Overview and Scope
The software-defined wide area network (SD-WAN) market consist of revenues earned by entities by providing on-premises SD-WAN, cloud-managed SD-WAN, hybrid SD-WAN, managed SD-WAN Services, and virtual SD-WAN. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The software-defined wide area network (SD-WAN) market also includes consists of sales of edge devices, routers, gateways, switches, and network interface cards (NICs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The software-defined wide area network (SD-WAN) market size has grown exponentially in recent years. It will grow from $5.60 billion in 2023 to $7.56 billion in 2024 at a compound annual growth rate (CAGR) of 35.1%. The growth in the historic period can be attributed to simplified network solution, rising demand for internet broadband connections, enterprises focus on reducing operational expenditure, reduce operating costs, and increasing adoption due to the rising mobile workers.
The software-defined wide area network (SD-WAN) market size is expected to see exponential growth in the next few years. It will grow to $25.36 billion in 2028 at a compound annual growth rate (CAGR) of 35.4%. The growth in the forecast period can be attributed to increasing number of cloud based services, growing demand for mobility services, increased smartphone penetration, increase bandwidth efficiency, and robust infrastructure. Major trends in the forecast period include technological advancements, increased demand for internet broadband connections, focus on reducing operational expenditure, integration of artificial intelligence (AI), and increased focus on digital transformation.
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Segmentation & Regional Insights
The software-defined wide area network (SD-WAN) market covered in this report is segmented –
1) By Component Type: Solutions, Services
2) By Deployment Mode: Premise, Cloud, Hybrid
3) By Organization Size: Large Enterprises, Small-Medium Enterprises
4) By End-User Industry: Healthcare, Banking And Financial Services, Retail And Consumer Services, Manufacturing, Transport And Logistics, Information Technology (IT) And Telecommunication (Telecom), Other End-User Industries
North America was the largest region in the software-defined wide area network (SD-WAN) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software-defined wide area network (SD-WAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of cloud-based solutions is expected to propel the growth of the software-defined wide area network (SD-WAN) market going forward. Cloud-based solutions refer to any service or application that relies on cloud computing technologies. The adoption of cloud-based services is driven by their scalability, cost efficiency, global accessibility, security enhancements, and continuous innovation. Software-defined wide area network (SD-WAN) enhances cloud-based solutions by optimizing traffic routing for improved performance, integrating security features, reducing costs through efficient use of multiple connection types, simplifying centralized management, enabling scalability, and ensuring reliable connectivity with failover and load balancing capabilities. For instance, in December 2023, Eurostat, a Luxembourg-based government agency, reported that in 2023, 45.2% of EU enterprises adopted cloud computing services, reflecting a 4.2% increase from 2021. Therefore, the increasing number of cloud-based solutions drives the software-defined wide area network (SD-WAN) market.
Key Industry Players
Major companies operating in the software-defined wide area network (SD-WAN) market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, Ericsson, Nokia Corporation, NEC Corporation, VMware Inc., Palo Alto Networks, Juniper Networks Inc., Fortinet Inc., Ciena Corporation, Citrix Systems Inc., Tata Communications, Forcepoint, Riverbed Technology, Cato Networks Ltd., Versa Networks Inc., Epsilon Telecommunications, Aryaka Networks Inc., FatPipe Networks Inc., Adaptiv Networks Inc., Silver Peak Systems Inc.
The software-defined wide area network (sd-wan) market report table of contents includes:
1. Executive Summary
2. Software-Defined Wide Area Network (SD-WAN) Market Characteristics
3. Software-Defined Wide Area Network (SD-WAN) Market Trends And Strategies
4. Software-Defined Wide Area Network (SD-WAN) Market – Macro Economic Scenario
5. Global Software-Defined Wide Area Network (SD-WAN) Market Size and Growth
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32. Global Software-Defined Wide Area Network (SD-WAN) Market Competitive Benchmarking
33. Global Software-Defined Wide Area Network (SD-WAN) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Software-Defined Wide Area Network (SD-WAN) Market
35. Software-Defined Wide Area Network (SD-WAN) Market Future Outlook and Potential Analysis
36. Appendix
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