The current situation of coronavirus worldwide has created Chaos amongst the few players who are operating in the cloud or any other technologies. Industry players with advanced technologies such as zoom communications for video conferencing solutions and cybersecurity companies like okta and many others developed due to the growing trend of work from home from enterprises. Going to the strength during which a large couple of top cloud companies like Google cloud platform, Amazon, and Microsoft corporations are gaining a better market share.
Software-Defined Wide Area Network Market Dynamics Drivers:
The factors that are majorly contributing to the software-defined wide range networks market is the increasing adoption due to the rising mobile workers which are adding to the growth of the market. Enterprise mobility has also been held to offer secured access to enterprise data, business continuity, and growth in regards to scalability as well as flexibility. In addition to this due to enterprise mobility, employees can create a healthy balance between work as well as life. All these factors have boosted the use of services such as notebooks, tablets, and smartphones to access business applications. Some other factors that are majorly contributing to the rise in the growth of software-defined wide area networks are major adoption of BYOD policies that enterprises have adopted. Also, factors include a growing number of cloud-based applications, rising adoption of mobile devices which consists of notebooks, smartphones, and tablets to access business networks. In addition to this companies are concentrating on minimizing the operational expenditure with the software-defined wide area network market. Also, the encounter of smart loT devices across different enterprise verticals has proved to be a great factor of growth for the software-defined wide area network.
Several factors contribute to the rising network traffic to create robust possibilities for the software-defined wide area network market. Hence the factors for opportunities include the internet traffic in the last couple of years that has increased due to the high rise in video content traffic. Also, the demand and shift of consumers towards high-quality video streaming have increased the demand for high bandwidth. With the help of a software-defined wide area, network market operators can set rules for prioritizing network traffic as well as its applications. The rise in network traffic is also predicted to have robust opportunities for the market players. These are some of the factors that contribute as an opportunity to the growing software-defined wide area network.
Factors that hamper the growth of software-defined wide area network market despite being advanced technology software-defined wide area network market has immense reliability issues. Smartware defined wide area network markets cannot guarantee QoS on their own. These factors negatively impact the software-defined wide area network market growth.
Value Chain Analysis:
The benefits are mostly experienced by virtualization leaders like Citrix and VMware and others startups and companies with multi-cloud infrastructure and cloud-native infrastructure. As the government policies of work from home continued due to social distancing and lock down the major key players of leading technology companies coped up with new trends. This company made most of the new technological solutions which wonderfully supported WFH and allowed the workforce to work from a remote location. Some software-defined wide area network companies such as colt Technology services, Aryaka networks, Nuage networks, and Versa networks have developed and launched several product ranges for supporting issues that are work-related due to the ongoing covid-19 pandemic.
Software-Defined Wide Area Network Market Segmentation:
The software-defined wide area network market is classified based on the component, based on the deployment, based on the organization size, and based on the vertical.
Based on the Component:Based on components, the global market of the SD-WAN is segmented into solutions, appliances, and services.
The appliance segment is again further bifurcated into virtual and physical. The physical appliance segment is further divided into cables, gateways, switches, access points, and routers. The virtual appliance segment is again divided into the internet, web portal, and CSP. Out of all these services segments are estimated to lead the market over the forecasted period.
Based on the Deployment:The Global software-defined wide area network market is divided based on deployment into on-premise and cloud.
The cloud segment is estimated to dominate the market over the forecasted period.
Based on the Vertical:Based on verticals, the software-defined wide area network market is classified into retail, healthcare, manufacturing, BFSI, and IT and telecommunication. Out of all these segments the IT and telecommunications segment is estimated to be widespread over the forecasted period. The software-defined wide area network (SD-WAN) market is predicted to touch USD 19,093.2 Million at a whopping 38.5% CAGR between 2017- 2026
Based on the Organization Size:Based on organization size, the software-defined wide area network marketing is segmented into large enterprises and SMEs.
Based on the End-Users:On an end-user basis, the SD-WAN market is divided into service providers and verticals.
Software-Defined Wide Area Network Market Regional Analysis:On a regional basis, the SD-WAN market is divided into Europe, North America, Asia Pacific, and the rest of the world.
North America is predicted to dominate the market. North America was valued at USD 1,297.5 million in 2019 with a CAGR of 37.5% over the forecasted period.
Europe is predicted to show the second largest share with the value of $462.5 million in 2019. In addition to this, the CAGR is expected to be 39.2%.
Competitive Landscape:The prominent key players of the software-defined wide area network market in the global market are mentioned down below.
Citrix Systems Inc.
ARYAKA NETWORKS INC.
Silver Peak Systems Inc.
Nokia (Nuage Networks is a Nokia venture)
Palo Alto Networks Inc.
Versa Networks Inc
All these prominent key players play a major road in the dynamics and growth of the software-defined wide area network market. These major key players opt for many strategies such as, acquisitions, extensions, innovations, new production processes, collaborations, mergers, technology widening the existing products, partnerships, etc. All these strategies are opted to get the needs of customers and develop a strong potential growth base.
Recent Developments:Given below are few recent developments that are seen in the global market of the Software-Defined Wide Area Network-SDWAN Is estimated to expand its market by launching the latest silver peak-based managed services.Advancements are made in the configurations and policies. This option is present for enterprise customers through this offering customers will have full insight and visibility.
Report Overview:The global SD-WAN market in the global market research report consists of the following elements which are mentioned down below-
- Market overview
- Covid 19 analysis
- Market dynamics
- Market segmentation
- Regional analysis
- Competitive landscape
- Recent developments
In the global software-defined wide area network market research report, there are major factors that drive the growth of the market. The report comprises of chances that might facilitate from here on out and hands the worldwide market of software-defined wide area networks. Different elements limit the development of programming characterized wide region organizations and hamper the improvement of such a fine-based market. . The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, and the software-defined wide area network market.