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Software-Defined Wide Area Network Market to Grow at A CAGR of 58% By 2025 | Top Players Cisco, Intel, AT&T, Pluribus, Pluribus, Huawei, Pics8, Extreme Networks, Juniper
Software-Defined Wide Area Network Market
Training & consulting services in the software-defined wide area network market are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers' ability to leverage SD-WAN solution deployments, which will meet their business objectives. The service providers offer training & consulting services that help enterprises in deploying, implementing & operating solutions and also help them to use the best strategy to ease the process of network transformation.
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Software-defined wide area network market is projected to surpass USD 17 billion by 2025. This market growth is driven by the rising adoption of SD-WAN solutions among enterprises to simplify network management. Such solutions enable network administrators to have complete control over their network and are widely deployed by organizations that have remote offices as they provide centralized management to control all the network assets remotely. It also substitutes some or all expensive Multiprotocol Label Switching (MPLS) with low-cost broadband links enabling enterprises to save huge costs. As software-defined wide area network market offer huge cost savings to adopters, the demand for these solutions is expected to accelerate over the forecast timeline.
Furthermore, growing remote IoT deployments will also drive the need among enterprises to enhance their ability to connect multiple and remote devices in real-time. As enterprises are witnessing an increase in the number of connected endpoints, the demand for such solutions offering high connectivity and network service reliability will increase. As IoT deployments increase WAN bandwidth requirements, enterprises are moving toward WAN optimization to ensure that critical IoT applications have appropriate bandwidth.
The North America software-defined wide area network market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.
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Companies operating in the software-defined wide area network market are focusing on various business growth strategies, including new product developments, strategic acquisitions, and partnerships. Through such strategic moves, companies are trying to gain a broader market share and maintain their leadership in the market. For instance, in December 2017, VMWare acquired VeloCloud for USD 610 million.
This acquisition enabled VMWare to integrate VeloCloud SD-WAN into its product suite and strengthened its position as a leader in the software-defined wide area network market. In October 2018, CenturyLink introduced the managed Cisco SD-WAN solution powered by Viptela. Through this solution, the company expanded its portfolio of SD-Wan solutions and provided more choices for its customers to improve their network optimization capabilities.
Glimpse of Table of Content (ToC)
Chapter 3. Software-Defined Wide Area Network Market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. software-defined wide area network market landscape, 2014-2025
3.4. SD-WAN ecosystem analysis
3.4.1. Hardware component providers
3.4.2. Network service providers
3.4.3. Communication service providers
3.4.4. Managed service providers
3.4.5. System integrators
3.4.6. Distributors
3.4.7. End users
3.5. SD-WAN architecture
3.6. Architecture approaches for SD-WAN
3.7. SD-WAN technology evolution
3.8. SD-WAN VS Traditional WAN
3.9. Technology & innovation landscape
3.9.1. Network virtualization
3.9.2. AI and machine learning
3.9.3. 5G
3.10. Regulatory landscape
3.10.1. MEF 3.0 SD-WAN Service Attributes and Service Definition Standard
3.10.2. The National Institute of Standards and Technology (NIST), U.S.
3.10.3. European Telecommunications Standards Institute (ETSI) GS NFV -IFA 008
3.10.4. The Open Compute Project and OPNFV
3.10.5. ISO/IEC 270001
3.10.6. IEEE SDN/NFV Standardization
3.11. Industry impact forces
3.11.1. Growth drivers
3.11.1.1. Increased adoption of SD-WAN in manufacturing due to rising IoT trend
3.11.1.2. Growing need among organizations to simplify network management
3.11.1.3. Implementation of SD-WAN for CAPEX and OPEX savings
3.11.1.4. Increased business agility and responsiveness
3.11.1.5. Rapid migration towards cloud-based applications
3.11.2. software-defined wide area network market Pitfalls and Challenges
3.11.2.1. Lack of in-house expertise
3.11.2.2. Concerns related to data security
3.11.2.3. Issues related to operationalization of hybrid networks
3.12. Porter’s Analysis
3.12.1. Threat of new entrants
3.12.2. Threat of substitutes
3.12.3. Bargaining power of buyer
3.12.4. Bargaining power of supplier
3.12.5. Industry rivalry
3.13. PESTEL analysis
3.14. Growth potential analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/software-defined-wide-area-network-sdwan-market
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