Press release
The global SD-WAN market is projected to grow rapidly and reach a valuation of US$ 53 Bn by the end of 2030.
SD-WAN Market
As per the report by PMR, the global SD-WAN market is projected to grow rapidly and reach a valuation of US$ 53 Bn by the end of 2030.
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Key Takeaways from SD-WANs Market Study
• The appliances segment in the SD-WAN market is expected to gain significant share, owing to increasing adoption of cloud platforms.
• Increasing need for fast services and app agility, and secure access to cloud applications, is boosting demand for SD-WAN solutions.
• The enterprise segment by end user is expected to hold a prominent share in the SD-WAN market, owing to the adoption of associated SD-WAN services.
• Rapid adoption of 5G applications and infrastructure is anticipated to result in significant dominance of North America in the global SD-WAN market.
• With companies across the world replying more on remote operations due to the COVID-19 pandemic, the global SD-WAN market is set to proliferate extensively from this situation.
"Number of partnerships between service providers and vendors in the SD-WAN marketplace is growing quickly. SD-WAN services offer service providers new opportunities to enhance consumer experience. This factor is expected to increase adoption of SD-WAN during the forecast period," says a PMR analyst.
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Technology Advancements in SD-WAN Solutions to Boost Market Growth
Growing use of Internet of Things (IoT), cloud, and mobile applications have increased the requirement of edge services. Cloud-based services are attractive centers for deploying IT solutions, as they decrease IT infrastructure costs while hastening the speed of services for organizations. The cloud-based solution segment is expected to witness high demand, due to its wide range of functionalities, such as increased flexibility, automation, and faster services.
Key Players :
• Cisco Systems, Inc.
• Palo Alto Networks
• Fortinet, Inc.
• VMware, Inc.
• Riverbed Technology
• Aryaka Networks, Inc.
• Versa Networks, Inc.
• CloudGenix Inc.
• Lavelle Networks
• CenturyLink, Inc.
• Silver Peak Systems
• Nuage Networks
• Ecessa Corporation
• Talari Networks
• Cato Networks
• Infovista
• IBM Corporation
More Valuable Insights on SD-WAN Market
A new market research report published by Persistence Market Research (PMR) on the global SD-WAN market includes global industry analysis of 2015-2019 and opportunity assessment for 2019-2030. The report provides valuable insights on the basis of solution (SD-WAN appliances [physical appliances {on-premise}, virtual appliances {cloud}] and services (professional services [integration & deployment, consulting support & maintenance), and managed services]), end user (service providers [telecom service providers, Internet service providers, and others] and enterprises [SMEs and large enterprises]), and industry (BFSI, healthcare, IT & telecom, government, retail & CPG, energy & utilities, manufacturing, and others), across six major regions.
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