Published Date: 2020-12-23
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According to the Graphical Research new growth forecast report titled “Asia Pacific Software-Defined Wide Area Network (SD-WAN) Market Size By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing)”, Estimated To Exceed USD 5 Billion By 2026
The growing adoption of cloud computing technology and favorable government initiatives for improving wireless connectivity in the region are expected to support the Asia Pacific SD-WAN market growth.
The APAC SD-WAN market growth is attributed to the extensive adoption of cloud services across various industry verticals. The growing uptake of virtualization and networking technologies is enabling enterprises to develop innovative SD-WAN services. For instance, in February 2019, Spectra, an Indian service provider, planned to offer Versa Network’s SD-WAN services to its customers in India. Under this partnership, Spectra is offering managed services, such as WAN and SaaS optimization, application-aware intelligent traffic routing, network security, and centralized management of applications to Indian enterprise customers.
The service segment is projected to grow at a CAGR above 65% in the APAC SD-WAN market over the forecast timeline due to growing demand to outsource the network management functions across the enterprises. Companies face multiple issues and complexities in in-house networking applications. In response, enterprises outsource their WAN infrastructure management to MSPs. These service providers assist in deployment of SD-WAN solution in in-house environment, enabling cost efficiencies to enterprises.
The hybrid deployment segment in the APAC SD-WAN market is witnessing an exponential growth rate of over 70% CAGR. The enterprise-wide need for enhanced scalability and flexibility for public cloud deployment is supporting the segment growth. The large enterprises emphasize on the hybrid deployment model to improve business application performance and efficiency. This also helps enterprises to host critical workloads through deploying on-premise cloud. The enterprises get benefit from enhanced security required for their sensitive information.
In the APAC SD-WAN market, the retail & consumer goods application segment is anticipated to witness significant growth from 2020 to 2026. The extensive penetration of smartphones and the growing E-commerce industry are contributing to the market growth. The companies are adopting SD-WAN solutions to strengthen their omnichannel strategies. In addition, the increasing deployment of digital platforms and IoT devices is driving enterprises to adopt SD-WAN solutions.
The companies operating in the APAC SD-WAN market are focusing on innovative new product development through strategic partnerships. For instance, in November 2019, Menlo Security, a cloud security provider, collaborated with VMware VeloCloud. This helped the company to transform its cloud SD-WAN solution with extended security. This also helped the company to provide secure optimization for internet breakouts.
Some of the key vendors in the APAC SD-WAN market include Aryaka Networks, Inc., Barracuda Networks, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Huawei Technologies Co., Ltd., Nuage Networks, Oracle Corporation, Riverbed Technology, Inc., Silver Peak, Versa Networks, VMware, Inc. and ZTE Corporation.
The Asia Pacific SD-WAN market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026 for the following segments:
Asia Pacific Software-Defined Wide Area Network (SD-WAN) Market, By Component
Asia Pacific Software-Defined Wide Area Network (SD-WAN) Market, By Deployment Model
Asia Pacific Software-Defined Wide Area Network (SD-WAN) Market, By Application
The above information has been provided for the following countries:
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