Software-Defined Wide Area Network Market from training & consulting services are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers’ ability to leverage SD-WAN solution deployments, which will meet their business objectives. The service providers offer training & consulting services that help enterprises in deploying, implementing & operating solutions and also help them to use the best strategy to ease the process of network transformation.
Software-Defined Wide Area Network Market in manufacturing sector is anticipated to emerge as one of the most profitable application avenues. Undeniably, this growth can be credited to the surging popularity of IoT platforms deployed in manufacturing industries. With more and more smart devices and sensors being incorporated in manufacturing facilities, companies are, quite overtly, demanding accurate solutions that are able to deliver exceptional network visibility for end-point management.
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The solutions segment held a major market share in 2018 and is expected to maintain its dominance in the market with a share of over 63% in 2025. In this segment, physical appliances held a major market share of around 74% due to the extensive adoption of these appliances for SD-WAN deployment. As these devices are easy to deploy and do not require any additional expertise for deployment, the demand for physical appliances is expected to increase software-defined wide area network market over the forecast timeline.
The software-defined wide area network market in hybrid deployment model is projected to grow at a CAGR of over 62% over the forecast timeline. The hybrid architecture holds great potential for organizations that are particular about the security of their sensitive data. Organizations are deploying hybrid WAN, which provides them with efficiencies in route selection and also improves business application performance by enabling path selection for traffic movement.
This sector, in the years to come, is anticipated will become even more complex with further diversification, deregulation, consolidation and globalization of the financial industry. Irrefutably, this complexity in the BSFI industry can be effectively addressed only by deploying SD-WAN solutions, which will augment the software-defined wide area network market share from BFSI applications in the coming years. Of late, the modern banking industry is also remnant of extensive diversification, as is observed by the penetration of some select banks in the domains of core investments, security underwriting, insurance, and portfolio management.
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The North America software-defined wide area network market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.
Endorsed by a mammoth application terrain, the global SD-WAN market is expected to traverse alongside a highly lucrative remuneration graph in the ensuing years. As per estimates, the valuation of the overall software-defined wide area network market would cross a colossal US$17 billion by 2025.
Chapter 7. Software-Defined Wide Area Network Market, By Application
7.1. Key trends, by application
7.2. IT & telecom
7.2.1. IT & telecom market estimates and forecast, 2014-2025
7.3.1. BFSI market estimates and forecast, 2014-2025
7.4.1. Healthcare market estimates and forecast, 2014-2025
7.5. Retail & consumer goods
7.5.1. Retail & consumer goods market estimates and forecast, 2014-2025
7.6.1. Government market estimates and forecast, 2014-2025
7.7.1. E Manufacturing market estimates and forecast, 2014-2025
7.8.1. Others market estimates and forecast, 2014-2025
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