The global software-defined wide area network (SD-WAN) market generated a revenue of $1.4 billion in 2019, and it is predicted to attain a value of $43.0 billion by 2030. Furthermore, the market will progress at a CAGR of 38.6% between 2020 and 2030. The market is being driven by the growing demand for a simplified enterprise network architecture, requirement for a cost-effective WAN automation and management, surging internet penetration, and the rising popularity of the bring-your-own-device (BYOD) policy at workplaces.
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Thus, in order to solve these problems, enterprises are increasingly adopting SD-WAN solutions, as these solutions help in managing these hurdles via centralized management and control, risk minimization, and zero-touch provisioning (automatic configuration of devices with minimal human intervention). Another major market growth driver is the burgeoning requirement for network privacy and visibility. With the generation of huge volumes of data across the world, several mission-critical assets such as enterprise information, databases, and applications are becoming vulnerable to unauthorized access.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
