December 6, 2019 by jphnmilton88
The SD-WAN market has emerged out of the early adopter stage and entered the growth stage of the product lifecycle. Key factors driving market adoption include cost savings from efficient usage of private and public networks, ability to optimize hybrid cloud connectivity, and application-aware routing. VeloCloud is named the global SD-WAN market leader with the highest revenues and customer site deployments.
The global software-defined wide area network (SD-WAN) market report looks at factors such as the rise in demand for cloud solutions, the surge in digital transformation, and the growing popularity of SD-WAN as a service. However, uncertainties in the implementation challenges, cyber-security challenges, and lack of technical skills may hamper the growth of the software-defined wide area network (SD-WAN) industry over the forecast period.
The software-defined wide area network (SD-WAN) market analysis considers sales from both service providers and enterprise customers.
In 2018, the service providers segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing demand for managed services and a reduction in operational costs and labor costs will play a significant role in the service provider's segment to maintain its market position.
Global Software-Defined Wide Area Network (SD-WAN) Market: Overview
Read more: Benefits Of SD-WAN