The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cloud-Managed LAN Market. The growth sectors of the Cloud-Managed LAN Market are identified with precision for a better growth perspective.
The cloud-managed LAN market is gaining much traction in the present years owing to the ongoing trend of BYOD in businesses across the globe. On this, Market Research Future study claims the global cloud-managed LAN market to touted to rise by achieving a valuation of USD 1,183.8 Million by 2025 by attaining a CAGR of 12.3%, during the forecast period 2019-2025.
Top Drivers & Key Challenges
The market of cloud-managed LAN growth can be ascribed to the rise adoption of the trend of bring your own devices (BYOD) as well as choose your own devices (CYOD) is almost all business enterprises around the world. With this, the rapid rise in the deployment of Wi-Fi solutions across public venues to influence the market to grow substantially.
Apart from this, as the business requirements are dynamic, customers are beholding for new solutions and services that can be instigated in today's unceasing changing technology. As solutions are mounting in different markets, the requirement for services has equally become important. The introduction of gen-next integrated ICT services includes a vast range of professional and integrated services that are now likely to grow to meet the rising demand from businesses operating in analytics, big data, IoT, and infrastructure management. Now the companies are taking advantage of the surged scalability that is directing the shift from physical machines to cloud-based big data solutions. Such innovation has led organizations through various regions to change their strategies to adapt new business environments with global trends in cloud analytics. These factors are deliberated to be some of the most important driving forces for the growth of cloud-managed LAN worldwide.
Further, the prevalent investments in cloud services due to the grander advantages of SaaS, IaaS, and PaaS have required it, providers, to maintain its delivery through their network with the growing consumer base. These factors have also equally contributed to driving the adoption of LAN technologies.
On the flip side, the influence of lack of standards in terms of connectivity and operability of Wi-Fi solutions might hinder the growth of the overall cloud-managed LAN market during the assessment period. Yet, the deployment of heterogeneous networks (HetNets) and rising need for managed Wi-Fi solutions are also flagging massive ways for cloud-managed LAN market opportunities during the assessment period.
The worldwide cloud-managed LAN market, as per the study, has been segmented by the elements of component, organization size, and vertical.
In terms of component: Hardware, solution, and service are the segments. Among which the hardware segment includes switches, Wi-Fi access points, routers, and gateways. Whereas, the service segment has been further sub-divided into professional services and managed services. In the last, the professional services segment has also been categorized into consulting services, deployment and implementation services, and other support services.
In terms of vertical: BFSI, education, IT and telecom, travel and hospitality, media and entertainment, government and public sector, transportation, and logistics, manufacturing are the segments.
Topographically, the global cloud-managed LAN market study has been done among the key regions of Asia-Pacific, Europe, North America, Africa and the Middle East, and South America.
Among these, the North America region is being considered as a matured market that occupied the largest share in 2018 and is now likely to lead the global cloud-managed LAN market during the forecast period. The market progress can be ascribed to the existence of significant earners of cloud-managed LAN platforms.
In case of point, Google recently completed the installation of 500 Wi-Fi hotspots in railway stations, and are now planning to develop its free Wi-Fi services to public places such as malls, cafes, and universities. Besides, Cisco developed the Cisco Connected Stadium Wi-Fi solution, which is deployed in leading venues such as Dallas Cowboys Stadium AT&T Park and Pittsburgh's Consol Energy Center. The solution has also been arrayed in mega stadiums, hockey arenas, US baseball parks, and entertainment venues in the US, Canada, and Europe. Therefore, a surged number of public Wi-Fi solutions across the public network is likely to drive the cloud-managed LAN market during the valuation period.
MRFR study identifies some of the key players in the global cloud-managed LAN market, such as Inc (US), Extreme Networks (US), Aerohive Networks (US), HP Enterprise Development LP (US), Cisco Systems, DXC Technology. (US), Iricent Ltd (Dublin), Nokia Corporation (France), Inc. (US), T-Systems International GmbH (Germany), Juniper Networks. Apart from these, some more market makers such as CommScope (US), Cambium Networks, Ltd (US), Verizon (US), Emeriocorp have attained around 70-75% of the total market share in the cloud-managed LAN market.
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