Check the current statistics on the expected global CAGR growth of the SD-WAN market. You will find many sources that confirm a straightforward fact: SD-WAN solutions are growing at an impressive pace across businesses.
According to different research institutes, the overall SD-WAN market will have a size of USD 30 billion in 2026 and USD 43 billion by 2030, starting from approximately USD 1.9 billion (depending on the impact of Covid on the supply chain for SD-WAN appliances) in 2020. An unprecedented development, strongly driven by the increasing requirement for a simplified enterprise network architecture, need for cost-effective WAN management and automation, rising broadband internet penetration, adoption of the bring-your-own-device (BYOD) policy at workplaces, surging utilization of internet of things (IoT) and big data, demand for network privacy, and rapid deployment of cloud-based solutions.
The increasing deployment of personal devices (smartphones, notebooks, tablets) and the urgent need to rely on remote working heavily, calls for parallel processing on multiple servers and seamless interconnections among network resources, to deliver high-performance access for a plethora of devices. For this reason, the cloud segment is also expected to witness high demand due to its wide range of functionalities, such as high higher flexibility, lower cost, and faster service. Analysts report about an unstoppable migration to cloud-based applications, such as Office 365, Amazon Web Services (AWS), Dropbox, Azure, and Salesforce, stimulating by return a constant demand for additional network capacity and more sophisticated network solutions.
While carrier and data centre players face the daunting task of scaling their networks to unimaginable sizes, SD-WAN comes off as a promising solution. With this respect, according to analysts, cloud-enabled SD-WAN will register the highest growth in the SD-WAN market during the forecast period. This would be mainly due to the increasing adoption of cloud services because of their ability to support dynamic and highly automated operations cost-effectively. Moreover, the rising number of cloud security challenges, such as control and visibility of cloud data, misconfiguration, and user access to cloud data and applications, are also expected to result in high demand for advanced SD-WAN solutions. These solutions support in strengthening the network infrastructure, by allowing for increased branch office agility, orchestration simplicity, and streamlined application performance, as well as real-time traffic shaping and load balancing, makes cloud-based SD-WAN preferable over the on-premise model.
The “as a Service” category is also expected to enjoy the faster growth in the SD-WAN market in the forecast period. This can be ascribed to the increasing need of organisations for consulting, maintenance and support, and SD-WAN deployment planning for managing the lifecycle of the technology, streamlining processes, and allocating resources, for the use of related software and tools.
This development shows that SD-WAN is not just a trend or a “buzz word”. If you want to know more about your opportunities as SD-WAN network operator with nacXwan SD-WAN as a Service offering, do not hesitate to contact us!