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Software-Defined Wide Area Network Market Size (2024 - 2029)

The Software-defined Wide Area Network market is experiencing significant growth, driven by the increasing adoption of cloud-based solutions and the need to address organizational complexities. The rise in mobile data traffic and the demand for cost-effective internet broadband connections are further propelling the market. Enterprises are focusing on reducing operational expenditures to remain competitive, which is contributing to the market's expansion. However, concerns regarding the security of SD-WAN networks are posing challenges to its growth and adoption.

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Market Size of Software-Defined Wide Area Network Industry

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Software-Defined Wide Area Network Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 31.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Software-Defined Wide Area Network Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Software-Defined Wide Area Network Market Analysis

The Software-defined Wide Area Network Market is expected to register a CAGR of 31.2% over the forecast period. The increased adoption of cloud-based solutions has led to a rise in the number of complexities at the organizational level. The need to streamline the processes has boosted the adoption of SD-WAN.

  • The increase in smartphone penetration rates has led to an increase in mobile data traffic. This has exposed the service providers to huge problems related to the streamlining of the processes.
  • There is also an upsurge in the demand for internet broadband connections to replace more expensive solutions with simplified network solutions.
  • The enterprises have now shifted their focus to the reduction of operational expenditure. Due to huge competition among the manufacturers, the only way to increase profits is to minimize operational expenditure.
  • Certain concerns over the security of the SD-WAN network have come into the picture, which is restricting its growth and adoption rates.

Software-Defined Wide Area Network Industry Segmentation

SD-WAN stands for Software-defined Wide-Area Network. It is a term that relates to Software-defined Networking (SDN) that is used by thousands of companies across the country and further afield as they look to connect different parts of their business to a wireless network. This technology enables the direct end user to utilize any form of connectivity to access their corporate data hosted anywhere with high performance, speed, and security.

The SD-WAN market is segmented by Deployment (Premise, Cloud, and Hybrid), Component Type (Solutions and Services), Organization Size (Large Enterprise and Small-Medium Enterprise), End-user Industry (Healthcare, Manufacturing, IT and Telecom, Banking and Financial Services, Government, Retail and Consumers Services, Transport and Logistics, and Other End-user Industries), and Geography. The market, sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Deployment Mode
Premise
Cloud
Hybrid
By Component Type
Solutions
Services
By Organisation Size
Large Enterprises
Small-Medium Enterprises
By End-user Industry
Healthcare
Banking and Financial Services
Retail and Consumer Services
Manufacturing
Transport and Logistics
IT and Telecom
Other End-user Industries
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
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Software-Defined Wide Area Network Market Size Summary

The Software-defined Wide Area Network (SD-WAN) market is experiencing significant growth, driven by the increasing adoption of cloud-based solutions and the need to streamline organizational processes. As enterprises focus on reducing operational expenditures amidst rising smartphone penetration and mobile data traffic, SD-WAN offers a cost-effective and efficient networking solution. The demand for simplified network solutions to replace more expensive alternatives is on the rise, although concerns regarding network security pose challenges to its widespread adoption. The shift towards digitization has further propelled the need for secure and seamless connectivity, making SD-WAN an attractive option for businesses seeking to enhance their operational efficiency and content consumption quality.

In North America, SD-WAN solutions have gained substantial traction among enterprises and service providers, with successful pilot projects and deployments generating considerable market interest. The region's economic robustness and investment in advanced technologies like 5G and IoT services have positioned it as a leading market for SD-WAN vendors. The competitive landscape is marked by strategic mergers and acquisitions, as major players seek to expand their market share. Collaborations, such as Cisco's partnership with Microsoft and Verizon's integration of VMware's VeloCloud, highlight the industry's focus on enhancing SaaS performance and expanding managed services portfolios. The market's growth is further supported by innovations like Fortinet's AI-based network operations management and Hughes Communication's high-throughput satellite service, which aim to improve network security and connectivity across diverse regions.

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Software-Defined Wide Area Network Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increased Number of Cloud-based Solution

      2. 1.2.2 Simplified Network Solution

      3. 1.2.3 Growing Demand for Mobility Services

    3. 1.3 Market Restraints

      1. 1.3.1 Data Security

      2. 1.3.2 Lack of Qualified Trainers

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Deployment Mode

      1. 2.1.1 Premise

      2. 2.1.2 Cloud

      3. 2.1.3 Hybrid

    2. 2.2 By Component Type

      1. 2.2.1 Solutions

      2. 2.2.2 Services

    3. 2.3 By Organisation Size

      1. 2.3.1 Large Enterprises

      2. 2.3.2 Small-Medium Enterprises

    4. 2.4 By End-user Industry

      1. 2.4.1 Healthcare

      2. 2.4.2 Banking and Financial Services

      3. 2.4.3 Retail and Consumer Services

      4. 2.4.4 Manufacturing

      5. 2.4.5 Transport and Logistics

      6. 2.4.6 IT and Telecom

      7. 2.4.7 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

        4. 2.5.1.4 Rest of North America

      2. 2.5.2 Europe

        1. 2.5.2.1 United Kingdom

        2. 2.5.2.2 France

        3. 2.5.2.3 Germany

        4. 2.5.2.4 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 India

        3. 2.5.3.3 Japan

        4. 2.5.3.4 Australia & New Zealand

        5. 2.5.3.5 Rest of Asia-Pacific

      4. 2.5.4 Latin America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Mexico

        3. 2.5.4.3 Rest of Latin America

Software-Defined Wide Area Network Market Size FAQs

The Software-Defined Wide Area Network Market is projected to register a CAGR of 31.20% during the forecast period (2024-2029)

Cisco, Fortinet, Colt, vmware and Tata Communication are the major companies operating in the Software-Defined Wide Area Network Market.

Software-Defined Wide Area Network Market Report Snapshots

SD WAN Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)