Global Managed SD-WAN Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Managed SD-WAN Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Software-defined WAN (SD-WAN) is a virtualized WAN connection, and its function is equivalent to an overlay layer containing all existing network connections. It simplifies the management of the network by using intelligent routing to send data packets on the route as efficient and secure as possible. Traditional WAN forces all data to follow a strictly defined path, while SD-WAN pays more attention to results. It optimizes routing paths according to business priorities and bandwidth requirements, which allows organizations to dynamically manage traffic to ensure a high level of SD-WAN security and performance. For many companies, the fastest and most effective way to get an SD-WAN up and running is to partner with a managed services provider who specializes in setting up and managing SD-WAN architecture. SD-WAN technology providers and Managed SD-WAN service providers will help organization construct the right SD-WAN configuration, optimized for efficiency.

Market Overview:

The latest research study on the global Managed SD-WAN market finds that the global Managed SD-WAN market reached a value of USD 9130.0 million in 2022. It’s expected that the market will achieve USD 29111.79 million by 2028, exhibiting a CAGR of 21.32% during the forecast period.

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities. For Managed SD-WAN industry, the downstream enterprises temporarily do not have enough funds to invest in network solutions.

However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.

Enterprises need secure access to their applications and data from anywhere, anytime, through any device and through any network

Companies around the world are rapidly digitizing their business. Increasingly, their digital strategies include the transition of business tools, applications and processes to a multicloud environment, including a hybrid combination of applications and data hosted in one or more public clouds and the company's own private data center. Digital enterprises need secure access to their applications and data from anywhere, anytime, through any device and through any network. The traditional WAN architecture model can't provide the scale, flexibility or agility needed to support this transition. Therefore, these enterprises need to find a new and simplified automation approach to manage and transform their WAN. SD-WAN brings intelligence to the network, gives enterprise immediate visibility and control of network traffic and can provide a lower-cost alternative to traditional networking. It helps business respond quickly to environmental shifts and external threats.

Advantages of Managed SD-WAN

One of the most important advantages of Managed SD-WAN is that it allows the internal IT team to continue to focus on high-value tasks, such as developing innovative new services that will help the business to grow continuously. In today's technology-driven service economy, high-quality information technology personnel provide key competitive advantages. Partnering with a managed SD-WAN service provider can ensure that the organization can release the necessary resources and make its technical team more efficient.

Lack of skilled or professional labor force

For enterprises, the labor cost will be more obvious. The main reasons for this high labor cost are as follows: Compared with legacy WAN alternatives, SD WAN architecture is much more complicated to manage. The network operations administrator needs to be trained to learn how to best monitor and troubleshoot the faults at the edge of the SD-WAN when problems occur. This includes monitoring the overlay network and the underlay network, cooperating with various carriers and carrier technologies to solve the problematic WAN links, and managing the packet-level priority across the WAN. Enterprises will pay higher wages if they want to hire them. Moreover, when the actual development experience of these talents is mature, enterprises need to pay higher wages if they want to retain these talents. Secondly, in order to cultivate the ability and level of the company's workers, it is necessary to train them regularly, or even go on business trips to study. However, a large amount of costs and expenses incurred in the process of personnel training can only be paid by enterprises themselves, thus increasing the cost burden of enterprises.

Region Overview:

North America dominated the Managed SD-WAN market in 2022, with a market share of 45.01%.

Company Overview:

Cisco is one of the major players operating in the Managed SD-WAN market, holding a share of 17.71% in 2023.

Cisco

Cisco was founded in 1984 by a small group of computer scientists from Stanford University. Since the company's inception, Cisco engineers have been leaders in the development of Internet Protocol (IP)-based networking technologies.

AT&T

AT&T Inc. is an American multinational conglomerate holding company that is Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas.

Segmentation Overview:

As for product types, the Service segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 56.16% in 2022.

Key Companies in the global Managed SD-WAN market covered in Chapter 3:

Hughes
Vmware
Vocus
Fortinet
Fujitsu Global
Silver Peak
Aryaka
Cisco
Nomios (Infradata)
AT&T
Telstra Global
Expereo
Versa Networks
Verizon

In Chapter 4 and Chapter 14.2, on the basis of types, the Managed SD-WAN market from 2018 to 2029 is primarily split into:

Product
Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Managed SD-WAN market from 2018 to 2029 covers:

SMEs
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)