Software-Defined Wide Area Network Market Overview

A Software-Defined Wide Area Network (SD-WAN) is a type of virtual WAN architecture that allows businesses to connect geographically dispersed locations, such as branch offices or data centers, to each other over the internet using overlay tunnels. This technology decouples networking hardware from its control mechanism, simplifying WAN management and reducing costs. SD-WANs allow companies to use low-cost internet connections instead of expensive private WAN connection technologies, such as Multiprotocol Label Switching (MPLS). SD-WANs usually incorporate IPsec for secure communication, and can improve application delivery with caching and quality of service (QoS) technologies. They can also use Artificial Intelligence for IT Operations (AIOps) for continuous troubleshooting and automatic fixes to network issues. SD-WAN is a core component of secure access service edge solutions (SASE), which connect distributed work environments to distributed applications securely and efficiently.

By the end of the projected period, the software-defined wide area network market is anticipated to be worth USD 46.31 billion. The anticipated period of 2020 to 2030 is expected to see a compound annual growth rate of 36.9%.. 

SD-WAN is a platform built into wide-area network connections such as 4G LTE and broadband internet. It is widely in demand primarily by businesses across various industry verticals due to its flexibility, openness, and cloud-based nature.

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The current coronavirus situation worldwide has created Chaos amongst the few players operating in the cloud or any other technologies. Going to the strength, a significant couple of top cloud companies like Google cloud platform, Amazon, and Microsoft corporations are gaining a better market share. 

The factors that are majorly contributing to the software-defined wide range networks market are the increasing adoption due to the rising mobile workers who are adding to the market's growth. In addition to this, due to enterprise mobility, employees can create a healthy balance between work and life. All these factors have boosted services such as notebooks, tablets, and smartphones to access business applications. 

Competitive Landscape:

The prominent key players of the software-defined wide area network market in the global market are mentioned down below.

• Untangle
• Forcepoint
• Citrix Systems Inc.
• Cato Networks
• Riverbed Technology
• ARYAKA NETWORKS INC.
• Ecessa
• Silver Peak Systems Inc.
• CENTURYLINK
• Oracle
• Cisco Systems Inc.
• Nokia (Nuage Networks is a Nokia venture)
• Palo Alto Networks Inc.
• VMware Inc
• Versa Networks Inc

Market Segmentation 

The software-defined wide area network market is classified based on the component, based on the deployment, based on the organization size, and based on the vertical.

Based on the Component:

Based on components, the global market of the SD-WAN is segmented into solutions, appliances, and services.

The appliance segment includes virtual and physical applications. The physical appliance segment includes cables, gateways, switches, access points, and others like routers. The virtual appliance segment includes the internet, web portal, and CSP. 

Based on the Deployment:

The Global software-defined wide area network market is divided based on deployment into on-premise and cloud.

The cloud segment is projected to dominate the global market over the forecast period.

Based on the Vertical:

The software-defined wide area network market is classified into retail, healthcare, manufacturing, BFSI, and IT and telecommunication based on verticals. The software-defined wide area network (SD-WAN) market is predicted to touch USD 19,093.2 Million at a whopping 38.5% CAGR between 2017- 2026

Based on the Organization Size:

The software-defined comprehensive area network marketing is segmented into large enterprises and SMEs based on organization size.

Based on the End-Users:

The SD-WAN market is divided into service providers and verticals on an end-user basis.

Regional Analysis 

On a regional basis, the SD-WAN market is divided into Europe, North America, Asia Pacific, and the rest of the world.

The North American region will dominate the market trends. North America was valued at USD 1,297.5 million in 2019, with a CAGR of 37.5% over the forecasted period.

Europe is predicted to show the second largest share with a value of $462.5 million in 2019. In addition to this, the CAGR is expected to be 39.2%.

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