Managed SD-WAN Services Market size was over USD 1.32 billion in 2024 and is projected to reach USD 52.74 billion by 2037, growing at around 32.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of managed SD-WAN services is assessed at USD 1.67 billion. The reason behind the growth is impelled by the growing spending on IT and Telecom industry across the globe. In the telecommunications industry, businesses are spending more than ever before as they aim to leverage several geographic and sectoral growth hotspots and leverage new technologies to stay competitive in a rapidly evolving business landscape.
For instance, spending on communications services in 2023 reached over USD 1 trillion, an increase of approximately 3% from the previous year.The growing acquisitions and partnerships are believed to fuel the market growth. For instance, Etisalat by e& together with Versa Networks, VeloCloud, and Fortinet expanded its portfolio for managed software-defined wide area network (SDWAN) services that will allow businesses to benefit from increased operational efficiency, increased security measures, and flexible and responsive networking solutions, which are essential to meeting the dynamic needs of modern business environments.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?