Services to Drive 65% CAGR in SD-WAN
Futurecio, Thursday, July 20,2023
The global software-defined wide area network (SD-WAN) market is poised to witness robust growth through 2032 credited to surging business responsiveness and agility, with Global Market Insights forecasting the SD-WAN market size to reach US$800 billion by 2032.
The virtual appliance segment is expected to grow at 70% CAGR from 2023 to 2032. The demand for virtual appliances is likely to rise throughout the forecast period, as most enterprises shift their burden to the cloud to allow centralised network management as well as improve performance.
The cloud segment is speculated to flourish strongly throughout the forecast period because it frees businesses from having to purchase and manage on-premises IT resources and allows for scalability to match workload and user demands.