Software-Defined Wide Area Network
The US is expected to lead the global software-defined wide area network (SD-WAN) market with a projected CAGR of 8.1% during the forecast period.
The SD-WAN (Software-Defined Wide Area Network) market is anticipated to grow at a CAGR of 31.6% from 2022 to 2032, reaching an estimated value of $53.8 billion by 2032, up from $3.4 billion in 2022.
The rising demand for SD-WAN (Software-Defined Wide Area Network) solutions across various industries is driven by the need to manage complex and diverse network infrastructures cost-effectively. SD-WAN solutions meet cloud applications’ requirements for increased bandwidth and low latency while optimizing bandwidth, streamlining WAN network configuration, administration, and optimization—factors expected to drive market growth.
The adoption of SD-WAN solutions is anticipated to offer significant growth opportunities.
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The demand for SD-WAN is increasing as companies rely heavily on remote work due to the COVID-19 pandemic. Organizations seek innovative networking solutions to enhance agility and security, supporting remote working environments.
However, the pandemic’s supply chain disruptions pose a short-term barrier to SD-WAN equipment deployment, potentially causing a slight decline. Nonetheless, COVID-19 is predicted to have a positive impact on SD-WAN market trends.
North America is projected to hold the largest SD-WAN (Software-Defined Wide Area Network) market share globally, with the United States leading in market size due to large-scale installations by service providers and various sectors. Major US CSPs like AT&T, Sprint, T-Mobile, CenturyLink, and Verizon are adopting SD-WAN solutions to reduce CAPEX and streamline network operations, positively influencing future market trends.
Key Takeaways:
- The US SD-WAN market is estimated to reach $19 billion by 2032, growing at a CAGR of 31.3%.
- The UK SD-WAN market is expected to be worth $2.28 billion by 2032, with a CAGR of 30.5%.
- China’s SD-WAN market is projected to reach $3.9 billion by 2032, with a CAGR of 30.9%.
- Japan’s SD-WAN market is expected to value $3.2 billion by 2032, with an annual growth rate of 29.9%.
- South Korea’s SD-WAN market is anticipated to reach $1.9 billion by 2032, with a CAGR of 28.9%.
- The cloud segment in the SD-WAN market is predicted to develop at a CAGR of 32.5%.
- Large enterprises in the SD-WAN market will grow at a CAGR of 33.2%.
Competitive Landscape:
Key players in the global SD-WAN market include Cisco, VMware, Silver Peak, Aryaka Networks, Nokia, Adaptiv Networks, Peplink, Lavelle Networks, Martello Technologies, Mushroom Networks, and Bigleaf Networks. These companies employ various organic and inorganic strategies to expand their market presence and meet SD-WAN market demands.
Recent Developments:
- Aryaka partnered with T-Systems Switzerland (part of Deutsche Telekom) in May 2020 to offer SD-WAN solutions for Swiss businesses.
- Cisco released a security fix for their SD-WAN (Software-Defined Wide Area Network) solution’s vContainer in June 2019 to address a potential DoS vulnerability.
- HPE announced the acquisition of Aryaka Networks in July 2020, enhancing its position in the SD-WAN industry.
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