Software Defined Wide Area Network (WAN) Market is Predicted to grow at 50% and Cross to USD 8 Billion Mark by 2022

“Software Defined WAN Market”
Global Software Defined WAN Market, by Component (Software, Hardware, Virtual appliance, Hybrid), by End-User (IT, Banking, Retail, Manufacturing, Healthcare, BFSI), by Deployment (Cloud, On-premise) – Forecast 2022

The global market for Software Defined Wide Area Network (WAN) market is expected to grow over the CAGR of around ~50% during the period 2016 to 2022 and expected to grow at market size of USD ~8 Billion in 2022.

 

Market Highlights

The Global Software Defined Wide Area Network (WAN) market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.

 

Recently, in November 2016, Viptela networks partnership with LiveAction to improve visibility in software defined WAN deployments. This partnership is expected to provide end-to-end operation & network services to enterprises. Software defined wide area network is a growing technology adopted by various end-users. Among major market players VeloCloud, Versa networks, Talari networks, Nuage networks are focusing on innovation and product development for the growth of Software Defined Wide Area Network (WAN) Market.

 

Key Players

  • Cisco Systems (U.S.)
  • VeloCloud Inc. (U.S.)
  • Versa Networks (U.S.)
  • Cloudgenix Inc. (U.S.)
  • CenturyLink, Inc. (U.S.)
  • Silver Peak (U.S.)
  • Talari Networks (U.S.)
  • Viptela (U.S.)
  • Nuage Networks (U.S.)
  • Ecessa Corporation (U.S.)

 

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Market Segments

Global Software Defined Wide Area Network Market can be segmented as follows:

 

Segmentation by Components

  • Virtual Appliance
  • Physical Appliance
  • Hardware
  • Software
  • Hybrid

 

Segmentation by Deployment

  • Cloud
  • On-Premise

 

Segmentation by End-Users

  • BFSI
  • Manufacturing
  • Healthcare
  • IT
  • Retail

 

Target Audience:

  • Application development service providers
  • Network providers
  • Training & education sector
  • Data integration service providers
  • Corporate
  • Government

 

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Market Research Analysis:

The growing dependency on cloud network and services is developing need for more flexible, open and secure WAN technologies for enterprises. It is a method of designing and deploying wide area network with support of software defined network to route data traffic to remote locations. Also, growing requirement for secure network services and increasing use of software defined data centers is driving the growth of Software Defined Wide Area Network (WAN) in the market. However, lack of skilled expertise and lack of awareness is the current challenges for the market growth.

 

Related Report

Global Multi Cloud Management Market, by Deployment (Private, Public, Hybrid), by Application (BFSI, Healthcare, Retail, Telecommunication, Life-Science), by Services (Managed services, Task migration, Cloud automation) – Forecast 2022 https://www.marketresearchfuture.com/reports/multi-cloud-management-market

 

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