Big Data and Internet of Things (IoT) Technologies Driving SD-WAN Market

The global SD-WAN market is being driven by an increasing demand for cost-effective network management, network security and visibility, and simplified network architecture, and the popularity of cloud computing. In 2017, the market was valued at $676.9 million, and it is expected to demonstrate a CAGR of 54.1% during the forecast period 2018–2023.

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The market is being driven by multiple factors, one of which is the need for cost-effective network management. As organizations are expanding geographically, their broadband connectivity demand for enterprise area network has increased. Traditional WAN models are becoming unsuitable, as their manual configuration is time-consuming and complex.

The global SD-WAN market is segmented by region, offering, industry, implementation type, and appliance. The implementation type segment is categorized into outsourced and in-house services. Out of these, the larger share was held by in-house SD-WAN services in 2017, a trend which is predicted to continue during the forecast period. However, the outsourced category is expected to attain a higher CAGR of 59.5%. The shift toward outsourced implementation would be because of its lower failure risk and less complexity, compared to in-house deployment.

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The research offers historical market size of the global software defined wide area network (SD-WAN) market for the period 2013–2017 and market forecast for the period 2018–2023.

Market Segmentation by Offering
Market Segmentation by Appliance
Market Segmentation by Implementation Type
Market Segmentation by Industry
Market Segmentation by Region

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