5 Year Forecast Reveals SD-WAN Market to Double in Size, Exceed $6B by 2027
Incline Village, NV. March 21, 2023 — According to a newly released report issued by founding analysts of 650 Group, the SD-WAN market grew more than 30% in 4Q22 and will double in size by 2027.
“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 started, the need to support application and employees at different locations became critical to many enterprises. In addition, the market saw increased adoption of SD-WAN to support the more rapid pace of digitization. Vendors continue to approach SD-WAN from a mix of security, networking, and best-of-breed offerings with varying success.”
Unlike other enterprise markets where physical hardware remains dominant, the SD-WAN market gets a significant portion of its revenue from ongoing customer subscriptions. As a result, the top six vendors — Cisco, Fortinet, HPE Aruba, Huawei, Versa Networks, and VMware (listed in alphabetical order) continue to increase their market share. In addition, each vendor has unique strengths in their offerings that customers find attractive.
650 Group’s quarterly SD-WAN report 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.
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. To learn more, visit http://www.650Group.com