The Global Software-Defined Wide Area Network (SD Wan) market is forecast to reach USD 14.95 Billion by 2028, according to a new report by Reports and Data. The Software-Defined Wide Area Network market can be seen to experience continuous growth during the forecast period. One of the major driving factors for the growth of the market is the drastic shift and adoption of SD Wan solutions by enterprises. The shift to SD Wan solutions has been the result of increased demand for low infrastructural maintenance, which can be addressed by the SD Wan solution. In traditional Wan infrastructure, the cost of hardware appliances required for connecting to remote locations was high. With the help of deployment of SD Wan solutions, organizations can effectively minimize these expenses, which has resulted in increased demand for SD Wan solutions that are contributing to the expansion of the market.

The growth of the market is also attributed to the extensive adoption of cloud services like IaaS, PaaS, SaaS in different branch locations of enterprises. While adopting cloud services, SD Wan solutions turn out to be useful in connecting devices and users from different locations directly to cloud data centers and ensure security and optimization of connections. The networking of these organizations can also be easily managed with the help of the solution. Thus, increased adoption of cloud services has a positive impact on the growth of the SD Wan market.

In regards to the regional growth of the market, Asia Pacific is forecast to witness the highest growth rate during the forecast period. The growth rate of the Asia Pacific region is the result of the rise in incorporation of cloud-based infrastructure among enterprises in this region and emphasis on adoption of network virtualization technologies for minimizing operational costs of networks.

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The global Software-Defined Wide Area Network (SD WAN) market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Software-Defined Wide Area Network (SD WAN) industry and offers the reader a competitive advantage to stay ahead of the other players.

Further key findings from the report suggest

The Software-Defined Wide Area Network (SD Wan) market held a market share of USD 2.11 Billion in the year 2020 with a growth rate of 27.8% during the forecast period.
In regards to Component, the Solutions segment dominated the market that generated a higher revenue of USD 0.98 Billion in 2020 with a CAGR of 26.7% during the forecast period. Various advantages associated with SD Wan solutions like the effectiveness of solution in connecting remote users and devices directly to the cloud, ascertaining the security of the connection and resolving issues with the Internet of things have resulted in its increased incorporation in the operation of enterprises, contributing to the revenue generated by this segment.
In context to Network type, the Broadband segment is forecast to generate the highest revenue of USD 14 Billion by 2028 with a growth rate of 28.0% during the forecast period. Revenue generated by the segment is the result of the shift to broadband WAN among enterprises wherein SD Wan is useful in physical or virtual appliances incorporated in their branch offices. Such effectiveness of SD Wan solutions has resulted in its increased demand in this network type, contributing to the revenue generated by this segment.
In regards to Application, the Physical segment generated the highest revenue of USD 0.95 Billion in 2020 with a CAGR of 28.0% during the forecast period. The fact that most of the SD Wan functionality is contained in physical appliances including dynamic path routing, firewalls, and WAN optimization, it results in its increased demand over other applications that contributes to the revenue generated by this segment.
In regards to end-user, the IT and telecom segment leads the market occupying the largest market share of 38.0% in 2020 with a CAGR of 28.2% during the forecast period. The market share held by the IT and telecom segment is the result of significant advancements in this sector and the rise in demand for enhanced bandwidth for superior performance of applications.
In regards to the region, Asia Pacific is forecast to experience the highest growth rate of 29.4% during the forecast period. The growth rate of the Asia Pacific region is the result of the incorporation of cloud-based infrastructure among enterprises and emphasis on adoption of network virtualization technologies for minimizing operational costs of networks in the region.
Key participants include Aryaka, Cisco, Viptela, VMware, Silver Peak, Nokia, Huawei, Oracle, Infovista, Riverbed, and
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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.

Regional analysis covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America(Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Software-Defined Wide Area Network (SD WAN) Market Segmentation:

Component Type Outlook (Revenue, USD Billion; 2020-2028)

Solutions
Appliances
Software
Services
Implementation
Consulting
Support and Training
Communication service provider (CSP) SD-WAN managed services
Cloud-managed SD-WAN

Network type Outlook (Revenue, USD Billion; 2020-2028)

Broadband
Long-Term Evolution
Multiprotocol Label Switching
Hybrid

Deployment type Outlook (Revenue, USD Billion; 2020-2028)

Cloud
On-Premises

Application Type Outlook (Revenue, USD Billion; 2020-2028)

Virtual
Physical
Hybrid

End-user Type Outlook (Revenue, USD Billion; 2020-2028)

IT and telecom
Healthcare
Manufacturing
BFSI
Government
Others

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