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Cloud Managed SD-WAN Service to Witness Faster Growth in SD-WAN Market During 2016-2022

Cloud Managed SD-WAN Service to Witness Faster Growth in SD-WAN Market During 2016-2022

According to a new market research report “Global SD-WAN Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Appliance (Physical and Virtual), by Implementation Type (Outsourced and In-house) by Industry (IT & Telecom, BFSI, Healthcare, Government, and Others) by Segment (Product and Service)” .

Global SD-WAN market worth $220.2 million in 2015

The study reveals that the global SD-WAN market is likely to grow from $220.0 million in 2015 to $9,378.6 million by 2022. Due to increasing demand for higher bandwidth and rising cost of WAN management, the global SD-WAN market is gaining traction.

Insights on market segments

As per the findings of the research, virtual appliance led the global SD-WAN market in 2015. Among various industries, healthcare is expected to witness the highest growth in demand of SD-WAN solutions during the forecast period. Among regions, SD-WAN market is expected to witness fastest growth in demand from Asia-Pacific by 2022. With increasing in-house WAN management complexities, outsourced deployment is expected to continue its larger contribution to the market revenue during the forecast period.

To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/sd-wan-market

North America stands as the largest SD-WAN market

Geographically, North America has been the largest market for SD-WAN, where the U.S. has been the largest contributor to the regional market. China has been the major market in Asia-Pacific. In Europe, Germany is expected to be the major contributor to the regional market.

Evolution of cloud computing bolsters the global SD-WAN market growth  

The factors driving the growth of the market include rise of cloud computing, need for cost-effective network management, simplified network architecture, and increasing need for network security and visibility. Globally, increase in migration of global enterprises from traditional WAN infrastructure to cloud-based solutions has been developing interest in software-defined wide area network (SD-WAN). Due to high maintenance cost and network complexity, these enterprises need affordable pricing, reliable security and ease of WAN management. Increased managed service offerings and rise in hybrid cloud connectivity are some of the trends observed in this market.

Globally, IT organizations need WAN optimization solutions to overcome challenges of network performance and lower the ongoing WAN cost. SD-WAN solution providers are continuously developing and upgrading their physical and virtual WAN optimization product portfolio, to provide industries with accelerated application performances.

Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/ict-and-media

Increasing adoption of various cloud services, such as on-premise private cloud, public cloud, hosted private cloud and SaaS, in enterprise IT has resulted in a hybrid IT architecture within the enterprise network infrastructure. Enterprises need to meet the demand for agile, cost-effective, reliable and high performing business, networks connecting the hybrid IT environment. Therefore, SD-WAN provides a mix of public internet and private circuits to provide organizations with more network uptime, cost reduction, secure connection from branch locations to applications in enterprise data center and dynamic multi-path optimization for enterprise grade performance and scalability.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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