What Are The 5 Top Insights From The Enterprise WLAN Market Forecast 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s Enterprise WLAN Global Market Report 2024, the enterprise WLAN market is expected to show significant growth in the forecast period.
The enterprise WLAN market has witnessed exponential growth in recent years, soaring from $28.29 billion in 2023 to an estimated $35.96 billion in 2024, boasting a remarkable compound annual growth rate (CAGR) of 27.1%. This growth is attributed to factors such as increasing mobile device adoption, remote work arrangements, evolving security threats, and the growing demand for high-speed connectivity.
Projected Growth and Trends
The market is anticipated to continue its upward trajectory, reaching an impressive $99.08 billion by 2028, with a CAGR of 28.8%. The forecasted growth is fueled by the increasing focus on network security, hybrid work models, sustainable networking, the rapid growth of e-learning and remote collaboration, and open roaming initiatives. Major trends in the forecast period include cloud-managed WLAN solutions, AI-driven network management, 5G integration, smart building and IoT integration, and advanced authentication mechanisms.
Surge in Demand for High-Speed Data Connectivity
– Meeting Connectivity Demands
The rise in demand for high-speed data connectivity serves as a driving force behind the enterprise WLAN market’s growth. With the proliferation of wireless devices and the need for seamless data access, WLAN technologies play a crucial role in facilitating high-speed communication.
– 5G Adoption Insights
Countries like the United States, the Netherlands, South Korea, Kuwait, and Qatar lead in 5G adoption, highlighting the global demand for high-speed connectivity solutions.
View More On The Enterprise WLAN Market Report 2024 –
Embracing the Wi-Fi 6 Standard
– Wi-Fi 6 Revolution
The emergence of the Wi-Fi 6 standard (802.11ax) represents a significant trend in the enterprise WLAN market. Wi-Fi 6 offers higher data rates, improved power efficiency, increased capacity, and enhanced performance in environments with numerous connected devices.
– Cisco’s Contribution
In October 2022, Cisco launched Wi-Fi 6 products tailored for small and medium-sized businesses, enabling enhanced throughput, quicker device speeds, and new application possibilities.
Strategic Acquisitions in WLAN Management
– Auvik Networks’ Acquisition of MetaGeek
In April 2022, Auvik Networks Inc. acquired MetaGeek, aiming to expand its WiFi network management and optimization software tools for enterprises. This strategic move underscores the importance of innovation and expansion in WLAN management solutions.
Segmenting the Enterprise WLAN Market
– By Component
The market is segmented by hardware, software, and services, providing comprehensive solutions for WLAN deployment and management.
– By Organization Size
Segmentation based on organization size caters to both small and medium enterprises and large enterprises, addressing diverse networking needs.
– By Application
Applications span across various sectors including BFSI, IT and Telecom, Healthcare, Retail, Government, and other industries, showcasing the versatility of WLAN solutions.
North America led the enterprise WLAN market in 2023, while Asia-Pacific is poised to emerge as the fastest-growing region during the forecast period, highlighting the global nature of WLAN deployment and adoption.
Request A Sample Of The Global Enterprise WLAN Market Report 2024:
The Enterprise WLAN Global Market Report 2024 provides an in-depth analysis on the enterprise WLAN market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the enterprise WLAN market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model