The software-define wide area network (SD-WAN) market is expected to advance at a CAGR of 38.6% during the forecast period (2020–2030). At this rate, the market is expected to reach $43.0 billion by 2030 from $1.4 billion in 2019. The key factors driving the market growth include increasing penetration of internet, surging adoption of bring-your-own-device (BYOD) policy at workplaces, rising need for simplified enterprise network architecture, growing utilization of data and internet of things (IoT), escalating demand for network privacy, and rising deployment of cloud-based solutions.  

Another factor supporting the SD-WAN market growth is the surging requirement for network privacy and visibility. The increasing volume of data has increased the threat for a wide range of mission-critical assets like enterprise information and databases. Conventional WAN solutions are not qualified to protect the network from intensifying threats and are not sufficient to provide effective security control for cloud applications.

Deployment of SD-WAN solutions helps in measuring and monitoring network traffic and they also offer deep visibility to IT departments into WAN and enable them to rapidly pinpoint a security attack. Geographically, the North American SD-WAN market generated the highest revenue in 2019. This is attributed to the strong presence of established players, vast adoption of innovative technologies, high focus on the launch of advanced SD-WAN solutions, strong requirement of organizations to simplify their network operations, and extensive support from governments to set up 5G network infrastructure, in the region.

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In March 2020, the Federal Communication Commission (FCC) of the U.S. rolled out the National Strategy to Secure 5G that focuses on the development, implementation, and management of 5G communication infrastructure. Thus, the rising deployment of IoT and big data and the magnifying security threats are expected to boost the market in the foreseeable future.

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