SD WAN Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global SD-WAN Market is Segmented by Deployment (Premise, Cloud, and Hybrid), Component Type (Solutions and Services), Organization Size (Large Enterprise and Small-Medium Enterprise), End-user Industry (Healthcare, Manufacturing, IT and Telecom, Banking and Financial Services, Government, Retail and Consumers Services, Transport and Logistics, and Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Latin America). The market, sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Software-Defined Wide Area Network Market Size

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Major Players

*Disclaimer: Major Players sorted in no particular order

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Software-Defined Wide Area Network Market Analysis

The Software-defined Wide Area Network Market is expected to register a CAGR of 31.2% over the forecast period. The increased adoption of cloud-based solutions has led to a rise in the number of complexities at the organizational level. The need to streamline the processes has boosted the adoption of SD-WAN.

• The increase in smartphone penetration rates has led to an increase in mobile data traffic. This has exposed the service providers to huge problems related to the streamlining of the processes.
• There is also an upsurge in the demand for internet broadband connections to replace more expensive solutions with simplified network solutions.
• The enterprises have now shifted their focus to the reduction of operational expenditure. Due to huge competition among the manufacturers, the only way to increase profits is to minimize operational expenditure.
• Certain concerns over the security of the SD-WAN network have come into the picture, which is restricting its growth and adoption rates.

Software-Defined Wide Area Network Market Trends

This section covers the major market trends shaping the Software-Defined Wide Area Network Market according to our research experts:

Enterprise Sector will Add to the SD-WAN Market Growth

As the world accelerates towards digitization, enterprises, either small or large, want to have secure and seamless connectivity to manage business operations. This directs them to opt for SD-WAN architecture. SD-WAN also helps in maintaining high-quality streams for content consumption within businesses.

• Edgecore Networks launched two new series in the SD-WAN portfolio. This will help in better networking for remote workers and will address application performance issues for remote users. Specifically designed for chain stores and small to medium-sized enterprises, it will provide robust, secure, and adaptive network services on demand. Edgecore Networks is a provider of open networking solutions which offers NOS and SDN software for enterprises, data centers, and telecommunication service providers.
• Aryaka, the leader in fully managed SD-WAN and SASE solutions, launched a service Point of Presence (PoP) in Paris, France. Aryaka's new facilities mean it can protect its businesses, regardless of any future uncertainty concerning the working environments.

North America is Expected to Hold the Major Market Share

SD-WAN solutions have gained popularity amongst enterprise and service providers in the North American region. Multiple successful pilot projects and full-fledged deployments performed by enterprises are creating a significant market buzz across the world. Driven by growing awareness and proven benefits of SD-WAN solutions, critical markets of North America are expecting a massive boost in growth.

The long-term trend for the SD-WAN market indicates that the North American market has contributed the highest business opportunities for SD-WAN vendors. The growing retail business in the United States has led to more organizational complexities, which can be simplified with SD-WAN solutions.

Most of the countries in the North American region are economically robust. This advantage keeps the region ahead of other geographies and leverages them to invest in the latest technologies like 5G, RAN, cyber security, and other IoT services.

Software-Defined Wide Area Network Industry Overview

The Software-defined Wide Area Network Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. The service providers are engaging themselves in mergers and acquisitions in order to gain a competitive advantage and trigger expansion.

In February 2022, Cisco joined hands with Microsoft Teams and Office 365 to address inconsistent software-as-a-service (SaaS) performance. Cisco released an updated version of their SD-WAN software which supports the optimal routing of Microsoft SaaS apps, including Microsoft SharePoint, OneDrive, and Teams on their SD-WAN. Cisco SD-WAN customers can leverage Cisco's Cloud OnRamp to intelligently route Microsoft 365 traffic to provide the fastest, most secure, and most reliable end-user experience.

In March 2022, Verizon collaborated with VMware, which will help Verizon roll the software giant's VeloCloud SD-WAN platform into its managed services portfolio. The service includes a centralized SD-WAN orchestrator, a network of globally distributed SD-WAN gateways, and a bevy of edge appliances for branch connectivity.

In November 2022, TVI, the technology services distributor, signed a deal with Aryaka that will allow TBI agents to sell the secure network services provider's offering. It will also offer a unified, secure access service edge (SASE). With its advanced technology, Aryaka fully converges advanced networking and cybersecurity features onto the same cloud-based platform rather than running them in separate silos.

Software-Defined Wide Area Network Market Leaders

1. Cisco
2. Fortinet
3. Colt
4. vmware
5. Tata Communication

*Disclaimer: Major Players sorted in no particular order

Software-Defined Wide Area Network Market News

• Dec 2022: Five new managed security service providers (MSSP), namely B.Online, Cirion, ngena, PT&T, and Telefónica, adopted Fortinet Secure SD-WAN to help drive better business outcomes and experiences for their customers. Fortinet is a global leader in broad, integrated, and automated cybersecurity solutions. Fortinet Secure SD-WAN will provide the MSSPs Secure Networks in present as well as future years.
• Sept 2022: Fortinet announced the industry's first AI-based network operations management for 5G/LTE gateways. The network operations teams will have access to even more dynamic insights and event correlation across their entire network, making FortiAIOps the most complete AIOps network management platform in the industry.
• Sept 2022: Leading satellite internet provider Hughes Communication India announced the commercial launch of India's first high-throughput satellite (HTS) service powered by ISRO. The aim is to deliver high-speed broadband across the country, including the most remote areas beyond the reach of terrestrial networks, thus connecting enterprises and governments.

Software-Defined Wide Area Network Market Report - Table of Contents

1. 1. TOC
2. 2. INTRODUCTION
   1. 2.1 Study Assumption and Market Definition
   2. 2.2 Scope of the Study
   1. 5.1 Market Overview
   2. 5.2 Market Drivers
      1. 5.2.1 Increased Number of Cloud-based Solution
      2. 5.2.2 Simplified Network Solution
      3. 5.2.3 Growing Demand for Mobility Services
      1. 5.3.1 Data Security
      2. 5.3.2 Lack of Qualified Trainers
      1. 5.5.1 Threat of New Entrants
      2. 5.5.2 Bargaining Power of Buyers/Consumers
      3. 5.5.3 Bargaining Power of Suppliers
      4. 5.5.4 Threat of Substitute Products
      5. 5.5.5 Intensity of Competitive Rivalry
      1. 6.1 By Deployment Mode
         1. 6.1.1 Premise
         2. 6.1.2 Cloud
         3. 6.1.3 Hybrid
         1. 6.2.1 Solutions
         2. 6.2.2 Services
         1. 6.3.1 Large Enterprises
         2. 6.3.2 Small-Medium Enterprises
         1. 6.4.1 Healthcare
         2. 6.4.2 Banking and Financial Services
         3. 6.4.3 Retail and Consumer Services
         4. 6.4.4 Manufacturing
         5. 6.4.5 Transport and Logistics
         6. 6.4.6 IT and Telecom
         7. 6.4.7 Other End-user Industries
         1. 6.5.1 North America
            1. 6.5.1.1 United States
            2. 6.5.1.2 Canada
            3. 6.5.1.3 Mexico
            4. 6.5.1.4 Rest of North America
            1. 6.5.2.1 United Kingdom
            2. 6.5.2.2 France
            3. 6.5.2.3 Germany
            4. 6.5.2.4 Rest of Europe
            1. 6.5.3.1 China
            2. 6.5.3.2 India
            3. 6.5.3.3 Japan
            4. 6.5.3.4 Australia & New Zealand
            5. 6.5.3.5 Rest of Asia-Pacific
            1. 6.5.4.1 Brazil
            2. 6.5.4.2 Mexico
            3. 6.5.4.3 Rest of Latin America
            1. 7.1 Vendor Market Share
            2. 7.2 Mergers and Acquisitions
            3. 7.3 Company Profiles
               1. 7.3.1 Aryaka
               2. 7.3.2 Cisco
               3. 7.3.3 vmware
               4. 7.3.4 Nokia
               5. 7.3.5 Hewlett Packard Enterprise
               6. 7.3.6 Huawei
               7. 7.3.7 Tata Communications
               8. 7.3.8 MCM Telecom
               9. 7.3.9 Fortinet
               10. 7.3.10 Ericsson
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               Software-Defined Wide Area Network Industry Segmentation

               SD-WAN stands for Software-defined Wide-Area Network. It is a term that relates to Software-defined Networking (SDN) that is used by thousands of companies across the country and further afield as they look to connect different parts of their business to a wireless network. This technology enables the direct end user to utilize any form of connectivity to access their corporate data hosted anywhere with high performance, speed, and security. The SD-WAN market is segmented by Deployment (Premise, Cloud, and Hybrid), Component Type (Solutions and Services), Organization Size (Large Enterprise and Small-Medium Enterprise), End-user Industry (Healthcare, Manufacturing, IT and Telecom, Banking and Financial Services, Government, Retail and Consumers Services, Transport and Logistics, and Other End-user Industries), and Geography. The market, sizes and forecasts are provided in terms of value (USD million) for all the above segments.

               By Deployment Mode
               	Premise
               	Cloud
               	Hybrid

               By Component Type
               	Solutions
               	Services

               By Organisation Size
               	Large Enterprises
               	Small-Medium Enterprises

               By End-user Industry
               	Healthcare
               	Banking and Financial Services
               	Retail and Consumer Services
               	Manufacturing
               	Transport and Logistics
               	IT and Telecom
               	Other End-user Industries

               North America
               	United States
               	Canada
               	Mexico
               	Rest of North America

               Europe
               	United Kingdom
               	France
               	Germany
               	Rest of Europe

               Asia-Pacific
               	China
               	India
               	Japan
               	Australia & New Zealand
               	Rest of Asia-Pacific

               Latin America
               	Brazil
               	Mexico
               	Rest of Latin America