March 02, 2020
According to the research report titled ‘North America Software Defined- Wide Area Network (SD-WAN) Market Size By Deployment Model, Component, Application, Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, North America software defined – wide area network (SD-WAN) market is set to record lucrative growth by the year 2025.
According to the report, software defined - wide area network industry in North America is expected to cross USD 5 billion by the year 2025. Growing demand for next-gen 5G network solutions is a major factor driving the market growth in North America. There has been an upsurge in adoption rates for 5G technology which has allowed for effective allocations of network resources. This factor along with surging investments in 5G network trials is further aiding the market expansion.
The report states that managed solutions segment of North America SD-WAN market is presumed to expand significantly during the estimated timeframe. Growing inclination towards outsourcing WAN solutions in order to reduce the difficulties associated with in-house deployment is fueling the segmental growth. Various enterprises are focusing on adopting SD-WAN solutions in order to complement the evolving technological landscape. Moreover, managed solutions facilitate in overcoming challenges including software licenses upgrade and improving hardware platforms. Thus, aforementioned factors are stimulating the industry outlook.
By deployment model, hybrid cloud deployment model market segment will witness lucrative growth in the forthcoming years. This technology enables organizations to deploy on-premise cloud solutions in order host significant workloads. Increasing deployment of hybrid WAN technology along with rising adoption of third-party public cloud services to manage less-critical resources are facilitating the business scenario.
Considering the geographical landscape, the report cites that the U.S. software defined – wide area network industry is expected to record 55% CAGR during the period of 2019-2025. Surging investments in broadband infrastructure and rising trend of BYOD (bring your own device), coupled with surging adoption of cloud services are augmenting the regional demand for SD-WAN solutions.
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The prominent companies operating in North America software defined – wide area network (SD-WAN) market are Infovista, Cato Networks, Aryaka Networks, Inc., Citrix Systems, Inc., Huawei Technologies Co. Ltd., FatPipe Networks, Inc., Berkshire Partners LLC (Masergy Communications), CloudGenix, Inc., Barracuda Networks, Inc., Nuage Networks, Peplink, Elfiq Networks, Ecessa Corp., Silver Peak, Riverbed Technology, Inc., Cisco Systems, Inc., VMware, Inc., Oracle Corp., Versa Networks, and ZTE Corp.
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