Impact of COVID-19 on the Global WLAN Market
Global WLAN Market has witnessed a dual impact in recent months due to the outbreak of COVID-19 in December 2019. The pandemic outbreak has resulted in numerous countries imposing lockdowns and shutting down businesses except for essential goods and services (allowed with a minimal workforce). Other businesses have been directed to adopt the work-from-home policy, which has resulted in a mixed demand for wireless networks. A WLAN or wireless local area network is a type of network which allows one or more devices to connect using a wireless distribution method. In the 21st century, WLAN has found numerous applications and is currently being used in every possible industry which provides or uses IT products or services. WLAN allows devices to connect on WAN. A recent increase in the number of connected devices such as computing devices (smartphones, tablets, and PCs), media players (smart set-top boxes and smart TVs), wearables (smartwatches, smart bands, and smart glasses), and smart home appliances are expected to boost market growth during the forecast period. The WLAN market caters to several verticals, such as BFSI, healthcare, IT, retail, government, and others.
The global WLAN market has moderately declined in recent months owing to the temporary shutting down of businesses. However, the demand for consumer wireless equipment witnessed a positive impact. Continuous technological advancements are one of the key drivers for market growth. For instance, the introduction of the new Wi-Fi 6 standard (also called 802.11ax) has positively affected the market, though the market is still dominated by the previous generation standard, 802.11ac. The Middle East & Africa and North America markets were positively impacted in the last few months. Europe’s WLAN market experienced a mixed impact with growth in the Russia and Poland markets and a decline in the UK, Germany, and France markets in recent months. The Asia-Pacific market was negatively impacted owing to the decline witnessed in numerous countries, including China, India, Japan, and Australia. The WLAN market is anticipated to recover in the coming months as several countries have started to ease the lockdowns in a phased manner.