Software Defined Wide Area Network Market Growth, and Demand Forecast, 2013–2023

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Software Defined Wide Area Network Market
Overview by Offering Service, Appliance,
Growth, and Demand Forecast, 20132023
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Global SD-WAN market is expected to reach
9,691.0 million by 2023, the demand for cost
effective WAN management solutions, increasing
adoption of cloud technologies, need for
simplified network architecture, end-to-end
network security and visibility are driving the
market globally, according to PS
Intelligence. On the basis of offering, the
SD-WAN market is classified into solution and
service. The solution category held a larger
revenue share in the market accounting for nearly
78 in 2017. During the forecast period, the
market for SD-WAN service is expected to witness
higher growth, as the need for traffic management
to optimize bandwidth and cost reduction by
replacement of dedicated WAN network with
broadband network without compromising on
security, increases.
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Based on appliances, the SD-WAN market is
categorized into virtual, physical and hybrid
appliances. Virtual appliance accounted for
largest revenue share in the market in 2017.
During the forecast period, it will continue to
contribute largest revenue share owing to the
fact that it reduces the cost incurred in
installation and offers configuration and
maintenance of complex stack of software
virtually. The growth of data-intensive
applications with the emergence of cloud
technology is making SD-WAN technology a
promising solution for geographically distant
offices, which need reliable and faster
bandwidth. The companies transitioning into cloud
hosted, software as a service (SaaS) and
infrastructure as a service (IaaS) applications,
have started focusing on new WAN solutions to
increase productivity and business
execution. The Asia-Pacific (APAC) SD-WAN market
is expected to witness a CAGR of 57.9 during the
forecast period. Since the internet speed and
internet quality have significantly improved in
the region, IT departments are looking for cost
effective, secure, performance related solutions
to reduce their dependency on multi-protocol
label switching (MPLS). Organizations in the IT
and telecom industry in the region are focusing
on agile, secure, and end-to-end visible WAN
management solution, which will support the
market growth in future.
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Some of the key players operating in the market
are Cisco Systems, Inc, Citrix Systems, Inc,
Silver Peak Systems Inc, CloudGenix Inc, Ecessa
Corporation, Viptela Inc, Riverbed Technology,
Inc, Mushroom Networks, Inc, VeloCloud networks
Inc, Glue Networks Inc, Elfiq Inc. Request to
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