Software Defined Wide Area Network – Brief Insights
Software defined wide area network (SD-WAN) is an evolving field of networking. It can be described as the usage of software-defined networking technology for WAN connections. These can be utilized to connect enterprise networks that comprise branch offices & data centers. Lately, a high demand for this technology has been observed. As a result of this, the global software defined wide area network is gaining momentum.
This technology can be effectively utilized to link various segments of a business set-up. For example, it can be employed to connect branch offices to the head office or can also connect various data centers in different locations.
The demand for secure integration of data & information has proven to be extremely beneficial for this market. Many businesses have started accepting SD-WAN thanks to its many benefits.
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Market Scenario
Looking at the current scenario the global software defined wide area network is poised for growth in the coming years. Back in the year 2016, the market was valued at USD 737.6 million. During the forecast period of 2018-2022, the market is expected to earn USD 9,064 million. The market is anticipated to grow at the impressive CAGR of 50%.
The success & development of this market have been brought about by a number of growth drivers. Out of these enterprise mobility can be termed as a key market propeller. It is being globally accepted due to the surge in the ratio of mobile workers. It aids in safeguarding & providing secure access to enterprise data.
Another major aspect that contributes in the development of this market is the increased acceptance rate of cloud systems. More organizations are looking for technologies that can help them to shift their sensitive data to cloud systems. This in turn drives the growth of the market.
Additional growth boosters can be listed as rising number of software defined data centers & higher demand for security features in network services.
Key Players
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.
Market Segmentation
The worldwide software defined wide area network market has been segmented on the basis of components, deployment, services, end-users & geographies.
On account of components the market is divided into physical appliance, software, virtual appliance & hybrid.
On the basis of deployment the market has been bifurcated into on-premise & cloud based systems.
The services segment is further divided into professional services & managed services.
The end-user portion can be sub-segmented into banking, financial services & insurance, manufacturing, healthcare, IT & telecom.
Geographically, the global software defined wide area network market is divided into several regions. They include, North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, Middle East & Africa.
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Innovation
The past year the global software defined wide area network market saw an important innovation. It was the launch of a new SA-WAN system by Masergy. It also went on to take away the big innovation award owing to its advanced mechanisms & beneficial features.
Intended Consumers
The intended audience for SD-WAN market include application development service providers, network providers, training & education sector, data integration service providers, corporate set –ups & governmental set-ups.
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