SD-WAN Market Will Reach USD 30,907.6 Million in 2030

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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Why Are Companies Adopting Software-Defined Approach for Their WAN?

Every modern office today has a local area network (LAN), which connects all the computers in the office space together, thus making data sharing possible. When more than two LANs are connected, as is often the case with companies that have more than one office, the setup is known as a wide area network (WAN). Though WANs are essential for multi-location organizations, the increasing internet traffic has made their traditional architecture expensive to maintain.

This is because any kind of traffic has to be first identified, inspected, and secured (known as backhauling), which, in traditional WANs, is done via multiprotocol label switching (MPLS). In such a setup, numerous routers and endpoints need to be interconnected, which makes the overall IT setup expensive and complicated. Thus, the rising need for reduced IT expenditure is set to propel the software-defined WAN (SD-WAN) market value from $1.4 billion in 2019 to $43.0 billion by 2030, at a robust 38.6% CAGR between 2020 and 2030, says P&S Intelligence.

 

This is because an SD-WAN connects all the endpoints and routers across a WAN at one central point and automatically identifies, measures, and inspects the traffic and distributes it over a company’s server. Moreover, this architecture reduces the backhauling delay and latency associated with traditional WAN. In addition, the software-defined architecture can be deployed over conventional broadband and 4G LTE connections, which are cheaper to obtain and operate than MPLSs.

Further, with the emergence of cloud-based SD-WAN, the cost of such solutions has come down even more. And, with cloud-based software-defined networking (SDN), the software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS) platforms also receive support. Thus, with organizations around the world rapidly shifting to the cloud for reduced IT costs, scalability, and 24/7 access, cloud-based SD-WAN is set to gain widespread popularity in the coming years.

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Global SD-WAN Market Revolutionary Trends in Industry Statistics by 2023

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.

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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.

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.

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Depending on appliance, the SD-WAN market is categorized into physical, virtual, and hybrid. Amongst these, the virtual category had the largest market share in 2017, and this category is also expected to hold the largest market share during the forecast period. The main reason behind this category’s market domination is the fact that virtual SD-WAN appliances don’t require hardware components, which reduces their installation and configuration costs. In addition to this, these appliances also allow remote maintenance.

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