Software-Defined Wide Area Network (SD-WAN) Market Price Analysis 2021, Size, Share and Global Business Opportunities to 2026
Market Overview
Global Software-Defined Wide Area Network (SD-WAN) Market generated
a revenue of USD 2,156.1 Million in 2019 and is expected to reach a market
value of USD 19,093.2 Million by 2026, growing at 38.5% CAGR during the
forecast period.
Global Software
Defined Wide Area Network Market is expected to witness substantial
growth during the study period, primarily due to the rise in software-defined
data centers.
Regional Analysis
The geographic analysis of the software-defined wide area
network (SD-WAN) market has been conducted for North America, Europe, Asia-Pacific,
the Middle East & Africa, and South America.
North America accounted for the largest market share of
60.2% in 2019, with a market value of USD 1,297.5 million; the market is
expected to register a CAGR of 37.5% during the forecast period. The market
growth is driven by factors such as the rising need for network virtualization.
Additionally, the telecom providers operating in the region invest in advanced
networking technologies to expand their infrastructure capabilities.
Europe was the second-largest market in 2019, valued at USD 462.5 million; the market is projected to exhibit a CAGR of 39.2%. The European market for SD-WAN was driven by a surge in data traffic, the advent of 5G, the growing number of cloud-based data centers, employee mobility, and the increasing adoption of IoT technologies.
Competitive Analysis
The key players of the global Software-defined wide area
network (SD-WAN) market are Versa Networks, Inc., VMware, Inc, Palo Alto
Networks, Inc., Nokia (Nuage Networks is a Nokia venture), Cisco Systems, Inc.,
Oracle, CENTURYLINK, Silver Peak Systems, Inc., Ecessa, ARYAKA NETWORKS, INC.,
Riverbed Technology, Cato Networks, Citrix Systems, Inc., Forcepoint, and
Untangle.
Access Report Details @ https://www.marketresearchfuture.com/reports/software-defined-wide-area-network-market-1896
Segmental Analysis
The global software-defined wide area network (SD-WAN)
market has been segmented based on component, deployment, vertical, and region.
By component, the software-defined wide area network
(SD-WAN) market has been divided into appliances and services. The appliances
segmented includes physical and virtual sub-segments. The physical appliances
segment comprises routers, access points, switches, gateways, and cables. The
virtual appliances include CSP, web portal, and the Internet.
By deployment, the software-defined wide area network
(SD-WAN) market is segmented into on-premise and cloud.
Based on vertical, the software-defined wide area network
(SD-WAN) market is segmented into IT & telecommunication, BFSI,
manufacturing, healthcare, and retail. The IT & telecommunication segment
accounted for the largest market share of 48.4% in 2019, with a market value of
USD 1,042.9 million; it is expected to register a CAGR of 36.8% during the
forecast period. The others segment was the second-largest market in 2019,
valued at USD 367.2 million; it is projected to exhibit a CAGR of 36.7%.
However, the retail segment is expected to register the highest CAGR of 43.7%.
About Market Research Future:
At Market Research Future (MRFR), we enable our clients to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by Solutions, Application, Logistics and market players for
global, regional, and country level market segments, enable our clients to see
more, know more, and do more, which help to answer all their most important
questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Comments
Post a Comment