Manufacturing sector in software-defined wide area network (SD-WAN) market is projected to grow at an unprecedented rate of more than 60% over the forthcoming timespan. This segment expansion can be ascribed to the increasing adoption of IoT devices across the industry’s production facilities. Installation of SD-WAN technology helps companies stay competitive by enhancing the connectivity in remote areas.

In addition, several ongoing private and public funding in future-ready broadband and 5G network infrastructure is expected to further push the Europe SD-WAN market trends. Based upon these proliferation factors, the Europe SD-WAN market is poised to grow at a healthy CAGR of more than 60% over 2020 - 2026.

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The software-defined wide area network (SD-WAN) market is likely to surpass a valuation of $30 billion through 2026.

The global SD-WAN market is slated to foresee substantial growth over the coming years primarily due to the increasing demand for improving network management capabilities as well as simplifying the WAN (wide area network) infrastructure across companies.

Hybrid cloud deployment segment in software-defined wide area network (SD-WAN) market is projected to expand rapidly through the coming years, primarily because it allows companies to deploy on-premise cloud to host crucial and significant workloads. Hybrid cloud architecture is a combination of both public and private cloud, which is a major factor augmenting its deployment across industries that are looking to leverage both private and public cloud functionalities.

The increasing inclination of enterprises towards the implementation of SD-WAN technology in efforts to enhance application performance and cut overall IT-related expenditures is further complementing the software-defined wide area network (SD-WAN) market size. In addition, the increasing need to decrease the operating and capital expenditures related to network infrastructure management is also augmenting the global SD-WAN industry size.  

From a regional reference point, substantial government and private investments to drive the adoption of IoT are projected to fuel the Europe software-defined wide area network (SD-WAN) market share through 2026. Taking June 2018 for instance, the UK government committed to investing $75 million as an extra investment to accelerate the development of IoT technologies in the country.

The competitive landscape of the software-defined wide area network (SD-WAN) market is inclusive of players such as Oracle Corporation, Nuage Networks, Inc., Huawei Technologies Co., Ltd., Citrix Systems, Inc., and Cisco Systems among others.

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In addition, hybrid cloud architecture is also a perfect fit for companies concerned about their data security. Companies are also adopting hybrid WAN in order to enhance business performance by enabling path selection for the movement of traffic and capitalize on hybrid WAN’s efficiencies in selection of the route.

In addition, companies are also adopting SD-WAN solutions to offer optimized network connectivity to connected devices and extensive machines. Owing to the advancements in the manufacturing sector, numerous manufacturing enterprises are increasingly deploying advanced network solutions to simplify network management and conduct prioritization of the network traffic, thereby providing a positive growth trajectory for the overall market outlook.

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