TMCnet News
SD-WAN Market Size Forecasts to grow from USD 738.9 million in 2016 to reach USD 9,066.2 million by 2021LONDON, April 24, 2017 /PRNewswire/ -- "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" "North America is expected to have the largest share of the market, whereas Asia-Pacific (APAC) is projected with the highest growth rate" 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. The break-up of profiles of primary participants is given below as: - By Company Type: Tier 1 – 18%, Tier 2 – 31%, and Tier 3 – 51% - By Designation: C level – 42%, Director level – 33%, and Others – 25% - By Region: North America – 47%, Europe – 31%, APAC – 14%, and the Rest of the World (RoW)- 8% SD-WAN has enabled improved transport options, including 3G, 4G LTE, MPLS, Wi-Fi, better security, intelligent pathway control, and auto network management. The increasing usage of SD-WAN among Small and Medium Enterprises (SMEs) has further enhanced the demand for it, across many verticals. The various key SD-WAN vendors and service providers profiled in the report are as follows: 1. Cisco Systems, Inc. (U.S.) 2. Citrix Systems, Inc. (U.S.) 3. Aryaka Networks, Inc. (U.S.) 4. CloudGenix, Inc. (U.S.) 5. Ecessa Corporation (U.S.) 6. Silver Peak Systems, Inc. (U.S.) 7. VeloCloud, Viptela, Inc. (U.S.) 8. Elfiq Networks, Inc. (Canada) 9. Peplink (Hong Kong) 10. Versa Networks (U.S.) To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sd-wan-market-size-forecasts-to-grow-from-usd-7389-million-in-2016-to-reach-usd-90662-million-by-2021-300444681.html SOURCE ReportBuyer |