Sellbyville, DE -- (SBWIRE) -- 03/27/2019 -- SD-WAN Market is estimated to experience remarkable gains over 2019-2024. Driven by the fact that SD-WAN solutions help manufacturers prioritize network traffic and simplify network management, in a bid to make sure that crucial applications obtain access to the required connection, the manufacturing sector is touted to majorly contribute toward the expansion of SD-WAN market. As the deployment of more and more communication technologies and IoT devices in the manufacturing industry increases, the demand for SD-WAN solutions will naturally depict an upsurge, propelling SD-WAN industry size from manufacturing applications.

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The solutions segment held a major market share in 2018 and is expected to maintain its dominance in the market with a share of over 63% in 2025. In this segment, physical appliances held a major market share of around 74% due to the extensive adoption of these appliances for SD-WAN deployment. As these devices are easy to deploy and do not require any additional expertise for deployment, the demand for physical appliances is expected to increase over the forecast timeline.

Training & consulting services in the SD-WAN market are expected to grow at a CAGR of over 64% from 2019 to 2025. To enable customers to effectively deploy SD-WAN solutions, training & consulting service providers offer services for improving the customers? ability to leverage SD-WAN solution deployments, which will meet their business objectives. The service providers offer training & consulting services that help enterprises in deploying, implementing & operating solutions and also help them to use the best strategy to ease the process of network transformation.

The retail & consumer goods application segment is expected to grow at a CAGR of over 60% from 2019 to 2025. As the adoption of digitalized platforms and IoT technology continues to grow, retailers face challenges related to the management of omnichannel environments. This drives the demand for SD-WAN solutions, which enable retail enterprises to manage their retail operations and remote office functions and systems. The retailers are widely adopting such solutions to strengthen their omnichannel strategy and improve the customers? experience.

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The North America SD-WAN market held a major market share of over 49% in 2018 and is expected to dominate the market in 2025. This growth is driven by a rise in the adoption of business-critical, bandwidth-intensive applications that include cloud apps, video conferencing, and IoT. As enterprises in the region are rapidly migrating to cloud-based platforms, the demand for these solutions will increase owing to the flexibility and data traffic prioritization that they offer.

The SD-WAN market in Asia Pacific will show the fastest growth rate of over 61% over the forecast timeline. The market growth is driven by the growing adoption of cloud-based infrastructure by enterprises to achieve agility and improve application performance. The enterprises are adopting solutions to improve their network performance and reduce the complexity associated with the existing WAN infrastructure. Another factor accelerating market growth in the region is the adoption of network virtualization technologies to reduce the operational costs and enhance the automation of networks. For example, in December 2017, China Telecom selected ZTE for the provisional cloud resource pool pre-commercial trial SDN project. Under the collaboration, ZTE provided China Telecom with full series of SDN solutions to support the need for automatic resource pool deployment and resource pool interconnection while managing construction costs.

Aided by a robust application spectrum and the ubiquitous trend of IoT, the global SD-WAN market is slated to accumulate significant momentum over the forthcoming years. In fact, according to a research report by Global Market Insights, Inc., it is estimated that the global SD-WAN market size would be surpassing the $17 billion renumeration mark by 2025.

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