SD-WAN Managed Services Market by Services (SD-WAN Deployment Services, SD-WAN Integration Services, Others), by Deployment Model (On-premise, Cloud Based, Hybrid), By Verticals (BFSI, Healthcare, Retail, IT & Telecommunication, Manufacturing, Government, Others) and Region, Global Trends and forecast from 2023 to 2030

SD-WAN Managed Services Market Segmentation Analysis

The global SD-WAN Managed Services market is divided into 4 segments services, deployment model, verticals and region. Based on services, the SD-WAN managed services market is classified into SD-WAN deployment services, SD-WAN integration services, Others. The SD-WAN managed services market is categorized into on-premise, cloud based, hybrid based on components. By end user, the market is divided into BFSI, healthcare, retail, IT & telecommunication, manufacturing, government, others.

The market for SD-WAN Managed Services in 2022 was dominated by the SD-WAN deployment services segment with 49% market share. The most common kind of SD-WAN managed service, SD-WAN deployment services comprise designing, deploying, and configuring the SD-WAN network. This include creating the network architecture, deploying the SD-WAN devices, and choosing the appropriate SD-WAN hardware and software. This service includes a comprehensive analysis of the current network infrastructure, comprehension of the organization’s needs, and development of a custom deployment plan. To enable a seamless deployment, it covers tasks like network analysis, application classification, bandwidth evaluation, policy definition, and device configuration. The goal is to enhance network efficiency, guarantee a smooth migration, and match the SD-WAN solution to the particular requirements and objectives of the client organization.

As they include connecting the SD-WAN network with current IT systems and applications, SD-WAN Integration Services are very well-liked. The present WAN infrastructure, security protocols, and application performance management (APM) platforms may then be linked with the SD-WAN network. Managed SD-WAN services are also available. These services include SD-WAN security services, SD-WAN APM services, SD-WAN network monitoring and management services, and SD-WAN technical support services.

The SD-WAN managed services market’s largest vertical is the BFSI industry, followed by the healthcare industry. Additionally significant verticals for the SD-WAN managed services industry are the retail and industrial industries. Due to its heavy reliance on reliable and secure network connectivity, the Banking, Financial Services, and Insurance (BFSI) sector dominates the market for SD-WAN managed services. The BFSI sector’s strict regulatory requirements and demand for smooth operations are perfectly matched by the SD-WAN’s increased security, agility, and cost-effective solutions. The technology makes it an appealing option for the BFSI sector to modernize and optimize their network infrastructure since it enables secure transactions, inter-branch connection, and real-time data exchange while guaranteeing compliance with industry-specific standards.

The market for SD-WAN managed services is expanding, especially in the healthcare sector. To support their crucial business activities, such as patient care, medical research, and administrative duties, healthcare organizations need a dependable and secure network. Healthcare organizations may benefit from SD-WAN managed services to enhance the speed, security, and dependability of their networks. Electronic health records (EHRs), patient portals, and telemedicine systems are just a few examples of healthcare applications that might benefit from SD-WAN’s performance enhancements. This may result in better patient treatment and higher client satisfaction.

SD-WAN Managed Services Market Dynamics

Driver

The need for SD-WAN is being driven by the increase in remote work and the requirement for secure network connectivity.

The demand for SD-WAN has increased as a result of the rise in distant work, which has been exacerbated by world events like the COVID-19 epidemic. Businesses need secure, dependable, and high-performing network connectivity to enable smooth operations with a scattered workforce. This need is met by SD-WAN, which makes it possible for remote sites to securely connect to the corporate network while protecting critical information and increasing productivity. Its capacity to priorities and optimize traffic guarantees that distant workers may easily access vital applications. Additionally, the centralized administration and monitoring features of SD-WAN provide effective network control, enabling businesses to respond swiftly to shifting needs. The technology’s security capabilities, such as threat detection and encryption, comfort organizations about data safety, which is essential in a time of increased cyber threats. Overall, SD-WAN is a crucial tool in the contemporary workplace since it not only supports a strong remote working environment but also future-proofs enterprises.

Restraint

It might be difficult to maintain security in an SD-WAN setup.

Due to the inherent complexity of connecting numerous locations and devices through the internet using an SD-WAN configuration, security must be maintained. Since SD-WAN uses open networks, there is a risk of data interception and unauthorized access. Due to its increased vulnerability as a result of traffic decentralization and the variety of access points it offers, SD-WAN is a popular target for cyberattacks. Data in transit is protected by encryption, but protecting endpoints and access points is still difficult. Securing connections from diverse remote locations becomes increasingly important as businesses employ cloud-based technologies. Strong security rules and training are required since any configuration problems and human error might unintentionally expose the network. One ongoing problem is ensuring uniform security throughout the network while integrating various security solutions with SD-WAN effectively. In order to successfully minimize security risks and guarantee a safe SD-WAN environment, continuous monitoring, threat detection, and quick incident response are essential.

Opportunities

An important possibility is the integration of SD-WAN with cutting-edge technologies like 5G and the Internet of Things (IoT).

An important networking potential is the integration of SD-WAN with 5G and IoT. When combined with SD-WAN, 5G’s high-speed, low-latency capabilities may optimize traffic and improve application performance. By allowing seamless operation of real-time apps and IoT devices, this integration has the potential to revolutionize a number of sectors. IoT device traffic may be intelligently managed by SD-WAN, resulting in effective data transmission and enhanced operational results. Through 5G-enabled SD-WAN, the enormous amounts of data produced by IoT may be analyzed and transferred in an effective manner, improving data analytics and decision-making procedures. Additionally, the expansive 5G coverage and adaptability of SD-WAN make communication possible even in distant or difficult situations. These technologies operate together to provide dynamic network modifications, assuring the best utilization of resources and bandwidth. Businesses may use this connection to create networks that are nimble, adaptable, and responsive, enabling them to introduce novel ideas and promote digital transformation. But with the growing complexity, preserving security and privacy is a crucial factor in this technological convergence.

SD-WAN Managed Services Market Trends

• Change to cloud-based SD-WAN: As opposed to on-premises SD-WAN, cloud-based SD-WAN has a number of benefits, including scalability, flexibility, and ease of implementation.
• Small and medium-sized organizations (SMBs) are using SD-WAN more and more because it may help them increase the performance, dependability, and security of their networks without having to spend money on pricy hardware and software.
• Growing demand for SD-WAN managed services in emerging markets: As organizations in emerging economies explore for methods to increase the performance and dependability of their networks, SD-WAN adoption is exploding in these regions.
• Security is becoming a key concern for businesses, and SD-WAN managed service providers are responding by providing a range of security capabilities including encryption, intrusion detection, and intrusion prevention.
• Integration of SD-WAN with other network technologies: 5G and artificial intelligence (AI) are only a couple of the other network technologies that SD-WAN is becoming more and more integrated with. SD-WAN networks’ performance, security, and dependability are all being boosted by this integration.

Competitive Landscape

The competitive landscape in the SD-WAN Managed Services Market is dynamic and evolving. Key players in this market include established manufacturers, emerging companies, and niche players, each striving to gain a competitive edge.

1. Fujitsu
2. Silver Peak
3. Telstra
4. Versa Networks
5. Masergy
6. Verizon
7. VMware Inc.
8. Citrix
9. Cisco
10. AT&T
11. Hughes Network Systems,
12. LLC,
13. Tata Communications,
14. ARYAKA NETWORKS,INC.,
15. Masergy Communications, Inc.,
16. Turnium Technology Group Inc.,
17. ZeroOutages,
18. Open Systems,
19. Blue Wireless Pte. Ltd.,
20. Cato Networks

Recent Developments:

 26 September 2023: To increase the dependability of the replies from conversational AI models, Fujitsu has announced the release of two new AI trust technologies. The recently created technologies include a method for detecting hallucinations in conversational AI models and a method for detecting phishing site URLs implanted in the responses of the AI through poisoning attacks that inject false information, both jointly developed at its small research lab (1) at Ben Gurion University.

21 September 2023: In a binding deal, Cisco and Splunk, the market leader in cybersecurity and observability, stated that Cisco will buy Splunk for USD 157 per share in cash, or over USD 28 billion in equity. Gary Steele, president and chief executive officer of Splunk, will join Cisco’s Executive Leadership Team upon acquisition’s completion and will report to chair and CEO Chuck Robbins.

Regional Analysis

North America accounted for the largest market in the SD-WAN managed services market. North America accounted for the 35% market share of the global market value. It is projected that increasing mobile usage, a quick uptake of cloud computing services, and major improvements in broadband networks would all contribute to demand growth in North America. The growing trend of employee mobility is also boosting demand for a centralized network management solution that allows businesses complete control over their networks. As policymakers clear the way for quickly expanding next-generation services, the USA is anticipated to be among the first nations to roll out large-volume 5G wireless apps and networks. Businesses including AT&T Inc. and Verizon Communication Inc. are collaborating in North America to deploy fifth-generation wireless technology. Additionally, the federal commission of the United States has agreed to make a high-frequency spectrum, around 11GHz, available for mobile, fixed, and flexible wireless broadband. Businesses in the USA are increasingly utilising SD-WAN services, which will enhance demand for them.

In the market for managed SD-WAN services globally, Europe comes in second place, just behind North America. The use of managed SD-WAN services has expanded in Europe over the last two to three years as businesses want to streamline their network design and boost network flexibility. The regional market will expand as a result of service providers delivering secure access service edge (SASE) solutions and customer desire for increased security through SD-WAN solutions. Due to the region’s emphasis on digital transformation and the need for effective, affordable network solutions, SD-WAN technology has seen substantial adoption across Europe.

Target Audience for SD-WAN Managed Services

• Enterprises and Corporations
• Small and Medium-sized Businesses (SMBs)
• Multinational Corporations (MNCs)
• Telecommunication Companies
• Cloud Service Providers (CSPs)
• Managed Service Providers (MSPs)
• Data Centers and Hosting Providers
• Government and Public Sector Organizations
• Healthcare Institutions
• Financial Institutions (Banks, Insurance, etc.)
• Educational Institutions (Schools, Universities)
• Retail and E-commerce Businesses

Segments Covered in the SD-WAN Managed Services Market Report

SD-WAN Managed Services Market by Services

• SD-WAN Deployment Services
• SD-WAN Integration Services
• Others

SD-WAN Managed Services Market by Deployment Model

• On-premise
• Cloud Based
• Hybrid

SD-WAN Managed Services Market by verticals

• BFSI
• Healthcare
• Retail
• IT & Telecommunication
• Manufacturing
• Government
• Others

SD-WAN Managed Services Market by Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Key Question Answered

• What is the expected growth rate of the SD-WAN managed services market over the next 7 years?
• Who are the major players in the SD-WAN managed services market and what is their market share?
• What are the end-user industries driving market demand and what is their outlook?
• What are the opportunities for growth in emerging markets such as Asia-pacific, the middle east, and Africa?
• How is the economic environment affecting the SD-WAN managed services market, including factors such as interest rates, inflation, and exchange rates?
• What is the expected impact of government policies and regulations on the SD-WAN managed services market?
• What is the current and forecasted size and growth rate of the global SD-WAN managed services market?
• What are the key drivers of growth in the SD-WAN managed services market?
• Who are the major players in the market and what is their market share?
• What are the distribution channels and supply chain dynamics in the SD-WAN managed services market?
• What are the technological advancements and innovations in the SD-WAN managed services market and their impact on product development and growth?
• What are the regulatory considerations and their impact on the market?
• What are the challenges faced by players in the SD-WAN managed services market and how are they addressing these challenges?
• What are the opportunities for growth and expansion in the SD-WAN managed services market?
• What are the product products and specifications of leading players in the market?