Dublin, March 27, 2024 (GLOBE NEWSWIRE) -- The "Workspace Delivery Network Market Report by Type (Traditional WAN, SD-WAN), Application (IT and Telecommunication, Government Institutions, Research and Consulting Services, and Others), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global workspace delivery network market reached US$ 2.1 billion in 2023. Looking forward, the market is anticipated to reach US$ 3.2 billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.
The workspace delivery network market is experiencing significant growth due to the increasing demand for flexible and remote work culture and the emerging popularity of mobility and bring-your-own device (BYOD). As organizations adopt remote work and distributed workforce models, there is a growing need for efficient and secure delivery of workspace resources. Workspace delivery networks enable seamless access to applications, data, and services from any location, enabling employees to work remotely with the same level of productivity and collaboration as in traditional office environments. In addition, the widespread adoption of cloud computing and virtualization technologies represents another major growth-inducing factor. Workspace delivery networks leverage cloud-based infrastructure and virtualization to streamline the deployment and management of workspaces across multiple devices and platforms.
Besides this, the surging need for data security is also contributing to market growth. These networks can enhance security by incorporating security features and ensuring secure access to applications and resources, protecting sensitive data from unauthorized access and potential threats. Moreover, the market is also propelled by the scalability and flexibility offered by these solutions. As organizations grow and adapt to changing business needs, scalability and flexibility become crucial. A workspace delivery network can provide the scalability required to accommodate new users, workspaces, and locations, allowing businesses to expand without significant disruptions. Furthermore, ongoing digital transformation initiatives across industries are fueling the demand for workspace delivery networks. These networks provide a unified and centralized platform for deploying, monitoring, and optimizing workspaces, enabling organizations to embrace digital transformation and enhance their overall competitiveness.
Key Market Segmentation
The report provides an analysis of the key trends in each segment of the global workspace delivery network market report, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on type, application, and region.
Type Insights:
- Traditional WAN
- SD-WAN
Application Insights:
- IT and Telecommunication
- Government Institutions
- Research and Consulting Services
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, Asia-Pacific was the largest market for workspace delivery network. Some of the factors driving the Asia Pacific workspace delivery network market included rapid digital transformation, emerging popularity of mobility and bring your own device (BYOD) and surging need for data security.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global workspace delivery network market. Also, detailed profiles of all major companies have been provided. Some of the companies covered include:
- Bigleaf Networks Inc.
- Cisco Systems Inc.
- Citrix Systems Inc.
- F5 Inc.
- FatPipe Networks Inc.
- Juniper Networks Inc.
- Radware Inc.
- Riverbed Technology
- Hewlett Packard Enterprise Development L.P.
(Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report)
Key Attributes
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $2.1 Billion |
| Forecasted Market Value (USD) by 2032 | $3.2 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/dozj5c
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