Published Date: 15-Oct-2020
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According to a new report Global Wide Area Network Optimization Market, published by KBV research, The Global Wide Area Network Optimization Market size is expected to reach $4.3 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period.
The solution segment holds maximum global share in 2019. This is ascribed to the growing adoption of software-defined wide-area networks (SD-WAN) among ventures worldwide. The segment of large enterprises held a dominating position in 2019. This is ascribed to the high adoption of WAN optimization software among large firms associated with technology, banks, medical clinics, and e-commerce retailers.
The market was dominated by the on-premise segment in 2019. This is owing to a considerable rise in the implementation of on-premise arrangements across large enterprises to access and send data safely inside the premise. The demand for Software as a Service (SaaS), on the other hand, has increased amazingly in the course of the past few years. Moreover, the demand for cloud-based WAN optimization software is getting high prominence across undertakings on the back of advantages offered as far as infrastructure costs, quicker performance, and availability is concerned.
The IT and telecom segments held a significant share of revenue in 2019. This is credited to the high utilization of WAN optimization solutions for a few IT and Telecom enterprise applications that include data management during recovery from disaster, speeding up of application performance, and data management of bandwidth over networks.
North America represented a higher share of revenue in 2019. The massive share is ascribed to huge investments made by the key players, for example, Cisco Systems, Inc.; Silver Peak; and Riverbed Technology in the field of network optimization. Asia Pacific market is assessed to observe the highest growth from 2020 to 2026. The growing adoption of cloud-based WAN optimization solutions is seen among various enterprises is the main component boosting the demand of the Asia Pacific market.
Structural Insights: https://www.kbvresearch.com/wide-area-network-optimization-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Dell Technologies, Inc. (VMware, Inc.), Fortinet, Inc., Citrix Systems, Inc., Cisco Systems, Inc., Sangfor Technologies, Inc., FatPipe Networks, Inc., and Riverbed Technology, Inc. (Thoma Bravo).
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