Global SD-WAN Market to Witness 59.2% CAGR During 2016 – 2022

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Global SD-WAN Market to Witness 59.2 CAGR During
2016 2022
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SD-WAN Market
According to a new market research report Global
SD-WAN Market Size, Share, Development, Growth
and Demand Forecast to 2022 - Industry Insights
by Appliance (Physical and Virtual), by
Implementation Type (Outsourced and In-house) by
Industry (IT Telecom, BFSI, Healthcare,
Government, and Others) by Segment (Product and
Service) published by PS Market Research, the
global SD WAN market is projected to reach
9,378.6 million by 2022, growing at a CAGR of
59.2, during 2016 - 2022. Access Report
Overview https//www.psmarketresearch.com/market-
analysis/sd-wan-market
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SD-WAN Market
Global SD-WAN market worth 220.2 million in 2015
The study reveals that the global SD-WAN market
is likely to grow from 220.0 million in 2015 to
9,378.6 million by 2022. Due to increasing
demand for higher bandwidth and rising cost of
WAN management, the global SD-WAN market is
gaining traction.
Insights on market segments
As per the findings of the research, virtual
appliance led the global SD-WAN market in 2015.
Among various industries, healthcare is expected
to witness the highest growth in demand of SD-WAN
solutions during the forecast period. Among
regions, SD-WAN market is expected to witness
fastest growth in demand from Asia-Pacific by
2022. With increasing in-house WAN management
complexities, outsourced deployment is expected
to continue its larger contribution to the market
revenue during the forecast period.
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SD-WAN Market
North America stands as the largest SD-WAN market
Geographically, North America has been the
largest market for SD-WAN, where the U.S. has
been the largest contributor to the regional
market. China has been the major market in
Asia-Pacific. In Europe, Germany is expected to
be the major contributor to the regional market.
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SD-WAN Market
Evolution of cloud computing bolsters the global
SD-WAN market growth
The factors driving the growth of the market
include rise of cloud computing, need for
cost-effective network management, simplified
network architecture, and increasing need for
network security and visibility. Globally,
increase in migration of global enterprises from
traditional WAN infrastructure to cloud-based
solutions has been developing interest in
software-defined wide area network (SD-WAN). Due
to high maintenance cost and network complexity,
these enterprises need affordable pricing,
reliable security and ease of WAN management.
Increased managed service offerings and rise in
hybrid cloud connectivity are some of the trends
observed in this market. Globally, IT
organizations need WAN optimization solutions to
overcome challenges of network performance and
lower the ongoing WAN cost. SD-WAN solution
providers are continuously developing and
upgrading their physical and virtual WAN
optimization product portfolio, to provide
industries with accelerated application
performances.
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SD-WAN Market
Increasing adoption of various cloud services,
such as on-premise private cloud, public cloud,
hosted private cloud and SaaS, in enterprise IT
has resulted in a hybrid IT architecture within
the enterprise network infrastructure.
Enterprises need to meet the demand for agile,
cost-effective, reliable and high performing
business, networks connecting the hybrid IT
environment. Therefore, SD-WAN provides a mix of
public internet and private circuits to provide
organizations with more network uptime, cost
reduction, secure connection from branch
locations to applications in enterprise data
center and dynamic multi-path optimization for
enterprise grade performance and
scalability. Further, SD-WAN simplifies the
network complexity by offering ease of
installation and effective management of many
branch offices. It enables zero-touch deployment,
cloud-based centralized configuration through
templates, and automatic monitoring of bandwidth
and link performance. These SD-WAN services are
simplifying the complex WAN architecture,
streamlining the tasks of IT executives by
leveraging them with the task of application
management, instead of network management.
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SD-WAN Market
Intelligent pathway control through SD-WAN is an
opportunity for the growth of the global market.
IT industry is in demand for policy-based routing
solutions to assign path to their traffic, based
on source, destination or specific application.
SD-WAN solutions offer intelligent path control
by steering traffic, based on application. SD-WAN
solutions have immense growth opportunities with
its dynamic path selection capabilities, which
allow IT administrators to set up performance
threshold for various types of traffic. This
ensures that critical data and applications
always use the best path, based on latency,
jitter and loss, over the available VPN tunnel in
the network.
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SD-WAN Market
High competition among players in the global
SD-WAN market
The research states that the global SD-WAN market
is competitive with many players introducing
their product offerings. Some of the key players
in the global SD-WAN market are Citrix Systems,
Inc., Silver Peak Inc., Cloudgenix, Inc., Ecessa
Corporation, Viptela, Riverbed Technology, Inc.,
Mushroom Networks, Inc., VeloCloud Networks and
Glue Networks. Product launches and enhancements,
and strategic partnerships have been the major
recent developments in the SD-WAN market. Vendors
such as VeloCloud, a start-up SD-WAN vendor, is
competing in the global SD-WAN market by offering
hardware and virtual appliance. VeloCloud is also
offering both on-premise and cloud-based WAN
management solutions, which helps it to gain more
service providers and large enterprises.
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SD-WAN Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/s
d-wan-market/report-sample
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