Cloud-managed LAN Market Overview
The Cloud-managed LAN market size is projected to grow from USD 2.26044 billion in 2024 to USD 4.19 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.02% during the forecast period (2024 - 2032). Additionally, the market size for Cloud-managed LAN was valued at USD 2.07 billion in 2023.
Enhance business enterprise adoption of bring your own device (BYOD) and choose your own device (CYOD) are the key market drivers enhancing the market growth.
Figure1: Cloud-managed LAN Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cloud-managed LAN Market Trends
Growing use of cloud service is driving the market growth
The rising use of cloud services drives Market CAGR for Cloud-managed LAN. Service providers are quickly building sophisticated apps that integrate or coordinate their clients' utilization of diverse cloud resources. This is true not only for cloud migration but also for creating cloud-native apps. Leading network service providers construct cloud systems that include numerous cloud services to automate deployment and smooth operations, even though these platform aspects vary based on each vendor's strategy. The network's benefits include increased coordination and information processing for using these technologies via the standardization of diverse cloud providers. This meta-data may be used to track the consumption of cloud services and plan for future adjustments. Organizations have been utilizing hybrid cloud technologies to make cloud infrastructure more accessible and adaptable without migrating straight to the cloud or several public or private clouds because one cloud vendor could not supply the capability. As a result of the growing use of digital network channels, hybrid cloud platforms are creating new investment possibilities for managed cloud service providers. As businesses develop strategies to meet their IT and network requirements, managed cloud services will be at the forefront of all technologies. Organizations operate accounting, finance, customer relationship management, and other applications on cloud servers. The fast acceptance of cloud technologies for deploying and managing company operations is altering the worldwide condition of cloud adoption. Leading suppliers recognize that the cloud distribution model is about more than cost savings and have developed end-to-end service portfolios that suit company demands while offering higher consumer value. With the unifying purpose of assuring technological advancement through cloud technology, the cloud may be a helpful model for enterprises to properly manage corporate activities. Companies increasingly rely on cloud-based management services to run their operations in response to increased demands to integrate new technologies and optimize application performance and costs. As a result of the growing use of cloud solutions among organizations, the demand for these services is expanding. Thus, driving the Cloud-managed LAN market revenue.
Cloud-managed LAN Market Segment Insights
Cloud-managed LAN Solution Insights
Based on solutions, the Cloud-managed LAN market segmentation includes network management, monitoring performance management, onboarding services, configuration solution, policy enforcement, and others. The network management segment dominated the market, accounting for 35% of market revenue. Mobile service providers are looking for several choices to satisfy network capacity while being cost-effective and efficient. To address network capacity requirements, service providers are introducing HetNets, which combines Wi-Fi and tiny cell technologies.
Cloud-managed LAN Services Insights
The Cloud-managed LAN market segmentation, based on services, includes professional service and managed service. The managed services segment dominated the market. The rising usage of cloud-managed services by organizations to handle network-related services and network management and administration is primarily responsible for the segment's rise. Cloud-based network management services provide businesses with a full platform for creating and managing distant data networks such as WAN/LAN/WLAN.
Cloud-managed LAN Enterprise Size Insights
Based on enterprise size, the Cloud-managed LAN market segmentation includes large enterprise and medium enterprise. The large enterprise segment dominated the market. Cloud hosting services help major enterprises manage their cloud environments, allowing them to increase resources as needed without investing in new hardware. This results in financial reductions, a more predictable cost structure, more safety, and less downtime. Large firms may focus on core business activities while receiving 24/7 assistance and quality maintenance by outsourcing cloud administration to third-party suppliers.
Figure 2: Cloud-managed LAN Market, by Industry Verticals 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cloud-managed LAN Industry Verticals Insights
The Cloud-managed LAN market segmentation, based on Industry Verticals, includes IT and Telecom, BFSI, government, media entertainment, education, manufacturing, and others. The IT and Telecom generated the most income. IT and telecom organizations quickly use cloud-managed services to improve service availability across various applications. Cloud migration will reduce internal computer requirements and excess costs.
Cloud-managed LAN Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Cloud-managed LAN market will dominate this market; growing client demand is a crucial element driving the region's adoption of managed cloud services due to their growth and profitability.
Further, the major countries studied in the market report are The US, Canada, German, Italy, Spain, China, Japan, India, France, the UK, Australia, South Korea, and Brazil.
Figure 2: CLOUD-MANAGED LAN MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe has the second-largest market share for cloud-managed LANs. Spending on information technology and cloud computing is shifting towards digitalization in many European countries. The adoption of a hybrid cloud is critical for the digitization of industries. Cloud infrastructure is continually being utilized to develop and implement new and creative projects and ideas. Furthermore, the German Cloud-managed LAN market dominated, while the UK Cloud-managed LAN market was the fastest expanding in Europe.
From 2023 to 2032, the Asia-Pacific Cloud-managed LAN Market is predicted to develop at the quickest CAGR. This is owing to increased investments by important regional firms such as IBM and Google, strengthening the expansion of cloud-managed services. Furthermore, China's Cloud-managed LAN market had the highest market share, while India's Cloud-managed LAN market was the fastest expanding in the Asia-Pacific region..
Cloud-managed LAN Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Cloud-managed LAN market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Cloud-managed LAN industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Cloud-managed LAN industry to serve clients and expand the market sector. The Cloud-managed LAN industry has provided some of the most important benefits recently. Major players in the Cloud-managed LAN market, including Juniper, Extreme Networks, Inc and others, are attempting to increase market demand by investing in research and development operations.
Extreme Networks, Inc. (EXTR) provides flexible, adaptive, and secure software-driven solutions from the corporate edge to the cloud to enable digital transformation. Their all-in-house services and support are unrivaled in the business. Despite having 30,000 clients worldwide, including half of the Fortune 50 and some of the world's biggest brands in the business, hotel, transportation, retail, logistics, government, education, healthcare, and manufacturing, they remain flexible and responsive to guarantee the success of their customers and partners. In June 2019, Extreme Networks, a software-driven networking startup, will acquire Aerohive Networks, which will help Extreme Networks improve its market position in cloud management and wireless networking, subscription, and services.
Juniper seeks to provide network experiences that change how people connect, work, and live. Their solutions fuel the connections that matter most, from education to healthcare to secure banking, by confronting the inherent complexity of the 5G and cloud age. Their mission is to provide tangible results for network teams and the individuals they serve. In June 2019, Juniper Networks has introduced Contrail Service Orchestration, a cloud-based SD-WAN solution that provides secure WAN infrastructure while managing branch LAN and Wi-Fi networks.
Key Companies in the Cloud-managed LAN market include
- Cisco Systems, Inc (US)
- Aerohive Networks (US)
- HP Enterprise Development LP (US)
- DXC Technology. (US)
- Nokia Corporation (France)
- Iricent Ltd (Dublin)
- T-Systems International GmbH (Germany)
- Juniper Networks, Inc. (US)
- Extreme Networks (US)
- CommScope (US)
- Huawei Technologies Co Ltd (China)
- Cambium Networks, Ltd (US)
- Verizon (US)
- Emeriocorp ( NTT Communications) (Singapore)
- LANCOM Systems GmbH (Germany)
- Riverbed Technology (US)
Cloud-managed LAN Industry Developments
March 2023: The Digital Managed Network Solution and products for carriers' B2B services were announced by Steven Zhao, Vice President of Huawei's Data Communication Product Line. It will assist carriers in capitalizing on digital transformation possibilities and driving new growth. This solution offers digitally managed network capabilities and a diverse product range, assisting carriers in transitioning from ISPs to MSPs.
May 2023: Windstream Enterprise, a leading supplier of IT-managed network, security, and communications services, has announced the addition of Fortinet-based LAN Services to its managed service portfolio. Windstream Enterprise clients now have unprecedented access to seamless network integration, optimized network performance, and simplified management – all from a single solution stack.Customers may obtain Secure Cloud Managed Wi-Fi Access Points, Ethernet switches, and analytics services through Windstream Enterprise's LAN Services.
Cloud-managed LAN Market Segmentation
Cloud-managed LAN Solution Outlook
Cloud-managed LAN Service Outlook
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Professional Services
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Managed Services
Cloud-managed LAN Enterprise Size Outlook
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Large Enterprises
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Small Medium Enterprises
Cloud-managed LAN Industry Vertical Outlook
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IT and Telecom
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BFSI
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Government
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Media Entertainment
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Education
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Manufacturing
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Others
Cloud-managed LAN Regional Outlook
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North America
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 2.07 Billion |
| Market Size 2024 |
USD 2.26044 Billion |
| Market Size 2032 |
USD 4.19 Billion |
| Compound Annual Growth Rate (CAGR) |
8.02% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Industry Verticals and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
 Cisco Systems Inc (US) Aerohive Networks (US) HP Enterprise Development LP (US) DXC Technology. (US) Iricent Ltd (Dublin) Nokia Corporation (France) T-Systems International GmbH (Germany) Juniper Networks Inc. (US) Extreme Networks (US) CommScope (US) Huawei Technologies Co Ltd (China) Cambium Networks Ltd (US) Verizon (US) Emeriocorp. ( NTT Communications) (Singapore) LANCOM Systems GmbH (Germany) Riverbed Technology (US) |
| Key Market Opportunities |
Growing adoption in SMEs |
| Key Market Dynamics |
Rapid increase in deployment of Wi-Fi solution across the public venues |
Frequently Asked Questions (FAQ) :
The Cloud-managed LAN market size was valued at USD 2.07 Billion in 2023.
The market is projected to grow at a CAGR of 8.02% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Cisco Systems Inc (US) Aerohive Networks (US) HP Enterprise Development LP (US) DXC Technology. (US) Iricent Ltd (Dublin) Nokia Corporation (France).
The Large Enterprises dominated the market in 2022.
The BFSI had the largest share in the market.
