Managed SD-WAN Services Market Regional Analysis:
North American Market Insights
Managed SD-WAN Services market in North America is predicted to account for the largest share of 45% by 2035 impelled by the growing number of enterprises. The United States has long been recognized as a world leader in entrepreneurship owing to the presence of a stable political climate, diverse market opportunities, and many advantages that attract companies looking to grow and expand, and also plays an imperative role in driving productivity growth in the U.S. economy. For instance, the number of small businesses in the United States reached over 33 million, representing around 99% of all U.S. businesses in 2023.
In addition, Data centers are expanding around the US owing to the rise of big data, cloud computing, and increased demand for colocation services. Moreover, the United States had more than 2,700 data centers in 2022, and this figure reached over 5,370 data centers, more than any other country in the world in 2023. This may drive the demand for Managed SD-WAN Services in the region.
European Market Insights
The Europe Managed SD-WAN Services market is estimated to be the second largest, during the forecast timeframe led by the increasing number of internet users. Northern Europe has the maximum internet penetration rate in the world, which reflects their growing importance in modern life, coupled with the presence of online millennials, highly educated adults, and people with high incomes. Particularly, in 2021, Germany had the maximum number of internet users among all European Union (EU) countries owing to the widespread use of mobile devices and increasing Wi-Fi coverage in several areas. For instance, the number of internet users in Europe is anticipated to continue to grow by around 52 million people from 2024 to 2029.
