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Software-Defined Wide Area Network (SD-WAN) Market by Component, Deployment Type, Technology Service, Vertical & Region - Global Forecast to 2021 - Research and Markets

[December 22, 2016]

Software-Defined Wide Area Network (SD-WAN) Market by Component, Deployment Type, Technology Service, Vertical & Region - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "Software-Defined Wide Area Network (SD-WAN) Market by Component, Deployment Type, Technology Service, Vertical, and Region - Global Forecast to 2021" report to their offering.

The Software Defined WAN Market is expected to grow from USD 738.9 Million in 2016 to USD 9,066.2 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 65.11% during the forecast period. A rising need for SD-WAN solutions, effective management of network, and need of security are increasing the demand for SD-WAN in the market.

Growing demand for Software-Defined Wide Area Network (SD-WAN) applications, strategic business processes, and the need for connected devices are driving the SD-WAN market

The SD-WAN market is driven by factors, such as increasing need for mobility services, reduced operating expenditures, and the need for simplified network architecture. Howevr, the SD-WAN market lacks in security standards, such as lack of network synchronization and security administration at every level of the network.

North America is expected to hold the largest market share in 2016, while APAC is the fastest growing, in terms of CAGR. Factors, such as improving IT infrastructure, growing internet penetration, and increasing number of connected devices are supporting the growth of the SD-WAN market in APAC.

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