SD WAN Market Report 2024 (Global Edition)

Global SD WAN Market Report 2024 Market Size Split by Offering (Solution, Service), by Deployment (On-Premises, Cloud, Hybrid ), by Use Case (Branch Connectivity, Application Control, Security, Netwo...

SD WAN Market Report Description

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SD WAN Market Insights Video

Competitive Analysis of SD-WAN Market

Market leaders in the SD-WAN industry contribute to the SD-WAN market's revenue. Companies in the software-defined wide area network industry respond to rising demand and maintain a competitive edge through strategies like expanding their operations, forming strategic alliances, and releasing new products. Market leaders are providing cloud-compatible solutions to their customers by leveraging cutting-edge technology n in the SD-WAN sector.

SD-WAN Market Industry News

• In July 2023, Cloud Software Group, to better serve its channel and clients throughout most of Eastern Europe, the Middle East, and Africa, established a partnership with Midis Group through its subsidiary MiCloudSW Ltd. Through this partnership, Cloud Software Group will have access to the local resources its clients require to assist their journey toward disruptive technology and the scale necessary to grow its influence in these areas further.

(Source:www.citrix.com/news/announcements/june-2023/cloud-software-group-establishes-strategic-partner-agreement-with-midis-group-in-eastern-europe-middle-east-and-africa.html)

• In October 2023, Cisco announced the next development in its ongoing partnership with NVIDIA to provide remote workers with AI-driven meetings. To improve collaborative experiences with audio and video intelligence and enable more egalitarian hybrid meetings, Cisco announced the release of Room Kit EQX and the expansion of its Cinematic Meetings features, both driven by NVIDIA's AI engine.

(Source:newsroom.cisco.com/c/r/newsroom/en/us/a/y2023/m10/cisco-partners-with-nvidia-to-unleash-the-power-of-hybrid-workspaces.html)

Top Companies Market Share in SD WAN Industry: (In no particular order of Rank)

• Cisco Systems Inc
• Citrix Systems Inc.
• Fortinet Inc.
• Oracle Corporation
• Juniper Networks Inc.
• Palo Alto Networks Inc.
• Aryaka Networks Inc.
• Riverbed Technology LLC
• VMware Inc.
• Hewlett Packard Enterprise Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Asia Pacific dominated the market in 2023. The SaaS industry is booming due to the increasing popularity of cloud-based ecosystems

According to Cognitive Market Research, Asia Pacific dominated the market in 2023. The SaaS industry is booming due to the increasing popularity of cloud-based ecosystems. Additionally, due to high levels of IT investment and the country's typically more tech-savvy and adaptable customer base, the SD-WAN industry is also witnessing development in the region during the forecast period.

Middle East and Africa are the fastest-growing categories in the region because the increase in innovation among digital enterprises and entrepreneurs has led to the creation of new and improved SD-WAN models. Businesses in the Middle East and Africa are experiencing the need to upgrade to faster networks and more reliable broadband services in anticipation of the fast implementation of 5G and government programs to digitize corporate processes. Numerous new businesses in the area target a wider audience with innovative products and services made possible by state-of-the-art technology. As a result of SD-WAN providers capitalizing on these market opportunities, the region's growth is expected to accelerate during the forecast period.

The current report Scope analyzes SD WAN Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Europe SD WAN Market

According to Cognitive Market Research, the European held a considerable market share in 2023, accounting for more than 30% of global revenue, and will expand with a CAGR of 31.00% from 2023 to 2030 due to an increase in remote work and the necessity for effective branch office connectivity led to the demand for SD-WAN solutions is expected to drive growth in the European SD-WAN industry. According to Cognitive Market Research, service is a significant product form segment because providers of these services can lend a hand to inefficient bandwidth management by distributing network resources according to customer needs and company priorities. In conclusion, the European SD-WAN market, which covers emerging nations like Germany, France, Italy, Spain, Russia, and the rest of Europe, is anticipated to expand rapidly during the projected period

Asia Pacific SD WAN Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 22% of global revenue, and will expand with a CAGR of 34.00% from 2023 to 2030. Demand for SD-WANs in the Asia-Pacific region is anticipated, and a growing number of companies adopt remote work and distributed workforce models; SD-WAN has become increasingly important in ensuring the safety and reliability of communications for remote employees. In addition, government initiatives and spending on digital infrastructure have affected SD-WAN adoption. According to Cognitive Market Research, it is predicted that the healthcare category will have the most rapid expansion in the Asia-Pacific area in the next years because remote sites, clinics, and branch offices are common in healthcare businesses. With SD-WAN, healthcare IT teams can reliably and securely connect to various sites. With its centralized management and control, they can configure, monitor, and manage the network all from one interface. In conclusion, China, Japan, India, and South Korea are among the Asia-Pacific nations that have quickly embraced new technology and programs for digital transformation, and a growing number of businesses in the Asia-Pacific region are upgrading their network infrastructure using SD-WAN solutions. This has contributed to the industry's growth over the forecast period.

South America SD WAN Market

According to Cognitive Market Research, Latin America held a considerable market share in 2023, accounting for more than 5.00% of global revenue, and will expand with a CAGR of 32.00% from 2023 to 2030. The strong Latin American smart technology sector drives the SD-WAN market, government regulations, and the rising significance of safe and efficient network connectivity for off-site offices and other locations. According to Cognitive Market Research, the Latin American market is expected to increase in the following years because on-premises businesses can better grasp latency and guarantee low-latency connections for real-time, mission-critical applications by establishing an on-premises SD-WAN, improving overall market on-premises category growth and contributing to the market growth in this region. In conclusion, the Latin American SD-WAN market is growing at a steady rate. This is because, in the years to come, manufacturing smart processes and technologies will help companies who invest in research and development remain ahead of the competition expansion over the coming years.

Middle East and Africa SD WAN Market

According to Cognitive Market Research, the Middle East and Africa held a considerable market share in 2023, accounting for more than 3.00% of global revenue, and will expand with a CAGR of 32.2% from 2023 to 2030. One major factor propelling the increased use of SD-WAN is the trend towards cloud-based services and applications, measures for integrated security, well-established IT enterprises, and newer startups providing technological solutions. This rivalry spurred many advancements and enhancements in SD-WAN technology, contributing to the market's expansion. According to Cognitive Market Research, the solution segment has grown because it offers dependable and safe connectivity for remote employees to access company resources from anywhere. It also lets you connect remote offices, subdivisions, and cloud resources, allowing you to adjust to your business's changing needs. In conclusion, the MEA SD-WAN market exhibits growth potential due to increased modern technology, improvements to the market and new tendencies in this region.

North America SD WAN Market

According to Cognitive Market Research, North America held a considerable market share in 2023, accounting for more than 40% of global revenue, and will expand with a CAGR of 30.00% from 2023 to 2030. The market for SD-WAN has increased due to the widespread use of cloud computing and related technologies, which is one of the main forces propelling SD-WAN in North America and driving market growth in the region. According to Cognitive Market Research, the application control sector is a significant driver of application control. SD-WAN may tailor its routing decisions to meet the unique needs of each application. Since this is the case, programs will always take the safest and most efficient routes, boosting this segment's market. In conclusion, the North American SD-WAN market thrives due to a quick uptake of new technologies and ideas. As a result, the SD-WAN industry has responded by developing time-saving security measures, continuously growing in the coming years.

SD WAN Market Analysis

SD WAN Offering Segment Analysis

According to Cognitive Market Research, solution held the major market share over the forecast period because Centralized management and control guarantee secure data transmission. This allows administrators to design and monitor the network from a single interface. Additionally, it generally includes built-in security mechanisms like encryption and segmentation, which fuels market growth.

Service is the fastest-growing category over the forecast period because service providers can manage the entire deployment process for SD-WAN remedies, ensuring that enterprises can install them smoothly and efficiently and assist businesses in minimizing the expenses linked to SD-WAN deployment, guaranteeing that the solution provides excellent value at a reasonable cost.

• Solution
• Service

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SD WAN Deployment Segment Analysis

According to Cognitive Market Research, on-premises holds a prominent market share because using SD-WAN on-premises gives businesses complete command over the solution's security features. Data encryption, firewall policies, and other safety protocols must be set up and overseen by the organization's regulations.

The hybrid is the fastest-growing category over the forecast period, as it allows for uniform security policies in both on-premises and cloud settings. Therefore, this guarantees a safe and cohesive network architecture and contributes to the market's overall growth.

• On-Premises
• Cloud
• Hybrid 

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the SD WAN market report 2024 Edition by contacting our team.

SD WAN Use Case Segment Analysis

According to Cognitive Market Research, the application control category holds a prominent market share because controlling applications allows for smart routing decisions that depend on current situations. With SD-WAN systems, traffic can be intelligently redirected to the fastest route, reducing latency and making the most of network resources.

Security is the fastest-growing category over the forecast period. SD-WAN facilitates secure remote access to cloud services, and improved visibility into network traffic allows enterprises to monitor data for signs of security breaches. The ability to see what's going on helps identify security issues faster and respond accordingly, contributing to the market's overall growth.

• Branch Connectivity
• Application Control
• Security
• Network Operations Visibility

SD WAN Industry Segment Analysis

According to Cognitive Market Research, healthcare holds a prominent market share because the healthcare industry is notorious for its dispersed network of clinics, offices, and other outposts. With SD-WAN, these locations may be reliably and securely connected, allowing for the easy transfer of patient records and data.

The BFSI category will be the fastest-growing over the forecast period because it enables BFSI firms to segment their networks for regulatory and security-related reasons. Segmentation can better protect sensitive financial data. With SD-WAN, BFSI companies can set up QoS settings to prioritize important apps and financial operations. 

• Retail
• Manufacturing
• Healthcare 

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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