AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Software-Defined Wide Area Network (SD-WAN) Market - Global Forecast to 2023 - ResearchAndMarkets.com

March 26, 2019

DUBLIN--(BUSINESS WIRE)--Mar 26, 2019--The “Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Enterprises), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global SD-WAN market size is expected to grow from USD 1.0 billion in 2018 to USD 4.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast period.

The increasing number of cloud-based applications increases traffic in the network and SD-WAN provides better cloud connectivity than MPLS does. As a result, enterprises are expected to opt for SD-WAN. The deployment of SD-WAN also enables network operators to save capital and reduce OPEX. To handle increased traffic, enterprises need to move toward more advanced technologies, boosting the global SD-WAN market during the forecast period.

Among end users, the service providers segment to account for a higher market share during the forecast period

The service providers segment is expected to account for a higher market share during the forecast period. Currently, service providers are in the process of modernizing WAN offerings to meet customers’ demand for bandwidth and connecting customers to the cloud. This has boosted the growth of SD-WAN market, resulting in the increased deployment of SD-WAN solutions across the globe. Also, service providers are increasingly adopting the SD-WAN technology to offset the declining MPLS revenues, as well as cater to the new customer segments especially the SMEs.

Among the deployment type, the cloud deployment is expected to dominate the market in the future

The cloud-enabled SD-WAN deployment model offers the benefits and features of on-premises along with the added benefit of connecting to a virtual or cloud gateway have boosted the adoption of SD-WAN solutions. Furthermore, businesses and enterprises are moving to cloud-based applications, thus the demand and adoption of cloud-based SD-WAN is going to increase over time.

Among regions, North America to grow at the highest CAGR during the forecast period

North America is expected to record the highest growth rate among all regions, as the region is the fastest adopter of innovative technologies. An increasing need for mobility services is a major growth factor for the SD-WAN market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Global SD-WAN Market

4.2 Market, By Deployment Type, 2018

4.3 Market in North America, By End User and Country

4.4 Market in Europe, By End User and Country

4.5 Market in Asia Pacific, By End User and Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Number of Cloud-Based Solutions

5.2.1.2 Rising Need for Mobility Services

5.2.1.3 Enterprises’ Focus on Reducing Opex With SD-WAN

5.2.2 Restraints

5.2.2.1 Reliability Issues in SD-WAN

5.2.3 Opportunities

5.2.3.1 Digital Transformation Across Organizations

5.2.3.2 Increasing Network Traffic

5.2.4 Challenges

5.2.4.1 Concerns Over SD-WAN Security

5.3 SD-WAN Application Areas

5.3.1 Unified Communication

5.3.2 Cloud Approach

5.3.3 Remote Connectivity

5.3.4 Application Performance

5.3.5 Network Optimization

5.3.6 Multibranch Connectivity

5.3.7 Security

5.3.8 Offnet VPN

6 SD-WAN Market, By Network Type

6.1 Introduction

6.2 Multiprotocol Label Switching

6.2.1 Low Latency Applications to Drive Mpls Network Connectivity Globally

6.3 Broadband

6.3.1 Broadband Network to Dominate the Market

6.4 Long-Term Evolution

6.4.1 Long-Term Evolution to Increase the Adoption of SD-WAN in Remote Areas

6.5 Hybrid

6.5.1 Increase in Data Traffic and Connected Devices to Drive the Demand for Hybrid SD-WAN Network

7 SD-WAN Market, By Component

7.1 Introduction

7.2 Solutions

7.2.1 Software

7.2.1.1 Software Solution to Drive the Overall Market

7.2.2 Appliances

7.2.2.1 Edge Devices to Hold Significant Market Share in the Market

7.3 Services

7.3.1 Consulting

7.3.1.1 Enterprises to Adopt Consulting Services for Eliminating Network Complexities

7.3.2 Implementation

7.3.2.1 Network Optimization to Drive the Demand for Implementation Services

7.3.3 Training and Support

7.3.3.1 Complexities While Implementing SD-WAN Solutions to Bolster the Adoption of Training and Support Services

8 SD-WAN Market, By Deployment Type

8.1 Introduction

8.2 On-Premises

8.2.1 On-Premises SD-WAN Solutions to Be Largely Adopted By Enterprises

8.3 Cloud

8.3.1 Cloud Deployment Type to Dominate the Market During the Forecast Period

9 Market, By End User

9.1 Introduction

9.2 Service Providers

9.2.1 Service Providers to Grow at A Higher Growth Rate During the Forecast Period

9.3 Enterprises

9.3.1 Banking, Financial Services, and Insurance

9.3.1.1 Banking, Financial Services, and Insurance Segment to Dominate the Market

9.3.1.2 Business Outcomes of SD-WAN Across BFSI

9.3.2 Manufacturing

9.3.2.1 Industrial IoT to Dominate the Adoption of SD-WAN Solution

9.3.2.2 Business Outcomes of SD-WAN Across Manufacturing

9.3.3 Retail

9.3.3.1 Multi-Regional Connectivity to Drive the SD-WAN Market in Retail

9.3.3.2 Business Outcomes of SD-WAN Across Retail

9.3.4 Healthcare

9.3.4.1 Emergence of Connected Healthcare to Drive the Market

9.3.4.2 Business Outcomes of SD-WAN Across the Healthcare

9.3.5 Government

9.3.5.1 Need for Better Connectivity to Drive the Market

9.3.5.2 Business Outcomes of SD-WAN Across Government

9.3.6 Transportation and Logistics

9.3.6.1 Superior Network Connectivity to Drive the Market

9.3.6.2 Business Outcomes of SD-WAN Across Transportations and Logistics

9.3.7 Energy and Utilities

9.3.7.1 Smart Grid to Grow the Adoption of SD-WAN Solutions

9.3.7.2 Business Outcomes of SD-WAN Across Energy and Utilities

9.3.8 Others

10 SD-WAN Market, Geographic Analysis

10.1 Introduction

10.2 North America

10.2.1 United States

10.2.1.1 United States to Have A Larger Market Share the in Market

10.2.2 Canada

10.2.2.1 Canada to Grow at A Higher Growth Rate During the Forecast Period

10.3 Europe

10.3.1 United Kingdom

10.3.1.1 United Kingdom to Adopt SD-WAN Solutions on A Large Scale in Europe Due to the Emergence of Cloud and Enterprise Mobility

10.3.2 Germany

10.3.2.1 Germany to Grow at A Higher Growth Rate Owing to the High Demand for Managed SD-WAN Services

10.3.3 Rest of Europe

10.4 Asia Pacific

10.4.1 China

10.4.1.1 China Encompasses A Huge Number of Enterprise Customers That Drives the SD-WAN Market Across the Country

10.4.2 Japan

10.4.2.1 Service Providers to Dominate the Market in Japan

10.4.3 Rest of Asia Pacific

10.5 Rest of the World

10.5.1 Brazil

10.5.1.1 Brazil to Leverage the Potential of SD-WAN Solutions to Streamline Network Operations and Improve Customer Experience

10.5.2 Gulf Cooperation Council

10.5.2.1 Gulf Cooperation Council Countries to Drive the Market Due to the Advent of Technologies Such as Cloud and Enterprise Mobility

10.5.3 Others

11 Competitive Landscape

11.1 Competitive Leadership Mapping

11.1.1 Visionary Leaders

11.1.2 Innovators

11.1.3 Dynamic Differentiators

11.1.4 Emerging Companies

11.2 Strength of Product Portfolio (29 Players)

11.3 Business Strategy Excellence (29 Players)

11.4 Ranking of Key Players for the SD-WAN Market, 2018

12 Company Profiles

12.1 Cisco

12.2 VMware

12.3 Silver Peak

12.4 Aryaka

12.5 Nokia

12.6 Oracle

12.7 Huawei

12.8 Infovista

12.9 Citrix

12.10 Juniper Networks

12.11 Fortinet

12.12 HPE

12.13 Fatpipe

12.14 Riverbed

12.15 Cloudgenix

12.16 Versa Networks

12.17 Adaptiv Networks

12.18 Peplink

12.19 Lavelle Networks

12.20 Martello

12.21 Mushroom Networks

12.22 Zenlayer

12.23 Bigleaf

For more information about this report visit https://www.researchandmarkets.com/research/47kqrb/softwaredefined?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190326005493/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Software

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/26/2019 07:18 AM/DISC: 03/26/2019 07:18 AM

http://www.businesswire.com/news/home/20190326005493/en