The new report by Expert Market Research titled, ‘Global Enterprise WLAN Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global enterprise WLAN market, assessing the market based on its segments like product component, size, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast Historical Market Size (2021): USD 6.4 billion
Forecast CAGR (2023-2028): 24.7%
Forecast Market Size (2027): USD 23.9 billion
The growing requirement for continuous connectivity for effective corporate operations can be attributed to the development of the enterprise WLAN market. The deployment of WLAN services in major companies is boosting overall market growth, as the volume of data being used grows, creating a strong desire for greater premise mobility. Furthermore, the increasing reliance on enterprise WLAN architecture is positively influencing the industry’s growth in order to meet rapidly changing business requirements, such as high bandwidth and low latency.
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The growing reliance on wifi-enabled devices to access various services is leading to the construction of a more reliable network in public indoor spaces, citywide rollouts, and across multiple modes of transportation such as trains and roadways, among other demands for high-speed data connectivity will boost the market in public sectors.These factors are expected to drive the market during the forecast period.
Industry Definition and Major Segments
WLAN easily connects to resources such as smartphones, PCs, distant offices, and data centres over a network. WLAN connectivity allows customers to connect to private or public gateways, depending on the needs of the consumer. An enterprise WLAN network is made up of a number of WiFi Access Points (APs) and is distinguished by high-quality security and performance, centralised management, and advanced user density capacity.
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By product component, the market is divided into:
• Hardware
• Software
• Services
By age size, the market is divided into:
• Large Enterprises
• Small and medium Enterprises
By end-use, the market is divided into:
• Banking, Financial Services and Insurance
• Healthcare
• Retail
• IT and Telecommunications
• Others
By region, the industry is categorized into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The market for enterprise WLAN is expanding as the healthcare sector adopts new technology in terms of medical and communication devices. The growing number of smart medical devices, such as remote monitoring devices, is driving the adoption of WLAN services in hospitals. The market is expanding due to the rising need for high-quality bandwidth for continuous connectivity to monitor real-time updates from remote devices.
The advent of new wireless standards known as WIFI6, also known as 802.11ax, will have a beneficial impact on the market due to the continued growth of network infrastructure and rising demand for high-speed internet. In addition, standards are updated on a regular basis to improve network throughput in terms of maximum speeds and transmission capacities.
Mergers and acquisitions are assisting in the shaping of the industrial landscape, which in turn is fueling market demand. Huawei and more than 30 industry partners formed an industry partnership in 5G deterministic networking at the Mobile World Congress 2019 in Shanghai. The goal of the organisation is to promote industry development and ecosystem building, as well as the development of the 5G industry. These types of events will also help to promote the enterprise WLAN industry.
Due to the presence of major market players, North America led the global enterprise WLAN market. With four 5G networks, North America has emerged as one of the top regions in terms of 5G network deployments. Telecom companies in the United States, including AT&T, Verizon, and T-Mobile, have signed multibillion-dollar deals with network equipment companies including Ericsson, Samsung, Nokia, Huawei, and ZTE to build out their 5G network infrastructure.
The ever-increasing use of smartphones has prompted businesses in the Asia-Pacific region to adopt BYOD on a significant scale, as adequate coverage within the workplace spaces is critical. This is a significant opportunity for in-building office providers, which will fuel market expansion during the forecast period. The tremendous market potential in unexplored emerging markets is expected to aid in the growth of the cough syrup industry during the forecast period.
Key Market Players
The major players in the market are Cisco Systems Inc., Dell Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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