Key Highlights
- The SD-WAN market was valued at USD 4,287.4 million in 2023, and it will increase to USD 42,606.9 million, growing at a 38.9% compound annual growth rate, by 2030.
- The rising demand for network privacy as well as visibility is a major factor driving the growth of the industry. Network security is constantly an important factor for IT officials.
- With the surging usage of data globally, different mission-critical assets like databases, enterprise data, applications, and various other resources, are becoming liable to unlawful access.
- Legacy WAN solutions are not adequate to defend the network from risks, and they also provide inadequate overall control.
- Businesses are, therefore, constantly modernizing their IT infrastructure to decrease the probability of malicious activities, such as unauthorized access to vital business information, and guarantee business continuity.
- SD-WAN helps in tracking and measuring traffic, offers deep visibility to IT departments into WAN, and enables them to rapidly identify a security attack.
- The increasing need for intelligent pathway control is providing key opportunities.
- With the increasing network complexity as well as data congestion on network ends, the need for policy-driven routing solutions is rising to assign a route to their traffic, centered on the destination, source, or particular application.
- SD-WAN solutions provide intelligent path control by directing traffic centered on the application.
Key Insights
North America was the largest contributor to the industry in 2023, with more than 50% share.
The major drivers for the growth in North America include the robust existence of the key players, extensive acceptance of advanced technologies, and the high need of businesses to streamline their networking processes.
APAC will propel at the fastest compound annual growth rate, of 39.3%, in the years to come. This is because of the increasing IT investment, helpful government initiatives for the acceptance of 5G connectivity, speedy connected devices acceptance, and rapid digital transformation of enterprises.
The solution category led the industry in 2023, with approximately 70% share.
This is because of the move toward multi-cloud environments, rising compliance demands, acceptance of IoT-connected devices, requirement for application optimization, and robust need for secured network infrastructure.
The on-premises category was the largest contributor to the industry in 2023, with a 45% share.
This can be because of the security unease of large organizations with the acceptance of SD-WAN solutions and the strong demand for physical networking devices for successful management of the network and big volumes of unstructured data.
The network operations visibility category will advance at the fastest rate, of 39.4%, in the years to come.
This is because of the high need for real-time information to determine problems and streamline SD-WAN operations.
The IT & telecom category led the industry in 2023, with a 35% share.
This can be because of the fast pace of digitization in this industry, the growing IT & telecom sector, the acceptance of mobile devices in workplaces, and the rising need for enhancing consumer experience.
The SD-WAN industry is fragmented, and it will grow continuously with the increasing consciousness about the benefits provided by SD-WAN.
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