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The global wireless local area network market size is expected to reach of around US$ 40 Bn by 2027 and growing at a CAGR of 29% in terms of revenue during the forecast period 2020 – 2027.
WiFi, or local area network is a network category that enables the use of a wireless communication system to connect one or more devices. WLAN has a wide range of applications in the 21st century and is currently used in every industry which manages or employs information technology products or services. WLAN allows WAN connectivity and discovery tools.
The report provides analysis of global WLAN market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
Growing internet penetration and rising innovation in broadband networks increases WLAN business prospects. Consumers rely more on electronic gadgets like tablets, cell phones and so on also boost the market growth. While 3G, 4G network services was a significant advancement, Wi-Fi is now an alternative for most businesses. Wi-Fi is able to offer higher speed internet access which spreads through a wide variety of regions. Wi-Fi is used to provide internet connectivity in public locations, such as bars, beaches, metro stops and others, so that during the prediction time Wi-Fi market is powered on. Besides, the WLAN market has many drawbacks as the program is very costly to install and this calls for trained workers to operate regularly. In this business, tremendous expenditures and regular technical shifts in the forecasting cycle constitute a constraint for the WLAN industry, and they are also impeding the industry.
Regional Stance
North America held major market share in WLAN industry owing to the Technological advancement. North America is industrialized world and an IT nucleus. North America dominates the market due to the rapid industrialization and presence of the companies that use WLAN for various purposes. Asia Pacific emerged as the fastest growing region. In Asia-Pacific cloud-based platforms are the most commonly used and the many country specializes in the IT and telecommunications sectors. With rising demand from a large and increasingly growing population, these trends have indicated that the WLAN sector in the area provides enormous growth potential.
Report coverage
The market research study on “WLAN Market (WLAN Market By Module: Switch, Router, Controller, AP; WLAN Market By Technology: 802.11n, 802.11a/b/g, 802.11ac; WLAN Market By Location: Outdoor, Indoor; WLAN Market By End Use: IT, BFSI, Healthcare, Hospitality, Government) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global WLAN market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global WLAN market size, and segment markets by composition, formulation, end use, and geography along with the information on companies operating in the market. The WLAN market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global WLAN market is segmented as below:
Market Segmentation
WLAN Market By Module
WLAN Market By Technology
WLAN Market By Location
WLAN Market By End Use
WLAN Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Allied Telesis, Cisco Systems, Avaya Corporation, Aruba Networks, Juniper Networks, Aerohive Networks, ZTE Corporation, Wi-Fi Spark, Extreme Networks, Ruckus Wireless, Boingo Wireless, and Others.
These main players have a large industry footprint and deliver growing networks with a wide variety of capabilities. The study analyzes global acceptance patterns, changing networks and powers through numerous geographies in this increasingly evolving industry. It provides insights into the major industry trends, the reach of the future, factors, constraints and business challenges.
2016, Brocade has completed the purchase of California-based Ruckus Wireless. This is a big step in the strategic perspective of Brocade to establish a pure-play networking business that meets the quickly shifting demands of the digital transformation age. This combination extends Brocade's range of leading data networks and IP networking technologies with the introduction of high-performance wireless hardware and applications.
According to Acumen Research and Consulting, the WLAN market value is anticipated to hit around US$ 40 Bn in 2027.
The WLAN market is anticipated to grow around 29% CAGR amid the forecast period 2020-2027.
The growing technological advancement is a key driver of the market.
Expensive system installation.
Participants include major global players such Allied Telesis, Cisco Systems, Avaya Corporation, Aruba Networks, Juniper Networks, Aerohive Networks, ZTE Corporation, Wi-Fi Spark, Extreme Networks, Ruckus Wireless, Boingo Wireless, and Others.
North America dominates the market due to the rapid industrialization and presence of the companies that use WLAN for various purposes.
Asia Pacific emerged as the fastest growing region. In Asia-Pacific cloud-based platforms are the most commonly used and the many country specializes in the IT and telecommunications sectors.
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