Managed SD-WAN Market Outlook
According to the report by Expert Market Research (EMR), “The Global Managed SD-WAN Market Size, Share, Analysis, Report and Forecast 2024-2032″,the global managed SD-WAN market is projected to grow at a CAGR of 31.6% between 2024 and 2032. Aided by growing adoption of advanced technologies and growing emphasis on security, the market is expected to grow significantly by 2032.
SD-WAN is a transformative approach to simplify branch office networking and assure optimal application performance. It provides enterprises with the flexibility to leverage any combination of transport services, including MPLS, LTE, and broadband internet services, to securely connect users to applications. This results in improved performance, reduced costs, and enhanced security.
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The growing adoption of cloud-based applications and the Internet of Things (IoT) is a primary factor driving the global managed SD-WAN market growth. As enterprises move their operations and applications to the cloud, they require efficient and robust networking solutions that can handle the increased network traffic and complexities. SD-WAN addresses these requirements, offering a scalable and flexible solution that can accommodate evolving business needs.
Additionally, the rise in remote working due to the global pandemic has led to a surge in managed SD-WAN market demand. With remote workers accessing company resources from various locations, businesses need a networking solution that can provide secure and reliable connectivity, regardless of location. SD-WAN offers this functionality, contributing to its increasing popularity.
The expanded use of SD-WAN in various industries also significantly propels the market growth. In sectors like retail, healthcare, and manufacturing, where multiple branches need to be interconnected and managed effectively, SD-WAN proves to be a beneficial solution. It allows businesses to manage network policies efficiently, ensure secure connectivity, and optimise network performance.
Further, the rise of digital transformation in enterprises boosts the managed SD-WAN market expansion. Companies undertaking digital transformation initiatives often need to overhaul their network infrastructure to support new business applications and models. Here, SD-WAN emerges as a critical solution, allowing enterprises to evolve their networks without significant hardware investments. The market is poised for substantial growth, driven by factors like increasing cloud application usage, growing remote workforce, rising digital transformation, and the need for flexible and scalable network solutions.
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Managed SD-WAN Market Segmentation
The market can be divided based on type, deployment type, enterprise size, industry vertical, and region.
Market Breakup by Type
- Standard Service
- Professional Service
Market Breakup by Deployment Type
- On-Premises
- Cloud-Based
Market Breakup by Enterprise Size
- Small and Medium Enterprise
- Large Enterprise
Market Breakup by Industry Vertical
- Manufacturing
- BSFI
- Construction
- Healthcare
- Transportation
- Education
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Managed SD-WAN Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global managed SD-WAN companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- AT&T Inc.
- Tata Communications Ltd.
- Open Systems AG
- Cato Networks Ltd.
- Blue Wireless
- Masergy Communications, Inc.
- Aryaka Networks, Inc.
- XRoads Networks, Inc. (ZeroOutages)
- Turnium Technology Group, Inc.
- Hughes Network Systems, LLC.
- Others
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