Software Defined Wide Area Network Global Market – Overview
The Global Software Defined Wide Area Network Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Software Defined Wide Area Network will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016-2027).
Software-defined wide-area network is an automated, programmatic approach to managing enterprise network connectivity and circuit costs. It extends software-defined networking into an application that businesses can use to quickly create a smart “hybrid WAN” – a WAN that comprises business-grade IP VPN, broadband Internet, and wireless services. Hybrid WAN architectures enable companies to manage their growing number of applications, particularly when using the cloud.
Enterprise customers are demanding more flexible, open, and cloud-based WAN technologies, rather than installing proprietary or specialized WAN technology that often involves expensive, fixed circuits, or proprietary hardware. It has increased the usage of many devices such as smartphones, tablets and notebooks to access business applications driving the SDWAN market.
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Moreover, the Bring your own device (BYOD) policies adopted by enterprises are also increasing the demand for SDWAN. Traditional networks with complex architecture can be easily upgraded into simplified networks with the help of SDWAN. However, with implementation of SDWAN, enterprises must invest in new software solutions, hardware equipment and design and integration increasing the overall cost. Implementation of SDWAN will help in reducing the costs in the long run.
Massive proliferation of data, worldwide, and increased flexibility offered by SD-WAN solution is the primary growth driver in the global SD-WAN (software-defined wide area network) market. Soaring popularity of cloud computing is also leading to growth in the market.
One factor, serving to crimp growth in the global SD-WAN (Software-Defined Wide Area Network), , is the steep cost of implementing such solutions. Further, the dearth of standardization and resistance by users of WAN architecture is also expected to be a major restraint to the growth of the global SD-WAN (Software-Defined Wide Area Network) market. Security concerns could restrain the growth of SDWAN market as the new set of rules and technologies used for managing networks are not tried and tested.
Some of the major players in Global Software Defined Wide Area Network Market includes 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 (), Nuage Networks (U.S.), and Ecessa Corporation (U.S.) among others.
Regional Analysis of Software Defined Wide Area Network Market:
North America is dominating the global software defined wide area network market with the largest market share due to high demand of network architecture & growing need of central networking and therefore is expected to grow with highest revenue by 2022 followed by Europe. Asia-Pacific is the fastest growing region due to growing investment of major players in the region and therefore is expected to grow with a highest growth rate.
Software Defined Wide Area Network Market – Segmentation
The Global Software Defined Wide Area Network Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Deployment: Comprises Cloud, and on-premise
- Segmentation by Component: Comprises virtual appliance, physical appliance, hardware, software and hybrid among others
- Segmentation by Application: Comprises BFSI, manufacturing, healthcare, IT, and retail among others
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World
Industry/ Innovation/ Related News:
November, 2017 – Verizon partnered with Cisco to offer its software-defined wide-area network (SD-WAN) platform to its wholesale customers. The Verizon SD-WAN is powered by Cisco Meraki, and designed to allow wholesale customers more control over internal network operations and costs. The move adds SD-WAN services to the Virtual Network Services portfolio of its Verizon Partner Solution (VPS) division. VPS is a wholesale service provider offering voice, data, and Internet products to 150 countries.
September, 2017 – China Telecom Global (CTG) selected Versa Networks as its primary vendor for software-defined wide area networking (SD-WAN) and software-defined security. CTG is the global subsidiary of China Telecom, one of China’s state-owned telecommunication companies. Versa’s multitenant SD-WAN and SD-security will be deployed in 15 CTG cloud hubs globally. At its customers’ branch offices, CTG will deploy Versa’s software on x86 appliancesMany of these companies have Chinese connections. But it also serves local businesses from its more than 30 branch offices. The SD-WAN software will help CTG’s customers connect their branch offices to their headquarters and also help customers connect to public clouds.
June, 2017 – Service provider CenturyLink is now offering three managed hybrid software-defined wide area networking (SD-WAN) bundles to give customers more connectivity options. These SD-WAN bundles are based on the previously announced managed SD-WAN offering provided by Versa.
November, 2017– VMware announced plans to acquire VeloCloud, one of the leading companies in the fast-growing software-defined Wide Area Network (SD-WAN) market. Software-based SD-WAN offerings from companies like VeloCloud can aggregate multiple types of connections, including broadband, MPLS and cellular, to create more reliable connections that are often less expensive than a pure MPLS use.
- Application development service providers
- Network providers
- Training & education sector
- Data integration service providers
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