North American Market Forecast
WAN Optimization Controller Market in North America currently holds a dominant revenue share of about 33% due to the widespread usage of cloud-based apps, the existence of hyperscale data centers, and telecommunications infrastructure There are 4,422 colocation data centers, of which 80% are located in industrialized nations and 40% are accounted for in the United States, according to UNCTAD. In the United States, the digital economy in 2019 generated 6.9% of GDP in a restricted definition and 21.6% of GDP in a broad one. This supported the market's expansion in the region beneficially. Additionally, American businesses are in a strong position to maintain their leadership in cloud-based wide-area networks. In addition, the increasing prevalence of internet usage in nearly every place is another factor contributing to the market's rise in the North America region.
European Market Statistics
WAN Optimization Controller Market in Europe had a 27% revenue share, placing it second globally. A sizeable portion of the WAN optimization controller are produced by major businesses in the Europe region. The European market is primarily impacted by rising client uptake and quick regional international expansion. In Europe, several multinational corporations are growing their operations. For example, a global strategic alliance was formed in 2018 between Silver Peak, a U.S.-based company, and KDDI Europe to provide one-stop tiered managed SD-WAN optimization services in Europe.
Author Credits: Abhishek Verma
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