The SD-WAN market is in the early growth stage of the product lifecycle. Key factors driving market adoption include: cost savings from efficient usage of private and public networks, ability to optimize hybrid cloud connectivity, and application-aware routing. The global SD-WAN market is forecast to grow at a CAGR of 49% from 2018 to 2023.
“Managed SD-WAN sites are expected to continue to represent a majority percentage of the total SD-WAN market, as businesses continue to prefer a provider managing the solution end-to-end, which frees-up network personnel time to focus on strategic activities.”
In a recent survey of network decision-makers, over 50% of the respondents indicated their preference toward buying a fully managed SD-WAN service. Market trends also indicate that, at a minimum, most SD-WAN customers are looking for a co-managed service wherein they retain at least some level of control over the SD-WAN deployment; while the service provider takes on the day-to-day management aspects.