The arrangement of allowing employees to work from home has facilitated business organizations to invest in IT infrastructure and consequently a wide area network (WAN) optimization solutions for monitoring each employee's work remotely. WAN optimization solutions play an important role in managing enterprise networks. It helps enterprises to minimize the total operational expenses by delivering optimal efficient networks..
MARKET SCOPE
The "Global WAN Optimization Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the WAN optimization market with detailed market segmentation by solution, service, deployment type, end user and geography. The report provides key statistics on the market status of the leading WAN optimization market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on solution, the global WAN optimization market is segmented into network monitoring solution, application performance management, TCP optimization solution, hybrid network optimization solution, others
? On the basis of service, the market is segmented into professional services, deployment and integration services, training and support services
? Based on deployment, the market is bifurcated into on-premises, cloud
? Based on end user, the market is bifurcated into enterprises and network operators, communication service providers, cloud service providers
MARKET DYNAMICS
Drivers:
? Rising need to ensure users' quality of experience and productivity.
? Rising number of data centers and branch offices.
Restraints:
? High capital and operational expenditure for WAN optimization solution
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The WAN optimization market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the WAN optimization market in these regions.
IMPACT OF COVID-19 ON WAN OPTIMIZATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the WAN optimization market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from WAN optimization market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the WAN optimization market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Array Networks, Inc.
? Aryaka Networks Inc.
? Cisco Systems, Inc
? Citrix System, Inc.
? FatPipe Networks Inc.
? Infovista
? Riverbed Technology, Inc.
? Silver Peak, Inc.
? Symantec (Broadcom)
? Virtual Graffiti, Inc.