Selbyville, Delaware, May 10, 2019 (GLOBE NEWSWIRE) --

The revenue of SD-WAN market is predicted to register around 58% growth to cross a industry valuation of USD 17 billion by 2025, says latest study report by Global Market Insights, Inc. This market growth is driven by the rising adoption of SD-WAN solutions among enterprises to simplify network management. Such solutions enable network administrators to have complete control over their network and are widely deployed by organizations that have remote offices as they provide centralized management to control all the network assets remotely. It also substitutes some or all expensive Multiprotocol Label Switching (MPLS) with low-cost broadband links enabling enterprises to save huge costs. As SD-WANs offer huge cost savings to adopters, the demand for these solutions is expected to accelerate over the forecast timeline.

Furthermore, growing remote IoT deployments will also drive the need among enterprises to enhance their ability to connect multiple and remote devices in real-time. As enterprises are witnessing an increase in the number of connected endpoints, the demand for such solutions offering high connectivity and network service reliability will increase. As IoT deployments increase WAN bandwidth requirements, enterprises are moving toward WAN optimization to ensure that critical IoT applications have appropriate bandwidth.

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The solutions segment held a major software-defined wider area network (SD-WAN) market share in 2018 and is expected to maintain its dominance in the industry with a share of over 63% in 2025. In this segment, physical appliances held a major market share of around 74% due to the extensive adoption of these appliances for SD-WAN deployment. As these devices are easy to deploy and do not require any additional expertise for deployment, the demand for physical appliances is expected to increase over the forecast timeline.

Training & consulting services in the SD-WAN market are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers’ ability to leverage SD-WAN solution deployments, which will meet their business objectives. The service providers offer training & consulting services that help enterprises in deploying, implementing & operating solutions and help them to use the best strategy to ease the process of network transformation.

The hybrid deployment model in software-defined wider area network market is projected to grow at a CAGR of over 62% over the forecast timeline. The hybrid architecture holds great potential for organizations that are about the security of their sensitive data. Organizations are deploying hybrid WAN, which provides them with efficiencies in route selection and improves business application performance by enabling path selection for traffic movement.

Browse key industry insights spread across 300 pages with 362 market data tables & 31 figures & charts from the report, “SD-WAN Market Size By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, India, Australia and New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/software-defined-wide-area-network-sdwan-market

The retail & consumer goods application segment is expected to grow at a CAGR of over 60% in the SD-WAN market from 2019 to 2025. As the adoption of digitalized platforms and IoT technology continues to grow, retailers face challenges related to the management of omnichannel environments. This drives the demand for SD-WAN solutions, which enable retail enterprises to manage their retail operations and remote office functions and systems. The retailers are widely adopting such solutions to strengthen their omnichannel strategy and improve the customers experience.

The North America SD-WAN market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.

Companies operating in the SD-WAN market are focusing on various business growth strategies, including new product developments, strategic acquisitions, and partnerships. Through such strategic moves, companies are trying to gain a broader market share and maintain their leadership in the software-defined wider area network (SD-WAN) market. For instance, in October 2018, CenturyLink introduced the managed Cisco SD-WAN solution powered by Viptela. Through this solution, the company expanded its portfolio of SD-Wan solutions and provided more choices for its customers to improve their network optimization capabilities.

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Browse Related Reports:

Low Power Wide Area Network (LPWAN) Market Size By Component (Platform [Narrowband IoT {NB-IoT}, Long Term Evolution for Machines {LTE-M}, LoRaWAN, Sigfox, Weightless], Services [Professional Service, Managed Service]), By Deployment Model (On-premise, Cloud), By Application (Smart Gas and Water Metering, Asset tracking, Smart Buildings, Smart Parking, Precision Agriculture, Smart Waste Management, Livestock Monitoring), By End Use (Healthcare, Agriculture, Logistics and Transportation, Manufacturing, Utilities, Consumer Electronics, Government and Public Sector), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Sweden, Australia & New Zealand (ANZ), China, India, Japan, South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, Chile, Israel, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019–2025

https://www.gminsights.com/industry-analysis/low-power-wide-area-network-lpwan-market

Network as a Service (NaaS) Market Size By Type (LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service, Managed Services), By Enterprise Size (Large Enterprises, SMEs), By Application (IT & Telecom, BFSI, Manufacturing, Healthcare, Government & Public Sector, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, Russia, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, Chile, South Africa, Saudi Arabia, UAE, Qatar, Bahrain), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025

https://www.gminsights.com/industry-analysis/network-as-a-service-naas-market


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