Global Cloud-managed LAN Market Synopsis
The Global Cloud-managed LAN Market was estimated at USD 524.7
million in 2018, with a CAGR of 12.3% projected to hit USD 1.183.8 million by
2025 during the forecast period.
Business highlights
Market growth can be attributed to growing
acceptance of bringing your own devices (BYOD) and choosing your own devices
(CYOD) by business enterprises, and increasingly growing Wi-Fi system
deployment across public venues. During the forecast period, however, the
deployment of heterogeneous networks (HetNets) and the increasing need for
managed Wi-Fi solutions also pave a way for the cloud-managed LAN market. As a
result of the proliferation of smart devices such as smartphones, tablets and
laptops, developing economies such as Brazil, India, and South Africa are
seeing a large rise in data traffic. It has enabled the mobile networks to
expand rapidly.
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Also, mobile service providers are seeking a range
of network capacity flexibility solutions in a cost-effective and secure manner.
Service providers provide HetNetsmade up of Wi-Fi and Small Cell technologies
to reach the network efficiency. HetNets improve network efficiency in Wi-Fi
hotspots substantially and are rapidly installed at airports , train stations,
stadiums and others. Thus, over the projected period, an increasing number of
public Wi-Fi solutions across the public network are expected to drive the
cloud-managed LAN market. At the other hand, the lack of interoperability and
security and privacy problems in the forecast period are likely to impede the
growth of the cloud-managed LAN market. Nonetheless, the lack of specifications
in terms of Wi-Fi solutions' compatibility and operability is likely to hamper
the growth of the managed Wi-Fi market by limiting the overall cloud-based LAN
market throughout the evaluation period.
Market Segmentation
The global cloud-managed LAN market has been
segmented based on vertical, organization size, component, and region.
Based on the component, the global cloud-managed LAN
market has been segmented into solution, hardware, and service. The hardware
segment comprises routers, Wi-Fi access points, switches, and gateways. The
service segment has been divided into professional services and managed
services. The professional services segment has been classified into deployment
and implementation services, consulting services, and other support services.
Based on the solution, the global cloud-managed LAN
market has been classified into network management , monitoring and performance
management, guest access, on-board services, configuration solution, unified
SD-LAN and SD-WAN management, security / authentication, policy enforcement,
and others.
The industry was segmented into small and
medium-sized businesses and big business by organizational scale.
The global cloud-managed LAN market was categorized
vertically into BFSI, IT and telecommunications, government and the public
sector, transport and logistics, media and entertainment, travel and
hospitality, education, manufacturing, and others.
Regional Outlook
The global cloud-managed LAN market has been
geographically divided into North America, Europe , Asia-Pacific, Middle East
and Africa and South America.
As a developed market, North America accounted for
the largest share in 2018, and projected to dominate the global cloud-managed
LAN market over the forecast period. The growth in the market can be due to the
emergence of major cloud-managed LAN network providers.
Asia-Pacific is projected to be the fastest-growing
LAN market in the cloud-managed assessment era. The growth in the market can be
attributed to the growing need for quality of services to improve customer
experience.
Competitive Dynamics
MRFR recognizes some of the key players in the
global cloud-managed LAN market Aerohive
Networks (US), Emeriocorp. LANCOM Systems GmbH (Germany), HP Enterprise
Development LP (US), Iricent Ltd (Dublin), DXC Technology. (US), Nokia
Corporation (France), NTT Communications (Singapore), T-Systems International
GmbH (Germany), Juniper Networks, Inc. (US), Cisco Systems, Inc (US), Extreme
Networks (US), CommScope (US), Cambium Networks, Ltd (US), Verizon (US), Huawei
Technologies Co Ltd (China), and Riverbed Technology (US).
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