Impact of COVID-19 on the Software-Defined Wide Area Network Market

o Radiation Software-Defined Wide Area Network (SD-WAN) Market: A Deep Dive into Projected Growth and Opportunities

Global XXX Market 2022-2029 Meticulous Research a leading global market research company, published a research report titled, Software-Defined Wide Area Network Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography Global Forecast to 2029. Introduction The Software-Defined Wide Area Network (SD-WAN) market is on a trajectory of substantial growth, projected to reach $18.2 billion by 2029, exhibiting a CAGR of 23% from 2022 to 2029. This remarkable expansion is driven by several key factors, including the increasing number of cloud solutions, rising demand for internet broadband connections to replace more expensive solutions, improved security needs, and the growing necessity for network agility and visibility. Driving Forces Behind SD-WAN Market Growth Increasing Cloud Solutions The adoption of cloud solutions is at the forefront of SD-WAN market growth. SD-WAN technology is ideal for deploying, managing, and monitoring cloud WAN, providing significant benefits such as operational infrastructure support, reduced operational risks, and customized control and visibility. The rise in multi-cloud and SaaS applications necessitates agile, secure, and reliable connectivity, driving the demand for cloud-based SD-WAN solutions. In recent years, leading SD-WAN providers have focused on launching cloud-based SD-WAN solutions, enhancing their market demand. For instance, Nokia Corporation and stc launched a managed SD-WAN solution in 2022, and Fortinet, Inc. partnered with Equinix in 2020 to accelerate cloud connectivity. These developments are pivotal in driving the demand for cloud-based SD-WAN solutions. Demand for Improved Security and Network Agility The increasing need for improved security and network agility significantly propels the SD-WAN market. Enterprises are continuously seeking solutions that offer enhanced security measures to protect sensitive data and ensure seamless network performance. SD-WAN solutions provide these capabilities, making them a preferred choice for businesses aiming to modernize their network infrastructure. Cost-Effective Internet Broadband Connections The shift from traditional, expensive networking solutions to more cost-effective internet broadband connections is another crucial factor driving the SD-WAN market. Page 1 of 5 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2022-2029 Businesses are looking for ways to optimize their operational costs while maintaining high network performance and reliability, making SD-WAN a viable solution. Challenges and Opportunities in the SD-WAN Market Reliability Issues Despite its numerous advantages, SD-WAN technology faces challenges, primarily related to reliability issues. Network interruptions and performance inconsistencies can hinder the adoption of SD-WAN solutions. However, ongoing advancements and innovations in the technology are gradually addressing these concerns, paving the way for more reliable SD- WAN deployments. Growth Opportunities The proliferation of SD-WAN solutions to automate operations and simplify workflows presents significant growth opportunities. The increasing demand for connecting data centers and multiple offices further enhances the market's potential. As organizations continue to expand their digital footprints, the need for robust and efficient networking solutions like SD-WAN becomes increasingly critical. Impact of COVID-19 on the SD-WAN Market The COVID-19 pandemic posed several challenges to the SD-WAN market, particularly during the lockdowns of 2020. The pandemic affected consumers' financial capabilities, leading to a temporary decline in the sales of SD-WAN services and solutions. However, the market began to recover in 2021 as enterprises, data centers, and communication service providers resumed their operations. Positive Impact on Software-Defined Networking (SDN) Interestingly, the pandemic also had a positive impact on the software-defined networking (SDN) segment. The need for advanced technologies like big data and machine learning to manage network automation solutions increased during the pandemic. SD-WAN solutions enabled the creation of unified dashboards to extract and display data from multiple countries, helping healthcare authorities estimate potential COVID-19 hotspots. This adoption of network automation solutions positively influenced the SDN and SD-WAN markets. Remote Work and Teleconferencing The shift to remote work and teleconferencing during the pandemic significantly increased the demand for virtual private networks (VPNs) and strong network bandwidths. IT Page 2 of 5 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2022-2029 infrastructure providers adopted software-defined networking technology to accommodate the surge in data traffic, further driving the growth of the SD-WAN market. Key Market Segments Solutions Segment Dominance Based on components, the solutions segment is expected to dominate the SD-WAN market in 2022. The segment's large market share can be attributed to the growing demand for cloud-based SD-WAN solutions and their increasing popularity among large enterprises. SD-WAN solutions are increasingly sought after by large telecommunication service providers, data centers, and campus environments to address operational complexities and visibility challenges. Cloud-Based Deployment The cloud-based deployment segment is projected to register the highest CAGR during the forecast period. The need to manage complex network requirements and reduce initial and operational costs drives this segment's growth. Many organizations are transitioning to cloud infrastructure due to its benefits, such as ease of adoption, scalability, and minimal in-house infrastructure requirements. Large Enterprises In terms of organization size, the large enterprises segment is expected to register the highest CAGR during the forecast period. Large telecommunication service providers and data centers seek SD-WAN solutions to tackle operational complexities, slow service delivery, and visibility issues across physical and virtual networks. Regional Insights Asia-Pacific: The Fastest-Growing Market The Asia-Pacific region is projected to be the fastest-growing market for SD-WAN solutions. The region's rapid economic growth, particularly in countries like China, India, and Japan, drives this trend. The increasing demand for SD-WAN solutions to reduce infrastructure and operational costs, coupled with the presence of well-established providers, supports market growth. Additionally, the deployment of SDN and NFV by regional enterprises and the demand for value-added network services contribute to the market's expansion. Page 3 of 5 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2022-2029 Latest Trends in the SD-WAN Market Hybrid and Multi-Cloud Environments The shift towards hybrid and multi-cloud environments is a significant trend in the SD-WAN market. Organizations are increasingly adopting these environments to enhance flexibility and efficiency in their operations. SD-WAN technology plays a crucial role in facilitating seamless connectivity and management across different cloud platforms. Firewall as a Service (FWaaS) The emergence of Firewall as a Service (FWaaS) is another notable trend. FWaaS offers advanced security features and ease of management, making it an attractive option for businesses looking to enhance their network security without investing heavily in on-premises infrastructure. Secure Access Service Edge (SASE) The concept of Secure Access Service Edge (SASE) is gaining traction in the SD-WAN market. SASE combines network security functions with WAN capabilities to support the dynamic, secure access needs of organizations. This trend underscores the growing importance of integrated security and networking solutions. Download PDF Brochure @ https://www.meticulousresearch.com/download- sample-report/cp_id=5385 Key questions answered in the report: Which are the high-growth market segments in terms of component, organization size, deployment mode, and end user? 1. 2.What is the historical market size for software-defined wide area network across the globe? 3.What are the market forecasts and estimates for 2022 2029? 4.What are the major drivers, restraints, opportunities, challenges, and trends in the global software-defined wide area network market? 5.Who are the major players in the global software-defined wide area network market, and what are their market shares? 6.How is the competitive landscape? 7.What are the recent developments in the global SD-WAN market? Page 4 of 5 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2022-2029 8.What are the different strategies adopted by the major players in the market? 9.What are the geographic trends and high-growth countries? 10.Who are the local emerging players in the global software-defined wide area network market, and how do they compete with other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Us: Research Sales- +1-646-781-8004 Page 5 of 5 Meticulous Research| sales@meticulousresearch.com