SD WAN Managed Services Market
SD WAN Managed Services Market By Component (SD-WAN Edge , SD-WAN Controller , Service Orchestrator , SD-WAN Gateway , Subscriber Web Portal ), By Organization Size (Large Enterprises , Small and Medium Enterprises)- Global Review 2021 to 2031
SD WAN Managed Services Market Overview
As per the latest research done by the Fact.MR, over the historical period of 2016-2020, the Software-Defined Wide-Area Networking (SD-WAN) industry growing at a fast pace is expected to surpass US$ 10,300 Mn valuation by 2031 forecast period. However, during the forecast period, the demand for SD-WAN Managed Services is projected to grow at a moderate to high CAGR. This increase is anticipated because, in the current scenario, many industries and software firms are showing enthusiasm in purchasing SD-WAN Managed Services (MS).
The penetration of SD-WAN into several industries is due to the fact that conventional WAN architecture has latency and stability problems when connecting to data centers and cloud-based applications. However, SD-WAN MS not only overcomes these problems but also provide various add-ons like security, underlay & overlay connectivity and many others, which is bolstering the demand for SD-WAN.
What are driving and challenging factors for SD WAN Managed Services market?
Many private and governments have invested in broadband networks that would drive SD-WAN MS penetration by replacing costly MPLS with low-cost broadband connections. At present, the Federal Communications Commission (FCC) allotted US$ 4.9 billion in August 2019 to be spread over ten years to extend rural broadband coverage in approximately 39 states of the US. The funding allowed internet service providers to choose any broadband infrastructure that met the FCC's efficiency requirements for fixed network services. Government policies that are inclusive of the regional economy are propelling it forward.
SD-WAN Managed Services' accelerated resource allocation mechanism is one of the prominent growth drivers for this industry. Furthermore, the flexibility to scale up the network as a requirement, dynamically optimize the required specifications and reduce network access support costs are also the factors that are surging the demand for this industry.
The key players of the IT industry are expanding their global operations and drifts to cloud networks, also the consumer need for a stable and reliable WAN architecture to achieve high bandwidth and boost network capacity is anticipated to show an escalated growth rate. With changing market and infrastructure requirements such as the adoption of cloud services, the increase of security risks, and the fragmented manageability of different branches, challenges in IT businesses are rapidly growing. This brings the need for software-defined applications, which enable them to solve these challenges.
The new OSS/BSS systems, which are insufficient, are a constraint for the SD-WAN managed services industry. Some of the other constraints for the SD-WAN managed services industry include alignment with legacy networks, requirements that are inadequate or lacking, network providers that are not strategically committed to the job, and implementation financing constraints. These factors for SD-WAN MS are prime challenges for demand growth.
Regional Outlook of global SD WAN Managed Services market:
The SD-WAN MS market is dominated by the North American region. Increased mobile usage, accelerated deployment of cloud computing services and substantial developments in broadband networks are projected to drive demand growth in North America. Furthermore, the increasing pattern of worker mobility is fueling the demand for a centralized network management system that provides organizations with complete control over their networks.
The virtual appliance segment in China is expected to expand at an escalated growth rate during the forecast period, owing to the increased implementation of virtual network technologies. The need for virtual appliances is expected to grow in the coming years because many organizations move their workload to the cloud to enable unified network management and better performance. This factor is propelling the demand for SD WAN MS in China region.
Due to various increasing demand for bandwidth-intensive applications, the IT and telecom sectors dominated the India SD-WAN MS market. Smartphone use has resulted in an improvement in the use of bandwidth-intensive devices. This complicates matters for telecom operators, who are still constrained by rigid Multiprotocol Label Switching (MPLS) bandwidth limits.
Who are the key service providers of SD WAN Managed Services market?
The SD WAN Managed Services market is a fragmented, hence, the market comprises of more number of regional and international players at the market. Some of the leading service providers of this market are
- Silver Peak
- Versa Networks
- VMware Inc.
Key service providers are actively operating with the objective of achieving a significant share of the market, using both organic and inorganic growth strategies. The main objectives were services launch, collaboration, acquisition, and progressively improving their architecture and others.
Avail customized purchase options for your needs
SD WAN Managed Services Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation Analysis of SD WAN Managed Services Market
The global SD WAN Managed Services market is bifurcated based on component, organization size, deployment model, verticals and geographic regions.
Based on Component:
- SD-WAN Edge
- SD-WAN Controller
- Service Orchestrator
- SD-WAN Gateway
- Subscriber Web Portal
Based on Organization Size:
- Large Enterprises
- Small and Medium Enterprises
Based on Deployment Model:
- Cloud Based
Based on Verticals:
- IT & Telecommunication
Based on geographic regions, SD-WAN Managed Services market is segmented as follows:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- Australia and New Zealand (ANZ)
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
Genetic Testing Services Market is poised to grow at a CAGR of 7.6% & reach a value of US$ 64.1 Bill...
Cloud Managed Services Market is projected to reach nearly US$ 237 Bn in 2032. Managed infrastructur...
IT Operations and Services Management (ITOSM) Market is expected to reach US$ 53.2 Billion by 2032. ...