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(Wireless-NewsWire.Com, June 08, 2018 ) The global enterprise WLAN market is expected to grow from USD 5.53 Billion in 2016 to USD 21.10 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 30.7%. The rapidly growing market for enterprise WLAN technology is expected to influence the cloud technology as well as Internet of Things (IoT) market, and thereby considerably increase market competitiveness. Moreover, technological advancements are expected to increase WLAN applications in numerous industry sectors.
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Among enterprise WLAN hardware, the access points segment has the fastest growing market during the forecast period. The introduction of wireless access point technologies in the industrial environment is a challenging goal, with high potential benefits on increasing flexibility and reduced costs; this is basically true for industrial automation and robotics. In the automation scenario, there are several solutions available, and IEEE 802.11n is a standard that overcomes most of the constraints on the part of automation. In enterprise WLAN, an access point is a device that allows wireless devices such as smartphones and tablets to connect with a wired network using Wi-Fi. The WLAN access point is forecast to be one of the highest growth segments in the enterprise WLAN market.
Among enterprise WLAN market by service, the professional services segment is the largest contributor during the forecast period, whereas the managed services segment is expected to grow at the highest CAGR. With increase in the number of mobile devices connecting to the wireless network, users have started using an increasing number of bandwidth-intensive applications, which in turn has led to decrease in the efficiency of networks. To maintain bandwidth and latency of the network to provide efficient and effective services to end-users, it becomes very important to manage and optimize the services of enterprise WLAN.
The municipality and public infrastructure vertical is the fastest growing vertical in the enterprise WLAN market. The municipality and public agencies have the incomparable challenge of protecting operational information as a matter of national security. These mission-critical environments cannot afford to have downtime in networks. Through the solutions in enterprise WLAN, the agencies can keep track of the issues before a problem arises. The dashboards available in enterprise WLAN solutions such as traffic analyzer, configuration management, and performance monitoring can be used as automated network tools for solving such problems.
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Among regions, North America is projected to have the largest market share and is expected to dominate the enterprise WLAN market from 2016 to 2021. Correspondingly, during the same period, APAC is expected to showcase a significant growth potential and is projected to grow at the highest CAGR for the enterprise WLAN market. This is backed by the existence of a large population, increasing customer awareness, developing technology hubs, and affluent countries such as South Korea, Singapore, and Hong Kong.
However, due to lack of awareness, expertise, and other operational challenges, most of the organizations struggle to optimally utilize the full potential of enterprise WLAN technologies. This has been significantly hindering the growth of the enterprise WLAN market. Technological giants such as Huawei, Juniper, and Cisco Systems have adopted various growth strategies such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to expand their global presence and increase their market shares in the global enterprise WLAN market.
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