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Global Software-Defined Wide Area Network (SD-WAN) Market to Reach $34.34 Billion by 2029, Growing at 35.29% CAGR
Global Software-Defined Wide Area Network (SD-WAN) Market
The market for software-defined wide area network (SD-WAN) has seen significant expansion in the past few years. It is projected to increase from $7.56 billion in 2024 to $10.25 billion in 2025, with a compound annual growth rate (CAGR) of 35.6%. Factors contributing to this growth during the historic period include streamlined network solutions, increased demand for broadband internet connections, businesses aiming to decrease operational expenses, efforts to cut operating costs, and heightened adoption due to the growing number of mobile workers.
The market size of the software-defined wide area network (SD-WAN) is anticipated to experience substantial growth in the forthcoming years, reaching $34.34 billion by 2029, with a CAGR of 35.3%. Factors that contribute to this projected expansion during the forecast period are attributable to the rise in cloud-based services, the escalating need for mobility services, increased smartphone usage, enhanced bandwidth efficiency, and solid infrastructure. Key market trends during this period include technological progression, heightened demand for internet broadband connections, efforts to decrease operational costs, the incorporation of artificial intelligence (AI), and a greater emphasis on digital transformation.
What Factors Are Fueling Growth in the Software-Defined Wide Area Network (SD-WAN) Market?
The surge in the use of cloud-based solutions is predicted to fuel the expansion of the software-defined wide area network (SD-WAN) market. Cloud-based solutions are essentially services or applications that utilize cloud computing technologies. Factors that motivate the adoption of these services include their scalability, cost-effectiveness, worldwide access, enhanced security, and continuous innovation. Software-defined wide area networks improve upon cloud-based solutions by optimizing traffic routing for enhanced performance, incorporating security features, decreasing expenses through the efficient use of various connection types, simplifying centralized management, facilitating scalability, and guaranteeing dependable connectivity with failover and load balancing features. For instance, in December 2023, Eurostat, a government agency based in Luxembourg, noted that in 2023, 45.2% of EU enterprises were utilizing cloud computing services, a rise of 4.2% from 2021. As a result, the proliferation of cloud-based solutions propels the software-defined wide area network (SD-WAN) market.
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Which Leading Companies Are Shaping the Growth of the Software-Defined Wide Area Network (SD-WAN) Market?
Major companies operating in the software-defined wide area network (SD-WAN) market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, Ericsson, Nokia Corporation, NEC Corporation, VMware Inc., Palo Alto Networks, Juniper Networks Inc., Fortinet Inc., Ciena Corporation, Citrix Systems Inc., Tata Communications, Forcepoint, Riverbed Technology, Cato Networks Ltd., Versa Networks Inc., Epsilon Telecommunications, Aryaka Networks Inc., FatPipe Networks Inc., Adaptiv Networks Inc., Silver Peak Systems Inc.
What Are the Major Trends Shaping the Software-Defined Wide Area Network (SD-WAN) Market?
Premier companies involved in the software-defined wide area network (SD-WAN) market are prioritizing the creation of ground-breaking solutions, including multi-tenant edge Secure SD-WAN solutions, to bolster security and performance while also offering cost-effective scalability for enterprises. Multi-tenant edge Secure SD-WAN solutions are essentially network infrastructures that cater to multiple tenants or business divisions within a singular platform and deliver superior security, insulated network environments, and streamlined network administration at the network edge for increased performance and cost effectiveness. For instance, in October 2022, the Swiss air transport IT and communication firm, SITA, collaborated with the US-based secure access service edge (SASE) firm, Versa Networks, to introduce SITA Connect Go. This multi-tenant edge secure SD-WAN solution caters specifically to the air transport sector. SITA Connect Go is a software-oriented solution that offers the capability for several airlines, ground handling services, and tenants to leverage the same virtualized infrastructure at airports and on the cloud, thereby facilitating scalable and versatile connectivity. This paves the way for enhanced flexibility and aids the airline sector's transition towards multi-cloud adoption.
What Are the Key Segments of the Software-Defined Wide Area Network (SD-WAN) Market?
The software-defined wide area network (SD-WAN) market covered in this report is segmented -
1) By Component Type: Solutions, Services
2) By Deployment Mode: Premise, Cloud, Hybrid
3) By Organization Size: Large Enterprises, Small-Medium Enterprises
4) By End-User Industry: Healthcare, Banking And Financial Services, Retail And Consumer Services, Manufacturing, Transport And Logistics, Information Technology (IT) And Telecommunication (Telecom), Other End-User Industries
Subsegments:
1) By Solutions: SD-WAN Software, SD-WAN Appliances, SD-WAN Controllers, Security Solutions, Orchestration Solutions, Traffic Management And Optimization Solutions
2) By Services: Professional Services, Managed Services, Cloud Connectivity Services, Technical Support And Maintenance Services, Integration Services
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Which Region Dominates the Software-Defined Wide Area Network (SD-WAN) Market?
North America was the largest region in the software-defined wide area network (SD-WAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software-defined wide area network (SD-WAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Software-Defined Wide Area Network (SD-WAN) Global Market Report?
- Market Size Analysis: Analyze the Software-Defined Wide Area Network (SD-WAN) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Software-Defined Wide Area Network (SD-WAN) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Software-Defined Wide Area Network (SD-WAN) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Software-Defined Wide Area Network (SD-WAN) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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