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Software-defined Wide Area Network (SD-WAN) Market size is set to grow by USD 13.66 billion from 2024-2028, Rising demand for cloud solutions to boost the market growth, Technavio

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NEW YORK, May 29, 2024 /PRNewswire/ — The global software-defined wide area network (SD-WAN) market  size is estimated to grow by USD 13.66 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  29.02%  during the forecast period. 

For more insights on the forecast market size and historic data (2018 – 2022) – Download Free sample report in a minutes 

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Solutions and Services), End-user (Service providers and Enterprise customers), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Arista Networks Inc., Aryaka Networks Inc., Bigleaf Networks Inc., Cato Networks Ltd., Cisco Systems Inc., Citrix Systems Inc., FatPipe Networks Inc., flexiWAN Ltd. , Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Juniper Networks Inc., Lumen Technologies Inc., Nokia Corp., Oracle Corp., Palo Alto Networks Inc., Riverbed Technology Inc., Versa Networks Inc., and VMware Inc.

Key Market Trends Fueling Growth

The SD-WAN market is experiencing increased demand for advanced technologies like AI and ML. These technologies enable effective network management, automating tasks such as event correlation and fault detection. Benefits include bandwidth utilization, actionable insights, and trend detection. Vendors like Cisco are integrating these capabilities, offering WAN optimization, network management, and fault prediction. 

The Software-defined Wide Area Network (SD-WAN) market is experiencing significant growth due to the increasing demand for secure and efficient network connectivity solutions. Cost-effective bandwidth and the ability to prioritize applications are key trends driving this market. SD-WAN technology enables companies to combine multiple types of connections, such as broadband and MPLS, to create a more flexible and cost-effective network.

Additionally, the integration of security features, like firewalls and intrusion prevention, is becoming increasingly important for businesses. The use of cloud services and the need for remote workforces are also contributing to the growth of the SD-WAN market. Overall, SD-WAN offers businesses a more agile and cost-effective solution for their network connectivity needs. 

Market Challenges

•         The SD-WAN market offers numerous advantages over traditional WAN, but enterprises must carefully consider requirements before implementation. Challenges include interoperability with legacy infrastructure, potential operational issues from incorrect implementation, and choosing the right SD-WAN solution from various vendors.

•         Businesses with limited resources may opt for managed services. High bandwidth needs from new technologies like big data analytics could pose implementation constraints. Effective measures include understanding business requirements, predicting workloads, setting SLAs, and choosing the right SD-WAN solution.

•         The Software-defined Wide Area Network (SD-WAN) market is experiencing significant growth due to the increasing demand for secure and efficient network connectivity solutions. However, the implementation of SD-WAN comes with certain challenges. One major challenge is ensuring security, as SD-WAN relies on the internet for connectivity, making it vulnerable to cyber threats.

•         Another challenge is the complexity of SD-WAN technology, which requires specialized skills and resources for deployment and management. Additionally, cost is a concern for many organizations, as SD-WAN can be more expensive than traditional WAN solutions. Furthermore, ensuring interoperability with various applications and services is also a challenge.

•         To address these challenges, SD-WAN vendors are focusing on providing robust security features, simplifying deployment and management processes, and offering flexible pricing models.

Research report provides comprehensive data on impact of trend, driver and challenges – Download Free sample report in a minutes 

Segment Overview 

Product 1.1 Solutions1.2 ServicesEnd-user 2.1 Service providers2.2 Enterprise customersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Solutions-  SD-WAN is a secure networking solution that links users to applications through various transport services like MPLS, LTE, and broadband internet. Businesses can outsource SD-WAN services to managed service providers (MSPs/CSPs), who offer networking, transport, hardware, and software for specified branches with SLAs for uptime and performance. Regular IT maintenance is crucial to keep SD-WAN costs low, and providers offer additional services for setup, integration, and maintenance, driving the SD-WAN market’s growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Software-defined Wide Area Network (SD-WAN) market is experiencing significant growth due to the increasing demand for WAN simplification and cost reduction in various sectors, including SMEs, healthcare, energy and utilities, and transportation and logistics. SD-WAN solutions enable bandwidth efficiency and reliability, making them an ideal choice for managing cloud IP traffic and supporting digital transformation initiatives.

With the advent of 5G, SD-WAN is becoming increasingly crucial for enhancing application performance and network security in industries such as industrial IoT (IIoT), smart cities, and mobility. Furthermore, SD-WAN plays a vital role in hybrid cloud environments, edge computing, and zero trust network access (ZTNA), offering significant operating cost savings and improved connectivity. Additionally, AI and Big data integration in SD-WAN solutions provide valuable insights for network infrastructure management and cybersecurity.

Market Research Overview

The Software-defined Wide Area Network (SD-WAN) market represents a significant advancement in network technology, enabling organizations to optimize their wide area network performance. SD-WAN utilizes a centralized control function, enabling the automation of network configuration and policy management. This technology allows for the prioritization of applications and the seamless integration of various connectivity types, including broadband and cellular.

The flexibility and agility offered by SD-WAN make it an attractive solution for businesses seeking to improve their network efficiency and reduce costs. Additionally, SD-WAN’s ability to provide real-time analytics and automated failover ensures business continuity and network reliability. Overall, the SD-WAN market is poised for growth as more organizations adopt this innovative technology to transform their network infrastructure.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSolutionsServicesEnd-userService ProvidersEnterprise CustomersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Explore Xinjiang with Deer: 9-Episode Adventure

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BEIJING, Dec. 26, 2024 /PRNewswire/ — A news report from xinhuanet:   

 

Join Deer on a 9-episode micro-series exploring the vibrant culture, rich traditions, and modern lives of Xinjiang’s people. From the bustling Grand Bazaar to the ancient Karez wells, and from the melodies of Muqam to the warmth of multi-ethnic communities, this journey reveals a thriving, diverse, and authentic Xinjiang far beyond stereotypes.

 

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SOURCE xinhuanet

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Trinasolar Collaborates with Energy China ZTPC and AMEA Power to Deploy Innovative Energy Storage Solution for the 300MWh Abydos Solar PV Project in Egypt

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Trinasolar, a global leader in smart PV and energy storage solutions, proudly announces its strategic partnership with AMEA Power to supply its cutting-edge Elementa 2 platform (5MWh) for the 300MWh Abydos Battery Energy Storage Project in Aswan, Egypt. This landmark project is the largest solar PV initiative in Africa and the first to incorporate a utility-scale Battery Energy Storage Solution (BESS) in Egypt.

Developed by AMEA Power, the Abydos Solar PV Project is a transformative expansion of the existing 500MW Abydos Solar PV power plant, which is in operation, in Kom Ombo, Aswan Governorate. By pioneering the integration of a 300MWh BESS, the project underscores Egypt’s commitment to sustainable energy innovation and resilience.

The inauguration ceremony for the 500MW Abydos Solar Power Plant, organized by AMEA Power, was attended by esteemed dignitaries, including His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, and His Excellency Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy in Egypt, alongside Trinasolar executives.

As Trinasolar’s first energy storage project in the Middle East and Africa (MEA), Abydos represents a major milestone for the company and the region. Highlighting Trinasolar’s commitment to the MEA market, Vincent Wu, Global Sales VP & MEA MU Head at Trinasolar, stated: “This groundbreaking project highlights Trinasolar’s vital role in driving innovation, ensuring safety, and supporting the region’s transition to a more sustainable and dependable energy future. We are proud to contribute to such a transformative endeavor, bringing clean energy to Egypt and setting a benchmark for utility-scale energy storage solutions in North Africa.”

Hussain Al Nowais, Chairman of AMEA Power, added: “AMEA Power is dedicated to advancing renewable energy projects that make a significant impact. The integration of Trinasolar’s innovative Elementa 2 technology at the Abydos Solar PV Project represents a key step forward in Egypt’s energy landscape and exemplifies the power of collaboration in achieving sustainability goals.”

Energy china ZTPC, founded in 1958, belongs to Energy China Construction Group Co., LTD. After decades of development, has become a set of thermal power stations, nuclear power plants, clean energy projects, power plant maintenance and repair, power grid project construction as one of the general contracting and professional contracting enterprises. The 500MW Abydos Solar Power Plant has been commercially operated. Zhang Dan, Vice President Director, stated: “Abydos project is a milestone for Egypt as well as for ZTPC. We will fully dedicate ourselves to the project construction, contributing to the energy transition in the Egyptian region.”

The deployed Elementa 2 platform (5MWh), featuring Trinasolar’s in-house vertically integrated LFP cells, is an advanced grid-scale battery storage system built for efficiency, safety, and reliability. Key features include an innovative module design to enhance energy density and compatibility with multiple PCS systems, precise thermal management through smart liquid cooling technology, and comprehensive safety systems with advanced fire mitigation and suppression features. Engineered for adaptability, efficiency, and cost-effective maintenance, this platform optimizes performance while reducing overall project costs.

As the first utility-scale energy storage project in North Africa, Abydos marks a new era of energy innovation. By integrating renewable energy with advanced storage solutions, the project enhances grid stability, minimizes outages, and accelerates the region’s shift toward a sustainable energy future.

Trinasolar remains at the forefront of the renewable energy revolution, delivering smart solar and energy storage solutions designed to empower a more sustainable future. With its Trina Storage portfolio, the company is setting new benchmarks in safety, efficiency, and innovation, enabling transformative projects like Abydos to enhance energy resilience and support the global transition to renewable energy. Together with its cutting-edge technology and commitment to excellence, Trinasolar continues to power sustainability across the world.

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SOURCE Trina Storage

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Huasun to Pioneer Heterojunction Solar Excellence at WFES Abu Dhabi 2025

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ABU DHABI, UAE, Dec. 26, 2024 /PRNewswire/ — Huasun Energy is set to redefine solar energy innovation at the World Future Energy Summit (WFES) 2025, scheduled from January 14-16 at the Abu Dhabi National Exhibition Centre (ADNEC). As a global leader in heterojunction (HJT) solar technology, Huasun will present advanced solutions tailored to meet the region’s unique energy demands.

Middle East is abundant in sunlight but prone to high temperatures, raises unique challenges for photovoltaic (PV) systems. At Booth Hall 7-7200, Huasun will showcase its cutting-edge n-type silicon-based HJT solar cells and modules, engineered for superior performance in extreme environments like deserts, offering:

Superior Temperature Coefficient of -0.24%/℃: HJT solar cell’s inherent bifacial symmetrical structure and distinctive material properties can facilitate enhanced charge carrier mobility and mitigate the risk of hotspots, ensuring consistent energy output even in scorching heat, with minimal power and efficiency loss.Ultra-High Bifaciality Nearing 100%: Maximizing energy capture by utilizing both direct and reflected sunlight, particularly advantageous in high-reflectivity environments such as deserts, bringing a substantial increase in overall power output of the modules.Strong Energy Yield: Absorbing more sunlight, extending the lifespan of solar panels, ensuring consistent performance over time. Take Saudi Arabia as example, Huasun’s 720W HJT module in the first year generates approximately 115 hours (6.95%) more compared to a 660W PERC module.Lower LCOE: Higher generation results in an increased IRR while reducing BOS, labour and other system costs, and thus deliver superior economic value to customers through a lower levelized cost of energy (LCOE).

Visitors at WFES will experience Huasun’s diverse product lineup, including the Himalaya G12-132 730W, Everest G12R-132 630W, G12R-108 520W modules, and ultra-high bifaciality module, which boosts near 100% bifaciality. These modules are equipped with Huasun’s innovative 0BB (Zero Busbar) HJT technology, which enhances reliability, efficiency, and cost-effectiveness, setting a new standard for solar energy solutions.

From improved energy yield in harsh conditions to cost savings and long-term durability, Huasun’s solutions are tailored to meet the growing demands of renewable energy markets worldwide.

With 8 GW+ shipments spanning over 60 countries, Huasun remains at the forefront of the solar industry, committed to advancing the global energy transition. Join Huasun at WFES 2025 to explore how its pioneering innovations are shaping the future of sustainable energy.

Contact Huasun Energy

Website: www.huasunsolar.com

Email: sales@huasunsolar.com

Follow “Huasun HJT” on LinkedIn for more heterojunction update

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