Global Software-Defined Wide Area Network market report deals with copious of important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. This industry analysis report is a window to the industry which describes what market definition, classifications, applications, engagements and market trends are. An excellent Software-Defined Wide Area Network market research report provides the best professional in-depth study on the current state for the ICT industry.
Data Bridge Market Research analyses that the software-defined wide area network (SD-WAN) market is expected to reach USD 33.77 billion by 2030, which is USD 3.80 billion in 2022, at a CAGR of 31.40% during the forecast period.
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Market Overview:
Software-defined wide area network (SD-WAN) mainly opens numerous options for the enterprises so as to establish their network. The Software-defined wide area network (SD-WAN) makes it possible to perform flow related complex algorithms to the hardware components of a network. It also provides huge potential for organizations which have significant network traffic and numerous locations.
Software-Defined Wide Area Network (SD-WAN) Market
Drivers
- Multiple advantages associated with software-defined wide area network (SD-WAN)
Software-defined wide area network (SD-WAN) monitors the performance of all the WAN connections and manages all traffic. This is also ensuring optimizing and high-speed connectivity of all the networks. As per the published report by Palo Alto Networks, 60% of a cybersecurity companies are projected to implement SD-WAN to increase support and agility for cloud applications by 2024. The adoption of software-defined wide area network (SD-WAN) is growing owing to its ability improve the overall user experience and to decrease costs.
- Growing usage of advanced technology
The usage of artificial intelligence in IT processes such as configuration management and root cause analysis (RCA), is growing. Artificial intelligence in IT in SD-WAN solutions enables the automation of essential tasks such as fault check, isolation, incident prediction, remediation, trend analysis and efficient use of bandwidth. The growing usage of advanced technology will lead to the growth of the software-defined wide area network market. During the forecast period
Some of the major players operating in the software-defined wide area network (SD-WAN) market are:
- Dell Inc (U.S.)
- Cisco Systems, Inc.(U.S.)
- VMware, Inc. (U.S.)
- Juniper Networks, Inc. (U.S.)
- Nokia (Finland)
- Hewlett Packard Enterprise Development LP (U.S.)
- Tata Communications (India)
- Huawei Technologies Co., Ltd. (China)
- Fortinet Inc. (U.S.)
- Telefonaktiebolaget LM Ericsson (Sweden)
- NEC Corporation (Japan)
- Oracle (U.S.)
- Adaptiv Networks Inc. (Canada)
- Riverbed Technology (U.S.)
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