Software-Defined Wide Area Network Market, by Geography • North America oU.S. oCanada • Europe oGermany oU.K. oFrance oItaly oSpain oRest of Europe • Asia-Pacific oChina oJapan oIndia oSouth Korea oRest of Asia-Pacific • Latin America • Middle East & Africa Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample- report/cp_id=5385