The SD-WAN market size is projected to grow from USD 3.4 billion in 2022 to USD 13.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 31.9 % during the forecast period. Increasing number of cloud-based solutions are driving the growth of the SD-WAN market.
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Cloud segment is estimated to lead the SD-WAN market in 2022
SD-WAN architecture that is secure is a cloud-native, multi-tenant, multi-service software platform, with primary components that include routing, SD-WAN, and multi-layered security functions. An SD-WAN enables cloud-first organizations to provide a superior application quality of experience (QoEx) for users.
Large enterprise segment is set to emerge as a larger market during the forecast period
Large enterprises have an employee strength of more than 1,000. Large enterprises around the globe are adopting SD-WAN technology to reduce latency, increase reach and expand the businesses. Big companies are opting this technology to decrease equipment and bandwidth costs. Moreover, the focus of large enterprises is to streamline their networks and provide better service for all employees, offices, and branches, as SD-WAN offers unified upgrade to the cloud with important application performance especially for critical applications also with security and data privacy.
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The major vendors covered in the SD-WAN market Cisco (US), Oracle (US), Hewlett Packard Enterprise (US), Nokia (Finland), VMware (US), Huawei (China), Juniper Networks (US), Fortinet (US), Citrix US), Ciena (US), Epsilon Telecommunications (Singapore), Palo Alto Networks (US), Riverbed Technology (US), Ericsson (Sweden), BT (UK), Colt Technology Services (UK), NEC Corporation (Japan), Tata Communications (India), Extreme Networks (US), Martello Technologies (Canada), Arelion (Sweden), Aryaka (US), Flexiwan (Israel), Cato Networks (Israel), Nour Global (UAE), Sencinet (Brazil), MCM Telecom (Mexico), InterNexa (Colombia), FatPipe Networks (US), Bigleaf Networks (US), Lavelle Networks (India). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the SD-WAN market.
Cisco specializes in designing and selling a broad range of technologies that power the internet. The company offers products and technologies in the following categories: infrastructure platforms; applications; security, and other products. In addition to the product offerings, it provides a broad range of service offerings, including technical support and advanced services. It provides services to businesses of all sizes, public institutions, governments, and service providers, including large web-scale providers. The company also provides comprehensive advisory services focused on responsive, preventive, and consultative support of technologies for specific networking needs. It also offers support and maintenance services to help the customers ensure their products operate efficiently, remain available, and benefit from the most up-to-date system and application software. The services offered by the company help customers to protect their network investments, manage risk, and minimize downtime for systems running mission-critical applications.
Nokia operates through two major business segments: Nokia networks and Nokia technologies. The Nokia networks segment has been further segmented into six business groups: mobile networks, fixed networks, IP/optical networks, global solutions, Nokia software, and Nokia enterprise. The company’s second business segment, Nokia technologies, focuses on advanced technological developments and licensing. The company offers network infrastructure solutions and Solutions to telecom providers, cloud providers, cable operators, public sector, transportation, energy and resources, retail, healthcare, and others. Nokia offers excellent solutions for network assurance, troubleshooting, system administration, software management, application delivery, and configuration management. The company’s product portfolio includes solutions and services such as OSS, BSS, data centers, core networks, cloud network service, digital deployment service, managed operations, network planning, and optimization, and more. The company helps enterprises evolve their network management strategy to address technology evolution, constant network growth, and changing service demands. Its network management portfolio enables organizations to use the power of virtualization, automation, and analytics to manage any traditional or cloud-based network efficiently.
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