The Enterprise WLAN by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Enterprise WLAN, The enterprise wlan market size has grown exponentially in recent years. It will grow from $28.29 billion in 2023 to $35.96 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to increasing mobile device adoption, remote and flexible work arrangements, evolving security threats, demand for high-speed connectivity.
The enterprise wlan market size is expected to see exponential growth in the next few years. It will grow to $99.08 billion in 2028 at a compound annual growth rate (CAGR) of 28.8%. The growth in the forecast period can be attributed to increasing focus on network security, hybrid work models, sustainable and green networking, rapid growth of e-learning and remote collaboration, open roaming initiatives.. Major trends in the forecast period include cloud-managed wlan solutions, ai-driven network management, 5g integration with wlan, smart building and iot integration, advanced authentication mechanisms, .
The increase in demand for high-speed data connectivity is expected to propel the growth of the enterprise WLAN market going forward. High-speed data connectivity enables users to easily keep copies of the files in the cloud and also allows the workers to access and upload their data to other devices such as laptops, smartphones, and home computers. Wireless devices use a wireless local area network (WLAN) to enable high-speed data communication. For instance, according to Speed Test, a US-based web testing and network diagnostics company, the United States had the highest number of 5G users (49.2%), followed by the Netherlands (45.1%), South Korea (43.8%), Kuwait (35.5%), and Qatar (34.8%). Therefore, the surge in demand for high-speed data connectivity is driving enterprise WLAN market growth.
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The enterprise wlan market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Application: BFSI, IT and Telecom, Healthcare, Retail, Government, Other Applications
The emergence of the Wi-Fi 6 standard (802.11ax) is the latest trend gaining popularity in the enterprise WLAN market. The latest Wi-Fi standard is capable of offering benefits such as higher data rates, improved power efficiency, increased capacity, and better performance in environments with multiple connected devices. For instance, in October 2022, Cisco, a US-based digital communications technology launched Wi-Fi 6 products for small and medium size businesses. The Cisco Business Wireless portfolio enables our customers the benefits of upgrading to Wi-Fi 6, which includes more accessible throughput and quicker device speeds enable new apps and user experiences.
The enterprise wlan market report table of contents includes:
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