SD-WAN Market in Managed services to witness 65% CAGR between 2019 to 2025 | Global Players are Aryaka Networks, Barracuda, Cisco, Citrix, Huawei Technologies, Oracle, VMware, ZTE Corporation, Silver Peak, Infovista
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This sector, in the years to come, is anticipated will become even more complex with further diversification, deregulation, consolidation and globalization of the financial industry. Irrefutably, this complexity in the BSFI industry can be effectively addressed only by deploying SD-WAN solutions, which will augment the SD-WAN market share from BFSI applications in the coming years. Of late, the modern banking industry is also remnant of extensive diversification, as is observed by the penetration of some select banks in the domains of core investments, security underwriting, insurance, and portfolio management. With banks and other financial institutions widening their service portfolios, working to evolve as vital entities in the global business landscape, SD-WAN market size from BFSI applications is expected to surge massively, given the humongous demand for these solutions to reduce complexity and costs.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aryaka Networks
5. Huawei Technologies
8. ZTE Corporation
9. Silver Peak
While IoT solutions are experiencing accelerated adoption across a plethora of industrial sectors, the adoption rate is significantly more prominent in the global manufacturing domain. This is primarily due to the wide use of different sensors & smart devices that help conduct the day-to-day operations at different manufacturing facilities. However, manufacturing firms also require solutions that facilitate unprecedented network visibility for the effective management of these endpoints, which would be driving SD-WAN adoption and fueling the industry growth further.
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The penetration of smart IoT devices in varied industry verticals, including retail and consumer goods, telecom, manufacturing, and healthcare has substantially increased security risks and network complexities. SD-WAN solutions play a vital role in this context, given that they help improve network visibility for the management of connected devices for reducing security risks, and address the complexities of the IoT infrastructure.
The prevailing AI-enabled SD-WAN solutions would also boost the demand for SD-WAN as machine learning algorithms are broadly utilized for WAN optimization. This would further enable network administrators to analyze WAN traffic and re-route the same, automatically, for the selected connection. The capability of SD-WAN has thus proved useful across a spate of verticals, expanding the application scope of the global SD-WAN market.
Moreover, SD-WAN also enables manufacturers to prioritize network traffic & simplify the management of the network to ensure that the applications that are business-critical obtain the connection they require for their timely operation. Furthermore, as the implementation of communication technologies & IoT devices continues to rise throughout the manufacturing industry, the demand for solutions that support proper connectivity throughout the manufacturing facilities, would also depict an increase. Estimates claim that the global SD-WAN market is expected to witness a highly commendable CAGR of 60% over 2019-2025.
SD-WAN solutions also provide the companies with improved network visibility, and help in reducing network complexities of managing dynamic workloads. By utilizing SD-WAN solutions, organizations can benefit from cost reduction and secure connections, which in turn will propel the commercialization landscape of SD-WAN market in the years to come.
Browse key industry insights spread across 300 pages with 362 market data tables & 31 figures & charts from the report, SD-WAN Market in detail along with the table of contents:
Aided by a robust application spectrum and the ubiquitous trend of IoT, the global SD-WAN market is slated to accumulate significant momentum over the forthcoming years. In fact, according to a research report by Global Market Insights, Inc., it is estimated that the global SD-WAN market size would be surpassing the $17 billion renumeration mark by 2025.
The SD-WAN market has lately been growing at a significant pace, characterized by the robust adoption of these solutions across a spate of industry verticals, given their ability to help organizations regarding their legacy infrastructure maintenance. The traditional infrastructure of WAN is known to rely extensively on costly hardware appliances for providing connectivity in remote locations. However, organizations have now been able to reduce those expenses by deploying SD-WAN solutions. Moreover, the solutions also assist enterprises in directly connecting remote users and devices to the cloud and ensuring secure connections.
Considering the exponential adoption rate of SD-WAN solutions across the industrial sector, it comes as no surprise that the SD-WAN market has been touted to crop up to be one of the most lucrative investment grounds over the forthcoming years. A majority of SD-WAN adoptions across different enterprises are driven by the need of unburdening the organizations of their expensive legacy WAN infrastructures, which heavily rely upon expensive network hardware appliances to facilitate connectivity to numerous remote locations, and considerably reduce these expenses for the companies.
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