Global SD-WAN market worth $220.2 million in 2015
The study reveals that the global SD-WAN market is likely to grow from $220.0 million in 2015 to $9,378.6 million by 2022. Due to increasing demand for higher bandwidth and rising cost of WAN management, the global SD-WAN market is gaining traction.
Insights on market segments
As per the findings of the research, virtual appliance led the global SD-WAN market in 2015. Among various industries, healthcare is expected to witness the highest growth in demand of SD-WAN solutions during the forecast period. Among regions, SD-WAN market is expected to witness fastest growth in demand from Asia-Pacific by 2022. With increasing in-house WAN management complexities, outsourced deployment is expected to continue its larger contribution to the market revenue during the forecast period.
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North America stands as the largest SD-WAN market
Geographically, North America has been the largest market for SD-WAN, where the U.S. has been the largest contributor to the regional market. China has been the major market in Asia-Pacific. In Europe, Germany is expected to be the major contributor to the regional market.
Evolution of cloud computing bolsters the global SD-WAN market growth
The factors driving the growth of the market include rise of cloud computing, need for cost-effective network management, simplified network architecture, and increasing need for network security and visibility. Globally, increase in migration of global enterprises from traditional WAN infrastructure to cloud-based solutions has been developing interest in software-defined wide area network (SD-WAN).
High competition among players in the global SD-WAN market
The research states that the global SD-WAN market is competitive with many players introducing their product offerings. Some of the key players in the global SD-WAN market are Citrix Systems, Inc., Silver Peak Inc., Cloudgenix, Inc., Ecessa Corporation, Viptela, Riverbed Technology, Inc., Mushroom Networks, Inc., VeloCloud Networks and Glue Networks.
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- WAN infrastructure
- SD-WAN control and overlay
- CSP SD-WAN managed services
- Cloud-managed SD-WAN services
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