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Software-Defined Wide Area Network (SD-WAN) Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029
Report ID: MRICT - 104701 Pages: 230 Nov-2022 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe growth of this market is driven by the increasing number of cloud solutions, the rising demand for internet broadband connections to replace more expensive solutions, the increasing demand for improved security, and the growing need for network agility and visibility.
However, the reliability issues in SD-WAN may restrain the market’s growth. The increasing proliferation of SD-WAN solutions to automate operations to simplify workflows and the rising demand for connecting data centers and multiple offices are expected to offer significant growth opportunities for the stakeholders in the software-defined wide area network market.
Furthermore, the concerns over SD-WAN security and the lack of standards for software-defined networking are expected to pose challenges to the growth of the SD-WAN market.
The latest trends in the global software-defined wide area network market are the move to hybrid or multi-cloud environments, firewall as a service, and secure access service edge.
The COVID-19 pandemic created several challenges for the software-defined wide area network market due to the lockdowns imposed during the second and third quarters of 2020. The pandemic lowered consumers' financial potential, which decreased the sales of SD-WAN services and solutions. However, in 2021, many enterprises, data centers, and communication service providers started recovering from the economic setbacks triggered by the pandemic. The COVID-19 pandemic moderately impacted the SD-WAN market due to delayed and postponed orders for SD-WAN solutions; however, it started recovering rapidly in the last quarter of 2020.
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Increasing Number of Cloud Solutions to Fuel the Market Growth
SD-WAN is the ideal solution for deploying, managing, and monitoring cloud WAN. It helps deliver network and security services within a cloud WAN (or cloud network). Cloud Managed SD-WAN solutions offer notable benefits such as operational infrastructure support & maintenance, reduced operational risks, reduced service startup costs, and provides customized control and visibility.
In recent years, there has been an increase in the adoption of multi-cloud and SaaS applications. The growing demand for agile, secure, and reliable direct connectivity, the increasing popularity of cloud-managed network and security functions, and the rising need to reduce bandwidth and operational costs are driving the demand for cloud-based SD-WAN solutions, subsequently driving the growth of the SD-WAN market.
Furthermore, the increasing emphasis by leading SD-WAN providers to launch cloud-based SD-WAN solutions is improving their market demand. For instance, in 2022, Nokia Corporation (Finland) and stc (Saudi Arabia) launched a managed SD-WAN solution, stc SD-WAN, based on Nuage Networks from Nokia Virtualized Network Services (VNS) platform. Additionally, in 2020, Fortinet, Inc. (U.S.) partnered with Equinix (U.S.) to accelerate cloud connectivity with the addition of Fortinet secure SD-WAN on Equinix’s network edge. Such developments are expected to drive the demand for cloud-based SD-WAN solutions and contribute to the growth of the software-defined wide area network market.
Based on Component, in 2022, the Solutions Segment is Expected to Dominate the market
Based on component, in 2022, the solutions segment is expected to account for the largest share of the global SD-WAN market. The large market share of this segment is attributed to the growing demand for cloud-based SD-WAN solutions, the rising popularity of SD-WAN solutions among large enterprises, and the increasing demand for SD-WAN solutions from large telecommunication service providers, data centers, and campus environments to solve challenges such as operational complexity, slow service delivery, and lack of visibility across both physical and virtual networks.
Based on Deployment Mode, the Cloud-based Deployment Segment is Expected to Register the Higher CAGR During the Forecast Period
In 2022, the cloud-based deployment segment is expected to register the higher CAGR during the forecast period. The rising need to manage complex network requirements, the need to reduce initial and working expenses for infrastructures, and heavy investments from enterprises to accelerate their SD-WAN infrastructure with cloud-based deployment are expected to support the growth of this segment. Several organizations are gradually transitioning to cloud infrastructure, a trend that is expected to grow in the coming years. The benefits of cloud infrastructure, such as ease of adoption, minimal requirement for in-house infrastructure, high scalability, and easy installation of SD-WAN solutions, support the growth of the cloud-based segment.
Based on Organization Size, the Large Enterprises Segment is Expected to Register the Higher CAGR During the Forecast Period
In 2022, the large enterprises segment is expected to register the higher CAGR during the forecast period. The growing demand for SD-WAN solutions by large telecommunication service providers and large data centers and campus environments to solve challenges such as operational complexity, slow service delivery, and lack of visibility across both physical and virtual networks is expected to support the growth of this segment.
Asia-Pacific: The Fastest-growing Regional Market
Asia-Pacific is projected to register the highest CAGR. The rapid growth of software-defined wide area network solutions & services in the urban population is due to growing economies in the region, such as China, India, and Japan. The increasing demand for SD-WAN solutions for reducing infrastructure and operational costs, the growing demand for SD-WAN solutions by mobile phone operators across emerging economies such as China, Japan, and India, and the presence of well-established SD-WAN providers are supporting the market’s growth in the region. Furthermore, the increasing deployments of SDN and NFV by regional enterprises and the rising demand for a broad range of value-added network services contribute to the growth of this regional market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants between 2020 and 2022. The key players operating in the software-defined wide area network market include Cisco Systems, Inc.(U.S.), VMware, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Nokia Corporation (Finland), Hewlett Packard Enterprise Development LP (U.S.), Tata Communications (India), Huawei Technologies Co., Ltd.(China), Fortinet Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), NEC Corporation (Japan), Oracle Corporation (U.S.), Adaptiv Networks Inc. (Canada), Riverbed Technology Inc. (U.S.), Silver Peak Systems Inc. (U.S.), and Aryaka Networks Inc. (U.S.).
Scope of the Report:
Software-Defined Wide Area Network Market, by Component
Software-Defined Wide Area Network Market, by Organization Size
Software-Defined Wide Area Network Market, by Deployment Mode
Software-Defined Wide Area Network Market, by End User
Software-Defined Wide Area Network Market, by Geography
Key questions answered in the report:
The global software-defined wide area network market is projected to reach $18.2 billion by 2029, at a CAGR of 23% during the forecast period.
Based on end user, in 2022, the enterprises segment is expected to account for the largest share of the global software-defined wide area network market. The large market share of this segment is mainly attributed to the growing demand to automate routine workflows and processes of data centers and the increasing need to reduce repetitive or mundane tasks, speed up processes, and drive down overhead.
The cloud-based deployment segment is projected to register the highest CAGR during the forecast period due to the high preference for cloud-based deployments among large enterprises, the increasing need for cloud-based retail SD-WAN solutions for processing large amounts of customer data, surging demand to manage complex network requirements, and the necessity to reduce initial and working expenses for infrastructures.
The growth of this market is driven by the increasing number of cloud solutions, the rising demand for internet broadband connections to replace more expensive solutions, the increasing demand for improved security, and the high demand for network agility and visibility.
Furthermore, the increasing proliferation of SD-WAN solutions to automate operations to simplify workflows and the rising demand for connecting data centers and multiple offices are expected to offer significant growth opportunities for the stakeholders in the software-defined wide area network market.
The key players operating in the global software-defined wide area network market include Cisco Systems, Inc. (U.S.), VMware, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Nokia Corporation (Finland), Hewlett Packard Enterprise Development LP (U.S.), Tata Communications (India), Huawei Technologies Co., Ltd. (China), Fortinet Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), NEC Corporation (Japan), Oracle Corporation (U.S.), Adaptiv Networks Inc. (Canada), Riverbed Technology Inc. (U.S.), Silver Peak Systems Inc. (U.S.), and Aryaka Networks Inc. (U.S.).
At present, North America dominates the global software-defined wide area network market. However, Germany, Japan, China, India, South Korea, the Netherlands, and the U.K. are expected to witness strong growth in demand for software-defined wide area network solutions & services in the coming years.
LIST OF TABLES
Table 1 Global Software-Defined Wide Area Network Market Size, by Country/Region, 2020–2029(USD Million)
Table 2 Global SD-WAN Market Size, by Component, 2020–2029 (USD Million)
Table 3 Global Software-Defined Wide Area Network Solutions Market Size, by Type, 2020–2029 (USD Million)
Table 4 Global Software-Defined Wide Area Network Solutions Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Global Software-Defined Wide Area Network Software Solutions Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Global Software-Defined Wide Area Network Hardware Solutions Market Size, by Country/Region, 2020–2029 (USD Million)
Table 7 Global Software-Defined Wide Area Network Services Market Size, by Country/Region, 2020–2029 (USD Million)
Table 8 Global Software-Defined Wide Area Network Professional Services Market Size, by Country/Region, 2020–2029 (USD Million)
Table 9 Global Software-Defined Wide Area Network Managed Services Market Size, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 11 Global Software-Defined Wide Area Network Market Size for Large Enterprises, by Country/Region, 2020–20212 (USD Million)
Table 12 Global Software-Defined Wide Area Network Market Size for Small and Medium-sized Enterprises, by Country/Region, 2020–20212 (USD Million)
Table 13 Global SD-WAN Market Size, by Deployment Mode, 2020–20212 (USD Million)
Table 14 Global On-premise Deployment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 15 Global Cloud-based Deployment Market Size, by Country/Region, 2020–2029 (USD Million)
Table 16 Global Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 17 Global Software-Defined Wide Area Network Market Size for Communication Service Providers, by Country/Region, 2020–20212 (USD Million)
Table 18 Global Software-Defined Wide Area Network Market Size for Data Centers, by Country/Region, 2020–20212 (USD Million)
Table 19 Global Software-Defined Wide Area Network Market Size for Enterprises, by Country/Region, 2020–20212 (USD Million)
Table 20 Global Software-Defined Wide Area Network Market Size for IT & Telecommunication, by Country/Region, 2020–20212 (USD Million)
Table 21 Global Software-Defined Wide Area Network Market Size for Manufacturing, by Country/Region, 2020–20212 (USD Million)
Table 22 Global Software-Defined Wide Area Network Market Size for Government & Public Sector, by Country/Region, 2020–20212 (USD Million)
Table 23 Global Software-Defined Wide Area Network Market Size for Retail, by Country/Region, 2020–20212 (USD Million)
Table 24 Global Software-Defined Wide Area Network Market Size for BFSI, by Country/Region, 2020–20212 (USD Million)
Table 25 Global Software-Defined Wide Area Network Market Size for Healthcare & Life Science, by Country/Region, 2020–20212 (USD Million)
Table 26 Global Software-Defined Wide Area Network Market Size for Education, by Country/Region, 2020–20212 (USD Million)
Table 27 Global Software-Defined Wide Area Network Market Size for Energy and Utilities, by Country/Region, 2020–20212 (USD Million)
Table 28 Global Software-Defined Wide Area Network Market Size for Media & Entertainment, by Country/Region, 2020–20212 (USD Million)
Table 29 Global Software-Defined Wide Area Network Market Size for other End Users, by Country/Region, 2020–20212 (USD Million)
Table 30 Global SD-WAN Market Size, by Country/Region, 2020–20212 (USD Million)
Table 31 North America: Software-Defined Wide Area Network Market Size, by Country, 2020–20212 (USD Million)
Table 32 North America: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 33 North America: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 34 North America: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 35 North America: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 36 U.S.: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 37 U.S.: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 38 U.S.: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 39 U.S.: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 40 Canada: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 41 Canada: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 42 Canada: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 43 Canada: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 44 Europe: Software-Defined Wide Area Network Market Size, by Country, 2020–20212 (USD Million)
Table 45 Europe: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 46 Europe: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 47 Europe: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 48 Europe: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 49 Germany: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 50 Germany: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 51 Germany: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 52 Germany: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 53 U.K.: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 54 U.K.: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 55 U.K.: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 56 U.K.: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 57 France: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 58 France: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 59 France: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 60 France: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 61 Italy: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 62 Italy: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 63 Italy: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 64 Italy: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 65 Spain: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 66 Spain: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 67 Spain: SD-WAN Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 68 Spain: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 69 Rest of Europe: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 70 Rest of Europe: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 71 Rest of Europe: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 72 Rest of Europe: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 73 Asia-Pacific: Software-Defined Wide Area Network Market Size, by Country, 2020–20212 (USD Million)
Table 74 Asia-Pacific: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 75 Asia-Pacific: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 76 Asia-Pacific: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 77 Asia-Pacific: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 78 China: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 79 China: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 80 China: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 81 China: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 82 Japan: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 83 Japan: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 84 Japan: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 85 Japan: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 86 India: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 87 India: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 88 India: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 89 India: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 90 South Korea: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 91 South Korea: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 92 South Korea: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 93 South Korea: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 94 Rest of Asia-Pacific: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 95 Rest of Asia-Pacific: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 96 Rest of Asia-Pacific: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 97 Rest of Asia-Pacific: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 98 Latin America: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 99 Latin America: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 100 Latin America: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 101 Latin America: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
Table 102 Middle East & Africa: Software-Defined Wide Area Network Market Size, by Component, 2020–2029 (USD Million)
Table 103 Middle East & Africa: Software-Defined Wide Area Network Market Size, by Organization Size, 2020–2029 (USD Million)
Table 104 Middle East & Africa: Software-Defined Wide Area Network Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 105 Middle East & Africa: Software-Defined Wide Area Network Market Size, by End User, 2020–2029 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing & Growth Forecast Approach
Figure 7 Key Insights
Figure 8 The Solutions Segment to Dominate the Global Software-Defined Wide Area Network Market, by Component (2020–2029)
Figure 9 The Large Enterprises Segment to Dominate the Global Software-Defined Wide Area Network Market, by Organization Size (2020–2029)
Figure 10 The Cloud-based Deployment Segment to Dominate the Global Software-Defined Wide Area Network Market, by Deployment Mode (2020–2029)
Figure 11 Software-Defined Wide Area Network Market, by Region
Figure 12 Market Dynamics
Figure 13 Global Software-Defined Wide Area Network Market Size, by Component, 2022 VS. 2029 (USD Million)
Figure 14 Global Software-Defined Wide Area Network Market Size, by Organization Size, 2022 VS. 2029 (USD Million)
Figure 15 Global SD-WAN Market Size, by Deployment Mode, 2022 VS. 2029 (USD Million)
Figure 16 Global Software-Defined Wide Area Network Market Size, by End User, 2022 VS. 2029 (USD Million)
Figure 17 Global Software-Defined Wide Area Network Market Size, by Geography, 2022 VS. 2029 (USD Million)
Figure 18 North America Software-Defined Wide Area Network Market: Snapshot
Figure 19 Europe Software-Defined Wide Area Network Market: Snapshot
Figure 20 Asia-Pacific Software-Defined Wide Area Network Market: Snapshot
Figure 21 Key Growth Strategies Adopted by Key Players (2020–2022)
Figure 22 Mergers & Acquisitions
Figure 23 Global Software-Defined Wide Area Network Market Share Analysis, by Key Players, 2021
Figure 24 Cisco Systems, Inc.: Financial Overview (2019–2021)
Figure 25 VMware, Inc.: Financial Overview (2019–2021)
Figure 26 Juniper Networks, Inc.: Financial Overview (2019–2021)
Figure 27 Nokia Corporation: Financial Overview (2019–2021)
Figure 28 Hewlett Packard Enterprise Development LP: Financial Overview (2019–2021)
Figure 29 Tata Communications: Financial Overview (2019–2021)
Figure 30 Huawei Technologies Co., Ltd.: Financial Overview (2019–2021)
Figure 31 Fortinet Inc.: Financial Overview (2019–2021)
Figure 32 Telefonaktiebolaget LM Ericsson: Financial Overview (2019–2021)
Figure 33 NEC Corporation: Financial Overview (2019–2021)
Figure 34 Oracle Corporation: Financial Overview (2019–2021)
Published Date: Oct-2024
Published Date: Jul-2024
Published Date: Jun-2024
Published Date: Mar-2024
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