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The workspace delivery network market size is estimated to grow at a CAGR of 33.67% between 2023 and 2028. The market size is forecast to increase by USD 33,425.51 million. The growth of the market depends on several factors, including increasing demand for cloud-based solutions, a surge in digital transformation, and an increase in adoption of the BYOD concept among enterprises. The workspace delivery network includes network appliances that are used to provide secure digital access to end-users to access applications and data from any cloud or hybrid cloud location. Workspaces include co-working sites, enterprises (head office), branch offices, and remote locations. End-users include large enterprises and small and medium-sized enterprises.
This workspace delivery network market report extensively covers market segmentation by deployment (on-premises and cloud), type (SD-wan and traditional wan), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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Increasing demand for cloud-based solutions is the key factor driving the growth of the market. Due to the flexibility and cost benefits associated with cloud services, the adoption of cloud computing is increasing globally. Owing to numerous benefits, enterprises have started adopting cloud-based services, which will drive the workspace delivery network market. The integration of WAN optimization and SD-WAN solutions helps enterprises save costs incurred in buying, upgrading, and managing the underlying hardware and software needed.
In addition, the demand for cloud-based services has risen due to market players like Sophos, MacAfee, and Symantec offering workspace delivery networks. Moreover, market players are launching or updating cloud-based products with endpoint security, which can help them gain more customers. Therefore, the increase in the adoption of cloud-based services will boost the growth of the global workspace delivery network market during the forecast period.
Optimization of networks using advanced technologies such as AI is the primary trend in the market. AI applications in IT operations, such as configuration management and root cause analysis (RCA), are achieving considerable importance. Some essential benefits of AI in workspace delivery network solutions include automation of key tasks like event correlation, fault detection, fault isolation and remediation, effective bandwidth utilization, actionable insights to overcome future problems, and trend detection.
Moreover, the adoption of advanced technologies in workspace delivery network solutions is set to witness a significant increase as it will offer several benefits, such as WAN optimization, network management, and fault prediction. Hence, optimization of networks using advanced technologies will drive the growth of the global workspace delivery network market during the forecast period.
The lack of skilled workforce is a challenge that affects the growth of the market. The personnel employed to handle SD-WAN and WAN optimization appliances and application delivery network appliances should have the knowledge of the infrastructure and the ability to configure network infrastructures, such as switches and routers, as network infrastructure across enterprises is modernized on a year-over-year basis. In addition, the personnel are expected to understand the business needs to align the IT requirements.
Therefore, market players offering workspace delivery network solutions are encouraged to provide proper training to the personnel involved in the configuration and management of SD-WAN-enabled infrastructure, along with an understanding of the controllers offered by the players. Hence, the lack of a skilled workforce is a factor restraining the adoption of workspace delivery network appliances, thereby impeding the growth of the market during the forecast period.
The market share growth by the on-premises segment will be significant during the forecast period. For on-premises deployment, software solutions are purchased and installed on the end-user's server and maintained by the IT specialists of the organization. The market share of the segment is expected to decline due to the high cost of implementing and upgrading the workspace delivery network and limited options for scalability. On-premises workspace delivery network solutions have features such as workflow streamlining.
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The on-premises segment showed a gradual increase in the market share of USD 1,761.30 million in 2018. The on-premises deployment provides organizations with complete control over their essential data. Most organizations adopt on-premises workspace delivery network solutions as they are more secure when compared with cloud-based solutions and less vulnerable to hacking. Thus, such factors will increase the adoption of workspace delivery network solutions and drive the growth of the segment during the forecast period.
The SD-WAN segment is growing due to the numerous benefits of SD-WAN compared with traditional WAN. Factors such as cost savings, simplification, and increased agility are driving the SD-WAN segment due to the changing work culture. Hence, workspace delivery network appliances have become a part of this change. The SD-WAN segment is growing due to the increasing adoption of remote monitoring or management systems. Thus, the growth of the SD-WAN segment of the global workspace delivery network market during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The workspace delivery network market in North America is growing owing to the strong presence of IT, BFSI, and retail industries in the US. Other North American countries, such as Canada, are also contributing to the growth of the regional workspace delivery network market.
Furthermore, consumer and enterprise data traffic propel the demand for data centers in the region, owing to several factors, such as growing demand for IoT devices, rising investments in AI, implementation of autonomous technologies across enterprises, and growing investments in autonomous vehicles. IP traffic is also experiencing exponential growth, especially propelled by rising mobile data consumption and high-bandwidth applications, leveraging the growth of the workspace delivery network market in North America during the forecast period.
In 2020, the COVID-19 pandemic had a positive impact on the workspace delivery network market in North America. Industries across the region, such as telecommunication, healthcare, and government institutions, were forced to launch numerous trade activities online, leading to the widespread use of virtual private networks (VPNs) for remote work and teleconferencing in North America. Moreover, the lifting of lockdowns and large-scale vaccination drives in different countries in North America, coupled with raised funding for the development of data centers in 2021, will lead to the gradual growth of the regional workspace delivery network market during the forecast period.
The Workspace Delivery Network Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Workspace Delivery Network Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The workspace delivery network market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Workspace Delivery Network Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 33.67% |
Market growth 2024-2028 |
USD 33,425.51 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
32.51 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A10 Networks Inc., Arista Networks Inc., Aryaka Networks Inc., Bigleaf Networks Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Cloud Software Group Inc., F5 Inc., FatPipe Networks Inc., Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Juniper Networks Inc., Oracle Corp., Palo Alto Networks Inc., Riverbed Technology Inc., Versa Networks Inc., VMware Inc., and Zscaler Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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