How Are Rising Data Privacy and Visibility Needs Driving SD-WAN Market Growth?

According to P&S Intelligence, the North American SD-WAN market generated the highest revenue during the historical period (2014–2019), due to the presence of established market players and extensive use of advanced technologies in the region. Moreover, the mounting focus of market players on the introduction of advanced SD-WAN solutions.

The increasing need of businesses to simplify their network operations, and surging government support regarding the expansion of the 5G network infrastructure also contributed toward the market growth in the region in the past years. Additionally, the mounting focus of market players on establishing partnerships with cloud service providers to help businesses secure a hybrid IT network will also support the market growth in the region in the coming years.

Whereas, Asia-Pacific (APAC) is expected to register the fastest growth in the SD-WAN market during the forecast period. This will be due to the increasing deployment of wireless devices, rising focus of small and medium enterprises (SMEs) on the adoption of cloud solutions, growing usage of enterprise networking solutions, mounting IT expenditure, soaring public focus on network security, and the booming popularity of bring-BYOD culture in the region.

The offering segment of the SD-WAN market is divided into solution and service. Of these, the service category is expected to exhibit the faster growth during the forecast period, owing to the surging requirement for SD-WAN planning, consulting, and maintenance and support solutions among enterprises to manage the lifecycle of the technology, allocate resources, and streamline processes.

This category is further classified into consulting, implementation, and training and support. Whereas, the solution category is bifurcated into appliance and software. Thus, the escalating need for data visibility and privacy and increasing demand for WAN optimization solutions will catalyze the market growth in the foreseeable future.

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