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MarketsandMarkets expects the global Software-Defined Wide Area Network market size to grow from USD 1.9 billion in 2020 to USD 8.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.5% during the forecast period. SD-WAN is a predefined policy-based route optimization approach to simplify WAN network to deliver network services over MPLS, broadband, and LTE network by leveraging Software-Defined Networking (SDN) technology.
Software segment to record a higher growth rate during the forecast period
In the SD-WAN market by solutions, the software segment is expected to record a higher growth rate during the forecast period. With technology advancements, end-user’s network is driven by software models. SD-WAN software provides scalability, flexibility, and agility in the network. SDN controllers deliver a centralized management to enterprises and in turn improve the overall network efficiency. Currently, the software segment is driving the global SD-WAN market.
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Among end users, the service providers segment to grow at a higher CAGR during the forecast period
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In the SD-WAN market by end user, the service providers segment is expected to grow at a higher CAGR during the forecast period. Currently, the SD-WAN market is emerging and expected to grow during the forecast period. In the present scenario, service providers are partnering with pure play SD-WAN vendors to provide SD-WAN as managed service to the enterprises. Hence, Communication Service Providers (CSPs) and Managed Service Providers (MSPs) are adopting SD-WAN solutions.
The key and emerging market players include Cisco (US), VMware (US), Silver Peak (US), Aryaka Networks (US), Nokia (Finland), Oracle (US), Huawei (China), Infovista (France), Citrix (US), Juniper (US), Fortinet (US), HPE (US), FatPipe (US), Riverbed (US), CloudGenix (US), Versa Networks (US), Adaptiv Networks (Canada), Peplink (US), Lavelle Networks (India), Martello Technologies (Canada), Mushroom Networks (US), Zenlayer (US), and Bigleaf Networks. These players have adopted various strategies to grow in the global SD-WAN market.
Cisco is the global company specialized in providing Internet Protocol (IP)-based products and services, which specifically cater to the Information and Communications Technology (ICT) industry. Cisco SD-WAN is deployed on an overlay WAN architecture, the company deploys 2 types of SD-WANs: Cisco SD-WAN powered by Viptela and Cisco SD-WAN powered by Meraki. The company focuses on adopting inorganic growth strategies. For instance, in February 2019 Cisco partnered with Verizon to help enterprises accelerate their digital transformation to support future 5G capabilities. Verizon’s virtual network services support Cisco’s SD-WAN portfolio, using Cisco’s intent-based networking capabilities. This enables enterprises to leverage the performance of 5G when using services, such as network slicing and mobile edge computing.
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VMware is among the major vendors in the SD-WAN market. It delivers high-performance, reliable branch access to cloud services, private data centers, and SaaS-based enterprise applications. VMware acquired VeloCloud, one of the SD-WAN market leaders, in December 2017, to enter into software-defined industry. In December 2018, VMWare introduced VMWare NSX Service Mesh to provide features, such as connectivity, management, monitoring, and security to networks with containerized microservices on cloud platforms. This service mesh secures and provides visibility into apps, data, and users across the cloud-native application platform.
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To view the original version on ABNewswire visit: Software-Defined Wide Area Network (SD-WAN) Market Growing at a CAGR 34.5% | Key Player Cisco, Oracle, Infovista, Citrix, Fortinet
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.