Global SD-WAN Market to Grow at Phenomenal CAGR of 51.4% through 2025

Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “SD-WAN Market” offers a clear insight about the SD-WAN assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter the market for SD-WAN in the near future.

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The full form of SD-WAN is software defined wide area network. The SD-Wan market is poised to be boosted at a striking pace in the coming years due to strong competition amongst the key players operating in the market that are using different kinds of strategies to stay on the pole position in this highly competitive market. These key players are developing and launching cutting edge technologies related to the SD-WAN market in order to stay ahead of their competitors. The massive growth of data all over the world and the increasing tractability offered by SD-WAN solution is the main reason of growth in the software defined wide area network market. Also, the huge amount of safety and easy resource provisioning associated with SD-WAN solutions are also the factors responsible for the dramatic growth of this market. However, the main restraint restricting the growth of SD-WAN market is the high cost of implementation of such solutions. In addition, the lack of standardization and resistance by the users of WAN architecture is also acting as a restraint to the growth of this market.

Global Market Forecast

As per the data provided by Transparency Market Research, the global SD-WAN market will witness a staggering growth of 51.4% CAGR during the assessment period of 2017 and 2025. Growth at this rate will lead to a market valuation of US$ 34.35 Bn by the end of the year 2025.

Market Taxonomy and Segmental Forecast

Global SD-WAN market is segmented on the basis of component (hybrid , virtual appliance, physical appliance), on the basis of deployment (on-premise, cloud), on the basis of service (managed services, professional services) and on the basis of vertical (healthcare, BFSI, government, IT and telecom, retail, manufacturing, others (oil & gas and mining and transportation)).

On the basis of vertical, the BFSI segment is expected to hold a majority of the market share due to their fast uptake of SD-WAN solutions. After the BFSI segment, the IT and telecom segment holds the second largest share in the SD-WAN market due to the strengthening and development of IT industry all over the world. The manufacturing segment is slated to be the fasting growing segment, registering a striking CAGR of 53.0% during the assessment period of 2017 and 2025.

Regional Forecast

On the basis of region, the report classifies the global SD-WAN market into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America is forecasted to dominate the global SD-WAN market by taking the leading share of this market and register a staggering CAGR of 52.9%. The North American market is expected to be valued at US$ 13.92 Bn by the end of the year 2025. The investments made by venture capitalists in the SD-WAN technology is expected to help North America to retain its dominant position in the market. Also, due to the presence of key industry players and rapid utilization of SD-WAN solutions by the BFSI sector will help North America to retain the pole position in this market.

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The Asia Pacific market will be the fastest growing market in terms of the growth rate by registering a CAGR of 58.6%. This is due to the presence of a booming retail sector, growing use of internet in the region and increased awareness about the SD-WAN technology in the Asia Pacific region. Moreover, there is a growing investment in the communication infrastructure of nations like China, Japan and India, and this is supposed to boost the market of SD-WAN technology in this region. Also, the presence of a number of IT and telecom players in the region are also expected to drive the growth of this market.

Competition Landscape

In this report, leading companies operating in the SD-WAN market have been profiled. Some of these include Riverbed Technology, Inc., Silver Peak, Inc., Viptela, Inc., Fatpipe Networks Inc., Talari Networks, Inc., Citrix Systems, Inc., Cloudgenix Inc., Versa Networks, Nuage Networks and VeloCloud Networks, Inc.

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