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Software-Defined Wide Area Network (SD-WAN) Market Analysis

Report ID: GMI2214
Published Date: Feb 2024
Report Format: PDF

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Software-Defined Wide Area Network Market Analysis

Global SD-WAN Market Revenue, By Component, 2022 – 2032, (USD Billion)

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Based on component, the solution segment accounted for over USD 4.5 billion in 2023. SD-WAN solutions are rapidly gaining traction due to their ability to revolutionize traditional networking paradigms. By offering cost-effective alternatives to MPLS networks, SD-WAN optimizes bandwidth usage and prioritizes critical applications, enhancing overall performance. Its scalability and flexibility cater to the dynamic needs of modern businesses, especially those with distributed locations or undergoing digital transformation.

Global SD-WAN Market Share, By Deployment Model, 2023

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Based on the end use, the on-premises segment held approximately 70% of the market share in 2023 and is projected to grow by 2032. WAN solutions offer scalability and flexibility, some businesses, particularly those with stringent security and compliance requirements, prefer to keep critical network functions and data on-premises. This desire for control stems from concerns about data privacy, regulatory compliance, and the need to maintain uninterrupted access to mission-critical applications and services, especially in industries such as finance, healthcare, and government. On-premises SD-WAN solutions provide organizations with the autonomy to customize and optimize their network architecture according to their specific requirements while ensuring greater visibility, security, and reliability over their network traffic and data.

U.S. SD-WAN Market Revenue, 2022 -2032, (USD Billion)

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North America dominated the global software-defined wide area network market with a major share of over 45% in 2023, due to the region's large and diverse business landscape, ranging from small startups to multinational corporations, demanding scalable and flexible networking solutions. Secondly, North American enterprises prioritize innovation and digital transformation, driving the adoption of cutting-edge technologies like SD-WAN to enhance competitiveness and agility. In addition, the region's robust infrastructure and high-speed internet connectivity provide a conducive environment for SD-WAN deployments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of software-defined wide area network was reached USD 7.2 billion in 2023 and is estimated to register over 27% CAGR between 2024 and 2032, owing to the scalability and flexibility that this network offers.

In 2023, the on-premises segment accounted for a market share of 70% and is projected to grow through 2032, as SD-WAN solutions offer scalability and flexibility to businesses, particularly those with stringent security and compliance requirements, to keep critical network functions and data on-premises.

North America dominated the global software-defined wide area network market with a major share of over 45% in 2023 and will grow significantly through 2032 due to the region's large and diverse business landscape, ranging from small startups to multinational corporations, demanding scalable and flexible networking solutions.

Aryaka Networks, Inc., Cisco Systems, Inc., Extreme Networks, Inc., Hewlett Packard Enterprise (HPE), Huawei Technologies Co., Ltd., Juniper Networks, Inc., Martello Technologies Group Inc., Oracle Corporation, Palo Alto Networks, Inc., Versa Networks, Inc., VMware, Inc., and ZTE Corporation.