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Global SD-WAN Market Size, Share, Development, Growth and Demand Forecast to 2022 : P&S Market Research
Legacy WAN solutions are not sufficient to protect network from increasing threats and overall control. Enterprise IT is continuously updating its network infrastructure to reduce the chances of malicious activities such as unauthorized access to business-critical data, and ensure business continuity. Apart, IT administrators also require real-time network visibility to track network activity from end to end.
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SD-WAN solutions help in monitoring and measurement of network traffic, providing deep visibility to IT department into WAN and allowing them to quickly pinpoint a security attack. It enables enterprises to create certain priority policies in order to inform the network about how certain types of traffic should be treated.
SD-WAN solutions shift traffic management and monitoring from physical devices to applications, providing greater agility and flexibility at reduced cost. In addition, it eliminates the need for manually configuring traditional routers in branch locations and enables network administrators to remotely program the edge appliance through a central controller.
The global SD-WAN market is gaining interest due to increasing adoption of cloud-based technologies, demand for higher bandwidth by service providers, cost-effective WAN management solutions, and greater flexibility and visibility in network management. SD-WAN products and services vary from vendor to vendor, many of which offers hybrid WAN dynamic traffic routing over both private and public links, such as long term evolution (LTE), multi-protocol label switching (MPLS) and broadband.
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The global SD-WAN market is expected to witness a CAGR of 59.2% during the forecast period, to reach $9,378.6 million by 2022. A significant growth rate is expected, due to increasing demand for higher bandwidth and rising cost of WAN management in medium and large enterprises, globally. In addition, zero-touch, seamless integration, reliability, end-to-end security and visibility, performance management, and efficient traffic control features of SD-WANs are also driving the SD-WAN market growth.
The increasing number of mergers and acquisitions, increasing adoption of cloud and virtualization technology, and increase in managed service offerings are some of the key trends observed in the global SD-WAN market. Moreover, the global SD-WAN market is also witnessing the emergence of many new SD-WAN solution start-ups with their innovative and advanced offerings.
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