Managed SD-WAN Services, Global, 2024

Managed SD-WAN Services, Global, 2024

Managed SD-WAN Services are Gaining Significance in Network Service Providers' Growth Strategies

Software-defined wide-area network (SD-WAN) solutions continue to gain traction among enterprises trying to achieve network agility, cost containment, and consistent and secure app performance at the edge and branch locations. SD-WAN enables organizations to flexibly route traffic over network technologies based on their application needs. SD-WAN functionality is now coupled with security solutions on virtual or physical devices at the corporate edge or in the cloud. As organizations seek to optimize their networks across more locations, they are increasingly opting for a managed service rather than deploying and managing the appliances and software on their own. In a fully managed service, the provider manages all aspects of the solution, although the customer still retains visibility into network performance characteristics. In a partially or co-managed service, the enterprise IT team retains control of some aspects, such as policy management and troubleshooting.

In this tracker, Frost & Sullivan provides market sizing, revenue, and port forecasts for the global managed SD-WAN market, which is expected to register a compound annual growth rate (CAGR) of 17.6% from 2023 to 2028. The study also looks at revenue and site figures by region, geographically categorizing the market into Asia-Pacific, Latin America, Europe, and North America.

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