June 29, 2022
According to the research report titled ‘Global Secure SD-WAN Market 2022-2028’, available with MarketStudyReport, global secure SD-WAN market was worth USD 1557 million in 2021 and is anticipated to progress with a CAGR of 26.7% during 2022-2028 to amass a valuation of USD 8161 million by the end of stipulated timeframe.
As per credible estimates, distributed enterprises with several remote offices are transitioning from performance-inhibited wide-area networks (WANs) to SD-WAN (software defined WAN) owing to growing demand for cloud-based applications and tools, which is the major growth determinant for global secure SD-WAN market.
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For those unaware, to deliver a security-driven WAN edge, secure SD-WAN combines best-of-breed next-generation firewall security, enhanced routing, and WAN optimization. It integrates the SD-WAN and security capabilities into one package. It can be deployed entirely in the branch and in the cloud, or in a hybrid mode. SD-WAN eliminates the difficulties of management, network configuration, and optimization for WAN networks.
Furthermore, ability of SD-WAN to deliver strong branch connectivity over traditional WAN designs by effectively increasing network capacity and lowering overall capex is augmenting industry outlook.
Notably, the advent of COVID-19 pandemic has positively influenced worldwide secure SD-WAN market dynamics in the recent past, on the back of soaring demand of advanced networking solutions for work from home setups. However, according to networking specialists, lack of quality service may hamper the industry trends in the coming years.
Based on product terrain, the market is split into DIY secure SD-WAN and managed secure SD-WAN. Among these, DIY secure SD-WAN segment amassed significant gains in 2021.
Regionally, the top trends are studied across Europe, Asia Pacific, and North America, and rest of the world. The report also consists of major regional drivers, along with the regional contribution to the market development.
Competitively speaking, VMware, Inc., Versa Networks, Inc., Palo Alto Networks, Inc., Nuage Networks (Nokia), Huawei Technologies Co., Ltd., Fortinet, Inc., Forcepoint LLC, Citrix Systems, Inc., and Cisco Systems, Inc. are the leading players in worldwide secure SD-WAN marketplace. In addition, the document analyses competitive trends of the market such as mergers and acquisitions, distribution, R&D activities, and collaboration.