Gartner, a leading research and advisory company, recently released their latest report on the software-defined wide area network (SD-WAN) market. The report indicates that the SD-WAN market is experiencing rapid adoption and strong market growth.
According to Gartner’s report, the SD-WAN market is expected to reach $5.7 billion by the end of this year, which is a 33% increase from the previous year. Furthermore, Gartner predicts that the market will continue to grow, reaching $9.5 billion by 2021, thanks to its ability to provide various benefits to businesses.
One of the key benefits of SD-WAN is its ability to provide reliable and secure network connectivity over multiple locations, including branch offices, data centers, and cloud resources. The technology uses software and automation to streamline network traffic, which enhances performance, reduces downtime, and minimizes operational expenses.
Another factor that is driving the rapid adoption of SD-WAN is the move towards digital transformation. With more businesses relying on cloud-based applications, SD-WAN provides a comprehensive solution for managing application performance, security, and connectivity. The technology also supports IoT devices, which are becoming increasingly essential in driving business growth and creating new revenue streams.
Moreover, SD-WAN enables businesses to achieve greater agility by simplifying network management and enabling faster changes and updates. This empowers them to respond quickly to changing business demands, competitive pressures, and market trends.
In conclusion, Gartner’s latest report shows that the SD-WAN market is experiencing strong growth due to its ability to provide reliable and secure network connectivity, support digital transformation, enhance agility, and reduce operational expenses. As businesses continue to embrace cloud services, IoT, and other digital technologies, SD-WAN will become increasingly essential in supporting their ongoing growth and success.