Software-Defined Wide Area Network Market Worth $18.2 Billion by 2029

Software-Defined Wide Area Network (SD-WAN) Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029

The Software-Defined Wide Area Network (SD-WAN) Market is projected to reach $18.2 billion by 2029, at a CAGR of 23% from 2022 to 2029. The growth of this market is driven by the increasing number of cloud solutions, the rising demand for internet broadband connections to replace more expensive solutions, the increasing demand for improved security, and the growing need for network agility and visibility.

However, the reliability issues in SD-WAN may restrain the market’s growth. The increasing proliferation of SD-WAN solutions to automate operations to simplify workflows and the rising demand for connecting data centers and multiple offices are expected to offer significant growth opportunities for the stakeholders in the software-defined wide area network market.

Furthermore, the concerns over SD-WAN security and the lack of standards for software-defined networking are expected to pose challenges to the growth of the SD-WAN market.

The latest trends in the global software-defined wide area network market are the move to hybrid or multi-cloud environments, firewall as a service, and secure access service edge.