Software-Defined WAN (SD-WAN) Technology Market - Key Trends, Industry Opportunities And Projections for Upcoming Years
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For the purpose of the study, the global software-defined WAN (SD-WAN) technology market can be segmented based on end user and deployment model. In terms of end user, the market can be classified into banking, financial services, and insurance, government, healthcare, IT and telecom, manufacturing, and others. The report provides an in-depth analysis of the factors influencing the market’s growth across the aforementioned segments.
The report offers a comprehensive evaluation of the global software-defined WAN (SD-WAN) technology market. It does so by including in-depth insights into the growth drivers and restraints affecting the market, verifiable projections about market size, and historical data. The projections included in the report is sourced via proven research methodologies. By doing so, the market study serves as a rich repository of information and analysis related to every aspect of the market including, segmentation based on various parameters.
The global SD-WAN market is poised to exhibit exponential growth over the course of the forecast period thanks to the increasing usage of cloud-based technologies. With enterprises innovative approaches to facilitate WAN deployments, the market for SD-WAN is expected to witness attractive scope for growth in the near future. These trends could also facilitate the market’s expansion across the emerging nations.
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The key proposition of the technology lies in policy management that steers shift from network management to application management. It also provides enterprises with control mechanism needed to deploy and manage wan. SD-WAN is thus designed to assist enterprises with scattered branch locations and services manage network connections efficiently. The services offered by the software-defined WAN technology market has proven helpful across diverse industries, which include banking, financial services, and insurance (BFSI), healthcare, IT and telecom, education, retail, and others.
Furthermore, the market is expected to gain from the increasing demand for mobility services to minimize enterprise capital expenditure and increase service mobility to manage networks. On the downside, the market has to face numerous challenges due to the presence of a few technological complexities. In addition the growing security concerns are also posing threat to the market.
Regionally, North America, Asia Pacific, Europe, and Rest of the World make the leading markets for software-defined WAN (SD-WAN) technology. Of these, North America will in particular offer lucrative prospects for enterprises operating in the market driven by countries such as Canada and the U.S. The presence of leading service providers in the region, coupled with the recent developments in the SD-WAN technology, is supporting the market’s growth in North America. The market trends prevalent in Europe is also expected to be somewhat similar.
Furthermore, the market is expected to gain from the increasing deployment of wireless communication solutions in Asia Pacific. The rising demand from emerging nations such as India, China, and Japan would provide further boost to the software-defined WAN technology market in the region.
The report offers an in-depth evaluation of the market’s competitive landscape. For the purpose of the study it thus profiles companies such as Cisco Systems, Inc, Talari Networks, Inc., Viptela, Inc., Aryaka Networks, Inc., Mushroom Networks, Inc., Fatpipe Networks, Inc., VeloCloud Networks, Inc., NetCraftsmen, and Glue Networks, Inc. Using SWOT analysis, the report gauges the strengths and weaknesses of these companies. The analysis also provides a detailed assessment of the threats and opportunities that these companies are likely to face over the course of the forecast period.
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