Summary: SD-WAN market worth $59.41 billion by 2032, driven by cloud adoption and remote work trends.
From GlobeNewswire: 2025-01-08 09:00:00
The Software-Defined Wide Area Network (SD-WAN) market was worth USD 5.19 billion in 2023 and is projected to reach USD 59.41 billion by 2032, with a CAGR of 31.14% from 2024 to 2032. As businesses seek efficient, secure, and cost-effective network solutions, the demand for SD-WAN technology is rapidly increasing due to the shift towards cloud and hybrid work environments. SD-WAN offers a centralized approach to WAN management, connecting users to applications securely over the internet, ensuring optimal performance for cloud-based services.
One of the key drivers of market growth is the need for high-performance, secure, and cost-effective networking solutions, which SD-WAN technology provides by offering a flexible and cost-efficient alternative to traditional MPLS circuits. The integration of cloud applications and the shift towards remote and hybrid work further accelerates the adoption of SD-WAN for secure connectivity and improved network performance. Technological advancements in SD-WAN, such as AI-based analytics and automation, enhance network management and optimize bandwidth usage, providing added benefits to businesses.
The integration of advanced security features like firewalls and encryption in SD-WAN solutions addresses the growing cybersecurity threats faced by organizations, further driving market growth. The combination of SD-WAN with emerging technologies like 5G and Edge paves the way for its application in sectors such as healthcare, manufacturing, and retail, expanding its reach and capabilities. The market is expected to continue growing as businesses leverage SD-WAN for secure connectivity, network security, and efficient cloud resource sharing.
North America led the SD-WAN market in 2023, accounting for over 35% of the revenue share, driven by the region’s early adoption of advanced networking solutions and the increasing demand for cloud applications and secure networking infrastructure across various sectors. The Asia-Pacific region is poised to experience the fastest CAGR during the forecast period, fueled by rapid digital transformation, growing internet penetration, and the expansion of small and medium enterprises. Emerging nations like China, India, and Japan are investing heavily in cloud infrastructure and advanced networking technologies, creating a high demand for SD-WAN solutions to support remote work, IoT adoption, and scalable networks. In May 2024, Juniper Networks launched Contrail SD-WAN 3.0 with advanced analytics and automation. In June 2024, Palo Alto Networks upgraded Prisma SD-WAN with AI-driven insights. Silver Peak introduced Unity EdgeConnect 6.0 in July 2024 for improved application performance. For more details on the software-defined Wide Area Network market, visit SNS Insider’s report at https://www.snsinsider.com/reports/software-defined-wide-area-network-market-2803. SNS Insider offers various consulting services, including Go To Market Assessment and Competitive Benchmarking.
Read more at GlobeNewswire: Software-defined Wide Area Network Market to Reach USD 59.4