Global WAN Optimization Solutions Market 2018-2022
About WAN Optimization Solutions
Wide area network (WAN) optimization solution is used to maximize the efficiency of data flow across a WAN. In an enterprise, the goal of WAN optimization solution is to increase the speed of access to critical applications and information.Technavio’s analysts forecast the global WAN optimization solutions market to grow at a CAGR of 18.43% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global WAN optimization solutions market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global WAN Optimization Solutions Market 2018-2022
Technavio recognizes the following companies as the key players in the global WAN optimization solutions market: Array Networks, Cisco Systems, Citrix Systems, Riverbed Technology, and Symantec.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of smart cities. With the growing number of smart cities depending on public network Wi-Fi networks, the need for WAN optimization solutions has surged in the recent years to maximize the data flow across the wide area network connecting smartphones and automated home appliances.”
According to the report, one driver in the market is increasing demand for data center. With the rising demand for storing data in disparate storage systems in varied geographic locations, the role of WAN optimization has become imminent in the recent years. WAN optimization speeds up the data transfer process by eliminating duplication of data, in turn, providing protection from cyber threats.
Further, the report states that one challenge in the market is high cost of WAN optimization. The global WAN optimization solution is capital-intensive. The primary cost inhibitors in deployment of WAN optimization technology are the cost of appliance purchases with annual software maintenance; the internal people cost of managing and maintaining the appliances; and the monthly cost of multiprotocol label switching (MPLS) service.
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