SD-WAN (Software-Defined Wide Area Network) Market By Component (Virtual Appliance, Physical Appliance, Hybrid Appliance), By Deployment Type (Cloud-based, On-premise), By Service (Managed, Professional), By End-use (Telecommunication And IT, Government, Healthcare, Retail, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Growing IT & Telecommunication Industry to give Boost to the SD-WAN (Software-Defined Wide Area Network) Market

The SD-WAN (software-defined wide area network) market worldwide is projected to grow with a CAGR of 36.4% during the forecast period from 2019 to 2027, starting from US$ 1.25 Bn in 2018. Growth of the IT industry and adoption of mobility services globally to boost the SD-WAN market. Growing cloud-based solutions and rising digitization are other factors for market growth. Rising mobile traffic is one of the most important factors for market growth. Simplifying the network, robust branch connectivity, and improved network capacity are some of the features of SD-WAN solutions that will help market growth in years to come.

Market Synopsis

The cloud-based segment will be the Fastest Growing.

The SD-WAN market by deployment was divided into cloud-based and on-premise segments. The cloud-based segment will show the fastest growth in years to come owing to the high demand for the cloud-based services market worldwide. The cloud-based SD-WAN solution has wide functionalities such as fast service, low cost, and flexibility. Cloud migration will also help boost the cloud-based segment's growth during the forecast period. Furthermore, the rising adoption of cloud-based services in small enterprises will boost the segment. In addition, growing investments in the Asia Pacific for adopting cloud-based services will also boost segment growth.

The Asia Pacific to be the Fastest Growing Region

The North American region led the SD-WAN market in 2018. The region contributed to over 1/3rd of the market revenue share in 2018. Early technical adoption, developed industries, and expansion of SD-WAN in all verticals are major factors for North America's dominance. In addition, the major share in cloud-based solutions developed by BFSI and the IT industry are some of the other factors for the dominance of North America. On the other side, the developing countries of Asia Pacific, including India, China, Indonesia, and others, will grow with the fastest CAGR. Growing digitization, increased network traffic, and rising adoption of cloud-based services are the major factors for the region's growth.

Some of the prominent players operating in the SD-WAN (software-defined wide area network) market are Silver Peak, Inc., Cloudgenix Inc., Nuage Networks, Talari Networks, Inc., VeloCloud Networks, Inc., Fatpipe Networks Inc., Versa Networks, Inc., Viptela, Inc., Riverbed Technology, Inc., and Citrix Systems, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The SD-WAN (software-defined wide area network) market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global SD-WAN (software-defined wide area network) market based on component, deployment type, service, end-use, and geography.

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