Latest News- Software-defined Wide Area Network (SD-WAN) Market: Solutions is expected to lead the Product segment during 2024-2028

The Software-defined Wide Area Network (SD-WAN) Market is being driven by Rising demand for cloud solutions

The Software-defined Wide Area Network (SD-WAN) Market is expected to grow at a CAGR of 29.02% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.66 billion. In the burgeoning SD-WAN market, enterprises face mounting network management challenges. Advanced technologies like Machine Learning (ML) and Artificial Intelligence (AI) are increasingly being utilized to address these issues. AI's role in IT operations, specifically configuration management and root cause analysis (RCA), is becoming increasingly significant. Key benefits of AI in SD-WAN solutions include automation of tasks such as event correlation and fault detection, efficient bandwidth utilization, actionable insights for future problem resolution, and trend identification. These advantages have led vendors to integrate AI and ML capabilities into their SD-WAN offerings, such as Cisco Systems' integration of Cisco SD-Access, Cisco SD-WAN, and Cisco Application Centric Infrastructure (ACI). 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for cloud solutions
• Surge in digital transformation
• Growing popularity of SD-WAN as a service

However, the market also witnesses some limitations, which are as follows:

• Implementation challenges in SD-WAN
• Cyber security challenges
• Lack of workers with technical skills

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Market Scope in Software-defined Wide Area Network (SD-WAN) Market Research Report

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Research Analysis Overview

In the dynamic landscape of modern business, the Software-defined Wide Area Network (SD-WAN) market has emerged as a game-changer for organizations seeking to optimize their connectivity and reduce operating costs. SD-WAN is a type of Software-as-a-Service (SaaS) solution that utilizes Artificial Intelligence (AI) and Zero Trust Network Access (ZTNA) to enhance network security and application performance. The SD-WAN market caters to various industries, including transportation and logistics, energy and utilities, healthcare, and SMEs, addressing their unique requirements. SD-WAN enables the integration of Internet of Things (IoT) devices and Edge computing, facilitating digital transformation and mobility. Network infrastructure reliability is a critical concern for businesses, and SD-WAN offers solutions to address reliability issues. SD-WAN supports Hybrid cloud environments, Big data processing, and Industrial IoT (IIoT), making it an essential component of Smart cities and Cyber security strategies. SD-WAN simplifies Network infrastructure by optimizing Cloud IP traffic and improving bandwidth efficiency, thereby lowering costs. It is compatible with Multiprotocol Label Switching (MPLS) networks and supports the transition to 5G and Reliability issues mitigation. In the era of exabytes (EB) and zettabytes (ZB) of data, SD-WAN plays a pivotal role in managing the complexities of network security and application performance, making it an indispensable tool for businesses undergoing digital transformation.

Market Research Overview

The SD-WAN market is a segment of the expansive global Internet services and infrastructure market, which falls under the larger umbrella of the IT services industry. This market encompasses organizations providing solutions and infrastructure for the Internet sector, such as data centers, cloud networking and storage, and hosting services. Notably, it includes IT security and cloud computing services, while excluding software product vendors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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