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Software-Defined WAN (SD-WAN) Technology Market - Global Industry Analysis, Growth, Trends Forecast Upto 2024

11-08-2016 12:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Research Reports

Software-Defined WAN (SD-WAN) Technology Market - Global

SD-WAN enables enterprises to build virtual networks and integrate service chaining. Software-defined WAN technology allows to integrate and automate systems for the enterprises. These technology not only support secured assembling of public and private connections at the same time it also permits automation, centralized network control and real time traffic management over multiple connections. Managing WAN through software, facilitates easy management of entire WAN connection through single interface, reducing complexity to manage network and enhancing enterprise security.

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The factors favorable for the SD-WAN market growth includes increasing demand for mobility services to manage network, minimizing enterprise capital expenditure. Furthermore, SD-WAN market is driven by cumulative demand for Internet of Thing (IoT), cloud and mobility services in the networking industry to revise traditional network architectures.

SD-WAN market have numerous challenges due to the technological complexity and consistency required in bandwidth provisioning. Moreover, growing security concerns are further pushing the demand for software defined WAN technology. These technology delivers secure and simple cloud enabled WAN connection with open and software based technology. This can be used for premium business services includes WAN optimization, Virtual Private Network (VPN) and Applications Delivery Control (ADC). Of these many start-ups are going for SD-WAN technology with somewhat using different approach to offer services such as Software-as-a-Service (SaaS) application in cloud and providing branch office connectivity implementing SD-WAN. With these highly competitive market some of the vendors are offering global network so that enterprises can use WAN as a Network-as-a-Service (NaaS).

The SD-WAN technology market is segmented on the basis of deployment model and end-user. On the basis of deployment model, market can be segmented as on-premise and cloud based model. Further, the end-user segment is classified into Banking, Financial Services, and Insurance (BFSI), healthcare, government, manufacturing and IT & telecom and others.

Software defined WAN technology market is anticipated to witness immense growth opportunities owing to increasing usage of cloud based technologies. Furthermore, enterprises are using innovative approaches for WAN deployments. Key proposition of SD-WAN is policy management that shifts network administrator’s focus from network management to that of application management. It provides enterprises control mechanism to deploy and manage WAN. This helps enterprises which have highly distributed branch locations and server to manage network connection such as healthcare, Banking, Financial Services & Insurance (BFSI), retail, education IT & telecom and others.

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North America region is expected to be the major market for software defined WAN technology market. The growth in North America is expected to be driven by countries such as the U.S. and Canada due to presence of major service provider in the region and major developments in the SD-WAN technology. Similar market trends are anticipated for European region also. Furthermore, in Asia Pacific, increasing deployment of highly efficient wireless communication solutions in countries including China, Japan and India is anticipated to provide growth opportunity in SD-WAN market

Some of the leading players in the Software-defined WAN technology market are Cisco Systems, Inc, Aryaka Networks, Inc., Talari Networks, Inc., Fatpipe Networks, Inc., Mushroom Networks, Inc., Glue Networks, Inc., Viptela, Inc., NetCraftsmen and VeloCloud Networks, Inc.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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