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Upcoming Allied Market Research
2021
Wan Optimization Market

WAN Optimization Market by Component (Solutions, and Services), Deployment Mode (Cloud, and On-Premises), Organization Size (Small & Medium-Sized Enterprises (SMEs), and Large Enterprises), and Industry Vertical (BFSI, Healthcare, IT & Telecom, Manufacturing, Retail, Media & Entertainment, Education and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2021 | 871 Views
   
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COVID-19

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WAN Optimization Market Insight

WAN optimization is a type of technology which is used increase the efficiency of data flowing across a particular wide area network within two end points. In addition to this, organizations are adopting WAN optimizations for helping the end user to resolve business related queries with maximum efficiency. WAN optimization uses different technology which include deduplication of data, caching, VPN tunneling, data compression, and others for securing mission critical data of the companies. Furthermore, various organization are using WAN optimization to avoid unwanted traffic, manage the traffic over the network and also provide priority to certain hosts over the network. In addition, growing demand for WAN optimization across various large and small & medium enterprises for eliminating data duplication is driving the growth of the market. 

WAN Optimization Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

Component, Deployment Mode, Organization Size, Industry Vertical and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and Middle East and Africa

  Companies covered

Major players analyzed include Array Networks, Inc., Aryaka Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Fatpipe Networks Inc., Inforvista, Riverbed Technology Inc., Silver Peak Inc., Symantec (Broadcom), and Virtual Graffiti Inc.,

 

Impact of COVID-19 on WAN Optimization Market:

  • The working of many security teams is likely to be reduced due to the COVID-19 pandemic thereby making detection of malicious activities difficult and responding to these activities even more complicated. Revising patches on systems may also be a challenge if security teams are not operational.
  • Growing adoption of work from culture across the globe have led positive impact on the WAN optimization market. In addition, rise in cloud based data centers across the globe fuels the growth of the market in the pandemic situation.
  • Organizations should safeguard their detection and alerting capabilities are useful while keeping an eye on the impact of having many remote workers.

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

Increase in number of data centers and branch offices across the globe and growing WAN optimization for cloud technology are the major driving factors for the growth of WAN optimization market. In addition, rise in need to ensure user quality of experience and productivity propels the growth of the market. However, availability of low-cost bandwidth can hamper the growth of market to a certain extent. On a contrarily, hybrid WAN solution for enterprises is expected to be an opportunistic factor that would boost the global market in the coming years.

Rise in WAN optimization for increasing cloud performance 

WAN optimization helps organizations to speed up their application and cloud-based application working in an environment. In addition to this, WAN optimization helps companies to improve their cloud ability and increase the productivity of the organization. Furthermore, cloud computing helps organizations to access any data from anywhere across the globe. Thus, to speed up the access of data across the network various organizations are adopting WAN optimization technology for their cloud data centers which is propelling the growth of the market. Furthermore, the expense can increase connection needed in order to speed up the data delivery. The same thing can be provided by WAN optimization without the necessity of costly upgrade.

Availability of low-cost bandwidth

Bandwidth is one of the most important factors that can impact network performance. Bandwidth restrictions are addressed by reducing the amount of data passed across network. In addition, WAN optimization prioritize application traffic and also helps organizations to avoid storing duplication of data on cloud server.  Thus, to reduce operating cost of organization and to obtain low cost bandwidth organization are adopting WAN optimization which is driving the growth of the market. Furthermore, one of the major factor organization are using WAN optimization is to avoid packet loss as well as to avoid network congestion across a data center. 

Key segments covered:

Segments

Subsegments

  Component

  • Solutions
  • Services

  Deployment Mode

  • Cloud
  • On-Premises

  Organization Size

  • Small & Medium-sized Enterprises (SMEs)
  • Large Enterprises

  Industry Vertical

  • BFSI
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Media & Entertainment
  • Education
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global WAN optimization industry along 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 of the global WAN optimization market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global WAN optimization market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.
 
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