Tata Communications, a global digital ecosystem enabler, announces that Frost & Sullivan in its report, Frost Radar™ 2021 has honoured the Company with the title of 'Growth and Innovation leader' and overall 'leader' position in the APAC Region for managed SD-WAN services market. The report focuses on leading telco providers that have full-fledged managed SD-WAN offerings in the market.
Frost Radar report states that Tata Communications caters to the growing need for SD-WAN through its comprehensive portfolio by providing a multi-vendor, network-agnostic managed services model. Tata Communications has built capabilities to enhance its customer experience by offering a dedicated team that can review SD-WAN deployments, and take corrective measures as required. Customers have access to the virtual lab for on-demand proof of concepts, demonstrations, and SD-WAN testing. To further enhance SD-WAN capabilities and meet evolving customer needs, Tata Communications has been investing in Artificial Intelligence / Machine Learning, natural language processing, network function proximity services, and universal customer premise equipment.
"Tata Communications comprehensive portfolio of managed SD-WAN has allowed it to establish a strong presence in Asia-Pacific. It offers managed SD-WAN services to verticals ranging from healthcare to manufacturing and BFSI. With a focus on innovation, enhanced security features, a wide choice of deployment options, and a strong partner ecosystem, the company offers a superior and uniquely extensive range of SD-WAN solutions in the market." - Divya Prasad, Senior Industry Analyst, Frost & Sullivan.
"We are honoured to be recognised as a 'Growth and Innovation Leader' by Frost Radar™ and our #1 position in the APAC managed SD-WAN services market is a true reflection of our focus in partnering with enterprises to rapidly scale up their digital transformation," said Srinivasan CR, Chief Digital Officer, Tata Communications. "As a digital ecosystem enabler, we have developed strong capabilities to support enterprises with their specific requirements without compromising on security and reliability."
As per the report by Frost & Sullivan, the Managed SD-WAN services market is growing at a CAGR of 43% and is estimated to be US$1.2 billion by 2025 in the APAC region.
Shares of Tata Communications Limited was last trading in BSE at Rs. 1450.95 as compared to the previous close of Rs. 1422.15. The total number of shares traded during the day was 26233 in over 1491 trades.
The stock hit an intraday high of Rs. 1460 and intraday low of 1406. The net turnover during the day was Rs. 37868918.