SD-WAN Security Market
According to SD-WAN security industry analysis by Future Market Insights (IMF), SD-WAN security market adoption is expected to grow with a CAGR of 21.2% between 2022 and 2032.
The report says the market is expected to reach a valuation of around $2.4 billion by the end of 2022. According to the IMF, as remote working becomes more widespread, employees are now required to log in from outside the corporate network. This in turn fueled the demand for secure and reliable connectivity.
This can be challenging for businesses as devices are gradually dispersed across multiple sites. Cloud-based services, applications, and platforms also make it daunting, as employee networks can struggle to meet the scalability, flexibility, and speed of implementation required for day-to-day functions. .
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Highlights: SD-WAN Security Market
By solution, the network firewall segment is expected to account for the major share of the global SD-WAN security demand during the forecast period. However, the DDoS attack detection and mitigation segment is expected to grow at a robust CAGR of 21.7% through 2032.
Among enterprise size, the large enterprise segment is expected to grow by 7.2 times during the forecast period.
By industry, the IT and telecommunications segment is expected to grow at a CAGR of 21.9% between 2022 and 2032.
North America region is dominating the SD-WAN security market followed by Europe region in 2022. East Asia is estimated as the fastest growing region during the forecast period.
The market in the United States is expected to grow at a CAGR of approximately 21.4% through 2032.
In China, the SD-WAN security market is expected to grow 6.1x during the forecast period.
The SD-WAN security market in India is estimated to witness an absolute dollar opportunity of US$563.8 million during the forecast period.
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Increase in business demand to improve network security
SD-WAN security provides enterprises with a single control plane to oversee all networks, including data center, multi-protocol label switching, and WAN. This strategy will be important because data migrates to multiple clouds and is subject to multiple security regimes. With a single view of all network operations, the business can ensure that security is fully organized across the entire distributed data ecosystem.
The growing demand for full protection and control from cyber threats is intensifying the SD-WAN security market, as SD-WAN security provides smooth and secure direct connectivity to cloud providers and endpoints, thereby enhancing the cloud experience. It provides high levels of security for businesses, protecting data loss from unwanted intrusions.
More Valuable Insights into SD-WAN Security Market
Future Market Insight’s report on SD-WAN Security industry research is segmented into four major sections – Solutions (Network Firewalls, DDoS Attack Detection and Mitigation, Secure Web Gateways, Session Edge Controller ( SBC), network encryption and others), company size (Small and medium enterprises (SMEs), large enterprises), industry (IT and telecommunications, BFSI, healthcare, retail, manufacturing, government and others) and region (North America, Latin America, Europe, East Asia, South Asia and Pacific, Middle East and Africa), to help readers understand and assess lucrative opportunities in the demand outlook for SD-WAN security.
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Future Market Outlook
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
This press release was published on openPR.