Software-Defined Wide Area Network (SD-WAN) Market: Projected to Reach $18.2 Bil

1. o Radiation Software-Defined Wide Area Network (SD-WAN) Market: Projected to Reach $18.2 Billion by 2029

2. Global XXX Market – 2022-2029 Meticulous Research®—a leading global market research company, published a research report titled, ‘Software-Defined Wide Area Network Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029.’ Introduction The Software-Defined Wide Area Network (SD-WAN) market is set to experience substantial growth, projected to reach $18.2 billion by 2029 with a CAGR of 23% from 2022 to 2029. This growth is driven by the increasing adoption of cloud solutions, the rising demand for cost- effective internet broadband connections, the necessity for improved security, and the growing need for network agility and visibility. Key Market Drivers Increasing Adoption of Cloud Solutions The surge in cloud solutions adoption is a significant driver for the SD-WAN market. SD-WAN technology is ideal for deploying, managing, and monitoring cloud WAN. It offers operational infrastructure support, reduces operational risks and service startup costs, and provides customized control and visibility. The rise of multi-cloud and SaaS applications has further fueled the demand for agile, secure, and reliable connectivity, driving the growth of cloud- managed SD-WAN solutions. Rising Demand for Cost-effective Internet Broadband Connections Organizations are increasingly seeking to replace expensive MPLS connections with more affordable broadband internet solutions. SD-WAN technology facilitates this transition by optimizing and managing these connections efficiently, thus reducing costs and enhancing performance. This trend is expected to continue as businesses strive to balance cost efficiency with high performance. Improved Security Requirements The demand for enhanced security measures in network infrastructure is another key driver. SD-WAN solutions provide integrated security features that help protect data and applications across the network. This includes encryption, firewalls, and secure access protocols, which are critical in today's cybersecurity landscape. Need for Network Agility and Visibility Organizations require agile and flexible network solutions to adapt to changing business needs. SD-WAN offers greater network agility, enabling faster deployment and easier management of network resources. Enhanced visibility into network performance allows for Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com

3. Global XXX Market – 2022-2029 better monitoring, troubleshooting, and optimization, which is crucial for maintaining high- quality service. Market Restraints and Opportunities Reliability Issues While SD-WAN offers many benefits, reliability issues can pose a challenge to its adoption. Network performance can be affected by factors such as latency, jitter, and packet loss, particularly over public internet connections. Addressing these reliability concerns is essential for broader acceptance and growth of SD-WAN solutions. Growth Opportunities The increasing proliferation of SD-WAN solutions to automate operations and simplify workflows presents significant growth opportunities. The rising demand for connecting data centers and multiple offices through efficient, scalable networks is expected to drive market expansion. Additionally, ongoing innovations in SD-WAN technology and the introduction of new features will further enhance its appeal. Impact of COVID-19 Challenges and Recovery The COVID-19 pandemic posed several challenges for the SD-WAN market, particularly during the lockdowns of 2020. Economic setbacks and reduced consumer spending led to decreased sales of SD-WAN services and solutions. However, the market began to recover in 2021 as enterprises, data centers, and communication service providers resumed their activities. Positive Impacts Despite the initial challenges, the pandemic also highlighted the importance of robust network solutions. The increased demand for remote work and teleconferencing led to a surge in the use of virtual private networks (VPNs) and other SD-WAN technologies. SD-WAN solutions enabled businesses to manage the heavy data traffic associated with remote work, driving the market's recovery and growth. Market Segments Solutions Segment In 2022, the solutions segment is expected to dominate the SD-WAN market. This segment includes various SD-WAN solutions that cater to the needs of large enterprises, Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com

4. Global XXX Market – 2022-2029 telecommunication service providers, data centers, and campus environments. The growing demand for cloud-based SD-WAN solutions and the popularity of SD-WAN among large organizations are key factors contributing to this segment's large market share. Cloud-based Deployment The cloud-based deployment segment is projected to register the highest CAGR during the forecast period. The need to manage complex network requirements, reduce infrastructure costs, and invest in cloud-based SD-WAN infrastructure are driving this segment's growth. The ease of adoption, scalability, and minimal in-house infrastructure requirements make cloud-based SD-WAN solutions particularly attractive to organizations. Large Enterprises Segment The large enterprises segment is expected to grow at the highest CAGR during the forecast period. Large enterprises, including telecommunication service providers and data centers, face challenges such as operational complexity, slow service delivery, and lack of visibility across networks. SD-WAN solutions address these issues, driving their adoption among large organizations. Regional Insights Asia-Pacific: The Fastest-growing Regional Market The Asia-Pacific region is anticipated to register the highest CAGR in the SD-WAN market. The rapid economic growth in countries such as China, India, and Japan, along with the increasing urban population, is driving the demand for SD-WAN solutions. The region's mobile phone operators and enterprises are adopting SD-WAN to reduce infrastructure and operational costs. Furthermore, the presence of well-established SD-WAN providers and the growing demand for a broad range of network services are contributing to the market's growth in this region. Latest Trends in the SD-WAN Market Hybrid and Multi-cloud Environments The move towards hybrid and multi-cloud environments is a significant trend in the SD-WAN market. Organizations are leveraging SD-WAN to seamlessly integrate multiple cloud platforms, enhancing flexibility and optimizing performance. Firewall as a Service (FWaaS) The integration of firewall as a service (FWaaS) with SD-WAN solutions is gaining traction. FWaaS provides advanced security features, such as threat detection and prevention, in a Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com

5. Global XXX Market – 2022-2029 scalable and flexible manner, enhancing the overall security posture of SD-WAN deployments. Secure Access Service Edge (SASE) Secure Access Service Edge (SASE) is another emerging trend in the SD-WAN market. SASE combines network security functions with wide area network capabilities, providing a unified solution for secure and optimized access to applications and data. Conclusion The Software-Defined Wide Area Network (SD-WAN) market is poised for significant growth, driven by the increasing adoption of cloud solutions, demand for cost-effective internet connections, need for enhanced security, and requirement for network agility and visibility. Despite challenges such as reliability issues, the market offers substantial growth opportunities through innovations and the growing need for efficient network solutions. The impact of COVID-19 has further underscored the importance of robust SD-WAN technologies in supporting remote work and maintaining network performance. Key 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.). Players: Download PDF Brochure @ https://www.meticulousresearch.com/download-sample- report/cp_id=5385 Key questions answered in the report: •Which are the high-growth market segments in terms of component, organization size, deployment mode, and end user? •What is the historical market size for software-defined wide area network across the globe? •What are the market forecasts and estimates for 2022–2029? •What are the major drivers, restraints, opportunities, challenges, and trends in the global software-defined wide area network market? •Who are the major players in the global software-defined wide area network market, and what are their market shares? Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com

6. Global XXX Market – 2022-2029 •How is the competitive landscape? •What are the recent developments in the global SD-WAN market? •What are the different strategies adopted by the major players in the market? •What are the geographic trends and high-growth countries? •Who are the local emerging players in the global software-defined wide area network market, and how do they compete with other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Us: Research® Sales- +1-646-781-8004 Page 5 of 5 © Meticulous Research| sales@meticulousresearch.com