NFV SD-WAN Management Market Size (2023 – 2030)

The Global NFV SD-WAN Management Market is estimated to be worth USD 3.34 Billion in 2022 and is projected to reach a value of USD 31.16 Billion by 2030, growing at a CAGR of 32.2% during the forecast period 2023-2030.

Impact of COVID-19 on NFV SD-WAN Management Market:

The COVID-19 pandemic has significantly affected the market for NFV SD-WAN management. There is a rising demand for safe and dependable networking solutions, including NFV SD-WAN Management, as distant work requirements expand and the digital revolution proceeds. The pandemic has sped up the adoption of cloud-based solutions and network automation, and market suppliers have had to respond swiftly to shifting consumer demands. The complete impact of the pandemic on the NFV SD-WAN Management Market is yet unknown, but interruptions in the supply chain and the state of the economy have also had an effect on the market.

Market Overview:

NFV SD-WAN (Network Function Virtualization Software-Defined Wide Area Network) Management is a rapidly growing market that offers efficient management of network functions for geographically dispersed organizations. Although NFV is a technology that enables enterprises to virtualize their network services like firewalls, routers, and switches, SD-WAN enables companies to link their branch offices, data centres, and cloud resources over a large geographic region.

Together, SD-WAN and NFV provide a potent network management solution because they enable businesses to build secure, scalable, and adaptable networks that are simple to operate from a central place. Due to the rising need for effective network management solutions and the expanding usage of cloud computing, the NFV SD-WAN Management Market has experienced substantial expansion over the past few years.

NFV SD-WAN Management Market Driver:

Demand for Efficient Network Management Solutions boosts the growth of the market:

Business networks must be managed properly and efficiently, which is what is driving demand for effective network management solutions. Organizations need networks that are responsive to shifting business requirements as they continue to develop and expand. In contrast to traditional WANs, SD-WAN offers a single management platform that streamlines network administration and lessens its complexity. Because physical network hardware is not required due to NFV, prices are lower and flexibility is increased. NFV enables the virtualization of network functions. In these sectors, managing networks using NFV and SD-WAN ensures the availability of crucial applications and services in a dependable and secure manner.

The Growing Adoption of Cloud Computing drives the market growth:

The growing adoption of cloud computing is another key driver of the NFV SD-WAN Management Market. Cloud computing has become a popular choice for businesses of all sizes, as it offers many benefits such as increased scalability, reduced costs, and improved efficiency. SD-WAN and NFV offer a solution to this problem by providing a secure and efficient way to connect cloud resources with branch offices and data centers. SD-WAN enables organizations to connect to cloud resources through a secure and reliable VPN, while NFV enables the virtualization of network functions, such as firewalls and routers, to provide a secure and scalable cloud network.

NFV SD-WAN Management Market Challenges:

The complexity of Implementation and Integration impede the market growth:

The difficulty of deployment and integration is one of the main difficulties the NFV SD-WAN Management Market is experiencing. The integration and installation of these technologies can be difficult and time-consuming, despite the fact that SD-WAN and NFV have significant advantages. One of the biggest challenges might be integrating new technologies like NFV and SD-WAN with current networks and systems. Adoption for many firms may be hampered by the complexity of installation and integration, which can cause delays and higher costs. Organizations may also face difficulties due to a shortage of qualified staff to install and manage these technologies.

Security Concerns restrain the growth of the market growth:

Security is another major issue the NFV SD-WAN Management Market must deal with. Organizations must make sure their networks are safe and secured given the rise in cyber threats and assaults. While NFV and SD-WAN have several security advantages, such as virtualized firewalls and encryption, they also present new security risks. Cybercriminals can use new attack vectors that virtualization and software-defined networking create. Also, the danger of data breaches and cyberattacks might grow when connecting to cloud services via public networks like the internet. For the NFV SD-WAN Management Market to be successful, it is essential to handle the crucial problem of protecting and securing networks.

NFV SD-WAN MANAGEMENT MARKET REPORT COVERAGE:

NFV SD-WAN Management Market Segmentation – By Solution Type

• Software- Defined WAN (SD-WAN)

• Virtual Network Functions (VNFs)

• Network Function Virtualization Infrastructure (NFVI)

• Others

The SD-WAN segment is one of the fastest-growing segments in the NFV SD-WAN Management Market.  Due to its capacity to offer in scattered locations and remote employees with affordable, scalable, and secure network access, SD-WAN solutions are becoming more and more popular. By employing software to dynamically route traffic over various connections, SD-WAN systems may help enterprises increase network performance, save costs, and simplify network management. VNFs are software-based network functions that may be used in virtual or commodity hardware setups. With vCPE systems, virtual instances that can be managed from the cloud take the place of conventional hardware-based CPE devices. To execute VNFs and other virtualized network tasks, the NFVI section provide the virtualization infrastructure required.

NFV SD-WAN Management Market Segmentation – By Deployment Mode

• Cloud Deployment

• On-premise Deployment

According to market research, due to its scalability, flexibility, and cost-effectiveness, the cloud deployment mechanism is predicted to have substantial expansion throughout the projection period. Without spending additional money on hardware and infrastructure, cloud-based deployment enables businesses to expand and deploy networking solutions fast. Moreover, as cloud-based solutions become more widely used, businesses are searching for cloud-based NFV SD-WAN Management solutions to streamline network administration and improve network performance. In the on-premise deployment mode, NFV SD-WAN Management solutions are installed on local hardware in a company's data centre or on-premise network. On-premise implementation, however, can be costly due to the substantial upfront expenditures in hardware and software, as well as continuous maintenance and support expenses.

NFV SD-WAN Management Market Segmentation - By Industry Vertical

• Healthcare

• Retail

• BFSI

• Others

The healthcare industry vertical is one of the fastest-growing segments in the NFV SD-WAN Management Market. In order to enhance patient care, streamline processes, and cut costs, healthcare firms are increasingly implementing NFV SD-WAN Management solutions. Healthcare firms may use NFV SD-WAN Management solutions to increase network performance for vital applications, link remote clinics and telemedicine apps securely, and lessen outages and interruptions. Another significant sector in the NFV SD-WAN Management Market is the retail business vertical. NFV SD-WAN Management solutions are being adopted by retail companies to enhance customer experience, streamline processes, and cut costs. NFV SD-WAN Management solutions are being used by BFSI companies to increase network security, save costs, and enhance customer experience. Government enterprises are implementing NFV SD-WAN Management solutions to boost security, save costs, and improve citizen services.

NFV SD-WAN Management Market Segmentation – By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

One of the biggest markets for NFV SD-WAN Management solutions is North America, which has one of the highest rates of adoption of cutting-edge networking technologies as well as a number of key companies and cloud service providers. It is projected that the region will continue to dominate the market throughout the projection period due to the high demand for NFV and software-defined networking (SDN) technologies. Europe is another crucial market for NFV SD-WAN Management products since cloud-based solutions are so commonly employed there. Asia Pacific is one of the regions where demand for NFV SD-WAN Management solutions is growing at the fastest rate due to the rising usage of cloud-based solutions, growing need for digital transformation, and growing emphasis on network automation and virtualization. The Rest of the World region is also anticipated to witness significant growth in the NFV SD-WAN Management Market due to the increasing demand for advanced networking solutions.

NFV SD-WAN Management Market Segmentation – Key Players

The NFV SD-WAN Management Market has several key players operating in the market, including:

1. Cisco Systems, Inc.
2. VMware, Inc.
3. Nokia Corporation
4. Huawei Technologies Co., Ltd.
5. Juniper Networks, Inc.
6. Silver Peak Systems, Inc.
7. Fortinet, Inc.
8. Versa Networks, Inc.
9. Citrix Systems, Inc.
10. Infovista S.A.