Software-Defined Wide Area Network Market To Reach USD 59.4 Billion By 2032, Driven By Cloud Adoption And Remote Work Trends | Research By SNS Insider
| Report Attributes | Details |
| Market Size in 2023 | USD 5.19 Billion |
| Market Size by 2032 | USD 59.41 Billion |
| CAGR | CAGR of 31.14% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | . Sectors like healthcare, retail, and manufacturing require SD-WAN to support IoT, cloud, and edge applications. . Integration of advanced security features like firewalls and encryption addresses growing cyber threats. |
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Segmentation Analysis
By Deployment
The on-premise segment dominated the market and accounted for 68% of the market share in 2023 as still, many enterprises are following the control principle into their network environment. On-premise solutions offer greater control by managing the raw data internally making these solutions a preferred choice for sectors with high requirements for data privacy and security, such as finance and healthcare. Besides, on-premise SD-WAN also offers higher customization and integration with the existing legacy systems. Fueled by data sovereignty requirements and network security, the on-premise segment is predicted to rise steadily throughout the forecast period in 2032. Well, it is even more applicable for such heavily regulated sectors.
The cloud segment is expected to register the fastest CAGR during the forecast period, fueled by increased cloud-based applications and services use due to higher hybrid and remote work. SD-WAN hosted on the cloud offers significant scalability, flexibility, and cost benefits, enabling organizations to scale as resistance to business change. This trend is against the backdrop of the rising adoption of SaaS and lounge of most of the workloads in the cloud. As businesses embrace a cloud-first strategy, cloud-native SD-WAN solutions become a foundational pillar in contemporary network architectures.
Software-defined Wide Area Network Market Segmentation:
By Component
- Solution Software Hardware Services Managed Services Professional Services
By Deployment
- Cloud On-premise
By Organization Size
- Large Enterprises Small & Medium Enterprises
By End - Use
- IT & Telecom BFSI Manufacturing Retail Healthcare Government Transport & Logistics Energy & Utilities Others
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Regional Analysis
North America dominated the Software-Defined Wide Area Network Market and represented a significant revenue share of more than 35% in 2023, as the region is the first adopter of advanced networking market solutions and has significant growth of key players in this market. It is expanding the SD-wan market through increasing demand for cloud applications, remote work solutions, and secure networking infrastructure across finance, healthcare, and manufacturing sectors within the region. America else has a well-developed IT infrastructure and a high tradition of innovation.
Asia-Pacific is expected to register the fastest CAGR during the forecast period, Rapid digital transformation, a growing internet penetration, and the expansion of small and medium enterprises are some of the factors that are fueling growth in the SD-WAN market in the Asia-Pacific region, Emerging nations like China, India & Japan are heavily investing in cloud infrastructure & advanced networking tech, thereby generating high demand for SD-WAN. Which includes the rise of remote work, IoT adoption, and the need for secure and scalable networks are some of the prominent growth factors in the region.
Recent Developments
May 2024: Juniper Networks Released Contrail SD-WAN 3.0, featuring advanced analytics and automation capabilities to streamline network management.
June 2024: Palo Alto Networks Enhanced its Prisma SD-WAN platform with AI-driven insights, enabling proactive network performance optimization.
July 2024: Silver Peak Introduced Unity EdgeConnect 6.0, offering improved application performance and simplified deployment for distributed enterprises.
Table of Contents – Major Key Points
1.Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
Insights and Trends Reporting Landscape7. Software-defined Wide Area Network Market Segmentation, by Component
8. Software-defined Wide Area Network Market Segmentation, By Deployment
9. Software-defined Wide Area Network Market Segmentation, By Organization Size
10. Software-defined Wide Area Network Market Segmentation, By End-user
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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