Software Defined Wide Area Network Market is predicted to see lucrative gains in the coming years owing to increasing penetration of of smart IoT devices in varied industry verticals, including retail and consumer goods, telecom, manufacturing, and healthcare has substantially increased security risks and network complexities. SD-WAN solutions play a vital role in this context, given that they help improve network visibility for the management of connected devices for reducing security risks, and address the complexities of the IoT infrastructure. The prevailing AI-enabled SD-WAN solutions would also boost the demand for SD-WAN as machine learning algorithms are broadly utilized for WAN optimization.
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 over the forecast timeline.
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Managed services in the software defined wide area network market is expected to grow at a CAGR of over 65% from 2019 to 2025. The demand for these services is expected to accelerate as organizations are outsourcing the implementation of their WAN infrastructure to managed service providers to reduce the complexities associated with the in-house WAN deployment. Managed services enable them to reduce their operational costs as the majority of the network functions are outsourced to third-parties. These factors are expected to drive the demand for managed services in the market.
The manufacturing sector is anticipated to emerge as one of the most profitable application avenues for the global software defined wide area network market. 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.
Training & consulting services in the software defined wide area network market 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.
The software defined wide area network market in Asia Pacific will show the fastest growth rate of over 61% over the forecast timeline. The market growth is driven by the growing adoption of cloud-based infrastructure by enterprises to achieve agility and improve application performance. The enterprises are adopting solutions to improve their network performance and reduce the complexity associated with the existing WAN infrastructure. Another factor accelerating market growth in the region is the adoption of network virtualization technologies to reduce the operational costs and enhance the automation of networks.
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.
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