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SD-WAN refers to a technology that automatically distributes the network traffic across a wide area network (WAN) and thus provides efficient connection between branch offices and data center sites separated by large distances. Unlike conventional WAN, SD-WAN offers secure and reliable cloud-enabled WAN connections. Additionally, the SD-WAN technology has the ability to provide simple, secure, and affordable cloud-based solutions to the global enterprises, which further make it highly sought-after.
The mushrooming demand for cost-effective network management is one of the major factors driving the growth of the SD-WAN market. The maintenance and management of traditional WAN is expensive, while configuring it manually is complex and time-consuming. Moreover, the recent times have witnessed a growing preference for mobile and cloud-based technologies, which is further increasing the complexity of the WAN. In order to overcome this problem, businesses are adopting SD-WAN solutions, which enable them to automate the WAN configuration and decrease the gross operational cost.
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The surging need for network security and privacy across the world is another factor driving the SD-WAN market. Owing to the increasing usage of data and the rising threats to network security, the demand for SD-WAN solutions, on account of their ability to provide data security and privacy, is surging. Additionally, the capability of SD-WAN solutions to assist in the measurement and monitoring of network traffic, which allows the IT department to quickly detect a security breach, is another factor resulting in the high demand for them.
The research offers historical market size of the global software defined wide area network (SD-WAN) market for the period 2013–2017 and market forecast for the period 2018–2023.
Market Segmentation by Offering
Solution
WAN Infrastructure
SD-WAN control and overlay
Service
CSP SD-WAN Managed Services
Cloud-Managed SD-WAN
Market Segmentation by Appliance
Virtual
Physical
Hybrid
Market Segmentation by Implementation Type
In-house
Outsourced
Market Segmentation by Industry
IT and Telecom
BFSI
Government
Healthcare
Others (Includes Defense, Retail and Manufacturing Industry)
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