WAN Optimization Market is valued at USD 1.15 Billion in 2018 and expected to reach USD 1.63 Billion by 2025 with the CAGR of 6.13% over the forecast period.
Increase in the demand of cloud services, as well as technological advances and rising data traffic on the network, are the major factors stimulating the growth of the Global WAN Optimization Market
Scope of Global WAN Optimization Market Report–
The WAN optimization is a kind of technology that is used to maximize the data flow efficiency over a wide area network (WAN) between an organization's centralized data center and its remote sites. Optimization in an enterprise WAN aims to increase the speed at which end users can access critical applications and information by overcoming network delays, minimizing packet loss and easing the constraints of capacity. WAN optimization allows you to quickly transfer data and perform transactions, thereby speeding up network-based communications (such as email), thereby speeding up file access speed and maximizing network speed between the slots. It also improves performance and more reliable by providing faster data recovery. The WAN optimization feature can increase network response time, allowing users to quickly regain access to critical applications after a crash. Due to the increasing use of cloud computing, network-wide applications and other technologies, businesses are facing increasing pressure on WAN settings, thereby prompting them to in optimizing their WAN. Various Businesses can significantly reduce their IT operations costs and improve user productivity by deploying WAN optimization.
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WAN Optimization Companies:
Key players of the WAN Optimization market are,
Array Networks, Blue Coat Systems, Aryaka Networks Inc., Exinda, Cisco Systems, Inc., Citrix System, Inc., FatPipe Networks Inc., Infovista, Riverbed Technology, Inc., Silver Peak, Inc., Symantec (Broadcom), Virtual Graffiti, Inc., others
The regions covered in this WAN Optimization market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market of WAN Optimization market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
WAN Optimization Market Segmentation:–
By solution: Network monitoring solution, Application performance management, TCP optimization solutions, Hybrid network optimization solution
By Services: Professional services, Deployment and integration services, Training & Support services
By deployment Type: On-premises, Cloud
By applications: Enterprises and network operators, Communication service providers, Cloud service providers
Global WAN Optimization Market Dynamics-
Various changes in IT and business requirements seek greater flexibility in WAN functions, and as data traffic on the network increases, optimization techniques become more and more important, which has a positive impact on growth in the WAN optimization market. More and more clouds are used for the deployment of WAN optimization solutions, leading more and more small and medium businesses to adopt these solutions. As per cisco, cloud infrastructure spending exceeded US $ 80 billion in 2018 and cloud data center will manage 94% of workloads by year 2021. However, high initial cost and the complex nature involved with WAN optimization is the key factor for restraining the growth of WAN optimization market. Also, various myths regarding WAN usage, such as WAN optimization doesn’t help public cloud applications, it is all about compression and caching or it doesn’t help uncompressible traffic like voice/video or encrypted enterprise applications etc. is hindering the growth in WAN optimization market. The introduction of advanced forms of WAN (i.e. next generation WAN optimization) offers opportunities for the global WAN optimization market. This advanced technology supports various data signals, including IP and Ethernet. In addition, it is also designed to effectively map these signals.
Asia pacific is expected to Witness a Fastest Growth in the Global WAN Optimization Market
North America has been the market leader so far and is expected to remain dominant in future in the global WAN Optimization market majorly due increase in the demand of cloud services as well as technological advances which is adopted by various organization in their working procedure. Additionally, there has been increase in the adoption of WAN Optimization hardware and services by many of the leading firms in the world which reside in US for improved functioning and data storing. According to data from International Data Corporation, the United States is the largest public cloud market, with an estimated expenditure of $ 124.6 billion in 2019 which is larger than the combination of next following four countries. Also, more than 60 software companies are from USA, which show the level of WAN optimization required here in this region. Asia pacific is expected to witness the fastest growth in the global wan optimization market as it consists of economies such as China, India, Japan, Australia and South Korea, and therefore has great potential for WAN optimization solutions. These countries have large populations, the potential benefits of wireless services, such as increased demand for mobile services and reduced operating costs, are the main drivers of WAN optimization solutions in the region
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