Global WLAN Market size was valued at US$ 1.20 Bn. in 2020 and the total revenue is expected to grow at 10.5 % through 2021 to 2027, reaching nearly US$ 2.41 Bn.
WLAN Market Overview:
The Global WLAN Market A wireless local area network (WLAN) is a computer network that enables high-speed data transmission between devices without the requirement of a wired connection. Residential users, as well as corporations and small and medium-sized businesses (SMEs) from a variety of industries, as well as government entities, use the network. By allowing multiple devices to connect over long distances, WLAN avoids the drawbacks of a wired network. It enables users to access data and applications from a distance. WLAN also provides more bandwidth, which boosts network performance. Data can be delivered at speeds ranging from 1 to 600 megabits per second. Internal WLAN and approved guest WLAN are the two types of WLAN implementations.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
WLAN Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the WLAN Market segments which include products, applications, and competitor analysis.
The market for wireless local area networks is growing in popularity. Because the new normal is to do everything online, whether it's lectures, meetings, or online shopping, a high-speed internet connection is required, causing the wireless local area network business to grow. It also acts as a supplement to PCs and phones, as everyone who intends to work via the internet must have access to a wireless local area network. As a result, as the popularity of all electronic devices grows, so does the popularity of wireless local area networks.
Wireless local area networks are becoming increasingly common. Various organisations are now focusing their efforts on transitioning to a digital workplace, which might be a vital contributor to the market's growth and, as a result, the wireless local area network sector's expansion. Growth is accelerating not just in the commerce business, but also in the service sector. It is likely to reach various heights in the foreseeable future.
The worldwide WLAN market is being driven by the increasing adoption of WLAN trends such as BYOD in corporate and vertical-specific apps. Individuals and companies are likely to migrate away from wired networks during the forecast period, propelling market growth. During the projection period, market leaders are projected to benefit from the Internet of Things, cloud-based WLAN adoption, and rising demand for the 802.11 ac Wave 2 protocol. Rising WLAN hardware costs will limit demand in the foreseeable future, while bandwidth and invisibility difficulties will become important roadblocks to the WLAN business.
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Segmentation:
Controller, Router, Switch, Access point (AP), and Network interface card are the sub-segments of the worldwide WLAN market (NIC). In 2020, the WLAN Controller sector had the biggest market share, accounting for 38.2 percent. This category is expected to earn substantial market share due to the large number of network operations centres and the segment's capacity to handle wireless access points. During the projection period, a huge number of smartphone users and a higher intensity of data consumption in various verticals such as hospitals, restaurants, households, and others will boost demand for business WLANs.
BFSI, Healthcare, IT and Telecommunications, Retail, Government, and Others make up the worldwide WLAN market. In 2020, the IT and telecommunications segment had the biggest market share of %. This section uses a lot of software and hardware to implement data transfer in various ways. A large amount of data is segmented in this situation, and the installation of an enterprise WLAN aids data transport. This sort of corporate Wi-Fi effectively broadens the range of data transfer and increases transmission, predicting a high growth trend for the enterprise WLAN market over the projection period.
Key Players:
• Cisco
• Aruba Networks, Inc.
• HP
• Ruckus Wireless
• Ubiquiti Networks
• Aerohive Networks
• Zebra Technologies
• Netgear
• Huawei
• D-Link
• TPLink
• Belkin International, Inc.
• Alcatel Lucent Enterprises
• Dell Inc.
• Zte Corporation
• Boingo Wireless
• Allied Telesis
• Juniper Networks
• CommScope
• Extreme Networks, Inc.
• Ericsson
• Hewlett-Packard Enterprises
• Netgear Solutions
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the WLAN Market presented in the MMR report. Local development plans are often affected by the performance of WLAN market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic WLAN market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the WLAN Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in WLAN Market report
- What was the market size of WLAN Market in 2020 and forecast up to 2027?
- Which is the largest regional WLAN Market?
- What are the major trends followed in WLAN Market across different regions?
- Who is the key WLAN Market companies leading the market?
- What are the key strategies adopted by the leading WLAN Market companies in market?
- Unique data points of this report
- Statistics on WLAN Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of WLAN Market for various end-use.
- Notable developments going on in WLAN Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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