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Global SD-WAN Market Players are Launching New Products to Gain a Larger Market Share

05-10-2018 01:36 PM CET | IT, New Media & Software

Press release from: P&S Market Research

Global SD-WAN Market Players are Launching New Products to Gain

Global SD-WAN market size is set to cross $9.3 billion by 2022, growing at a CAGR of 59.2% between 2016-2022. The market is driven by factors such as rise of cloud computing, need for cost effective network management, simplified network architecture and increasing need for network security and visibility. In terms of type, the SD-WAN market is classified into product (WAN infrastructure, and SD-WAN control and overlay) and service (CSP SD-WAN managed and cloud-managed SD-WAN). SD-WAN products accounted for larger revenue in the SD-WAN market in 2015, and are also expected to contribute larger revenue during the forecast period. However, the market for SD-WAN service is expected to witness higher CAGR of 97.0%, during the forecast period.

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In terms of appliance, the SD-WAN market is categorized into virtual and physical appliances. Virtual SD-WAN appliance was the larger contributor to the SD-WAN revenue in 2015, and it is also expected to contribute larger revenue during the forecast period. SD-WAN vendors provide virtual and physical appliances, which are placed in large offices, small remote and branch offices, data centers and cloud platforms such as amazon web services (AWS). In terms of industry, the SD-WAN market is segmented into IT & telecom, BFSI, government, healthcare and others. The IT & telecom accounted for the major revenue of the SD-WAN industry in 2015. With increasing advancements in telecommunications and information technology, and demand for greater bandwidth for high performance applications, the market is expected to witness potential growth from IT & telecom industry during the forecast period.

North America led the SD-WAN market, followed by Europe and Asia-Pacific in 2015. The North American market for SD-WAN was valued at $69.9 million in 2015, and is expected to grow at a CAGR of 57.7% during the forecast period, to reach $2.7 billion by 2022. Among the countries in the North American region, the U.S. contributed larger revenue to the North American SD-WAN industry in 2015. It is expected to grow at a CAGR of 57.0% during the forecast period.

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The players in the SD-WAN market are launching new products to gain a larger market share. For instance, in September 2016. Mushroom Networks, a provider of SD-WAN solutions, announced the launch of a platform which represents the next stage of SD-WAN industry as VNF Design Studio. The virtual network function (VNF) design studio was to enable large enterprises and various service providers to easily build personalized virtual network functions which are custom made for their wide area networking (WAN) through a curated library of modular and drag & drop components.

Some of the key players in the 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.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports; business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

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