USD 39.26 billion
Report ID: SQSG50C2009 | Region: Global | Published Date: December, 2022 | Pages: 165 | Tables: 95 | Figures: 76
Enterprise WLAN Market size was valued at USD 39.26 billion in 2021 and is poised to grow from USD 43.79 billion in 2022 to USD 102.84 billion by 2030, growing at a CAGR of 11.26% in the forecast period (2023-2030).
Rapid digitization and the increased demand for Internet-of-Things (IoT) devices will drive the market growth for enterprise WLAN. Moreover, the growing popularity of cellular connectivity and broadband services may promote industry growth. The market expansion can be primarily attributable to the industry's demand for reliable internet connectivity as well as the ongoing expansion of enterprise network infrastructure.
The launch of new wireless standards called WIFI6, commonly known as 802.11ax, will have a beneficial market impact given the ongoing expansion of network infrastructure and rising demand for high-speed internet. Additionally, the frequent updating of standards to increase network throughput in terms of top speeds and transmission power. The increased emphasis on developing a digital workplace by organizations to improve premise mobility has emerged as a key element in the market expansion.
The enterprise WLAN market is projected to expand due to the rising demand for high-speed data connectivity. Users may simply maintain copies of their files in the cloud owing to high-speed internet connectivity, and employees can access and transfer their data to other devices including laptops, cellphones, and personal PCs easily. A wireless local area network (WLAN) is used by wireless devices to facilitate high-speed data communication. The usage of enterprise WLAN solutions has been stimulated by the growing amount of data that company applications require, boosting network throughout and enhancing data transmission rates.
US Enterprise WLAN Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 39.26 billion
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Enterprise WLAN Market is segmented based on component, organisation size, industry, and region. Based on component, the market is segmented into hardware, software, and services. Based on organisation size, the market is segmented into small and medium enterprises, and Large-Scale enterprises. Based on industry, the market is segmented into BFSI, IT & Telecommunication, healthcare, retail, government, hospitality, education, and others. Based on region, the global market is categorized into North America, Europe, Asia-Pacific, and MEA.
Increasing demand for advanced wireless networking hardware to drive hardware segment growth
Due to the rising need for controllers, gateways, routers, and other hardware, it is projected that hardware segment will occupy the largest enterprise WLAN market share. In the designated coverage region, high-speed internet connectivity is provided through WLAN hardware solutions.
Hardware is further broken down into wireless access points, access point antenna, wireless LAN controller, multi-gigabit switches, wireless location appliances, and other devices. To meet end-user demands, a number of major firms are creating cutting-edge wireless access point hardware devices. For example, in February 2020, LANCOM Systems GmbH, a German-based network infrastructure products provider, launched ‘LX-6400 and LX-6402’ Wi-Fi 6 access points. These products are enabled with advanced wireless LAN technology. LX-640x Series is suitable for applications in schools & universities, offices, hospitals, shopping commercials, and others.
The software is segmented into WLAN management, WLAN analytics, and other categories. The market for software and services has grown as a result of growing usage and advancements of cloud-based software solutions for better internet access.
An increase in small and midsize enterprises will support market expansion.
The market is segmented into small and medium-sized businesses and large businesses based on the size of the company. The highest growth rate is projected for small and medium-sized businesses over the forecast period. The rise of emerging digital service providers and the rise in start-up activity are primarily responsible for this. For instance, the United States had more than 64,000 small and medium-sized start-ups for IT and digital services in the year 2020.
Large businesses are also implementing cutting-edge WLAN systems for quick internet connectivity. Market participants are creating specialised WLAN solutions to satisfy large organisations' demand for wireless connectivity. For example, in October 2021, Qualcomm Technologies, Inc. launched radio frequency-based filter technology ultraBAW that enables both Wi-Fi and 5G solutions to access spectrum up to 7 GHz.
The deployment of WLAN services in large businesses is boosting market development overall because increased data usage is creating a strong need for improved premise mobility. Additionally, the increasing reliance on enterprise WLAN structures, in order to support the quickly evolving business requirements, including high bandwidth and low latency is positively influencing the growth of the market.
During the projection period, IT & Telecommunication is predicted to have the biggest enterprise WLAN market share. The global increase in digitization and rising IT and telecommunications investment is projected to fuel market expansion.
Due to the increasing use of Wi-Fi technology in hospitals and healthcare facilities, the healthcare industry is predicted to grow at the fastest rate. The WLAN offers configured, controlled, monitored, and managed components of hospital operations to well-defined healthcare organisations.
Additionally, an increase in medical gadgets that are becoming digital, such as smart beds, location trackers, and devices that interface with electronic medical records, is forcing the deployment of business WLAN in order to cut costs and provide a safe means of communication. The proliferation of healthcare apps that enable online consultations is also accelerating the industrial growth of business WLAN in light of the coronavirus pandemic.
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North America is projected to acquire the greatest enterprise WLAN market share during the projection period. This is attributed to an increase in investment in wireless Wi-Fi technology and the presence of major firms like Netgear Inc., Verizon, Fortinet, Inc., and others. For instance, in February 2021, Verizon Telecommunication Company in the U.S. spent around US $45 billion to acquire Charter Communications. Such considerable investments in the wireless technology infrastructure have boosted the demand for commercial WLAN.
Asia Pacific is projected to grow at the fastest rate in the forecast period. All of the key nations, including China, India, Japan, and others, showed notable growth in enterprise WLAN industry. The expanding use of wireless technology and rising investment by the top telecom providers are driving the market size.
Enterprise WLAN market in Europe is projected to grow significantly. Germany, the U.K., Italy, France, and other nations in Europe are projected to rise at a sizeable CAGR during the forecast period. Additionally, a number of major companies and regional governments are making investments to adopt Wi-Fi and wireless connectivity across central and eastern Europe.
The Middle East and Africa enterprise WLAN market would expand steadily throughout the projected period. This is mostly due to an increase in the use of wireless communication goods using broadband and Wi-Fi technology. South America is expanding moderately, and the major firms are increasingly forming strategic alliances and partnerships.
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|Market size value in 2021||USD 39.26 billion|
|Market size value in 2030||USD 102.84 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Enterprise WLAN Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Enterprise WLAN Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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