Software-Defined Wide Area Network (SD-WAN) Market

Software-Defined Wide Area Network (SD-WAN) Market Insights:

SD-WAN stands for software defined wide area network. is defined as a network that is abstracted from its hardware creating virtualized overlay. SD-WAN also allows that enterprise to leverage any combination of transport services which includes, LTE broadband internet and MPLS services which securely connects users to application. SD –WAN also connects several branch locations to a central hub office, as well as it also covers multiple locations in a large campus.

In addition to this, it also use centralized control function to securely & intelligently direct traffic across the wide area network.  This helps to increase the application performance which also delivers high quality user experience which results in increased business productivity, reduced IT cost and agility. Reduced cost, improved application performance, optimized user efficiency and simplified operations with automation and cloud-based management are some of the benefits offered by the software defined wide area network.   

Software-Defined Wide Area Network (SD-WAN) Market Scope and Structure Analysis:

Impact of COVID-19 on Software-Defined Wide Area Network (SD-WAN) Market:

• The emergence of COVID-19 pandemic has severely affected almost all industries across the globe. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. This, has led to delay in supply of electronic components required in manufacturing of the network equipment.
• Companies have continued to expand cloud services and application development service during the pandemic.  Before the pandemic took hold various organizations were providing manual release of applications to customers.
• New learnings among companies with respect to work-from-home (WFH) and data accessibility during the lockdown period has resulted in increasing enquiries for space and services at data centers and this trend is expected to create opportunities in for the market during the forecast period.
• There is an increase in use of automation and even after situation returns to ‘normal’, the work style will continue to be data center-driven, with demand growth for higher penetration of e-commerce, digital payments, and widespread deployment of Big Data, apart from policy level push for automation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Numerous factors such as a rise in the business agility and responsiveness, rapid migration towards cloud-based applications, high operational efficiency, improved operational efficiency, offers high-speed internet connectivity and network cover, and provides mobility to the enterprise are some of the major driving factors of the market. In addition to this, with a software-defined wide area network organization would able to have secure access to their data, enhanced scalability, improved growth and business continuity can be achieved. However, increased costs for the installation may hinder the growth of the market.  Furthermore, the adoption of the Bring your own device, rise in the usage of SD-WAN in the manufacturing sector is expected to create numerous opportunities for the market.

Growth in need for simplified network management:

Software defined wide area network offers scalable connectivity, flexibility, enables dynamic environment and capable to support evolving demand of the data centers on core networks helps simplifying the network management. In addition to this, SD-WAN also provide organization to optimize their traffic flow in order to maintain the performance and cost at remote locations. Also, SD-WAN also helps the organization which have remote and multiple offices, this helps to reduce the network cost in addition to offer the network visibility and wide control and also simplifies the technology with centralized management and easy deployment and thus due the simplified network management capability in the organizations are driving the growth of the market.

Increase in adoption of SD-WAN in manufacturing:

Adoption of SD-Wan in manufacturing will help to increase the software driven security features with enhanced performance are the major benefit offers to the manufacturing sector. In addition to this manufacturing companies can also be able to direct their internet broadband lines which are bound together in order to handle application traffic. For these, reason many small, medium and large manufacturing enterprises are switching from WAN to SD-WAN thus increasing the number of opportunities for the market in the upcoming year 

Key Segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global software defined wide area network marketalong with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis ofglobal software defined wide area networkmarket share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global software defined wide area network marketgrowth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailedsoftware defined wide area network market analysis based on competitive intensity and how the competition will take shape in coming years.

 Software-Defined Wide Area Network (SD-WAN) Market Report Highlights