SD-WAN Architectures Becoming Critical to Enterprise Multi-Cloud Deployments, Quarterly revenues for overall market now approaching $1B
Incline Village, NV. Feb. 14, 2022 — According to a newly released report issued by 650 Group, a leading Market Intelligence Research firm for communications, data center, and cloud markets, the SD-WAN market will grow more than 30% in 4Q21 and will grow to double in size by 2026.
Unlike other enterprise markets where physical hardware remains dominant, the SD-WAN market gets a significant portion of its revenue from subscriptions. As a result, the top 5 five vendors: Cisco, Fortinet, HPE Aruba, Versa, and VMware (listed in alphabetical order) continue to increase market share. In addition, each vendor has unique strengths in their offerings that customers find attractive.
The SD-WAN reports include vendor market shares and long-term forecasts for the SD-WAN market. The report also includes regional market shares and projections to look at the regional differences in adoption in China, Europe, and North America.
“The SD-WAN market continues to surge as customers look towards the technology to help support their ever-changing, multi-cloud worlds,” said Alan Weckel, founding analyst for 650 Group. “Since the COVID-19 pandemic started, the need to support application and employees at different locations became even more critical to most enterprises. In addition, the market saw increased adoption of SD-WAN to support the more rapid pace of digitization. By the end of 2022, the market should be on pace to be on a $1B quarterly run-rate.”
Visit http://www.650group.com for more information.
About 650 Group
650 Group is a leading Market Intelligence Research firm for communications, data center, and cloud markets. Our team has decades of research experience, has worked in the technology industry, and is actively involved in standards bodies. 650 Group focuses on leading-edge market trends and research and prides itself on first to market research with over 15 research programs focused on Enterprise trends.
Write something about yourself. No need to be fancy, just an overview.