SD-WAN market is projected to surpass USD 17 billion by 2025. This market growth is driven by the rising adoption of SD-WAN solutions among enterprises to simplify network management. Such solutions enable network administrators to have complete control over their network and are widely deployed by organizations that have remote offices as they provide centralized management to control all the network assets remotely. It also substitutes some or all expensive Multiprotocol Label Switching (MPLS) with low-cost broadband links enabling enterprises to save huge costs. As SD-WANs offer huge cost savings to adopters, the demand for these solutions is expected to accelerate over the forecast timeline.
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Training & consulting services in the SD-WAN market are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers? ability to leverage SD-WAN solution deployments, which will meet their business objectives. The service providers offer training & consulting services that help enterprises in deploying, implementing & operating solutions and also help them to use the best strategy to ease the process of network transformation.
The hybrid deployment model is projected to grow at a CAGR of over 62% over the forecast timeline. The hybrid architecture holds great potential for organizations that are particular about the security of their sensitive data. Organizations are deploying hybrid WAN, which provides them with efficiencies in route selection and also improves business application performance by enabling path selection for traffic movement.
The retail & consumer goods application segment is expected to grow at a CAGR of over 60% from 2019 to 2025. As the adoption of digitalized platforms and IoT technology continues to grow, retailers face challenges related to the management of omnichannel environments. This drives the demand for SD-WAN solutions, which enable retail enterprises to manage their retail operations and remote office functions and systems. The retailers are widely adopting such solutions to strengthen their omnichannel strategy and improve the customers? experience.
The North America SD-WAN market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.
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Companies operating in the SD-WAN market are focusing on various business growth strategies, including new product developments, strategic acquisitions, and partnerships. Through such strategic moves, companies are trying to gain a broader market share and maintain their leadership in the market. For instance, in December 2017, VMWare acquired VeloCloud for USD 610 million.
Some Points From Table Of Content: –
Chapter 7. SD-WAN Market, By Application
7.1. Key trends, by application
7.2. IT & telecom
7.2.1. IT & telecom market estimates and forecast, 2014-2025
7.3.1. BFSI market estimates and forecast, 2014-2025
7.4.1. Healthcare market estimates and forecast, 2014-2025
7.5. Retail & consumer goods
7.5.1. Retail & consumer goods market estimates and forecast, 2014-2025
7.6.1. Government market estimates and forecast, 2014-2025
7.7.1. E Manufacturing market estimates and forecast, 2014-2025
7.8.1. Others market estimates and forecast, 2014-2025
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