According to a new market report by Lucintel, the future of the global software-Defined Wide Area Network (SD-WAN) market looks promising with opportunities in the on-premises and cloud market. The global SD-WAN market is expected to grow with a CAGR of 33% to 35% from 2022 to 2027. The major drivers for this market are rising demand for mobility services, boosts network security and reduction in the cost, and complexity of network management.
Browse through 150 pages and in-depth TOC on “Market"
In this market, solution and services are the major market segments of the SD-WAN market by component type. On the basis of its comprehensive research, Lucintel forecasts that services will remain the largest segment over the forecast period due to the increasing adoption of SD-WAN solutions, helps end users in reducing costs, lowering operational costs, and improving business performance, and organizations can track, evaluate, and analyze the requirements of their business to make informed decisions.
Within the SD-WAN market, Cloud is expected to remain the largest segment due to its wide range of functionalities, such as high higher flexibility, lower cost, and faster service.
North America will remain the largest region due to rising demand for next-generation 5G networks that is supporting SD-WAN to create network modernizations, increasing need to central network management and reducing the operating cost.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing network traffic, technology developments in SD-WAN and demand for more agile & secure it networks. Cisco, VMware, Silver Peak, Aryaka Networks, Nokia, Adaptiv Networks, Peplink, Lavelle Networks, Martello Technologies, Mushroom Networks, and Zenlayer are the major suppliers in the global SD-WAN market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global SD-WAN market by component type, deployment, organization size, end-user and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global SD-WAN Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global SD-WAN market by component type, deployment, organization size, end-user, and region as follows:
SD-WAN Market by Component Type [Value ($B) shipment analysis for 2016-2027]:
·Solution
oSoftware
oAppliances
·Services
oConsulting
oImplementation
oTraining and Support
SD-WAN Market by Deployment [Value ($B) shipment analysis for 2016-2027]:
·On-premises
·Cloud
SD-WAN Market by Organization Size [Value ($B) shipment analysis for 2016-2027]:
·SMEs
·Large Enterprises
SD-WAN Market by End-User [Value ($B) shipment analysis for 2016-2027]:
·IT
·Telecom
·Healthcare
·Manufacturing
·BFSI
·Government
·Others
SD-WAN Market by Region Type [Value ($B) shipment analysis for 2016-2027]:
·North America
·Europe
·Asia Pacific
·The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/sd-wan-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the SD-WAN market by component type (solution and services), deployment (on-premises and cloud), organization size (SMEs and large enterprises), end-users (IT, telecom, healthcare, manufacturing, BFSI, government and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?