We just reported today the SD-WAN market will hit $5.25B by 2023 according to IDC.
Turns out these numbers are conservative according to Beroe.
They say $9B by 2021. It will grow at a CAGR of 60-65 percent until 2021.
Around 60-65 percent of enterprises source MPLS-based WAN connectivity services, however, the composition is expected to decrease in the next 5 years. The global MPLS market is expected to grow at a CAGR of 4-5 percent until 2021, to reach a value of $25-27 billion, with the Asia Pacific expected to be the fastest-growing market with a growth rate of 7-8 percent.
SD-WAN has the potential to reduce the total cost of ownership of WAN by approximately 50-60 percent, reducing the capital expenditure by 50-60 percent, maintenance by 15-20 percent and reducing the overall operational expenditure by 40-50 percent.
The competition for WAN is expected to increase with the deployment of SD-WAN as the number of service providers is expected to rise. The alternatives for MPLS-based WAN networks have been increasing over the past few years; however, as SD-WAN is considered the next step in the evolution of the network, substitutes are low.
It’s an exciting time for customers looking for SD-WAN solutions and digital transformation tools in general. Companies should come and learn about the latest in everything you need! SIP Trunking, UCaaS, the Channel, IT, IOT, Edge, Cybersecurity, AI, SD-WAN, and the Future of Work at the world’s only SD-WAN Expo and MSP Expo, part of the ITEXPO #TechSuperShow, Feb 12-14, 2020 Fort Lauderdale, FL.
You will see all the leaders in SD-WAN, including (so far):
- Adaptiv Networks