VeloCloud Named 2017 SD-WAN Global Market Share Leader by Industry Analyst Firm Frost & SullivanNovember 16, 2017
VeloCloud Networks, Inc., the Cloud-Delivered SD-WAN company, today announced it is the overwhelming market share leader in the SD-WAN market, according to Frost & Sullivan’s "Analysis of the Software-Defined WAN Market, 2017" report published last month. In addition to a thorough evaluation of SD-WAN market drivers, trends and forecasts, the report published the market share comparisons for 2017 of the leading SD-WAN vendors.
According to Frost & Sullivan, VeloCloud garnered 29.5 percent market share of the global SD-WAN market during 2017 for the overwhelming leadership position. This report included coverage of the leading vendors in the SD-WAN category, and ranked them according to market share results. The closest vendor to VeloCloud trails with only 14.4 percent of the industry’s market share in 2017.
According to Roopa Honnachari, Frost & Sullivan Industry Director, Business Communication Services Practice, and author of the report: "VeloCloud is the global SD-WAN market leader with highest revenues and customer site deployments. VeloCloud’s architectural vision and execution of a two-pronged strategy of addressing the needs of enterprises as well as service providers has paid rich dividends with over 50 service providers and 1000 enterprise customer wins."
Other important SD-WAN points in the report include:
- Software-defined enterprise WAN (SD-WAN) revenue of $300 million in 2017
- SD-WAN market to experience 38 percent CAGR through 2022
- Total SD-WAN Customer Sites to experience 39 percent CAGR through 2022
- North America, specifically the U.S., represents 82 percent of the SD-WAN market revenues today, followed by Europe at 10 percent and APAC at 8 percent
"While many companies claim market leadership, we are pleased to see our industry leadership confirmed by another reputed research firm like Frost & Sullivan in this SD-WAN report," said Sanjay Uppal, VeloCloud CEO and co-founder. "This designation is recognition of our clarity of vision, our winning strategy of cloud delivery, and our flawless execution on all fronts – including continuous product innovation, rapid expansion of our channel and distribution, superior marketing, world-class technology partnerships, and terrific customer service."
VeloCloud Cloud-Delivered SD-WAN enables Enterprises to securely support application growth, network agility, and simplified branch and end-point implementations while delivering optimized access to cloud services, private data centers and enterprise applications. Global Service Providers are able to increase revenue, deliver advanced services and increase flexibility by delivering elastic transport, performance for cloud applications, and integrated advanced services all via a zero-touch deployment and operations model. With over 50 Service Provider wins, VeloCloud continues to be the most broadly selected SD-WAN solution in the Service Provider arena. Both Enterprises and Service Providers benefit from the virtualized CPE (vCPE) at the edge, multi-tenant cloud gateway architecture, and the ability to support real-time applications over private, broadband, and wireless links continuing to demonstrate that The Cloud is the Network.