Report: COVID-19 takes a bite out of carrier managed SD-WAN revenue

networking
According to ENS research released by Vertical Systems Group, managed carrier SD-WAN revenue takes a dip due to the impact of COVID-19, but will rebound in Q4. (Pixabay)

After posting a triple-digit revenue increase last year, the growth outlook for carrier managed SD-WAN has been lowered by 17%, according to a report. According to research by Vertical Systems Group, the corornavirus pandemic was the primary factor for lowering the growth outlook for this year.

Despite the decrease, Vertical Systems Group forecast there would be "measurable" economic recovery in the fourth quarter of this year, with revenue rebounding next year through 2024.

RELATED: AT&T, Hughes and Verizon top Vertical Systems Group's SD-WAN Leaderboard

Fierce AI Week

How Fierce are you about applying AI to your business?

The editorial teams behind Fierce Life Sciences, Fierce Healthcare, Fierce Telecom and Fierce Electronics bring you Fierce AI Week, August 10-12. This is the only virtual event focused on the application of AI to drive business, customer and process value through a discuss, debate and define format. #FierceAI #BeFierce #FierceAIWeek

In April, Vertical Systems Group announced that for the second straight year, AT&T, Hughes and Verizon, respectively, held down the top three spots on its Leaderboard. Following those three, in order were, CenturyLink, Windstream, Aryaka and Comcast. Those top-seven service providers each accounted for 2% or more of the installed and billable carrier managed SD-WAN customer sites across the U.S. at the end of last year.

Vertical Systems Group defines a carrier managed SD-WAN service as a carrier-grade offering for business customers that is managed by a network operator, utilizes an SDN architecture, enables dynamic customer edge site connectivity, and provides centralized network control and end-to-end visibility.

Suggested Articles

Verizon Business and IBM have joined forces on creating a new monitoring solution for enterprises that combines 4G, 5G and edge computing.

Microsoft is bringing its cloud, AI and IoT expertise into a partnership with Land O'Lakes to help farming become more stable and profitable.

Vodafone Business checked the pulse of how business have handled the COVID-19 crisis, and found that "future ready businesses" will thrive.