March 31, 2020
SD-WAN

SD-WAN Market outlook 2019 shows growth drivers, opportunities and forecast analysis to 2027

The global SD-WAN (software-defined wide area network) market worldwide was estimated at $1.24 billion in 2018 and is projected to grow by 36.4% over the forecast period.

Increasing IT industry and growing cloud-based solutions worldwide are key factors in the SD-WAN market’s growth. Increased mobile data traffic and increasing mobility services adoption are some of the other factors that drive the growth of the market. Organizations also focus on reducing OPEX by adopting SD-Wan will boost the market as well. Increasing global digitization will be one of the major factors responsible for market growth in the years ahead. SD-WAN controls and manages the network hardware devices and helps companies configure their network as well. SD-WAN also helps to improve bandwidth according to cloud-based technology requirements. We expect the SD-WAN market to grow tremendously in years to come as a result of the above-mentioned drivers and market growth factors.

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The BFSI segment was dominant in the SD-WAN market in 2018 based on end-use. In 2018, the segment contributed almost 25% of market revenue share. Due to the adoption of SD-WAN in the industry, the BFSI segment dominated in 2018. Another factor driving segment growth is rapid growth in the BFSI segment and rapid digitization in the sector worldwide. Due to the growing worldwide telecommunications and IT industry, the telecommunications and IT segment follows the BFSI segment in the SD-WAN market. Increased investment for growth in the telecommunications and IT industry in the Asia Pacific region will also boost the segment’s growth.

North America was the highest value contributor in 2018 based on geography, with a market revenue share of nearly 40% in the same year. Growing adoption of SD-WAN solutions, established BFSI sector and growing venture capital investments for SD-WAN growth are some of the key factors in North America’s dominance. On the contrary, throughout the forecast period, the Asia Pacific region will grow tremendously due to the rising BFSI sector, increasing cloud-based solutions, and increasing SD-WAN adoption in the region. Another factor in the growth of the SD-WAN market in the region is the expansion of major countries like India and China.

Every large retailer needs IT efficiency and cost-effective solutions. Retail business is an extremely distributed organization with thousands of branch stores playing a crucial role in the network. The organization needs to migrate to a hybrid network (MPLS and Internet) to match the cost of bandwidth and performance optimization needs.

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The retail business network is complex to operate with multiple network segments per store requiring both compliance with PCI and supporting WiFi guests. Multiple WAN technologies per site (LTE and MPLS) make operations even more complex as they all have to work with local WiFi and switching. As a retail outlet quickly rolls out new applications for its other branch store, the operating costs of the network and the difficult change management that has an impact on agility are becoming major concerns.

Brand management for any retail business is essential. Brands are competing with each other as part of a larger retail group to attract customers. Each brand follows an aggressive growth plan within this parent company, including the rapid opening of new branch stores. Each brand will seize its own IT decisions, while the parent company will empower them with standardized solutions. Local Internet breakout management is challenging operationally. The pressing challenge is to simplify branch connectivity, particularly those with internet breakouts, and faster delivery sites.

Some of the major companies profiled in the report include Silver Peak, Inc., Cloudgenix Inc., Nuage Networks, Talari Networks, Inc., VeloCloud Networks, Inc., Fatpipe Networks Inc., Versa Networks, Inc., Viptela, Inc., Riverbed Technology, Inc., and Citrix Systems, Inc. among others.

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