Wide Area Network (WAN) Optimization Software Market expected to reach at USD 15.21 billion in 2032.Biggest Innovation with Top Key Players -Riverbed, Allot, FatPipe Networks, Citrix, Silver Peak, Cisco, Sangfor Technologies, Exinda, InfoVista

The global wide area network optimization market size is valued at USD 5.21 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2032. This market will reach at at USD 15.21 billion in 2032. The growth is primarily driven by the rapidly increasing demand for solutions that help businesses to efficiently monitor and manage data center networks.

Some of the Top companies Influencing this Market include:

Riverbed, Allot, FatPipe Networks, Citrix, Silver Peak, Cisco, Sangfor Technologies, Exinda, InfoVista

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Wide Area Network (WAN) Optimization Software Market Types:

Cloud-Based, On-Premises.

Wide Area Network (WAN) Optimization Software Market Applications:

Large Enterprises (1000+ Users), Medium-Sized Enterprise (499-1000 Users), Small Enterprises (1-499 Users)

Component Insights
The solution segment accounted for more than 70% of the global revenue share in 2019. This is attributed to the surging deployment of software-defined wide area networks (SD-WAN) among enterprises globally. WAN optimization solutions encompass SD-WAN and traditional WAN. SD-WAN is a virtual network architecture and enables companies to leverage a combination of network services including Long Term Evolution (LTE), 5G, Multiprotocol Label Switching (MPLS), and broadband services. The virtualized architecture of SD-WAN eliminates the backhaul infrastructure costs, thereby enticing business organizations to deploy it. Thus, SD-WAN optimization software is expected to experience strong growth over the forecast period.

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Enterprise-Size Insights
Large enterprises segment attained a market share of over 70% in 2019. This is attributed to the high adoption of WAN optimization software among large technology firms, banks, hospitals, and e-commerce retailers. The use of these solutions has been helping these firms to reduce the total cost of ownership and latency challenges while improving network efficiency. Moreover, large enterprises deploy software purchased from multiple vendors for different areas of application. WAN optimization solutions offer the interoperability required for different software to operate in synchronization. Therefore, increasing the need for interoperability in carrying out multiple operations is anticipated to propel the demand in large enterprises segment from 2020 to 2027.

With a large number of employees on-board and a huge customer base, large enterprises generate a substantial chunk of data. Subsequently, to manage the existing extensive IT infrastructure and applications efficiently, large enterprises increasingly implement optimization solutions. Moreover, in the wake of the ongoing COVID-19 pandemic, the requisite focus on managing staff remotely is further expected to boost the adoption of WAN optimization solutions among enterprises.

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Moreover, in a bid to expand their overall product portfolios and regional presence, leading players to aggressively target mergers and acquisitions. For instance, in July 2020, Hewlett Packard Enterprise announced its plan to acquire Silver Peak, a U.S.-based SD-WAN solution provider. The acquisition deal closed at an amount of USD 925 million is aimed at expanding its overall SD-WAN solution portfolio. Some of the prominent players in the wide area network optimization market include:

Cisco Systems, Inc.

HPE (Silver Peak)

Riverbed Technology

Citrix Systems, Inc.

Fortinet

Vmware Inc.

Broadcom (Symantec Enterprise)

FatPipe Networks Inc.

Versa Networks, Inc

Exinda

Blue Coat System

Infovista Corporation

NTT Communications

Aryaka Networks, Inc.

Circadence Corporation

Array Networks, Inc.

Sangfor Technologies Inc.

The massive outbreak of the COVID-19 pandemic has mercilessly taken a lot of lives as well as hampered the overall rate of market growth excessively. Hence, in this condition, the market experts must take the charge of formulating some efficient ideas to get rid of this prevailing situation and maintain a substantial rate of Wide Area Network (WAN) Optimization Software Market growth.

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