Technology News: Global SD-WAN Market Current trends and future opportunities by 2023


Global SD-WAN market is growing Due to increasing demand for higher bandwidth and rising cost of WAN management, the global SD-WAN market is gaining traction. As per the findings of the research, virtual appliance led the global SD-WAN market in 2015. Among various industries, healthcare is expected to witness the highest growth in demand of SD-WAN solutions during the forecast period. Among regions, SD-WAN market is expected to witness fastest growth in demand from Asia-Pacific by 2022. With increasing in-house WAN management complexities, outsourced deployment is expected to continue its larger contribution to the market revenue during the forecast period.

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The factors driving the growth of the market include rise of cloud computing, need for cost-effective network management, simplified network architecture, and increasing need for network security and visibility. Globally, increase in migration of global enterprises from traditional WAN infrastructure to cloud-based solutions has been developing interest in software-defined wide area network (SD-WAN). Due to high maintenance cost and network complexity, these enterprises need affordable pricing, reliable security and ease of WAN management. Increased managed service offerings and rise in hybrid cloud connectivity are some of the trends observed in this market. Globally, IT organizations need WAN optimization solutions to overcome challenges of network performance and lower the ongoing WAN cost. SD-WAN solution providers are continuously developing and upgrading their physical and virtual WAN optimization product portfolio, to provide industries with accelerated application performances.

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Increasing adoption of various cloud services, such as on-premise private cloud, public cloud, hosted private cloud and SaaS, in enterprise IT has resulted in a hybrid IT architecture within the enterprise network infrastructure. Enterprises need to meet the demand for agile, cost-effective, reliable and high performing business, networks connecting the hybrid IT environment. Therefore, SD-WAN provides a mix of public internet and private circuits to provide organizations with more network uptime, cost reduction, secure connection from branch locations to applications in enterprise data center and dynamic multi-path optimization for enterprise grade performance and scalability. Further, SD-WAN simplify the network complexity by offering ease of installation and effective management of many branch offices. It enables zero-touch deployment, cloud-based centralized configuration through templates, and automatic monitoring of bandwidth and link performance. These SD-WAN services are simplifying the complex WAN architecture, streamlining the tasks of IT executives by leveraging them with the task of application management, instead of network management.

The research states that the global SD-WAN market is competitive with many players introducing their product offerings. Some of the key players in the global SD-WAN market are Citrix Systems, Inc., Silver Peak Inc., Cloudgenix, Inc., Ecessa Corporation, Viptela, Riverbed Technology, Inc., Mushroom Networks, Inc., VeloCloud Networks and Glue Networks.

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