Emphasis on Deployment (Cloud, On-Premises); Organization Size (Large Enterprises, Small-Medium Enterprises); Component (Solution, Services); End-user (Healthcare; Manufacturing; IT and Telecom; Banking and Financial Services; Government, Retail, and Consumers Services; Transport and Logistics; and Others); and Region/Country
SD-WAN Market Size & ForecastThe SD-WAN market was valued at approximately USD 7 billion in 2023 and is expected to grow at a substantial CAGR of around 35% during the forecast period (2024-2032) owing to the rapid adoption of cloud and distributed computing.
SD-WAN is a network technology that provides software-defined wide-area network pathways and functionality to manage WAN connections. It can accommodate several kinds of connections including MPLS, broadband, and LTE to enable organizations to make the right choice in the most convenient, effective, and cheapest ways. Also, SD-WAN comprises advanced security elements such as encryption services and firewalls, thus ensuring the safety of the passing information.
This sector has constant innovations in SD-WAN technology through enhancements of new features like AI and machine learning in managing network solutions and making better analytics predictions of traffic flow. In February 2024, VMware, acquired by Broadcom Inc., announced significant new developments across its 5G, SD-WAN, SASE, and Edge Compute, collectively the Software-Defined Edge portfolio, to enable Communications Service Providers (CSPs) to modernize their networks and create new monetizable services.
This section discusses the key market trends influencing the various segments of the SD-WAN market as identified by our research experts.
The cloud segment generates demand for the SD-WAN market while improving the usage of more flexible, scalable, and efficient solutions for the management of cloud traffic. With more applications and services moving to the cloud, SD-WAN is the tool needed to add the right level of agility and performance enhancement needed to connect these clouds efficiently from an on-premises location. This integration assists organizations in dealing with the increasing complexity of the new unique or multiple-cloud environment which makes SD-WAN vital for improving cloud operating operations as well as growing the performance capacity of the overall networks. For instance, On Mar 30, 2021, Cisco launched a new, expanded Secure Access Service Edge (SASE) offer. This is the next important step in Cisco’s journey to radically simplify security and networking by helping network operations (NetOps) and security operations (SecOps) teams securely connect users to applications. Additionally, Cisco announced enhancements to its cloud-native platform, SecureX to more quickly and effectively manage new and emerging threats.
North America held a dominant share of the market in 2023 owing to the technological development of networks, the increased interest in cloud services, and the focus on digitalization processes. Major companies and organizations in North America are now using SD-WAN to improve their networks, the increasing complexity and usage of cloud, and hybrid networks, and controlling costs. For instance, in November 2023, Orange Business and VMware, Inc. strengthened their partnership to deliver Flexible SD-WAN with VMware as the first fully embedded SD-WAN offering in Evolution Platform. The Orange Business Evolution Platform combines a secured digital infrastructure with an agile, cloud approach to order and manage services. The need for dependable, secure, and high-performance connections in North America is well explained by the new ways of working, the expansion of SaaS applications, and demands for new network flexibility and network speed. Moreover, a strong focus of the region on 5G advancement and other new-generation networking services shall also provide a strong boost to the SD-WAN market’s growth. Furthermore, the compliance standards of North America along with the concern for cybersecurity influence the implementation of SD-WAN solutions with security features that are integrated this has covered North America’s leadership in the consumption of SD-WAN solutions.
The SD-WAN market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Cisco Systems Inc., Broadcom, Arista Networks, Inc., Fortinet, Inc., Palo Alto Networks., Hewlett Packard Enterprise Development LP, Barracuda Networks, Inc., Cloud Software Group, Inc., Huawei Technologies Co., Ltd., ARYAKA NETWORKS, INC.
The global SD-WAN market can be customized further as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Sd-wan Market Revenue (usd Bn), 2022-2032f
7. Market Insights By Deployment
8. Market Insights By Organization Size
9. Market Insights By Component
10. Market Insights By End-user
11. Market Insights By Region
12. Value Chain Analysis
13. Competitive Landscape
14. Company Profiles
15. Acronyms & Assumption
16. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the global SD-WAN market were the three major steps undertaken to create and analyze the adoption of SD-WAN in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global SD-WAN market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the SD-WAN market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the SD-WAN market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as deployment, organization size, component, end-user, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the SD-WAN market. Further, we conducted factor analysis using dependent and independent variables such as deployment, organization size, component, end-user, and regions of the SD-WAN market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the SD-WAN market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global SD-WAN market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global SD-WAN market. Data was split into several segments and sub-segments after studying various parameters and trends in the deployment, organization size, component, end-user, and regions of the global SD-WAN market.
The current & future market trends of the global SD-WAN market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the SD-WAN market's current size and growth potential?
Q2: What are the driving factors for the growth of the SD-WAN market?
Q3: Which segment has the largest share of the SD-WAN market by deployment?
Q4: What are the major trends in the SD-WAN market?
Q5: Which region will dominate the SD-WAN market?
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