ZK Research defines digital transformation as the application of technology to create new business services and processes by leveraging the convergence of people, processes and networked things. Digital innovation involves companies transforming business operations to generate more revenue, lower costs and achieve unprecedented levels of efficiency in order to gain a sustainable competitive advantage in their markets.
These rapid changes across all industries are yielding a harsh reality for today’s business and IT leaders. Digitization has altered and will continue to change the landscape in every market. Organizations must be willing to become highly agile and disrupt themselves before they are disrupted.
However, being an agile business has its challenges, as it requires an agile IT foundation. But organizations are becoming more dynamic and distributed, making the network significantly more important. Businesses that want to move faster and leverage the full potential of digital transformation must evolve not only their network, but also how they manage it.
The architecture used to build wide-area networks (WANs) was designed decades ago to sup- port client/server applications and best effort internet traffic. The evolving application environment is putting new demands on the WAN that cannot be met by using a traditional network. To adapt, businesses have been looking to software-defined WANs (SD-WANs), which is why the SD-WAN market is one of the fastest growing segments of technology spending. The ZK Research 2018 SD- WAN Forecast projects that SD-WAN revenue will grow from $1.0 billion in 2017 to $9.5 billion in 2022.
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