The global software-defined wide area network (SD-WAN) market is poised to witness robust growth through 2032 credited to surging business responsiveness and agility, with Global Market Insights forecasting the SD-WAN market size to reach US$800 billion by 2032.
The virtual appliance segment is expected to grow at 70% CAGR from 2023 to 2032. The demand for virtual appliances is likely to rise throughout the forecast period, as most enterprises shift their burden to the cloud to allow centralised network management as well as improve performance.
The cloud segment is speculated to flourish strongly throughout the forecast period because it frees businesses from having to purchase and manage on-premises IT resources and allows for scalability to match workload and user demands.
Vertical industry activity
The healthcare segment is projected to propel steadily over the research period since IT departments are implementing SD-WAN solutions to obtain visibility throughout the entire network and enhance network management as healthcare networks become more complex.
The manufacturing segment is estimated to register high gains by the end of 2032 attributed to the increase in linked devices. Operators must make sure that all the machines and tools are synchronised with one another due to the increase in production processes and techniques.