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Software Defined Wide Area Network Market is Expected to Grow at a CAGR of over 90.2% During 2022-2030 

Report Ocean published the latest research report on the Software Defined Wide Area Network market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Software Defined Wide Area Network market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The “Worldwide Software Defined Wide Area Network (SD-WAN)” market will witness a CAGR of around 90.2% during the forecast period 2016-2022.

The digital economy affects the world’s trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.

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Key Players Covered in the Report
Cisco Systems
VeloCloud Inc.
Versa Networks
Silver Peak
CloudGenix
Nuage Networks (Nokia)
Talari
Viptela
Riverbed
Pertino Networks

Worldwide Software Defined WAN Market – Drivers’ Opportunities’ Trends’ and Forecasts: 2016-2022
The Software Defined Wide Area Network (SD-WAN) is an emerging solution for networking’ which is aimed at simplifying and enhancing branch and remote office connectivity. This provides an improved and secure internet connectivity that allows administrators to manage the WAN’ identify’ and address service issues. It also helps businesses to manage their connections between the internet’ external cloud services’ data center and sites. The integration of hardware and software reduces the need for hardware and increases the enterprises business. The SD-WAN has been gaining attention due to the operational benefits and huge cost savings over traditional WAN infrastructure.

The Software Defined Network (SDN) adoption in the data center is gaining strong interest with SD-WAN. It is expected that over the next 5 years’ many organizations will deploy SD-WAN solution for the development of branch networking solutions. The report is segmented into network components’ deployment’ services’ products’ verticals’ and regions. North America is expected to have the largest market share followed by Europe and Asia Pacific. The emerging regions such as Latin America and MEA are also expected to increase their spending on SD-WAN over the next 2 years. There will be an increased demand from the enterprises for more flexible’ open’ and cloud-based WAN technologies.

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According to Reportocean Research’ it is estimated that the “Worldwide Software Defined Wide Area Network (SD-WAN)” market will witness a CAGR of around 90.2% during the forecast period 2016-2022. The reducing operational cost is one of the major drivers for SD-WAN adoption. There is an increased interest among the organizations and many new startups are going after the potential in the SD-WAN market. The key players covered in this report are VeloCloud Networks’ Inc.’ Viptela’ Inc.’ CloudGenix’ Citrix System’ Nuage Networks’ Cisco Systems’ Versa networks’ etc.

The study covers and analyzes the “Worldwide Software Defined Wide Area Network (SD-WAN)” market. Bringing out the complete key insights of the industry’ the report aims to provide an opportunity for players to understand the latest trends’ current market scenario’ government initiatives’ and technologies related to the market. In addition’ helps the venture capitalist in understanding the companies better and take informed decisions.

Region/Country Cover in the Report

North America’ US’ Canada’ Europe- UK’ Germany’ France’ Asia Pacific-Japan’ China’ Australia and New Zealand (ANZ)’India’ Latin America -Brazil ‘ Middle East & Africa (MEA)

Report Summary – Worldwide SD-WAN
SD-WAN is an emerging application that provides advantages associated with SDN in data centers such as WAN solution to the enterprises’ branch office. Businesses are facing major issues in transforming data across the branch office due to high complexity in branch deployments’ increased access cost for MPLS?based bandwidth to support application performance’ and architectural issues in traditional WAN. SD-WAN is one of the solutions to overcome these challenges. The SD-WAN provides a cloud?based architecture that can access multiple links by rapidly changing the locations and delivers with flexibility and agility that most businesses require. In addition’ SD-WAN gives the power of independence to the network admin for choosing appropriate networks to connect branch offices’ cloud applications’ remote locations’ and subsidiaries. There is no longer the rigidity over the decision of using MPLS’ broadband’ wireless’ and Ethernet because applications can be programmed to one specific network at times depending on the business requirements’ security’ and data traffic.

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The SD-WAN market is still in the initial stage. The organizations are shifting from traditional WAN to SD-WAN as it is advantageous and have been investing billions of dollars in SD-WAN and in training resources to use them properly. Many new startup vendors are entering the market by providing various products and solutions. It is expected the in the next 5 years’ the SD-WAN market will grow at an exponential rate serving most of the verticals.

Nowadays’ the enterprises are looking for cost effectivity and simple WAN connectivity. The SD-WAN draws down the cost of connectivity that allows service providers and enterprises to deliver a comprehensive and a cost-effective managed SD-WAN service. The market is being segmented into network components’ services’ products’ verticals’ deployment’ and regions. Further’ the regions are divided as Americas’ Europe’ Asia Pacific’ and the Middle East & Africa (MEA). The North America is leading the SD-WAN market followed by Europe. The Asia Pacific is expected to hold the major market share in the next 5 years.

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Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

What is the goal of the report?

The market report presents the estimated size of the Industrial automation market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Available Customization
The following customization options are available for this report:
> Trends for other verticals including retail’ travel’ and hospitality
> Country-specific trends and market analysis
> Rest of the World (RoW) Region-specific market analysis
> Additional company profiles
Apart from the existing market analysis’ Reportocean can also offer a wide array of custom-tailored studies as per the company’s specific needs.

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