SD WAN Market

SD WAN Market generated a revenue of USD 1,900 Million in 2020 and is estimated to witness a strong 20% CAGR during the forecast period, due to the emerging need for a simplified enterprise network architecture and cost-efficient WAN management and automation.

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Major SD WAN Market Drivers

Growth in the SD WAN Market is driven by the augmenting demand for mobility services, growing emphasis on reducing operational expenditure with SD-WAN, along with the rising need to simplify network management. SD WAN solutions help the data centers to expand the networks according to the sizes, augmenting the market growth. Factors like accelerating internet penetration, growing adoption of Internet of Things, cloud-based solutions, and big data, are estimated to propel the market growth. Furthermore, a significant increase in the agility and responsiveness of businesses, as well as shift to cloud-based applications, have strengthened the market size. Increasing demand for a seamless connectivity while maintaining effective operations and growing use of Internet of Things, Big Data, and cloud-based solutions will boost the SD-WAN market size.

Moreover, the high-speed deployment of new network offered by SD-WAN as compared to the conventional network deployment modes using routers and gateways is another factor projected to expand the market growth. Increasing adoption of SD-WAN due to the remarkable features which include complete visibility and access to the network, better network security, a reduction in cost and complication of network management, and higher bandwidth without additional cost, will augment the market growth. Additionally, the demand for software-defined wide area network (SD-WAN) is driven by the advent of new products and services to ensure seamless connectivity of employees and access to data and applications from remote locations. However, the high implementation cost, need for technical skills, security, and complexity might hamper the market growth.

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Deployment Type – Segment Analysis

Cloud deployment type is predicted to lead the global SD WAN market over the forecast period, as it helps to simplify, reduce costs, bandwidth efficiency, and a simple on-ramp to the cloud without impeding safety and data privacy. Growing adoption of cloud-based services due to their ability to support highly automated operations in a cost-effective manner, is expected to bolster the market growth. Moreover, with the increasing cases of cloud security challenges, like control and visibility of cloud data, misconfiguration, and user access to cloud data and applications, have bolstered the demand for advanced SD-WAN solutions. These solutions help to improve the network infrastructure, by increasing branch office agility, and streamlining application performance, which is propelling the market growth.

Industry – Segment Analysis

Healthcare industry is forecast to lead the market over the forecast period, due to the growing demand for enhanced patient experience, increasing deployment of remote medical care solutions, emerging need to comply the regulatory compliance, and the need for centralized management and monitoring which offers a complete visibility of the WAN. The growing deployment of telehealth services, and increasing application of cloud-based applications have strengthened the market growth. Moreover, the rising healthcare spending is also supporting the adoption of SD-WAN solutions, globally. For instance, according to the 2020 Global Healthcare Sector Outlook report by Deloitte, the global healthcare spending is projected to rise at a CAGR of 5% during 2019–2023.

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Regional – Segment Analysis:

North America region is estimated to hold a larger share in the global SD WAN market over the upcoming years, primarily because of the growing demand for the next generation 5G network. Moreover, in 2020, the US Federal Communication Commission introduced the National Strategy to safeguard 5G networks. The strategy emphasizes on developing, implementing, and managing the 5G communication infrastructure. The growth in the market is attributed to the existence of leading market players in the region, increasing emphasis on the advent of SD-WAN solutions, increasing adoption of next-generation technologies, strategic support from the government for the setup of the 5G network infrastructure, and the emerging need of enterprises to simplify their network operations.

Top Market Players

Various notable players operating in the market include Cisco Systems, Inc., Palo Alto Networks, Aryaka Networks, Inc., IBM Corporation, Silver Peak Systems, Lavelle Networks, CloudGenix Inc., Riverbed Technology, Lumen Technologies, Hawlett Packard, and among others.

Key Developments:

• • In 2020, Cisco launched its new SD WAN edge platform to deliver secure and automated access to applications. The edge Platform accelerates cloud adoption by providing businesses with flexible options for secure connectivity and visibility to applications across cloud, data center, and edge.
  • In 2020, Palo Alto Networks, the global cybersecurity leader, announced its acquisition of CloudGenix Inc., an industry-leading cloud-delivered SD-WAN provider. The acquisition aims further to strengthen Palo Alto Networks comprehensive secure access service edge (SASE) platform.

Segments covered in the Report:

The global SD WAN market has been segmented on the basis of Deployment Type, Industry, Component, Organization Size, and regions. Based on Deployment Type, the market is segmented into On-Premises, Cloud, Hybrid. Based on Industry, the market is segmented into Retail, Manufacturing, Healthcare, BFSI, IT & Telecom, Government, Healthcare, Energy & Utilities, and Others. Based on Component, the market is segmented into Solution, Service. Based on Organization Size, the market is segmented into SMEs, Large Enterprises.

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Market Segmentation

Global SD WAN Market by Deployment Type

• • On-Premises
  • Cloud
  • Hybrid

Global SD WAN Market by Industry

• • Retail
  • Manufacturing
  • Healthcare
  • BFSIIT & Telecom
  • Government
  • Healthcare
  • Energy & Utilities
  • Others

Global SD WAN Market by Component

• • Solution
  • Service

Global SD WAN Market by Organization Size

• • SMEs
  • Large Enterprise

Global SD WAN Market by Region

• • North America SD WAN Market (Option 1: As a part of the free 25% customization)

    • North America SD WAN Market by Deployment Type
    • North America SD WAN Market by Industry
    • North America SD WAN Market by Component
    • North America SD WAN Market by Organization Size
    • US SD WAN Market All-Up
    • Canada SD WAN Market All-Up

  • Europe SD WAN Market (Option 2: As a part of the free 25% customization)

    • Europe SD WAN Market by Deployment Type
    • Europe SD WAN Market by Industry
    • Europe SD WAN Market by Component
    • Europe SD WAN Market by Organization Size
    • UK SD WAN Market All-Up
    • Germany SD WAN Market All-Up
    • France SD WAN Market All-Up
    • Spain SD WAN Market All-Up
    • Rest of Europe SD WAN Market All-Up

  • Asia-Pacific SD WAN Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific SD WAN Market by Deployment Type
    • Asia-Pacific SD WAN Market by Industry
    • Asia-Pacific SD WAN Market by Component
    • Asia-Pacific SD WAN Market by Organization Size
    • China SD WAN Market All-Up
    • India SD WAN Market All-Up
    • Japan SD WAN Market All-Up
    • Rest of APAC SD WAN Market All-Up

  • RoW SD WAN Market (Option 4: As a part of the free 25% customization)

    • RoW SD WAN Market by Deployment Type
    • RoW SD WAN Market by Industry
    • RoW SD WAN Market by Component
    • RoW SD WAN Market by Organization Size
    • Brazil SD WAN Market All-Up
    • South Africa SD WAN Market All-Up
    • Saudi Arabia SD WAN Market All-Up
    • UAE SD WAN Market All-Up
    • Rest of world (remaining countries of the LAMEA region) SD WAN Market All-Up

Major Players Operating in the SD WAN (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems, Inc.
  • Palo Alto Networks
  • Aryaka Networks, Inc.
  • IBM Corporation
  • Silver Peak Systems
  • Lavelle Networks
  • CloudGenix Inc.
  • Riverbed Technology
  • Lumen Technologies
  • Hawlett Packard