Software-defined Wide Area Network Market – Top Insights On Industry Analysis


The global software-defined wide area network market worth will grow by USD 4.16 billion during 2019-2023.



Industry Overview
The optimization of network using advanced technologies has been identified as one of the critical software-defined wide area network market trends. Market vendors are increasingly incorporating advanced technologies, such as AI and ML, to overcome the challenge of network management. The applications of AI in IT operations, such as configuration management and root cause analysis (RCA), is increasing. The adoption of AI in SD-WAN solutions will enable the automation of critical tasks, such as event correlation, fault detection, fault isolation and remediation, effective bandwidth utilization, and trend detection. The increasing adoption of advanced technologies will help in WAN optimization, network management, and fault prediction and consequently boost the demand for SD-WAN solutions.
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The rising demand for cloud solutions will also be a significant factor contributing to the growth of the software-defined wide area network market. Traditional WAN does not support the adoption of cloud solutions and results in network congestion and network reliability and latency issues. Hence, enterprises and service providers are increasingly adopting cloud-based SD-WAN solutions to enhance their scalability, efficiency, and agility. The adoption of cloud solutions will also help enterprises to reduce their CAPEX and OPEX. These benefits have boosted the demand for cloud-based SD-WAN from various end-user industries, including BFSI, content and digital media, retail, and manufacturing. The rising demand for cloud solutions will fuel the demand for SD-WAN. This software-defined wide area network market forecast predicts that though the growth momentum of the market will decelerate, it will register a CAGR of almost 32% during the forecast period.

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