IIt’s being expected that by 2030, the Software Defined Wide Area Network (Software-Defined Wide Area Network) market cap will hit USD 46.31 billion at a CAGR growth of about 36.9%.
.jpg
"The Global Software Defined Wide Area Network Market 2020-2030 (USD Billion)")
The market size for global Software-Defined Wide Area Network is anticipated to reach USD 26 billion by 2028. Software-Defined Wide Area Network streamlines the management of a wide area network by separating networking hardware through its control mechanism. It deploys virtualization technology to enhance data center operation and management. The software-defined WAN enables organizations to build better performance wide-area networks using cost-effective leased lines, which helps to fully or partially replace costly private WAN connection technologies for example MPLS (Multi-Protocol Label Switching).
The growing requirement for enterprise mobility has given rise to the increasing adoption of mobile devices that includes tablets, smartphones, and note books to access business networks. On the other hand, the binding IT infrastructure is under constant pressure to configure such devices robustly way while meeting compliance norms and standards. The surge of such huge mobile datasets calls for unified interconnections and parallel processing on multiple servers. This, consecutively, has stimulated a continuous demand for sophisticated network solutions and additional network capacity. While carrier and data center security vendors experience the daunting task of bolstering their networks to unimaginable sizes, the software-defined wide area network comes off as a favorable solution.
Software Defined Wide Area Network Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 46.31 billion |
| Growth Rate | CAGR of 36.9% during 2020-2030 |
| Segment Covered | Component, Deployment, Vertical, Organization, End-Users, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Cisco, VMware, Aryaka Networks, Silver Peak, Nokia, Huawei, Infovista, Oracle, Citrix, Fortinet, HPE, Juniper, Fatpipe, CloudGenix, Versa Networks, Riverbed, Adaptiv Networks, Peplink, and more |
Key Segment Of The Software Defined Wide Area Network (Software-Defined Wide Area Network) Market
By Component, (USD Billion)
• Appliances
• Services
By Deployment, (USD Billion)
• On-Premise
• Cloud
By Vertical, (USD Billion)
• It & Telecommunication
• Bfsi
• Manufacturing
• Healthcare
• Retail
By Organization Size, (USD Billion)
• Large Enterprises
• Sm Es
By End-Users, (USD Billion)
• Service Providers
• Verticals
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the software defined wide area network market BFSI, Retail, Manufacturing, Transportation and Logistics, Healthcare, Energy And Utilities, Government, Others
The market value of software defined wide area network market in 2030 was USD 46.31 billion.
The base year for the report is 2023 in software defined wide area network market.
The demand for the Software-Defined Wide Area Network market globally to witness considerable growth in the coming five years. Wide area networking enables the organizations to outspread their computer networks over great distances, to connect remote branch workplaces to data centers and among each other, and provide the services and applications needed to perform business operations. The growing need for reducing IT expenses along with the dynamic business environments and growth in the implementation of cloud services in organizations are the key factors fueling the Software-Defined Wide Area Network market growth.
As customers have moved toward high definition screens, the requirement for high-quality video streaming has improved substantially. The high-quality video needs high bandwidth. This, in turn, shall surge the demand for Software-Defined Wide Area Network to prioritize the increasing network traffic and facilitate enriched video streaming quality and customer experience. However, security concerns over Software-Defined Wide Area Network systems owing to the cyber attacks and breaches are likely to hinder the industry growth in the coming years.
Component Segment
The global Software-Defined Wide Area Network market contains both solution and service segments. The solution segment further software, and appliances. The services segment is further categorized into implementation, training & support, and consulting & advisory. The services segment is likely to grow at a considerable growth rate from 2020 to 2028. It enables end-users in lowering operational expenses, reducing costs, and enhancing business performance. Additionally, organizations can evaluate, track, and scrutinize the prerequisites of their business to execute informed decisions.
Organization Size Segment
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large enterprise segment gathered the largest market revenue and it is anticipated to govern the Software-Defined Wide Area Network market throughout the forecast period. Software-Defined Wide Area Network solutions are essential for large organizations since they have to maintain huge volumes of data, as well as a large workforce. The Software-Defined Wide Area Network technology advances troubleshooting for networks of large organizations by having data about forwarding tables through the network. However, the small & medium segment is projected to grow at a significant growth rate over the forecast period.
Deployment Segment
Based on the deployment segment, the market is bifurcated into two sub-segments that are on-premise, and cloud. In 2019, the on-premise segment gathered the largest market revenue and it is anticipated to dominate the market throughout the forecast period. However, the cloud segment is anticipated to grow at a substantial growth rate over the forecast period. The cloud enables organizations with a unified platform with SaaS-based services providing improved security.
Application Segment
Based on the application, the market is segmented into BFSI, retail, manufacturing, transportation and logistics, healthcare, energy and utilities, government, and others. The IT & telecom sector dominated the Software-Defined Wide Area Network industry in 2019 owing to the increasing demand for bandwidth-intensive applications. On the other hand, the penetration of mobile devices has led to an upsurge in the usage of high bandwidth applications. As organizations functioning in the IT sector are scaling up their business processes globally and switching to cloud platforms, the industry demand for a secure and robust WAN architecture to attain improved network performance and high connectivity increases.
The global Software-Defined Wide Area Network market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the Software-Defined Wide Area Network applications, owing to the outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the Software-Defined Wide Area Network market in North America.
The major players of the global Software-Defined Wide Area Network market areCisco, VMware, Aryaka Networks, Silver Peak, Nokia, Huawei, Infovista, Oracle, Citrix, Fortinet, HPE, Juniper, Fatpipe, CloudGenix, Versa Networks, Riverbed, Adaptiv Networks, Peplink, and more. The Software-Defined Wide Area Network market is fragmented with the existence of well-known global and domestic players across the globe.