SD-WAN Market Recent Trends, Developments, Challenges and Opportunities

With the generation and utilization of huge amounts of data across the world, a large number of mission-critical assets such as enterprise information, databases, and applications are becoming highly vulnerable to unauthorized access. Moreover, the conventionally used wide-area network (WAN) solutions don’t have the capability to protect the network from various security threats and provide adequate security for several cloud applications.

This is fueling the demand for software-defined WAN (SD-WAN) solutions as they assist in measuring and monitoring network traffic. Moreover, these solutions enable the information technology (IT) professionals to gain deeper visibility into WAN, which, in turn, helps them quickly identify the location of a security attack, thereby ensuring greater protection of various enterprise software and operations.



Besides these factors, the increasing use of big data and the internet of things (IoT) is also fueling the demand for SD-WAN solutions across the globe. This is because these solutions assist in managing the various challenges associated with big data and IoT such as high implementation costs and data privacy via centralized control and management, risk minimization, and zero-touch provisioning.

Additionally, the increasing migration of businesses from conventional WAN infrastructure to cloud-based solutions is also propelling the expansion of the global SD-WAN market, as a result of which, the market revenue is expected to grow from $1.4 billion in 2019 to $43.0 billion by 2030. Furthermore, the market is expected to progress at a CAGR of 38.6% from 2020 to 2030 (forecast period). Depending on offering, the market is divided into service and solution categories.

Hence, it can be said without any hesitation that the demand for SD-WAN solutions will surge sharply in the upcoming years, primarily because of the rising incidence of cyber-attacks, growing use of IoT, and ballooning popularity of cloud computing across the world.

Comments

Post a Comment

Popular posts from this blog

Increasing Smartphone Usage Driving Enterprise Mobility Management Market Surge

Image
Owing to the increasing penetration of the internet, mushrooming use of smartphones, and growing enactment of the bring-your-own-device (BYOD) policy at workplaces in several countries, the global enterprise mobility management (EMM) market is expanding rapidly. According to the forecast of the market research company, P&S Intelligence, the value of the market reached $16 billion in 2020. The market is also expected to exhibit explosive growth during 2021–2030 (forecast period). In recent years, the penetration of the internet has surged sharply in several countries. According to the World Bank, around 49.0% of people all over the world were using the internet in 2017. This is fueling the demand for enterprise mobility management solutions and services. In addition, the rapid advancements being made in technologies, such as artificial intelligence (AI), and the surging number of smartphone users across the world are also propelling the requirement for EMM solutions. This is because...
Read more

Increasing Construction Activities Driving CAD Software Demand in India

Image
The expansion of the construction sector, on account of factors, such as the implementation of initiatives by the government for facilitating infrastructure development and increasing foreign direct investment (FDI), is fueling the demand for CAD software in India . According to the India Brand Equity Foundation (IBEF), India will be home to the third largest construction industry in the world by 2022. The organization also reported that the government allocated Rs. 111 lakh crore or USD 1.4 trillion under the National Infrastructure Pipeline (NIP) for FY2019–2025. The CAD software is being increasingly required in the construction industry for facilitating accurate designs and precise measurements, carry out advanced analysis of the designs, and spot flaws in the designs. Moreover, the CAD software enables construction managers to get a better insight into designs, reduce chances of error, achieve faster project completions, and higher project accuracy and efficiency. Therefore, with ...
Read more

Surging Deployment of Unified Communication Systems Driving Corporate Telephony Market

Image
A number of factors, such as the surging deployment of unified communication systems, increasing investments in corporate telephony, and rising need to improve productivity and reduce operational cost and time, are expected to drive the growth of the corporate telephony market during the foreseeable period (2021–2030). Moreover, the market is witnessing the increasing incorporation of the internet of things (IoT) with communication systems. IoT improves mobility and enables access to data virtually, by allowing data exchange among various divisions over a wireless network. This leads to better work scheduling and improved communication. The surging deployment of unified communication systems is one of the main factors boosting the growth of the corporate telephony market .   Organizations are rapidly adopting these systems to improve their communications and reduce their operational costs. Moreover, unified communication systems help organizations in improving the user experience,...
Read more