Software-Defined Wide Area Network (SD-WAN) Market Revenues to expand $4.1 billion by 2023

[126 Pages Report] SD WAN market size, analysis, trends, & forecasts. The global market for SD WAN categorized by solutions, services, deployment type, end user & region.

Posted on 2019-11-22 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2019-Nov-22 —

The report “Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Enterprises), and Region – Global Forecast to 2023″, The global SD-WAN market size is expected to grow from USD 1.0 billion in 2018 to USD 4.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast period. The major growth drivers for the market include the increase in the mobile data traffic, increasing number of cloud-based solutions, rising demand for mobility services, and enterprises’ focus on reducing Operational Expenditure (OPEX) with SD-WAN.

The report provides an in-depth analysis of market drivers, restraints, opportunities, and analysis of the key players in the SD-WAN ecosystem, along with their profiles and recent developments. It indicates the rate of growth and implementation of applications across various geographical boundaries. An increasing need for SD-WAN solutions and demand for strategic business processes are the major factors driving the growth of the SD-WAN market. Technologies, such as centralized access to the network and WAN optimization are also creating opportunities in the various segments of the SD-WAN market. SD-WAN would help organizations manage the network centrally with a reduced bandwidth and operating cost. Network management is expected to grow at a higher rate during this forecast period, as it also fulfils the need for network monitoring by analyzing the network traffic.

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Key Market Players in SD WAN Market

Software-Defined Wide Area Network (SD-WAN) is an emerging technology, which is used to access the branch offices from central network and to connect with the data centers which are separated by distance. SD-WAN technology is cost-effective, reliable, flexible, and easy to access. It delivers products and solutions, such as secure connectivity, WAN optimization, NetScaler, and central controller. Cisco Systems, Inc., Citrix Systems, Inc., Aryaka Networks, Inc., CloudGenix, Inc., Ecessa Corporation, Silver Peak Systems, Inc., VeloCloud, Viptela, Inc., Elfiq Networks, Inc., Peplink, and Versa Networks are some of the key players in the SD-WAN market. The companies are adopting the new product launches strategy to increase their market share and market penetration. Besides, the companies are also following inorganic strategies, such as partnerships, collaborations, and acquisitions.

Cisco Systems, Inc. is one of the dominant players in the SD-WAN market. The core competence of Cisco Systems is one of the trusted brands worldwide. The company is an innovating player in the SD-WAN market, which develops new products and updates existing products, as well. The company maintains its position in the SD-WAN market by acquisition, partnership, and strategic alliances.

Citrix Systems is another key market player catering to the SD-WAN market. The company’s core strategy is new product launches, while it also actively incorporates inorganic strategies, such as technological relationships with Microsoft and Intel. The company also focuses on developing innovative technologies and expanding its footprints in new regions to capture more market share and maintain its global competitive position through the Citrix Service Provider Program. The company updates it exiting products, such as NetScaler and additionally maintains technological relationships with companies, such as Microsoft and Intel.

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