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What's driving the Latin America SD-WAN Market Trends? Key Players are VMware, Cisco, Citrix, Silver Peak, CloudGenix, Aryaka Networks

07-15-2019 05:34 PM CET | IT, New Media & Software

Press release from: P&S Intelligence

What's driving the Latin America SD-WAN Market Trends? Key

The Latin American software defined wide area network (SD-WAN) market is expected to reach $219.4 million by 2023, according to Intelligence.

Rising adoption of cloud-based applications and need for simplified enterprise network management are the major drivers of the market in the region.

Based on offering, the Latin American SD-WAN market is classified into solution and service. SD-WAN solution category accounted for more than 80% of the market revenue in 2017 and is expected to contribute a larger revenue share during the forecast period. This can be attributed to growing need for deploying reliable infrastructure to overcome shortcomings of internet network connection such as limited bandwidth availability and prioritization of data routing.

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Increasing migration of the Latin American enterprises from traditional WAN infrastructure to cloud-based applications, is resulting in increasing demand for SD-WAN solutions. Due to high maintenance cost and complex architecture of convectional network, enterprises are in need for secure, affordable, and ease of WAN management. In Latin America, organizations are continuously expanding for greater customer reach, which has increased the demand for effective network management.

With growing network complexity and data congestion on network ends, intelligent pathway control mechanism offered by SD-WAN enables policy-based routing, where network path is assigned based on source, destination, and specific application. Therefore, the demand for intelligent pathway control offers immense opportunities for the Latin American SD-WAN market players, owing to its dynamic path selection capabilities, which allow IT administrators to set up performance threshold for various types of traffic such as latency sensitive traffic, interactive traffic, and others. This ensures that critical data and applications use the best path, based on latency, jitter, and loss over the available virtual private network (VPN) tunnel in the network.

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Market Segmentation by Offering
• Solution
• Service
• WAN infrastructure
• SD-WAN control and overlay
• Communication Service Provider (CSP) SD-WAN managed service
• Cloud-managed SD-WAN
Market Segmentation by Appliance
• Virtual
• Physical
• Hybrid
Market Segmentation by Implementation Type
• In-House
• Outsourced

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Some of the key players operating in the Latin American SD-WAN market are VMware, Cisco, Citrix, Silver Peak, CloudGenix, Aryaka Networks. Mushroom Networks Incorporated, Gluware Inc., Elfiq Networks, and Aryaka Networks Inc.

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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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