North America Software Defined- Wide Area Network (SD-WAN) Market Size By Deployment Model (On-premise, Cloud, Hybrid), By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Regional Outlook (U.S., Canada), Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025

Published Date: July 2019 | Publisher: Graphical Research Report ID: GR1206 | Delivery : PDF

North America Software Defined- Wide Area Network (SD-WAN) Market is estimated to be over USD 300 million in 2018 and is expected to register a lucrative growth between 2019 and 2025 with a CAGR of over 55%.

North America Software Defined- Wide Area Network (SD-WAN) Market

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The market growth is attributed to the rise in the adoption of cloud computing platforms to facilitate workload migration and extensive R&D investments for the development of 5G networks. The businesses present in the region are rapidly migrating to cloud platforms to reduce the hardware procurement & maintenance costs. This has increased the demand for SD-WAN solutions, enabling them to easily manage and monitor diverse enterprise networks in a secure manner.

The virtual appliances segment in the North America SD-WAN market is expected to witness the fastest growth rate with a CAGR of over 70% over the forecast timeline. As these appliances offer various benefits compared to hardware appliances, such as faster deployment of SD-WAN technology and reduced CAPEX costs, the demand for such appliances will rise over the forecast timespan. To meet the demands of workforce mobility and business-critical applications, organizations are deploying virtual appliances that enable them to launch virtualized network services.

The hybrid deployment model is expected to witness a growth rate of over 60% over the forecast timeline due to the rising popularity of cloud services. The model combines the functionalities of both private and public cloud, thus acting as a viable option for enterprises that want to address challenges such as secure connectivity between sites, configuration issues in multi-vendor environments, and minimizing the cost of connectivity.

The companies present in the North America SD-WAN market are focusing on product portfolio expansion to gain more customers and market share in terms of revenue. For instance, in October 2018, CenturyLink, Inc. expanded its portfolio of SD-WAN solutions by introducing Managed Cisco SD-WAN, powered by Viptela. The company provided new services to customers across the U.S. and enabled them to achieve high network optimization to deliver improved performance. Some companies are also laying more emphasis on expanding their geographic presence in the international markets to stay ahead of their competitors.

Some of the companies operating in the North America 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.

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North America Software Defined-Wide Area Network Market Value 2019-2025

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