The Rise of SD-WAN Market During Covid-19 Statistic
SD-WAN Market is booming in 2020. The start of the year 2020 was tremendously overwhelmed with natural disasters as well as the pandemic break out. In this situation, many businesses that are not ready for crisis, as such, struggles in many operational perspectives. However, the development of technology and digital tools at this time had shown its huge contribution to face and overcome such a crisis situation. Whilst making tasks and management easier in a virtual environment. The tools and technology act as a platform to simplify and organize tasks. However, to keep everyone connected virtually, internet connectivity is still the most fundamental bridge to all applications and communications.
As the virtual digital world improved and expand, internet connectivity and stability had gained another level of importance and to keep the world connected. Businesses had now accepted, prepare and move into the new normal where there are an increasing number of employees working from home or to manage branch office(s) that are at a distance from their head office, in which the situation where traveling and meeting are restricted within the cities, not even to mention internationally where international borders are even close.
Thus to keep businesses interconnected these days, there are various options and solutions in the market provided by any of the telecommunication providers that your business or your IT manager would probably choose. Some of the better-known option today would be MPLS VPN, SD-WAN, IP- Sec, and more. As “virtual economic and norms” had just start vibrating, businesses tend to be looking for a more economical solution as to the balance of costs and quality.
Development of the telecommunication infrastructure today had shown to be more prepared allowing various activities to happened at the virtual environment. During pass years SD-Wan solutions had been an engaging topic throughout the industry in a matter of interconnectivity of different branches or places. Experts had been analyzing the market growth of the use of SD-Wans in the upcoming future due to its advantages such as:
– Cost Reduction
– Improved Performance
– Improved Security
– Reduce Complexity
As it is halfway through 2020, SD-WAN market growth was slowed down by the COVID-19 pandemic, however, Futuriom’s founder and principal analyst, Scott Raynovich, forecast a pickup in the market in the second half of 2020 and into 2021 as more enterprise employees are working from home and require secure, remote access services. SD-WAN integrates VPN functionality for both remote workers and enterprise branches, which is a key feature demand.
Omdia reported that SD-WAN revenue reached $2 billion in 2019, up from $1.1 billion in 2018. Raynovich expects the SD-WAN market will hit $2 billion this year and reach $2.85 billion in 2021, and $4.6 billion by 2023 as more enterprises demand “agile, high-performance, and secure connections to cloud applications.” And the SD-WAN revenue will hit up to $4.8 billion in 2024, predicted by Omdia.
Looking at the prediction, it would be more interesting to consider and to view the statistic of the growth of SD-Wan achieved in the year 2020 and 2021. As the new normal had started whether businesses will rush themselves to prepare for the next unpredictable crisis. It would be great to view the perspective of statistics on the difference predicted and on those achieved.
SD- Wan in such a situation works as a great “bridge” among employers and employees as well as headquarters and branch offices around the world. As the thing is getting mobile, connectivity is important as discussed to connect the world.
GOIP as an ICT, SD-Wan and Managed Service Provider in Greater China & Asia Pacific Region, provides high stability and high-quality network connection services to enterprises that need cross-cloud access or comprehensive networking.
Our SD-WAN network is based on core backbone networks of Mainland China, Hong Kong, and Worldwide with a network resource pool connecting more than 800 nodes and public cloud providers all around the world.
GOIP 8Square I-Wan our sd-wan services and solutions having the below advantages:
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