Software-Defined WAN Market 2019 Global Industry Size, Share, Growth Factors, Emerging Trends, Key Players, Segmentation and Opportunity Assessment by 2022
Market Research Future published a research report on “Software Defined Wide Area Network Market Research Report- Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – July 2, 2019 /MarketersMedia/ —
Global Software Defined WAN Market Overview
A software-defined wide area network refers to a networking service used in network management services via low-level functionality. It permits organizations to build virtual networks and offer micro-segmentation and services. A software-defined WAN also aids enterprises in their connection management between internal and external cloud services.
Some of the primary factors leading to the growth of software-defined WAN are the proliferated adoption of private cloud technology, an increasing number of software-defined data centers, and the lucrative demand for security features in network services. Other factors influencing robust growth in the software-defined WAN market include the cost-effective usage of public and private networks, optimizable hybrid cloud connectivity, and application-aware routing. The report published by MRFR states that the software-defined WAN market is likely to witness a whopping 50% CAGR during the forecast period.
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In contrast, the global software defined WAN market is likely to face some hindrance in growth due to various factors. Bandwidth provisioning and the uncalculated risk of execution and expenses are some of the factors hindering the growth of the market. Further, security concerns with the cloud and SaaS are likely to pose as hindrances in the market growth. With a consistent increase in devices connected to the global network, the bandwidth may experience high load, resulting in slower data speed and poor performance, hence restraining the market growth.
Key Players
Some of the major players in Global Software Defined Wide Area Network Market includes Cisco Systems (U.S.), VeloCloud Inc. (U.S.), Versa Networks (U.S.), Cloudgenix Inc. (U.S.), CenturyLink, Inc. (U.S.), Silver Peak (U.S.), Talari Networks (U.S.), Viptela (), Nuage Networks (U.S.), and Ecessa Corporation (U.S.) among others.
Industry Update
April 2019: Citrix Systems recently announced the Citrix SD-WAN (virtual software-defined WAN system) and Citrix ADC (application delivery controller) which will be available for sale in the month of May on the GCP Marketplace.
Software-Defined-Wide-Area-Network Market Global Market – Segmentation
• Segmentation by Component: Virtual appliance, Physical appliance, and Hybrid.
• Segmentation by Deployment: On-Cloud and on-Premises.
• Segmentation by Services: Managed services, and Professional services
• Segmentation by Application: Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Government, IT & Telecom, Manufacturing, and Others (Oil & Gas and Mining & Transportation).
• Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World
Software-Defined-Wide-Area-Network Market Global Market – Regional Analysis
Geographically, the Software-Defined-Wide-Area-Network market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World.
North America is expected to dominate the global Software-Defined-Wide-Area-Network market with the largest market share in the region. The U.S and Canada are the leading countries are leading countries in the region. The market growth is due to increase in need for bandwidth requirements and rising demand for highly efficient networking architecture. Asia Pacific is considered to be the fastest growing region in the Software-Defined-Wide-Area-Network. China, Taiwan, South Korea, Japan, India are leading countries in the region. The market growth is attributed to rising implementation of SD-WAN which include the surging need to central network management and lowering the administrating and operating cost.
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Target Audience:
• Application development service providers
• Network providers
• Training & education sector
• Data integration service providers
• Corporate
• Government
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Source: MarketersMedia
Release ID: 88891847
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