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Global WAN Optimization Solutions Market 2018-2022: Market to Grow at a CAGR of 18.43% - ResearchAndMarkets.com

[May 17, 2018]

Global WAN Optimization Solutions Market 2018-2022: Market to Grow at a CAGR of 18.43% - ResearchAndMarkets.com

The "Global WAN Optimization Solutions Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global WAN optimization solutions market to grow at a CAGR of 18.43% during the period 2018-2022.

Global WAN Optimization Solutions Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is development of smart cities. With the growing number of smart cities depending on public network Wi-Fi networks, the need for WAN optimization solutions has surged in the recent years to maximize the data flow across the wide area network connecting smartphones and automated home appliances.

According to the report, one driver in the market is increasing demand for data center. With the rising demand for storin data in disparate storage systems in varied geographic locations, the role of WAN optimization has become imminent in the recent years. WAN optimization speeds up the data transfer process by eliminating duplication of data, in turn, providing protection from cyber threats.

Further, the report states that one challenge in the market is high cost of WAN optimization. The global WAN optimization solution is capital-intensive. The primary cost inhibitors in deployment of WAN optimization technology are the cost of appliance purchases with annual software maintenance; the internal people cost of managing and maintaining the appliances; and the monthly cost of multiprotocol label switching (MPLS) service.

Key vendors