Asia Pacific Software Defined- Wide Area Network (SD-WAN) Market is estimated to be over USD120 million in 2018 and is expected to grow at a CAGR of over 60% from 2019 to 2025.
Favorable government initiatives to support digitalization in India, China, and Southeast Asia are also spurring the SD-WAN market growth. As the adoption of digital platforms increases, enterprises face challenges related to the management of omnichannel environments. This compels them to adopt SD-WAN solutions to control how various applications and devices are managed. Massive investments in the telecom infrastructure and increased reliance on cloud platforms are expected to accelerate the Asia Pacific SD-WAN solutions market growth.
In the Asia Pacific SD-WAN market, the manufacturing sector is expected to witness the fastest growth rate of 65% over the forecast timeline. Rising investments by government agencies in countries including China, India, Singapore, and Indonesia to promote Industry 4.0 initiative resulted in an increase in the number of connected devices in manufacturing facilities. This has augmented the deployment of SD-WAN solutions, enabling manufacturers to simplify network management.
China holds the major portion of the Asia Pacific SD-WAN market share in 2018 due to advanced broadband infrastructure, rising cloud adoption, and proliferation of IoT platforms. The Ministry of Industry and Information Technology (MIIT), China has set a target to reach over 600 million connections by 2020 across the nation. The significant rise in M2M communications across various industry verticals increases the demand for SD-WAN to enable easy management and monitor connected devices for increased reliability.
The companies present in the Asia Pacific SD-WAN market are introducing new products with enhanced capabilities to expand their product portfolio. For example, in August 2018, Cisco Systems and Sify Technologies introduced managed & secure SD-WAN service for Indian enterprises. The new service enables enterprises to deliver hybrid WAN and provides them the flexibility to transition from their existing networks to secure SD-WAN platforms. In March 2018, SK Holdings chose Aryaka’s SD-WAN solution to enhance connectivity and application performance for enterprises with offices in South Korea. As businesses in the country are migrating their workload to the cloud, they need a reliable WAN infrastructure that will deliver high network performance for cloud-native networks.
Some of the companies operating in the Asia Pacific SD-WAN market are Infovista, Aryaka Networks, Inc., Cato Networks, Citrix Systems, Inc., FatPipe Networks Inc., Huawei Technologies Co., Ltd., Berkshire Partners LLC (Masergy Communications), Barracuda Networks, Inc., CloudGenix Inc., Nuage Networks, Elfiq Networks, Peplink, Ecessa Corporation, Riverbed Technology, Inc., Silver Peak, Vmware, Inc., Cisco Systems, Inc., Versa Networks, Oracle Corporation, and ZTE Corporation.