Software-Defined Wide Area Network (SD-WAN) Market Size By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Appli

Software-Defined Wide Area Network (SD-WAN) Market Size By Component (Solution [Physical Appliance, Virtual Appliance], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud, Hybrid), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

The global software-defined wide area network (SD-WAN) market is poised to witness robust growth through 2032 credited to surging business responsiveness and agility.

5G is becoming more and more popular because of the demand for economical and flexible network management. The development of 5G networks and increasing investment in them will increase demand for SD-WAN products. A 5G-optimized software-defined wide area network solution will be made available, according to a November 2022 announcement from Cradlepoint, a provider of LTE and 5G wireless network solutions. The new solution, which is a component of NetCloud Exchange, an expansion of Cradlepoint's NetCloud system that integrates security, Zero Trust, as well as SD-WAN into a Wireless WAN architecture, bridges the gap between businesses and network operators.

The SD-WAN market has been divided in terms of component, solution, service, deployment mode, application, and region.

Based on solution, the virtual appliance segment is expected to grow at 70% CAGR from 2023 to 2032. The demand for virtual appliances is likely to rise throughout the forecast period, as most enterprises shift their burden to the cloud to allow centralized network management as well as improve performance.

With respect to deployment mode, the cloud segment is speculated to flourish strongly throughout the forecast period because it frees businesses from having to purchase and manage on-premises IT resources and allows for scalability to match workload and user demands.

In terms of application, the healthcare segment is projected to propel steadily over the research period since IT departments are implementing SD-WAN solutions to obtain visibility throughout the entire network and enhance network management as healthcare networks become more complex.

Meanwhile, the manufacturing segment is estimated to register high gains by the end of 2032 attributed to the increase in linked devices. Operators must make sure that all of the machines and tools are synchronized with one another due to the increase in production processes and techniques.

From the regional perspective, Europe held a 20% market share in 2022. The region's demand for SDN solutions is being driven by growing digitization and a high level of subscriber penetration. In addition, 5G services are being quickly adopted in the area. As a result, data traffic volume increases, which is expected to fuel market expansion through the forthcoming years.

In the meantime, the Middle East & Africa SD-WAN industry is anticipated to garner 70% CAGR from 2023 to 2032. Given the widespread absence of broadband infrastructure in the region, the MEA is quickly moving toward advanced mobile broadband services, with the rising popularity of smartphones playing a critical role in delivering internet access.