Market Size of Software-Defined Wide Area Network Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 31.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Software-Defined Wide Area Network Market Analysis
The Software-defined Wide Area Network Market is expected to register a CAGR of 31.2% over the forecast period. The increased adoption of cloud-based solutions has led to a rise in the number of complexities at the organizational level. The need to streamline the processes has boosted the adoption of SD-WAN.
- The increase in smartphone penetration rates has led to an increase in mobile data traffic. This has exposed the service providers to huge problems related to the streamlining of the processes.
- There is also an upsurge in the demand for internet broadband connections to replace more expensive solutions with simplified network solutions.
- The enterprises have now shifted their focus to the reduction of operational expenditure. Due to huge competition among the manufacturers, the only way to increase profits is to minimize operational expenditure.
- Certain concerns over the security of the SD-WAN network have come into the picture, which is restricting its growth and adoption rates.
