A study published by MarketsandMarkets forecasts SD-WAN to generate $4.1 billion by 2023. The report attributes the anticipated fourfold increase to the proliferation of mobile traffic and cloud services. The rise of a wireless and often remote workforce is creating complexity that SD-WAN can help solve. That’s one of the reasons why AT&T last month announced plans to integrate 5G capabilities into its SD-WAN platform.
Customers also are looking for SD-WAN solutions that fit their migration to cloud-based platforms such as Office 365, AWS and Salesforce.
“The cloud segment is expected to witness a high demand, due to its wide range of functionalities, such as high higher flexibility, lower cost, and faster service. The cloud-enabled SD-WAN deployment model offers the benefits and features of on-premises along with the added benefit of connecting to a virtual or cloud gateway,” the report authors wrote.
Decreasing the cost of business is also a driver, according to the study.