Global SD-WAN Market Reaches All-Time High with Growth of 30% in 2023; According to 650 Group

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Looking Forward, SD-WAN Market Predicted to Double in Size, Reach $7B by 2028

Incline Village, NV. February 14, 2024 —  According to a newly released report by the founding analysts of 650 Group, the SD-WAN market grew nearly 30% in 2023 and will double in size by 2028, to reach $7B.

“The SD-WAN market continues to surge as customers look towards the technology to help support an ever-changing multi-cloud world,” said Alan Weckel, a founding analyst for 650 Group. “Since the COVID-19 pandemic and work from anywhere phenomenon started, supporting applications and employees at different locations became critical to many enterprises.

“In addition, the market saw increased adoption of SD-WAN to support the rapid pace of digitization and prepare for AI/ML applications. Vendors, such as Cisco, Fortinet and HPE Aruba continue to approach SD-WAN from a mix of security, networking, and best-of-breed offerings with varying success.”

The Quarterly SD-WAN report includes 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. 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 6 five vendors (Cisco, Fortinet, HPE Aruba, Huawei, Versa, and VMware, in alphabetical order) continue to increase their respective market share. In addition, each vendor has unique strengths in their offerings that customers find attractive.

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 being the first to market research with over 15 research programs focused on enterprise trends. Learn more at