Managed SD-WAN Services Market Size

Managed SD-WAN Services Market Size

Managed SD-WAN Services Market was valued at USD 1 billion in 2023 and is anticipated to register a CAGR of over 33% between 2024 and 2032. As businesses prioritize modernization, the demand for agile and efficient network solutions intensifies. Managed SD-WAN services, with their ability to enhance connectivity and streamline operations, become integral to this transformation journey. This trend drives the market growth and underscores the critical role SD-WAN plays in supporting organizations in their quest for enhanced digital capabilities and competitiveness.

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Companies are engaged in forming partnerships and implementing managed SD-WAN solutions with the latest upgrades, thereby driving market growth. For instance, in 2022, Nokia and STC unveiled a managed SD-WAN solution named STC SD-WAN, leveraging Nokia's Nuage Networks from the Virtualized Network Services (VNS) platform. An integral part of STC’s cloud portfolio, it delivers automated, dynamic, and programmable network services. This solution streamlined ordering and configuration, enhanced visibility, and control, and addressed individual enterprise needs with efficiency.

As organizations embrace SD-WAN for enhanced connectivity, there are concerns about the security of data transmitted over the internet, especially when leveraging public connections. Ensuring robust encryption, firewall configurations, and threat detection becomes crucial to address security challenges. Furthermore, integrating SD-WAN into existing network infrastructures can be complex, especially for organizations with diverse technologies and legacy systems. Ensuring a smooth integration without disrupting ongoing operations requires careful planning and expertise.