Global Software-Defined Wide Area Network Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Software-Defined Wide Area Network Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Software-Defined Wide Area Network Market is expected to register a CAGR of 33.4% over the forecast period (2021-2026). The increased adoption of cloud-based solutions has led to the rise in the number of complexities at the organizational level. The need to streamline the processes have boosted the adoption of SD-WAN.
Companies Mentioned
- VeloCloud by VMware
- Talari Networks
- Cisco Systems Inc.
- Verizon Communications Inc.
- Citrix Systems, Inc.
- Silver Peak Systems, Inc.
- Juniper Networks, Inc.
- Hewlett Packard Enterprise Development LP
- Fortinet, Inc.
Key Market Trends
Retail is Expected to Have a Significant Market Share
Any large retailer requires IT efficiency and cost-effective solutions. Retail business is a highly distributed organization with thousands of branch stores in which the network plays a crucial role. In order to match bandwidth cost and performance optimization needs, the organization needs to migrate to a hybrid network (MPLS and Internet).
The network of the retail business is complex to operate with several network segments per store thas is required for both PCI compliance and supporting guest WiFi. The multiple WAN technologies per site (LTE and MPLS) makes the operations even more complex as all of these technologies must work together with local WiFi and switching. As one outlet of the retail business rapidly rolls out new applications for its other branch store, network operating costs and difficult change management which are impacting the agility are becoming major concerns.
Brand management is essential for any retail business. When part of a larger retail group, brands compete with each other in order to attract customers. Within this parent company, each brand follows an aggressive growth plan, including rapidly opening new branch stores. Each brand seizes to make its own IT decisions, while the parent company empowers them with standardized solutions. Management of the local Internet breakouts is operationally challenging. The pressing challenge involves simplification of branch connectivity, especially those with Internet breakouts, and provision sites faster.
North America is Expected to Hold the Major Market Share
SD-WAN solutions have gained popularity amongst the enterprise and service providers in the North America region. With multiple successful pilot projects and full-fledged deployments, that are being performed by the enterprises, are creating a significant market buzz across global regions. Driven by growing awareness and proven benefits of the SD-WAN solutions, critical markets of North America are expecting a massive boost in the growth.
The long term trend for SD-WAN market indicates that the North America market has contributed the highest business opportunities for SD-WAN vendors. Ther growing retail business in the United States has led to more organizational complexities which can be simplified with the SD-WAN solutions.
Retail Sales MoM in the United States has averaged 0.36 percent from 1992 until 2019. US retail trade leaped 1.6 percent from a month earlier in March 2019, following a 0.2 percent drop in February and easily beating market expectations of a 0.9 percent. This was the most significant increase in retail trade since September 2017 which is boosted by sales of motor vehicles and a range of other goods.
SD-WAN adoption in the IT sector is noticing a significant growth as companies are trying to streamline their WAN infrastructure and evolve toward more cloud-based applications. Due to the increasing complexity in the WAN infrastructure the service providers are coming up with new technologies to cater the problem and thus boost the adoption of SD-WAN.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand Of Mobility Services
4.3.2 Increased Penetration of Cloud Based Solutions
4.3.3 Digital Transformation
4.4 Market Restraints
4.4.1 Speculation Regarding Performance
4.5 Industry Attractiveness – Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Deployment
5.2 By Network Type
5.3 By End – User Industry
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 VeloCloud by VMware
6.1.2 Talari Networks
6.1.3 Cisco Systems Inc.
6.1.4 Verizon Communications Inc.
6.1.5 Citrix Systems, Inc.
6.1.6 Silver Peak Systems, Inc.
6.1.7 Juniper Networks, Inc.
6.1.8 Hewlett Packard Enterprise Development LP
6.1.9 Fortinet, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/w9gg65
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