Transformative Mega Trends Drive the Global Secure SD-WAN Market, Forecast to 2024

Transformative Mega Trends Drive the Global Secure SD-WAN Market, Forecast to 2024

Technology Strategy Driven by the Convergence of Security and SD-WAN

RELEASE DATE
28-Jan-2021
REGION
North America
Research Code: PB4F-01-00-00-00
SKU: IT04275-NA-MT_25214

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Description

Secure SD-WAN refers to solutions (product or services) that offer SD-WAN connectivity and security capabilities to create a secure SD-WAN environment to protect remote branches, users, devices, and cloud applications from cyber threats when connected to external Internet and cloud services using insecure Internet broadband and/or cellular networks.

Based on Frost & Sullivan’s Strategic Imperative 8 ™analysis, the three strategic imperatives that affect the growth of the global OT cybersecurity market are:
• Transformative Mega Trends: The traditional network architecture is struggling to cope in today’s new cloud-oriented environment. Software-defined networking is becoming more popular than ever. Network vendors, security vendors, and service providers are all trying to capitalize on the trend to cloud.
• Internal Challenges: Most businesses have separate network and cybersecurity teams. These teams typically work independently as they source for solutions for the enterprise. IT teams today must deal with increased complexity: supporting digital transformation projects, maintaining legacy apps across various deployment both on-premise and on cloud, while maintaining cybersecurity.
• Disruptive Technologies: With the emergence of faster Internet connectivity, accelerating cloud adoption and new 5G deployments globally, secure SD-WAN enables easier dynamic management for a distributed enterprise to improve employee and customer experience. The network is now vital to enterprises, particularly in banking, retail, and manufacturing industries.

In the study, market trends are analyzed for the study period 2019 to 2024, with the base year being 2019. Frost & Sullivan estimates that overall, the global Secure SD-WAN market will achieve a revenue of $859.0 million by 2024 at close to 20% CAGR. In 2019, North America was the largest market, accounting for more than 50% of the market revenue, followed by Europe, with less than 50% of the market revenue. Although APAC was the smallest secure SD-WAN market in 2019, it is expected to grow the fastest in the next 5 years.

This study covers 11 key secure SD-WAN vendors, including Barracuda, Cisco, Citrix, Forcepoint, Fortinet, Nuage, Silver Peak, Versa, VMware, Huawei, and Palo Alto.

There is an explanation of the secure SD-WAN architecture of each participant, and revenue estimates are provided for 2019. Both global and regional market size and market share are estimated, forecasted, and analyzed. The research service covers years from 2019 to 2014, providing a clear view for the reader to understand the industry trend.

Key Issues Addressed

  • What is secure SD-WAN? What are the inclusion criteria?
  • What were the key market trends? What are the key market drivers and restraints?
  • What is each vendor’s secure SD-WAN architecture like? How does it achieve secure SD-WAN?
  • What is each vendors’ estimated SD-WAN and secure SD-WAN revenue? What is the detailed regional revenue breakdown for each vendor?
  • What is the market growth forecast like from 2019 to 2024?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Secure SD-WAN Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

What is SD-WAN?

Understanding SD-WAN

Introduction to Secure SD-WAN: Enhanced Security Feature

Definition of Secure SD-WAN

Secure SD-WAN Market Scope Of Analysis

Geographic Coverage

Estimation Assumptions

Secure SD-WAN Market Development Trends

Secure SD-WAN Accelerates the Marriage of Networking and Security Teams

Key Inclusion and Exclusion Criteria for Secure SD-WAN

Stateful Firewall not Counted as Secure SD-WAN

Key Requirements of Secure SD-WAN Solutions

Key Growth Metrics for the Secure SD-WAN Market

Growth Drivers for the Secure SD-WAN Market

Growth Driver Analysis for the Secure SD-WAN Market

Growth Driver Analysis for the Secure SD-WAN Market (continued)

Growth Restraints for the Secure SD-WAN Market

Growth Restraint Analysis for the Secure SD-WAN Market

Growth Restraint Analysis for the Secure SD-WAN Market (continued)

Revenue Forecast—Secure SD-WAN Market

Regional Performance—Secure SD-WAN Market

Revenue Forecast by Region—Secure SD-WAN Market

Revenue Forecast Analysis by Region—Secure SD-WAN Market

Competitive Environment—Secure SD-WAN Market

Revenue Share—Secure SD-WAN Vendor Market

Revenue Share—Secure SD-WAN Vendor Market: APAC

Revenue Share—Secure SD-WAN Vendor Market: North America

Revenue Share—Secure SD-WAN Vendor Market: Europe

Company Profile—Cisco

Company Profile—Citrix

Company Profile—Forcepoint

Company Profile—Fortinet

Company Profile—Nuage

Company Profile—Silver Peak

Company Profile—Versa Networks

Company Profile—VMware

Company Profile—Huawei

Company Profile—Barracuda

Company Profile—Palo Alto

Growth Opportunity 1: Enterprises Continue to Look at Gaining Cost Efficiencies by Leveraging on Alternative Connectivity Options, 2021

Growth Opportunity 1: Enterprises Continue to Look at Gaining Cost Efficiencies by Leveraging on Alternative Connectivity Options, 2021 (continued)

Growth Opportunity 2: Network Teams That Manage SD-WAN Must Now Meet More Cybersecurity Requirements, 2021

Growth Opportunity 2: Network Teams That Manage SD-WAN Must Now Meet More Cybersecurity Requirements, 2021 (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
Secure SD-WAN refers to solutions (product or services) that offer SD-WAN connectivity and security capabilities to create a secure SD-WAN environment to protect remote branches, users, devices, and cloud applications from cyber threats when connected to external Internet and cloud services using insecure Internet broadband and/or cellular networks. Based on Frost & Sullivan’s Strategic Imperative 8 ™analysis, the three strategic imperatives that affect the growth of the global OT cybersecurity market are: • Transformative Mega Trends: The traditional network architecture is struggling to cope in today’s new cloud-oriented environment. Software-defined networking is becoming more popular than ever. Network vendors, security vendors, and service providers are all trying to capitalize on the trend to cloud. • Internal Challenges: Most businesses have separate network and cybersecurity teams. These teams typically work independently as they source for solutions for the enterprise. IT teams today must deal with increased complexity: supporting digital transformation projects, maintaining legacy apps across various deployment both on-premise and on cloud, while maintaining cybersecurity. • Disruptive Technologies: With the emergence of faster Internet connectivity, accelerating cloud adoption and new 5G deployments globally, secure SD-WAN enables easier dynamic management for a distributed enterprise to improve employee and customer experience. The network is now vital to enterprises, particularly in banking, retail, and manufacturing industries. In the study, market trends are analyzed for the study period 2019 to 2024, with the base year being 2019. Frost & Sullivan estimates that overall, the global Secure SD-WAN market will achieve a revenue of $859.0 million by 2024 at close to 20% CAGR. In 2019, North America was the largest market, accounting for more than 50% of the market revenue, followed by Europe, with less than 50% of the market revenue. Although APAC was the smallest secure SD-WAN market in 2019, it is expected to grow the fastest in the next 5 years. This study covers 11 key secure SD-WAN vendors, including Barracuda, Cisco, Citrix, Forcepoint, Fortinet, Nuage, Silver Peak, Versa, VMware, Huawei, and Palo Alto. There is an explanation of the secure SD-WAN architecture of each participant, and revenue estimates are provided for 2019. Both global and regional market size and market share are estimated, forecasted, and analyzed. The research service covers years from 2019 to 2014, providing a clear view for the reader to understand the industry trend.--BEGIN PROMO--

Key Issues Addressed

  • What is secure SD-WAN What are the inclusion criteria
  • What were the key market trends What are the key market drivers and restraints
  • What is each vendor’s secure SD-WAN architecture like How does it achieve secure SD-WAN
  • What is each vendors’ estimated SD-WAN and secure SD-WAN revenue What is the detailed regional revenue breakdown for each vendor
  • What is the market growth forecast like from 2019 to 2024
More Information
No Index No
Podcast No
Author Yu Hung Lin
Industries Information Technology
WIP Number PB4F-01-00-00-00
Is Prebook No
GPS Codes 9532-C1,9659,9655,9681-C1,9721