Software-Defined Wide Area Network Market: Anticipated to Surge with a 31.6% CAGR by 2032, Touching a Whopping US$ 53.8 Billion

The software-defined wide area network market is projected to experience significant growth, with a CAGR of 31.6% expected from 2022 to 2032. This growth is anticipated to propel the SD-WAN market's value from US$ 3.4 billion in 2022 to a substantial US$ 53.8 billion by 2032. SD-WAN solutions are in strong demand across various industries due to their ability to efficiently manage intricate and diverse network infrastructures at a cost-effective price point.

Software-defined wide area network solutions meet the cloud application's requirements for increased bandwidth and low latency while optimizing bandwidth. Software-defined wide area network streamlines network complications such as WAN network configuration, administration, and optimization, which are some of the other factors expected to boost the software-defined wide area network market statistics.

Adopting the same is expected to bring about potential software-defined wide area network market growth opportunities. The demand for software-defined wide area networks is increasing as firms rely heavily on the work-from-home effort as a result of the COVID-19 epidemic. Organizations are searching for innovative networking solutions to improve agility and security in order to support remote working.

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The pandemic's supply chain disruption is causing a short-term barrier, notably in the deployment of software-defined wide area network equipment. COVID-19 is predicted to have a favourable software-defined wide area network market trends. Due to supply chain interruptions, the software-defined wide area network market may see a little decline.

During the projected period, North America is estimated to have the biggest software-defined wide area network market share in the global software-defined wide area network market. Due to the large-scale installation of software-defined wide area network solutions by service providers and verticals in the nation, the United States has emerged as the largest country for software-defined wide area network market opportunities in terms of market size.

Large CSPs in the United States include AT&T, Sprint, T-Mobile, CenturyLink, and Verizon. To decrease CAPEX and streamline network operations, business sectors are using software-defined wide area network solutions in their core networks to positively affect the software-defined wide area network market future trends.

Key Takeaways from the Software-Defined Wide Area Network Market Report:

In the United States, the software-defined wide area network market is estimated to reach US$ 19 Billion by 2032, increasing at a CAGR of 31.3% through 2032.
The software-defined wide area network market in the United Kingdom is expected to be worth US$ 2.28 Billion by 2032, with a CAGR of 30.5% through 2032.
China's software-defined wide area network market is expected to reach US$ 3.9 Billion by 2032, with a CAGR of 30.9% through 2032.
The market for software-defined wide area network in Japan is expected to be valued at US$ 3.2 Billion by 2032, expanding at a 29.9% annual rate through 2032.
South Korea is expected to reach a market size of US$ 1.9 Billion in software-defined wide area network by 2032, with a CAGR of 28.9% through 2032.
The software-defined wide area network market's cloud segment form the deployment category is predicted to develop at a CAGR of 32.5% through 2032.
Through 2032, large enterprises in the software-defined wide area network market's organization size sector will grow at a CAGR of 33.2%.

Some of the recent developments:

Cisco announced the completion of its acquisition of Viptela Inc., a privately held San Jose-based software-defined wide area network (SD-WAN) company.
VeloCloud, the market leader in cloud-delivered SD-WAN, was acquired by VMware. This allows enterprises and service providers to implement flexible and secure WAN connectivity.
Aryaka Networks, a leading provider of SD-WAN technology, was acquired by HPE. This acquisition is considered to significantly strengthen HPE's position in the SD-WAN market.

Key Players:

Cisco
VMware
Silver Peak
Oracle
Huawei

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Software-Defined Wide Area Network Market Segmentation:

By Component:

Solution
Services

By Deployment:

On-premises
Cloud

By Organization Size:

SMEs
Large Enterprises

By End-users:

Service Providers
Verticals

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Nandini Singh Sawlani

Future Market Insights Inc.
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This release was published on openPR.