The size of the SD-WAN market was USD 3,514.6 million in 2022, and it will reach USD 30,907.6 million in 2030, with a rate of 31.2% in the years to come, as per a report of a market research firm, P&S Intelligence.
Network security is at all times a precedence for IT executives. With the increasing usage of data worldwide, a wide variety of mission-critical assets, including applications, enterprise info, databases, and other resources, are becoming susceptible to unauthorized access.
Legacy WAN solutions are not enough to provide a firewall to the network from threats, and they similarly provide weak overall control. Enterprises are, hence, unceasingly updating their IT infra for the reduction of chances of the malicious activities, such as unauthorized access to important business data, and guarantee the continuity of business.
Apart from this, IT administrators need immediate system visibility for tracking network activity from end to end.
SD-WAN helps in monitoring and measuring traffic, providing deep visibility to IT department into WAN, and lets them to swiftly pinpoint a security attack. It permits organizations for creating certain priority policies for informing the network about the way specific types of traffic should be treated.
Furthermore, IT executives can establish policies with the capabilities of built-in encryption, for specifying and controlling external traffic and preventing confidential data access by unidentified sources.
The solution category was the larger, with around 70% share in the past. This is largely because of the shift to multi-cloud environments, acceptance of connected IoT devices, proliferating compliance needs, strong need for secured network infra, and strengthening emphasis on application optimization.
Software had the larger share, and it is also grow faster in the future. This is mostly because of the high requirement for software that strengthens internet services inside of a company, for a secured connection of employers with applications.
North America was the leader of the SD-WAN market, with over 40% in the past. This has a lot to do with the strong existence of the major players in the region, increasing frequency of the launch of innovative solutions, vast acceptance of next-gen technologies, growing support from the government for the setup of 5G infra, and strong need of organizations for simplification of the networking operations.
APAC will grow the fastest in the near future. This is mainly because of the increasing IT spending, supportive initiatives of the government in India, China, and Japan for the acceptance of 5G connectivity, rampant digital revolution of enterprises, rapid acceptance of connected devices, and increasing focus on business development by players.
Owing to the rapid acceptance of digitalization, the requirement for SD-WAN solutions will increase rapidly in the years to come.
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