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Software-Defined Wide Area Network Market 2026 – Drivers, Restraint & Future Growth

Author : Ronak Bora | Published Date : 2020-09-15 

The Software-Defined Wide Area Network market is anticipated to record sizable growth as a result of arising need to improve network management capabilities across businesses. Organizations are increasingly seeking ways to simplify their WAN infrastructure to increase operational efficiency.

In a bid to cut operational cost, firms are adopting SD-WAN solutions over traditional WAN networks. Traditional networks mainly dependent on expensive hardware equipment to offer superior connectivity to remote locations which indirectly leads to increase in operational costs.

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Software-Defined Wide Area Network market is segmented in terms of component, deployment model, application, and regional landscape. Based on component, the SD-WAN market is classified into services and solution. The service segment is further categorized into managed services, integration & maintenance, and training & consulting. The training & consulting segment held a market share of over 20% in 2019 due to growing need to train the in-house staff for improving network performance.

With respect to application, the overall Software-Defined Wide Area Network market is bifurcated into healthcare, manufacturing, government, retail & consumer goods, BFSI, IT & telecom, and others. The BFSI application segment will witness a CAGR of over 60% through the projected timeframe due to rising demand for SD-WAN solutions across BFSI enterprises to connect to their remote offices. The healthcare application segment will represent a market share of over 15% by 2026 due to growing adoption of remote healthcare services.

From a regional frame of reference, LATAM Software-Defined Wide Area Network market will witness a CAGR over 61% across the analysis period due to the surging investments in cloud-based data centers across the region. The Middle East & Africa SD-WAN will witness a market share of more than 6% over the forecast timeframe due to increasing investments in smart city projects.

Software-Defined Wide Area Network market size is expected to exceed USD 30 billion by 2026. The growing demand to enhance network management capabilities and simplify the wide area network infrastructure across enterprises is anticipated to contribute significantly to the market growth.

The Europe Software-Defined Wide Area Network market is expected to grow at a CAGR of over 60% from 2020 to 2026. Huge private & government investments to foster IoT adoption will also accelerate market growth. For instance, in June 2018, the UK government planned to invest USD 75 million as an additional fund to boost the development of IoT technologies. Various ongoing public & private investments in future-ready 5G networks and broadband infrastructure across the region are expected to drive the SD-WAN market growth.

Companies operating in the industry are focusing on collaborative developments of innovative SD-WAN solutions. For instance, in October 2019, Juniper Networks partnered with PYXYA to deliver network security solutions to enterprise customers. The company leveraged PYXYA’s SD-WAN solution that features the NFX150 Networks service platform to provide mobile connectivity capabilities. This helped the company to serve the enterprise demand for networking solutions.

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Table of Contents (ToC) of the report:

Chapter 5.    Software-Defined Wide Area Network Market, By Component

5.1.    Key trends, by component

5.2.    Solution

5.2.1. Solution market estimates and forecast, 2015 - 2026

5.2.2. Physical appliance

5.2.2.1.    Physical appliance market estimates and forecast, 2015 - 2026

5.2.3. Virtual appliance

5.2.3.1.    Virtual appliance market estimates and forecast, 2015 - 2026

5.3.    Service

5.3.1. Service market estimates and forecast, 2015 - 2026

5.3.2. Training & consulting

5.3.2.1.1.    Training & consulting market estimates and forecast, 2015 - 2026

5.3.3. Integration & maintenance

5.3.3.1.1.    Integration & maintenance market estimates and forecast, 2015 - 2026

5.3.4. Managed service

5.3.4.1.1.    Managed service market estimates and forecast, 2015 - 2026

Chapter 6.    Software-Defined Wide Area Network Market, By Deployment Model

6.1.    Key trends, by deployment model

6.2.    On-premise

6.2.1. On-premise market estimates and forecast, 2015 - 2026

6.3.    Cloud

6.3.1. Cloud market estimates and forecast, 2015 - 2026

6.4.    Hybrid

6.4.1. Hybrid market estimates and forecast, 2015 - 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/software-defined-wide-area-network-sdwan-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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