According to a new market
research report "WAN Optimization
Market by
Component (Solution (Traditional WAN and SD-WAN) and Services (Professional and
Managed)), Deployment Type (Cloud and On-premises), Vertical, End User (Large
Enterprises and SMEs), and Region - Global Forecast to 2025", published by MarketsandMarkets,
is projected to grow from USD 1.0 billion in 2020 to USD 1.4 billion by 2025,
at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. The
major factors driving the growth of the WAN Optimization Market include the
rising need to ensure the quality of user experience and productivity, growing
number of data centers and branch offices, and increasing cloud-based WAN optimization
solutions.
Browse in-depth TOC on "WAN Optimization Market”
115- Tables
34- Figures
152- Pages
115- Tables
34- Figures
152- Pages
The solutions segment to hold a larger market size during the
forecast period
WAN optimization solutions consist of traditional WAN and
SD-WAN. These solutions significantly boost WAN performance with the help of
application acceleration and better utilization of existing WAN infrastructure
that enables organizations to save costs on various additional hardware,
software, and bandwidth. The traditional WAN optimization solution works on various
techniques, such as load balancing, Quality of Service (QoS), deduplication,
caching, and compression. While SD-WAN uses a centralized control function to
securely and intelligently direct traffic across WAN, which increases
application performance, offers enhanced user experience, increases business
productivity, and reduces costs for IT. Most of the enterprises have taken
applications out of branch offices and consolidated them in centralized data
centers, and work force accessing these applications is highly distributed at
distant locations. As the use of Software-as-a-Service (SaaS) increases, the
amount of application traffic that transits WAN also increases. This traffic
increase makes enterprises much more interested in deploying WAN optimization solutions.
The small and medium-sized enterprises segment to record a
higher growth rate during the forecast period
The rising usage of cloud for the deployment of WAN optimization
solutions has led to the increasing adoption of these solutions among Small and
Medium-sized Enterprises (SMEs). WAN optimization solutions are expensive and
complex in nature. However, the availability of these solutions on cloud has
reduced the cost problem as cloud-based solutions are less expensive as
compared to on-premises solutions. SMEs have budget constraints; so, they
prefer cloud-based solutions available in the market. SMEs’ criteria is
based on various metrics, such as revenue generated and ownership structure.
Cloud-based solutions are developed, keeping in mind the limited budget of SMEs.
Asia Pacific to record the highest growth rate during the
forecast period
Asia Pacific (APAC) is growing at a faster growth rate as
compared to the other regions. The region has huge potential for WAN
optimization solutions, as it consists of economies such as China, India,
Japan, Australia, and South Korea. These countries, with their large
populations, are undergoing a dramatic change with increase in the domestic
demand for technological intervention and huge scope for advancements, as they
are still growing economies. They have a huge advantage of human resource that
forms a large subscriber base for any vertical that advances technologically.
This is attributed to the fact that technological adoption has been rapid in
this region and is growing exponentially. The potential benefits of wireless
services, such as increasing the need for mobility services and reducing
operating expenses, are the major drivers for adoption of WAN optimization
solutions in this region. The number of internet users in this region has grown
to a great extent, and hence, many companies in the region have started
deploying advanced communications solutions to cater to the rising
communication demand for high-speed data and superior voice quality. All these
reasons increase the demand for better network management, network visibility
and control, and wireless communication, leading to the deployment of SD-WAN in
the region.
The major vendors of the WAN
Optimization Market include Cisco (US), Riverbed (US), Citrix (US),
Infovista (UK), Silver Peak (US), Array Networks (US), Aryaka (US), Circadence
(US), Fat Pipe (US), Nuage Networks(US), Oracle (US), Huawei(China), Wanos
(South Africa), Equinix (US), Exinda (US), F5 (US), Aruba (US), and
VMware(US).
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Content Source: https://www.marketsandmarkets.com/PressReleases/wan-optimization.asp
Report: https://www.marketsandmarkets.com/Market-Reports/wan-optimization-market-123083555.html
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/wan-optimization.asp
Report: https://www.marketsandmarkets.com/Market-Reports/wan-optimization-market-123083555.html
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