Momentum in the SD-WAN market continues. Despite a slight slowdown in the 1H due to pandemic-related supply chain and sales challenges, the market is likely to accelerate in 2H 2020 and into 2021 as the features of SD-WAN serve growing cloud demand. Futuriom expects the SD-WAN tools and software market to accelerate to a growth rate of 34% CAGR to reach $4.6 billion by 2023. The top four benefits of SD-WAN adoption include improved security, better management/agility, bandwidth optimization/cost savings, and faster cloud applications performance.
Awareness of SD-WAN is growing as the market matures, and the Work from Home (WFH) trend is giving the SD-WAN market a boost as SD-WAN integrates virtual private networking (VPN) functionality for both remote workers and enterprises branches, which is a key feature demand.
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