Technology Research: SD-WAN Market Sales, Spending Forecast
The software defined wide area network (SD-WAN) market is expected to reach $9.06 billion by 2021, up from $738.9 million in 2016, according to Markets and Markets. That’s a compound annual growth rate of 65.11 percent, the researcher says.
Multiple factors are driving SD-WAN demand. Chief among them: The use of mobile devices — smartphones, notebooks, and tablets — to access corporate networks. And the ability for network operators to save huge capital and operational expenditures, Markets and Markets says. Moreover, SD-WAN are affordable in comparison to traditional networking connections, the researcher asserts.
Among the big winners: MSPs that offer managed services for SD-WAN services, the researcher predicts.
Complete Research: Software-Defined Wide Area Network (SD-WAN) Market Global Forecast to 2021
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