****** SD-Wan Market Is Projected to reach $9,378.6 Million by 2022

The SD-WAN market size is set to cross $9.3 billion by 2022, growing at a CAGR of 59.2% between 2016-2022. The market is driven by factors such as rise of cloud computing, need for cost effective network management, simplified network architecture and increasing need for network security and visibility. In terms of type, the SD-WAN market is classified into product (WAN infrastructure, and SD-WAN control and overlay) and service (CSP SD-WAN managed and cloud-managed SD-WAN). SD-WAN products accounted for larger revenue in the SD-WAN market in 2015, and are also expected to contribute larger revenue during the forecast period. However, the market for SD-WAN service is expected to witness higher CAGR of 97.0%, during the forecast period.

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In terms of industry, the SD-WAN market is segmented into IT & telecom, BFSI, government, healthcare and others. The IT & telecom accounted for the major revenue of the SD-WAN industry in 2015. With increasing advancements in telecommunications and information technology, and demand for greater bandwidth for high performance applications, the market is expected to witness potential growth from IT & telecom industry during the forecast period.

North America led the ****** SD-WAN market, followed by Europe and Asia-Pacific in 2015. The North American market for SD-WAN was valued at $69.9 million in 2015, and is expected to grow at a CAGR of 57.7% during the forecast period, to reach $2.7 billion by 2022. Among the countries in the North American region, the U.S. contributed larger revenue to the North American SD-WAN industry in 2015. It is expected to grow at a CAGR of 57.0% during the forecast period.

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The players in the SD-WAN market are launching new products to gain a larger market share For instance, in September 2016. Mushroom Networks, a provider of SD-WAN solutions, announced the launch of a platform which represents the next stage of SD-WAN industry as VNF Design Studio. The virtual network function (VNF) design studio was to enable large enterprises and various service providers to easily build personalized virtual network functions which are custom made for their wide area networking (WAN) through a curated library of modular and drag & drop components.

Some of the key players in the SD-WAN market are Citrix Systems, Inc., Silver Peak Inc., Cloudgenix, Inc., Ecessa Corporation, Viptela, Riverbed Technology, Inc., Mushroom Networks, Inc., VeloCloud Networks and Glue Networks.

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