According to the research report titled ‘Global WAN Optimization Market Size study with COVID-19 Impact, by Component (Solution and Services), by Deployment Mode (On-Premises and Cloud), by End-User (Large Enterprises and Small and Medium-Sized Enterprises), by Solution (Traditional Wide Area Network and Software-Defined Wide Area Network), by Services (Professional Services and Managed Services), by Vertical (Banking, Financial Services, and Insurance, Manufacturing, Healthcare, Telecom And IT, Media and Entertainment, Retail, Energy, Education and Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global WAN optimization market was worth USD 0.9 billion in the year 2019 and is expected to exhibit a CAGR of 6.7% during 2020-2027.
 

For the record, WAN (wide area networking) optimization is a technology that enables heavy data transfer across networks without the need for bandwidth. It is extensively used for launching new applications and projects. It can handle real-time applications such as video streamlining, VoIP (voice over internet protocol), and pre-population of trending videos, thereby reducing the demand of networks.
 

The technology also offers backup infrastructure, application data flow transparency, regulatory compliance maximization, data center consolidation, and data security, which in turn is a major factor propelling the growth of global WAN optimization market.
 

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Focus towards maintaining network infrastructure in order to obtain maximum benefits from increased network acceleration, scalability, throughput as well as bandwidth is aiding the market expansion. The growth of global WAN optimization market is further boosted by various major market players introducing relevant strategic alliances, services, and products.
 

The outbreak of the COVID-19 pandemic has compelled organizations to provide remote work access, thereby increasing the demand for WAN optimization among the companies for efficient business operations, hence positively affecting the industry remuneration. However, latency issues pertaining to VoIP and networks for video content are may hamper the expansion of global WAN optimization market.
 

Based on component, global WAN optimization market is divided into services and solutions. Speaking of the deployment mode, the industry is split into cloud and on-premises deployment.
 

With regards to the end-user spectrum, global WAN optimization market comprises of small & medium sized enterprises and large enterprises. Elaborating on the industry verticals, WAN optimization technology is utilized across various verticals such as telecom & IT, healthcare, manufacturing, BFSI, and others.
 

Regionally, North America WAN optimization market accounts for most of the market share and is expected to register significant growth in the forthcoming years. Surging demand for next gen 5G networks is favoring the market scenario in North America. On the other hand, Asia-Pacific region is projected to dominate global WAN optimization market by the year 2027.
 

The key participants in global WAN optimization market are Oracle Corporation, FatPipe Networks, Circadence Corp., Aryaka Networks, Array Networks, Silver Peak Systems, InfoVista S.A., Citrix Systems, Inc., Riverbed Technology, Inc., and Cisco Systems, Inc. among others.