Enterprise Wireless Local Area Network Market size is set to surpass USD 35 billion by 2027, according to a new research report by Global Market Insights Inc.
The enterprise WLAN market growth is due to enterprise-wide demand to provide robust and secure wireless services to their employees. The consistently increasing number of mobile devices and need for supportive network infrastructure are contributing to the demand for enterprise WLAN solutions. In addition, the rising adoption of Bring Your Own Device (BYOD) policies across industry verticals is fueling the demand for diverse hardware & software solutions in the market.
Growing demand across organizations to improve network performance across enterprise infrastructure to propel the uptake of WLAN solutions
The market expansion is attributed to a rising need to enhance the performance and security of enterprise infrastructure. The deployment of enterprise WLAN network enables companies to leverage centralized configuration and manage networks consisting of several access points. It also facilitates resilient network connectivity that eliminates the risk of disruptions. Moreover, companies ensure optimized end-user experience through seamless connectivity. Thus, demand for enterprise WLAN hardware & software solutions along with managed services across enterprises is anticipated to grow significantly and contribute to the market revenue.
Phasing out of legacy network systems and expanding wireless connectivity will augment wireless access points in the market
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Wireless access point in the hardware segment will account for 30% of the market share by 2027 owing to an extensive demand to integrate Wi-Fi client and wired network infrastructure. Modern wireless access points feature built-in diagnostics & security capabilities and expand the remote workplace desk experience. As enterprises are focusing on expanding their business environments, the need to extend local area network with better bandwidth capacity will enable the demand for wireless access points, influencing the market value.
Browse key industry insights spread across 320 pages with 422 market data tables and 29 figures & charts from the report, “Enterprise Wireless Local Area Network (WLAN) Market Size, By Component (Hardware [Wireless Access Points, Access Point Antenna, Wireless LAN Controller, Multigigabit Switches, Wireless Location Appliance], Software [WLAN Security, WLAN Analytics, WLAN Management], Service [Professional Service, Managed Service]), By Organization Size (SMEs, Large Enterprises), By Application (BFSI, IT & Telecom, Healthcare, Retail, Government, Hospitality, Education), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Need to resolve network complexities and deployment of diverse protocols to boost the demand for WLAN management software
The WLAN management software segment is projected to witness a considerable growth over the forecast timeline. The WLAN management software systems feature robust monitoring and access point management capabilities. The software helps in comprehensive wireless switch and access point management along with performance assessment functions. Companies can benefit from optimized strength, network traffic, and resource utilization. These advanced capabilities and protocol integration functions are contributing to the demand from enterprises for WLAN management software, supporting the market growth.
Need for managed wireless LAN solutions and growing penetration of cost-effective enterprise WLAN solutions are driving the SMEs segment growth
The demand and acceptance of cost-effective WLAN solutions & services by SMEs will spur the enterprise wireless local area network market expansion. The major factors including limited technology expertise and expenditure budgets have been limiting the usage of WLAN networks across SMEs. Considering these factors, several enterprises in the market are developing sophisticated systems for startup companies.
Extensive adoption of smart technologies across the hospitality sector and availability of WLAN solutions to support the industry growth
The hospitality segment is expected to grow at a CAGR of more than 20% till 2027. Hospitality enterprises are required to provide personalized guest experience along with high-quality communication. The increasing demand to ensure high-speed wireless network for multiple IoT and connected devices is fostering hotel enterprises to adopt enterprise WLAN solutions. Several prominent enterprises, such as Alcatel Lucent Enterprises and CommScope Inc., offer sophisticated WLAN solutions to ensure robust wireless connectivity.
Extensive digitization and enterprise-wide transitioning toward wireless networks to fuel the industry revenue
Europe enterprise WLAN market held over 25% of revenue share in 2020, which is attributed to telecom infrastructure expansion and extensive digitization. Furthermore, the industry-wide acceptance of work from home and BYOD policies across countries in the region is estimated to drive the demand for enterprise WLAN solutions. For instance, in May 2020, according to the Ministry of Labour, France, approximately 25% of the employees in France worked remotely. The expansive digitization and BYOD workflows across enterprises are contributing to the market demand.
Focus on inorganic growth strategies by key players to impel the market share
Companies operating in the market are emphasizing on innovative initiatives to increase the awareness and distribution of their portfolio. For instance, in September 2020, Z-COM, Inc. unveiled a remote live demo program to launch multiple enterprise WLAN hardware components. The company launched advanced access points and wireless LAN controller solutions through this program. This helped the company to ensure an enhanced customer engagement amid the COVID-19 pandemic.
Some of the key leaders operating in the market include ADTRAN, Inc., Alcatel Lucent (ALE International), Allied Telesis, Arista Networks, Inc., Aruba Networks, Boingo Wireless, Cambium Networks, Cisco Systems, Inc., CommScope, Inc., D link Corporation, Dell Technologies, Extreme Networks, Fortinet, Inc., H3C Technologies Co., Ltd., Huawei Technologies Co., Ltd., Juniper Networks, Inc., LANCOM Systems GmbH, Netgear, Inc., Ruijie Networks, TP-Link Technologies Co., Ltd., and Ubiquiti, Inc.