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Software-defined wide area network (SD-WAN) Market 2023-2027; Segmentation by Product, End-user and Geography; CAGR accelerating at 29.7% by 2027- Technavio


NEW YORK, June 9, 2023 /PRNewswire/ -- The software-defined wide area network (SD-WAN) market size is estimated to grow by USD 11,208.29 million from 2023 to 2027. The market is estimated to grow at a CAGR of 29.7%. The growth momentum will be increasing during the forecast period. North America is estimated to account for 36% of the global market growth. In this region, the US and Canada dominate data center investments due to the rising demand for 5 G-enabled IoT solutions in these countries, strongly supported by high connectivity and bandwidth, cool ambient temperature, low electricity tariffs, and a tax-friendly environment. Moreover, the consumer and enterprise data traffic propel the demand for data centers in the region, factors such as demand for IoT devices, rising investments in AI, implementation of autonomous technologies across enterprises, and growing investments in autonomous vehicles. Such factors will increase the market growth in this region during the forecast period.

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What's New?

Global Software-defined Wide Area Network (SD-WAN) Market - Segmentation Assessment

Segment Overview

The software-defined wide area network (SD-WAN) market is segmented by Product (Solutions and Services), End-user (Service providers and Enterprise customers), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). 

Insights on the market contribution of various segments including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Global Software-defined Wide Area Network (SD-WAN) Market 
Kay factors for market drivers-

The rising demand for cloud solutions is notably driving market growth. Enterprises across various industry sectors such as banking, content and digital media, financial services and insurance (BFSI), retail, and manufacturing, are the main contributors to the rise in demand. Enterprises and service providers are implementing SD-WAN solutions to improve their scalability, efficiency, and agility and to reduce CAPEX and OPEX. The demand for cloud-based SD-WAN is increasing as it overcomes such network-related challenges. Therefore, such factors will boost the market growth during the forecast period.

Leading trends influencing the market- 

Extended partnerships, mergers, and acquisitions are emerging trends in the market. Software-defined wide area network (SD-WAN) market is expected to consolidate As major vendors focus on product portfolio enhancements to increase their market share. However, they enhance their SD-WAN solutions with new security features, collaboration with cloud solutions providers, and partnerships with managed service providers. Hence, these factors will positively influence the market growth during the forecast period. 

Major challenges hindering the market growth-

Lack of technical skills is a major challenge impeding market growth. One of the major constraints for the adoption of SD-WAN solutions is the technology gap among the IT staff of different enterprises. Most of the IT personnel have command over traditional and fundamental technologies in network infrastructures. However, finding technical staff with command of multiple technical domains has been one of the major challenges for enterprises. Furthermore, technical professionals must have knowledge of software troubleshooting and management to overcome this challenge. Therefore, these factors will impede the market growth during the forecast period. 

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Software-defined Wide Area Network (SD-WAN) Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 29.7%

Market growth 2023-2027

USD 11,208.29 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

28.9

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, Japan, UK, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aryaka Networks Inc., Bigleaf Networks Inc., Cato Networks Ltd., Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., Flexiware Solutions., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Juniper Networks Inc., Lumen Technologies Inc., Nokia Corp., Oracle Corp., Palo Alto Networks Inc., Riverbed Technology Inc., Untangle Inc., Versa Networks Inc., and VMware Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

 About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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