The software-defined wide area network (SD-WAN) market is poised for exponential growth, with a projected value of USD 36.7 billion by 2030. This transformative solution is revolutionizing traditional networking by enabling centralized control and management of network resources through software-defined policies.
The market, valued at USD 4.7 billion in 2022, is expected to grow at a CAGR of 29.3% over the forecast period of 2023-2030. Factors such as the proliferation of cloud-based applications, the rise of IoT devices, and the increasing need for enhanced network visibility are driving the adoption of SD-WAN across various industry verticals.
Key players in the SD-WAN landscape, including Oracle Corporation, Hewlett Packard Enterprise Company, Ciena Corporation, Cisco Systems, and others, are vying to innovate and expand their product portfolios to cater to diverse customer demands.
Market Segmentation and Sub-Segmentation
The market is segmented by component (solution, services), deployment (on-premise, cloud), enterprise size (large enterprises, small and medium-sized enterprises), and industry vertical (BFSI, IT and Telecom, manufacturing, retail, healthcare, government, media and entertainment, energy and utilities, and others).
Regional Analysis
The SD-WAN market’s robust growth dynamics are fueled by the compelling benefits it offers to enterprises, such as enhanced application performance, simplified network management, and cost optimization. The imperative need for secure and reliable connectivity in today’s hyper-connected world further amplifies the market growth.
