Pune, India, May 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Software-Defined Wide Area Network (SD-WAN) Market.
Overview
The software-defined wide area network (SD-WAN) market is anticipated to witness healthy growth from 2017 to 2026, a research report suggests. Growing at a CAGR of 38.5%, the market is projected to reach US$19,093.2 million by 2026. Rising network traffic to create robust opportunities is expected to support the market growth along with the shift of consumers towards video streaming. As predicted by analysts, concerns regarding the reliability of SD-WAN Network will negatively affect the market’s performance from 2017 to 2026. During the forecast period, the market will be supported by technological advancements and the growing application areas. Concerns over security on the other hand will challenge wide area network sector based organizations functioning in the global software-defined wide area network (SD-WAN) market.
Analysts have split the market into component, deployment, and vertical segments based on products and services. Wide area network based companies have been profiled. The growing penetration of alternatives in the market is set to affect the global market during the forecast period 2017 to 2026. The report also provides the market’s performance forecasts till 2026. Analysts have studied the strategy of wide area network segment based organizations to help new entrants and established businesses. The wide area network sector itself is supported by the rising industrialization as well as the rise in distribution channels. During the forecast period 2017 to 2026, the software-defined wide area network (SD-WAN) market is set to witness a health growth across component, deployment, and vertical segments as well as regional markets.
Market Segmentation
The wide area network sector has seen growth across component, deployment, and vertical segments owing to the increasing disposable income and the rising industrialization. To study the market, analysts have further segmented component, deployment, and vertical into services and appliances on the basis of component. The market is further segmented into the deployment sub segment which is split into cloud and on-premise. Additionally, the software-defined wide area network (SD-WAN) market on the basis of vertical is segmented into BFSI, healthcare, IT and telecommunication, manufacturing, and retail.
The segmental analysis presented in the report provides wide area network field based organizations insights into key growth factors such as the presence of effective communication as well as challenges such as the lack of developed infrastructure the market will face from 2017 to 2026. The growing application areas and the increasing spending power of consumers are some of the key factors having an influence on wide area network industry based companies, suggest analysts as per the software-defined wide area network (SD-WAN) market report. But the report also identifies the lack of investments in research and development and dynamic policies and regulations as major threats companies in wide area network will face till 2026.