Global SD-WAN Market at $700 million in 2018 set to thrive in next 6 years, growth rate expected at 58%
Global Market Insights, Inc. has recently added a report on SD-WAN market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry.
Selbyville, Delaware, USA – April 4, 2019 /MarketersMedia/ —
The North America SD-WAN market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.
The SD-WAN market in Asia Pacific will show the fastest growth rate of over 61% over the forecast timeline. The market growth is driven by the growing adoption of cloud-based infrastructure by enterprises to achieve agility and improve application performance. The enterprises are adopting solutions to improve their network performance and reduce the complexity associated with the existing WAN infrastructure.
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The retail & consumer goods application segment is expected to grow at a CAGR of over 60% from 2019 to 2025. As the adoption of digitalized platforms and IoT technology continues to grow, retailers face challenges related to the management of omnichannel environments. This drives the demand for SD-WAN solutions, which enable retail enterprises to manage their retail operations and remote office functions and systems.
The manufacturing market is expected to exhibit the highest growth rate of over 60% from 2019 to 2025. The SD-WAN market growth is attributed to the growing popularity of IoT platforms. As sensors and smart devices are widely used in manufacturing facilities, the manufacturing companies require solutions, which can provide exceptional network visibility for managing those endpoints.
Training & consulting services in the SD-WAN market are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers? ability to leverage SD-WAN solution deployments, which will meet their business objectives.
Managed services in the SD-WAN market is expected to grow at a CAGR of over 65% from 2019 to 2025. The demand for these services is expected to accelerate as organizations are outsourcing the implementation of their WAN infrastructure to managed service providers to reduce the complexities associated with the in-house WAN deployment. Managed services enable them to reduce their operational costs as the majority of the network functions are outsourced to third-parties. These factors are expected to drive the demand for managed services in the market.
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The hybrid deployment model is projected to grow at a CAGR of over 62% over the forecast timeline. The hybrid architecture holds great potential for organizations that are particular about the security of their sensitive data. Organizations are deploying hybrid WAN, which provides them with efficiencies in route selection and also improves business application performance by enabling path selection for traffic movement.
The on-premise deployment model is expected to hold the majority of the SD-WAN market share as this model enables IT architects of organizations to construct their own WAN infrastructure and develop network policies according to their needs. The premise-based models enable enterprises to ensure that their networks are running securely and give them a direct control to handle the security aspects of the infrastructure.
Some of the key players in the software-defined wide area network (SD-WAN) market are, Aryaka, Barracuda Networks, Berkshire Partners LLC (Masergy Communications), Cato Networks, Cisco, Citrix, CloudGenix, Ecessa Corporation, Elfiq Networks, FatPipe Networks, Huawei, Infovista, Nuage Networks, Oracle, Peplink, Riverbed, Silver Peak, Versa Networks, Vmware, and ZTE.
Browse key industry insights spread across 300 pages with 362 market data tables & 31 figures & charts from the report, “SD-WAN Market Size By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, India, Australia and New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/software-defined-wide-area-network-sdwan-market
Table of Contents (ToC) of the report:
Chapter 4. Competitive Landscape of SD-WAN Market, 2018
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Aryaka
4.2.2. Cisco
4.2.3. Silver Peak
4.2.4. VMware
4.3. Competitive analysis of prominent vendors
4.3.1. Citrix
4.3.2. Huawei
4.3.3. Infovista
4.3.4. Riverbed
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/software-defined-wide-area-network-sdwan-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
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Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/software-defined-wide-area-network-sd-wan-market
Source: MarketersMedia
Release ID: 498811
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