Security News > 2020 > December > Worldwide SD-WAN market to reach $43 billion by 2030

Due to the rising adoption of IoT and the growing utilization of big data, the valuation of the global SD-WAN market is predicted to increase from $1.4 billion to $43 billion from 2019 to 2030.

Between the solution and service categories, under the offering segment of the SD-WAN market, the former is expected to register higher revenue growth in the market in the coming years.

Under the deployment segment, the on-premises category recorded the highest growth in the SD-WAN market in the last few years, mainly because the SD-WAN solutions come with various security concerns.

In the future years, the network operations visibility category, based on use case, would exhibit the fastest growth in the SD-WAN market.

Globally, the North American SD-WAN market is currently the most prosperous one, on account of the presence of several well-established SD-WAN solution providing firms, favorable government policies for 5G adoption, quick integration of various advanced technologies, and the increasing need for simple and hassle-free networking operations in the region.

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