Big Data and Internet of Things (IoT) Technologies Driving SD-WAN Market
The global SD-WAN market is being driven by an increasing
demand for cost-effective network management, network security and visibility,
and simplified network architecture, and the popularity of cloud computing. In
2017, the market was valued at $676.9 million, and it is expected to
demonstrate a CAGR of 54.1% during the forecast period (2018–2023).
Software-defined wide-area network (SD-WAN) is used to connect enterprises, which
have data centers and branch offices across long distances.
WAN optimization solutions offer a variety of advantages, such as cloud-ready networking infrastructure, real-term business productivity, secure optimization, and greater virtual flexibility. Owing to these, WAN optimization solutions have become extremely popular among IT organizations. Seeing this, a software provider, named Citrix Systems, added new features including secure web, multiple deployment modes, prioritization of applications, and cloud connectivity to its upgraded NetScaler SD-WAN.
The global SD-WAN market is segmented by region,
offering, industry, implementation type, and appliance. The implementation type
segment is categorized into outsourced and in-house services. Out of these, the
larger share was held by in-house SD-WAN services in 2017, a trend which is
predicted to continue during the forecast period. However, the outsourced
category is expected to attain a higher CAGR of 59.5%. The shift toward
outsourced implementation would be because of its lower failure risk and less
complexity, compared to in-house deployment.
In 2017, the
largest revenue share was accumulated by virtual appliances that are also
expected to lead the SD-WAN market during
the forecast period. This attributed to the wide-ranging application of physical
and virtual appliances in small branch offices, data centers, large offices, and
cloud platforms such as amazon web services. As the number of such settings
increases, virtual devices would be used in ever-increasing numbers across the
world.
Therefore, it is
clear that the market for SD-WAN is slated to advance during the forecast
period owing to the advantages offered by SD-WAN over traditional WAN.
Other Related Reports by P&S Intelligence
Latin America SD-WAN Market
Increasing migration of the Latin American enterprises from traditional WAN infrastructure to cloud-based applications, is resulting in increasing demand for SD-WAN solutions. Due to high maintenance cost and complex architecture of convectional network, enterprises are in need for secure, affordable, and ease of WAN management. In Latin America, organizations are continuously expanding for greater customer reach, which has increased the demand for effective network management.
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