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Global SD-WAN Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
Within the research scope of this report, it shows that the global SD-WAN market had a market size of about 4392.99 Million USD in 2022, growing at a CAGR of 23.83% during 2023-2029 to 19615.44 Million USD in 2029.
MARKET COMPETITIVE LANDSCAPE:
Major players in this market include Cisco, Versa Networks, VMware, Fortinet, Silver Peak Systems, and etc.
---The combined market share of the Top 3 players in the global SD-WAN market is about 51.60%.
REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of SD-WAN market in 2022, the North America has the largest market size and its market share is about 47.89%, followed by Europe and its market share is about 28.02%.
SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Virtual Appliance, Physical Appliance, etc. Application segment includes BFSI, Retail, etc.
---Virtual Appliance contributes approximately 45.65% share to the market in 2022.
---BFSI contributes approximately 29.75% share to the market in 2022.
Increasing Adoption: SD-WAN adoption was on the rise across various industries and organizations of different sizes. Many businesses were transitioning from traditional MPLS (Multiprotocol Label Switching) networks to SD-WAN to enhance their network agility and flexibility.
Hybrid Deployments: Hybrid SD-WAN deployments were gaining traction, combining multiple connection types such as MPLS, broadband, and LTE. This approach allowed organizations to optimize cost and performance by intelligently routing traffic over the most suitable network path based on application requirements.
Cloud Integration: SD-WAN was being closely integrated with cloud services. It allowed organizations to establish secure and reliable connections to cloud providers, enabling efficient access to cloud resources and applications.
Security Focus: Security was a key area of concern for SD-WAN deployments. Organizations were looking for solutions that provided robust security features to protect their networks and data. SD-WAN vendors were enhancing their offerings with built-in security capabilities or partnering with security providers.
Managed SD-WAN Services: Managed service providers (MSPs) were offering SD-WAN as a managed service, catering to organizations that preferred outsourcing the management and maintenance of their SD-WAN infrastructure. This approach allowed businesses to leverage the expertise of MSPs while focusing on their core competencies.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it”s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Increasing Adoption: SD-WAN adoption was on the rise across various industries and organizations of different sizes. Many businesses were transitioning from traditional MPLS (Multiprotocol Label Switching) networks to SD-WAN to enhance their network agility and flexibility.
Hybrid Deployments: Hybrid SD-WAN deployments were gaining traction, combining multiple connection types such as MPLS, broadband, and LTE. This approach allowed organizations to optimize cost and performance by intelligently routing traffic over the most suitable network path based on application requirements.
Cloud Integration: SD-WAN was being closely integrated with cloud services. It allowed organizations to establish secure and reliable connections to cloud providers, enabling efficient access to cloud resources and applications.
Security Focus: Security was a key area of concern for SD-WAN deployments. Organizations were looking for solutions that provided robust security features to protect their networks and data. SD-WAN vendors were enhancing their offerings with built-in security capabilities or partnering with security providers.
Managed SD-WAN Services: Managed service providers (MSPs) were offering SD-WAN as a managed service, catering to organizations that preferred outsourcing the management and maintenance of their SD-WAN infrastructure. This approach allowed businesses to leverage the expertise of MSPs while focusing on their core competencies.
Highlights-Regions
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Player list
Cisco
Versa Networks
VMware
Fortinet
Silver Peak Systems
Citrix System
Aryaka Networks
Palo Alto Networks
Adaptiv Network
Peplink
Ecessa
Types list
Virtual Appliance
Physical Appliance
Hybrid Appliance
Application list
BFSI
Retail
Healthcare
Government
IT & Telecom
Others
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Global SD-WAN Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
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