Global Software Defined Wide Area Network Market

Software Defined Wide Area Network Market Size, Share, Growth Analysis, By Deployment(On-Premises SD-WAN, and Cloud-Based SD-WAN.), By Component(Hardware, Software, and Services), By End-User(Communication Service Providers, Data Centers, and Enterprises), By Organization Size(Large and Small Enterprise Segments), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2144 | Region: Global | Published Date: May, 2024
Pages: 200 | Tables: 114 | Figures: 72

Software Defined Wide Area Network Market News

  • In February 2023, Cisco Systems, Inc.'s Viptela SD-WAN platform is updated and deployed using the vendor’s secure access service edge (SASE) product, joining current support for Cisco’s Meraki SD-WAN platform. Customers with Viptela SD-WAN can now enjoy all the benefits of Cisco+ secure connection, and enable fast, secure private, and internet access anywhere work happens. Secure internet access secures users that are connecting to the internet, offering a common set of security tools such as a firewall, secure web gateway (SWG), cloud access security broker (CASB), and data loss prevention (DLP).
  • On February 21, 2024, Cisco and DISH Wireless announced today a proof-of-concept test for a first-of-its-kind network-slicing solution in a hybrid cloud environment based on Cisco hardware and software.
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Software Defined Wide Area Network Market size was valued at USD 4.48 billion in 2022 and is poised to grow from USD 5.92 billion in 2023 to USD 54.19 billion by 2031, growing at a CAGR of 31.9% during the forecast period (2024-2031).

In the competitive landscape of the software-defined wide area network (SD-WAN) market, several key players are vying for market share and positioning themselves to capitalize on the growing demand for SD-WAN solutions. These players include both established networking vendors and innovative startups, each offering unique capabilities and strategies to differentiate themselves in the market. 'Dell Inc (U.S.)', 'Cisco Systems, Inc. (U.S.)', 'VMware, Inc. (U.S.)', 'Juniper Networks, Inc. (U.S.)', 'Nokia (Finland)', 'Hewlett Packard Enterprise Development LP (U.S.)', 'Tata Communications (India)', 'Huawei Technologies Co., Ltd. (China)', 'Fortinet Inc. (U.S.)', 'NEC Corporation (Japan)', 'Oracle (U.S.)', 'Adaptive Networks Inc. (Canada)', 'Riverbed Technology (U.S.)', 'ARYAKA NETWORKS, INC. (U.S.)', 'Citrix Systems, Inc. (U.S.)'

Software-defined wide area network (SD-WAN) monitors the performance of all the WAN connections and manages all traffic. This also ensures optimization and high-speed connectivity of all the networks. As per the published report by Palo Alto Networks, 60% of cybersecurity companies are projected to implement SD-WAN to increase support and agility for cloud applications by 2024. The adoption of software-defined wide area networks (SD-WAN) is growing owing to its ability to improve the overall user experience and to decrease costs.

Cloud Adoption: The adoption of cloud-based applications and services continues to rise, driving demand for SD-WAN solutions that can optimize connectivity to cloud environments. SD-WAN enables organizations to securely and efficiently connect users to cloud applications, ensuring consistent performance and user experience regardless of location.

In the landscape of the software-defined wide area network (SD-WAN) market, North America emerges as the dominant region. With its robust technological infrastructure, advanced networking capabilities, and a high concentration of enterprises across various industries, North America has been at the forefront of SD-WAN adoption.

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Global Software Defined Wide Area Network Market

Report ID: SQMIG45F2144

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