To accommodate the quick speed of digitalization and be ready for AI/ML applications, the market has seen a rise in the usage of SD-WAN. In 2023, the SD-WAN market expanded by about 30%, and by 2028, it will have doubled in size to reach $7 billion, according to a recently published analysis by the founding analysts of 650 Group.
As clients seek to the technology to assist manage an ever-changing multi-cloud environment, the SD-WAN industry is growing, according to Alan Weckel, a founder analyst at 650 Group. “Supporting employees at different locations and applications has become critical for many enterprises since the COVID-19 pandemic and the work from anywhere phenomenon began.”
With differing degrees of success, according to 650 Group, vendors like Cisco, Fortinet, and HPE Aruba are addressing SD-WAN with a combination of networking, security, and best-of-breed solutions.
Cisco, Fortinet, HPE Aruba, Huawei, Versa, VMware
Vendor market shares and long-term SD-WAN market predictions are included in 650 Group’s quarterly SD-WAN study. Along with regional market shares and estimates, the paper examines how adoption varies by region in China, Europe, and North America.
Subscriptions would account for a significant amount of income in the SD-WAN business, in contrast to other corporate industries where actual hardware continues to be prominent. Because of this, the top six vendors – in alphabetical order: Cisco, Fortinet, HPE Aruba, Huawei, Versa, and VMware – remain at the top of the market. Customers also find the distinctive characteristics in each vendor’s products appealing, stated 650 Group.
Businesses may manage network connection across numerous sites with a transformational approach thanks to SD-WAN, or Software-Defined Wide Area Network. SD-WAN offers more flexibility via the use of cloud-native technologies, enabling quick deployment and centralized management of network resources. It enhances overall network speed and reliability by automatically directing traffic over the most efficient pathways and optimizing bandwidth use. Because there is less reliance on pricey proprietary equipment and conventional WAN technologies, this would lower operating expenses.
Additionally, the flexibility and strong security characteristics of SD-WAN may help companies on their road toward digital transformation by allowing them to expand and easily adjust to evolving IT infrastructure needs.
650 Group is a global provider of market intelligence research services for the cloud, data center, and communications industries. Their crew is actively engaged in standards organizations, has worked in the technology business, and has decades of combined research expertise.
