How would the rising demand for enhanced network management capabilities foster the global SD-WAN market size through 2026?

The global SD-WAN industry set to observe significant growth in the coming years owing to the rising demand for enhancing network management capabilities and simplifying the WAN (wide area network) infrastructure across businesses.

The growing need among enterprises to enhance application performance and curb overall IT-related costs is further complimenting the SD-WAN market size. Additional factors such as the rising need to decrease the operating as well as capital costs related to network infrastructure management would further provide a positive growth trajectory to the global SD-WAN industry share.

In addition, SD WAN technology can offer enterprises more options for vendor selection as well as connection type when designing their respective network architectures. Moreover, SD-WAN also offers other benefits such as increased bandwidth at a considerably lower costs, facilitating centralized management throughout branch networks, and providing full visibility throughout the network, which is increasing its adoption among numerous industries.

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According to a research report by Global Market Insights Inc., the global SD-WAN market is likely to exceed a valuation of $30 billion by 2026.

How is the manufacturing sector expected to fuel the global SD-WAN market size over the coming years?

The manufacturing sector is anticipated to grow at an unprecedented rate of more than 60% through the forecast timespan. This expansion can be attributed to the growing adoption of IoT devices throughout various production facilities. The SD-WAN technology helps firms stay competitive by improving their connectivity in remote locations.

Enterprises are also implementing SD-WAN solutions to offer optimized network connectivity to extensive machines and connected devices. Furthermore, due to the advancements in the production sector, several manufacturing companies are increasingly deploying advanced network solutions in order to simplify network management and carry out prioritization of the network traffic, thereby providing a positive impetus for market growth.

How would the hybrid cloud segment shape the global SD-WAN market through 2026?

The hybrid cloud deployment segment is anticipated to witness heavy growth over the projected timeframe since it allows firms to deploy their respective on-premise cloud to be able to host critical workloads. The hybrid cloud architecture integrates both public and private cloud architecture functionalities, which is a key factor promoting its deployment across businesses that are looking to leveraging both the aforementioned functionalities.

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An additional factor is that the hybrid cloud is an ideal fit for firms concerned about their data security. Hybrid WAN is also seeing an surge in its adoption since businesses are leveraging its efficiencies in terms of route selection to enhance business performance by allowing selection of path for the movement of the network traffic.

Why is the SD-WAN market proliferating in Europe?

Considerable private and government investments to fuel the adoption of IoT are projected to augment the Europe SD-WAN market outlook over 2020-2026. Citing an instance, in June 2018, the UK government committed to make an investment of $75 million as additional funding to support the development of IoT technologies across the country.

Additionally, several ongoing private and public investments in broadband and 5G network infrastructure are projected to influence the Europe SD-WAN market trends in coming years. Based on these expansion factors, the Europe SD-WAN market is slated to expand at a healthy CAGR of more than 60% over the projected timeframe.

Meanwhile, major market players are increasingly adopting various strategies such as acquisitions, and capacity expansion to set themselves ahead of the competition. Citing an instance, in January 2020, VMware acquired Nyansa, an AIOps Vendor to enhance its VeloCloud SD-WAN platform.

The competitive landscape of the global SD-WAN market has players like Oracle Corporation, Nuage Networks, Inc., Huawei Technologies Co., Ltd., Citrix Systems, and Cisco Systems among others.