The demand for the Software-Defined Wide Area Network market globally to witness considerable growth in the coming five years. Wide area networking enables the organizations to outspread their computer networks over great distances, to connect remote branch workplaces to data centers and among each other, and provide the services and applications needed to perform business operations. The growing need for reducing IT expenses along with the dynamic business environments and growth in the implementation of cloud services in organizations are the key factors fueling the Software-Defined Wide Area Network market growth.

As customers have moved toward high definition screens, the requirement for high-quality video streaming has improved substantially. The high-quality video needs high bandwidth. This, in turn, shall surge the demand for Software-Defined Wide Area Network to prioritize the increasing network traffic and facilitate enriched video streaming quality and customer experience. However, security concerns over Software-Defined Wide Area Network systems owing to the cyber attacks and breaches are likely to hinder the industry growth in the coming years.

Component Segment

The global Software-Defined Wide Area Network market contains both solution and service segments. The solution segment further software, and appliances. The services segment is further categorized into implementation, training & support, and consulting & advisory. The services segment is likely to grow at a considerable growth rate from 2020 to 2028. It enables end-users in lowering operational expenses, reducing costs, and enhancing business performance. Additionally, organizations can evaluate, track, and scrutinize the prerequisites of their business to execute informed decisions.

Organization Size Segment

Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large enterprise segment gathered the largest market revenue and it is anticipated to govern the Software-Defined Wide Area Network market throughout the forecast period. Software-Defined Wide Area Network solutions are essential for large organizations since they have to maintain huge volumes of data, as well as a large workforce. The Software-Defined Wide Area Network technology advances troubleshooting for networks of large organizations by having data about forwarding tables through the network. However, the small & medium segment is projected to grow at a significant growth rate over the forecast period.

Deployment Segment

Based on the deployment segment, the market is bifurcated into two sub-segments that are on-premise, and cloud. In 2019, the on-premise segment gathered the largest market revenue and it is anticipated to dominate the market throughout the forecast period. However, the cloud segment is anticipated to grow at a substantial growth rate over the forecast period. The cloud enables organizations with a unified platform with SaaS-based services providing improved security.

Application Segment

Based on the application, the market is segmented into BFSI, retail, manufacturing, transportation and logistics, healthcare, energy and utilities, government, and others. The IT & telecom sector dominated the Software-Defined Wide Area Network industry in 2019 owing to the increasing demand for bandwidth-intensive applications. On the other hand, the penetration of mobile devices has led to an upsurge in the usage of high bandwidth applications. As organizations functioning in the IT sector are scaling up their business processes globally and switching to cloud platforms, the industry demand for a secure and robust WAN architecture to attain improved network performance and high connectivity increases.

The global Software-Defined Wide Area Network market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the Software-Defined Wide Area Network applications, owing to the outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the Software-Defined Wide Area Network market in North America.

The major players of the global Software-Defined Wide Area Network market areCisco, VMware, Aryaka Networks, Silver Peak, Nokia, Huawei, Infovista, Oracle, Citrix, Fortinet, HPE, Juniper, Fatpipe, CloudGenix, Versa Networks, Riverbed, Adaptiv Networks, Peplink, and more. The Software-Defined Wide Area Network market is fragmented with the existence of well-known global and domestic players across the globe.