The surging requirement for cost-effective wide area network (WAN) management and automation solutions, increasing need for a simplified enterprise network architecture, the rising proliferation of bring-your-own-device (BYOD) policy at workplaces, burgeoning demand for big data and internet of things (IoT), booming demand for network privacy, accelerating cloud-based solutions deployment rate, and growing internet penetration will drive the software defined-WAN (SD-WAN) market at a healthy CAGR of 38.6% during the forecast period (2020–2030).

The market was valued at $1.4 billion in 2019 and it is projected to generate $43.0 billion revenue by 2030. One of the major growth drivers for the market is the rising need for data privacy and visibility, owing to the surging volume of data being generated by enterprises. In recent years, data has become highly prone to unauthorized access, which has made many enterprises shift from traditional WAN solutions to SD-WAN solutions.

SD-WAN solutions help in measuring and monitoring network traffic and also provide information technology (IT) departments deep visibility into WAN. With this information, the IT departments can quickly pinpoint a security threat. Currently, the increasing demand for WAN optimization as a service from IT organizations to reduce their WAN cost and overcome the challenges of network performance is becoming a major trend in the SD-WAN market.

The market players are constantly upgrading their virtual and physical WAN optimization product portfolio to provide end users with improved application performance. WAN optimization solutions also offer greater virtual flexibility, increased business productivity, improved security as a service (SaaS) application performance, and cloud-ready networking infrastructure to IT firms.

This market research report provides a comprehensive overview of the market

* The Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings