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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