Software-defined Wide Area Network (sd-wan) Market To Reach $47 Billion, Globally, By 2031 At 29.7% Cagr: Allied Market Research

The global software-defined wide area network (SD-WAN) industry generated $3.6 billion in 2021, and is anticipated to generate $47 billion by 2031, witnessing a CAGR of 29.7%. Factors driving the growth of the market include rapid digitalization, surge in adoption of advanced technologies such as IoT and cloud computing, and increase in adoption of SD-WAN across businesses to enhance operation & productivity. Security concerns and high initial cost are hampering the market growth.