DUBLIN--(BUSINESS WIRE)--The "Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Verticals), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global SD-WAN market size is expected to grow from USD 1.9 billion in 2020 to USD 8.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.5% during the forecast period.
The increasing number of cloud-based applications increases traffic in the network and SD-WAN provides better cloud connectivity than MPLS does. As a result, enterprises are expected to opt for SD-WAN. The deployment of SD-WAN also enables network operators to save capital and reduce OPEX. To handle increased traffic, enterprises need to move toward more advanced technologies, boosting the global SD-WAN market during the forecast period.
By organization size, SMEs segment to account for a higher market share during the forecast period.
The SMEs segment is expected to account for a higher market share during the forecast period. Cloud-based solutions increase flexibility and reduce capital expenditure. Increasing adoption of cloud-based SD-WAN solutions has enhanced the affordability of SD-WAN solutions resulting in increased demand for SD-WAN solutions from the SMEs. Also, service providers are increasingly adopting the SD-WAN technology to offset the declining MPLS revenues, as well as cater to the new customer segments especially the SMEs.
Among the deployment type, cloud deployment is expected to dominate the market in the future.
The cloud-enabled SD-WAN deployment model offers the benefits and features of on-premises along with the added benefit of connecting to a virtual or cloud gateway have boosted the adoption of SD-WAN solutions. Furthermore, businesses and enterprises are moving to cloud-based applications, thus the demand and adoption of cloud-based SD-WAN are going to increase over time.
Among regions, North America to grow at the highest CAGR during the forecast period.
North America is expected to record the highest growth rate among all regions, as the region is the fastest adopter of innovative technologies. An increasing need for mobility services is a major growth factor for the SD-WAN market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the SD-WANmarket.
- Increasing Number of Cloud-Based Solutions
- Rising Need for Mobility Services
- Enterprises' Focus on Reducing Opex with SD-WAN
- Reliability Issues in SD-WAN
- Digital Transformation Across Organizations
- Increasing Network Traffic
- Concerns Over SD-WAN Security
- Silver Peak
- Juniper Networks
- Versa Networks
- Adaptiv Networks
- Lavelle Networks
- Mushroom Networks
For more information about this report visit https://www.researchandmarkets.com/r/c3jtkp