ID: MRFR/ICT/0506-HCR | February 2021 | Region: Global | 100 pages
In the era of the 21st century, technology has become a part of a living style that is required by mostly everyone. With the tremendous growth in the field of technology, one can have a wireless local area network market. Wireless local area network or WLAN communicates uses radio networks so that network users can have mobility. Wireless local area network connects two or more devices by wireless the distribution network. It basically, extends the wired network with the help of a device attached which is called an access point (AP). The function of the wireless adaptor is similar to that of the Ethernet adapter. WLAN network allows the users to explore, once connected to the WAN (Wide Area Network).
With the lowering of prices of mobile phones, there is tremendous growth in the numbers of connected devices with the wireless local area network market. Not only the mobile phones are the only gadgets attached to it, but also many others like tablets, speakers, laptops, personal computers various media players like smart TV’s, smart set-up boxes, various wearables like smartwatches, smart glasses, smart fit bands, smart home appliances such as smart electronic devices like fans, AC’s, smart LED lights and many more devices have increased the growth rate of wireless local area network globally during the forecasted period from 2020 to 2023. It is estimated to grow at a CAGR of approximately 30% during the forecasted period.
COVID 19 Analysis
Although due to the pandemic of COVID 19 affected the economies badly but it has tremendously increased the market share of wireless local area network market. During the lockdown period and even afterward, there is a huge market growth of wireless local area network as the school going and college going students used to have their online classes and job holders used to have virtual meetings over the internet and for doing that without buffering one needs high-speed internet connectivity which is possible with the help of wireless local area network.
COVID 19 had an immense impact on the overall working of economies. It had globally forced the economies into the forced recession. And to tackle the situation, the wireless local area network helped in accepting the new normal where all the activities are done online with the help of IT and communication. Even the traditional businesses are going for wireless local area networks to recover this immense situation. It is expected that the economies will recover from this trap in the coming years.
Increase in the demand for the wireless local area market. As the new normal is to do all the stuff over the internet whether it may be classes or meetings or doing online shopping, a good speed internet connection is very much needed as a result it leads to the growth of wireless local area network market. It also acts as a complementary good with tablets and laptops that is if anyone wants to work over it must have a wireless local area network as a result with the increase in sales of all the electronic gadgets, sales of wireless local area network increase simultaneously.
Cumulative Growth Analysis
The rise in demand for wireless local area network market. It is expected to grow globally with a CAGR of approximately 30% in the estimated period by 2023. Now a great amount of emphasis is given by various businesses in moving towards digital workplace which might lead to the major contributing factor for the market expansion which automatically increases the growth of wireless local area network industry. Not only in the trading sector but the service sector also is growing very rapidly. It is further expected to grow to various heights in the forecasted period.
Value Chain Analysis
The increase in global market share of wireless local area networks has made the life of consumers easy in this new normal situation. It has helped businesses to look over the boundaries and scope of businesses. Shortly soon the wireless local area network will present significant changes to the existing mobile network infrastructure and meet the rising demand cost-effectively.
It has added ease in the working life of various bodies which ultimately leads to a faster pace with a substantial growth rate over the coming years. It has also increased the growth of router manufacturers, hardware providers, and software developers. It helps in providing a hustle-free environment that is now with the growth of wireless local area network one can do their work from home as well during emergencies.
By service: The global wireless local area network market is categorized based on component, technology standards, location, application, and region.
Based on component segment wireless local area network market is classified into controller, router, switch, an access point (AP), and network interface card (NIC).
Based on the location segment wireless local area network market is categorized as indoor segment and outdoor segment.
By type: Based on the technology standards segment Wireless local area network can be classified into 802.11a/b/g, 802.11n, and 802.11ac.
Based on the application segment W wireless local area network market ireless local area network has a wide area of application areas like BFSI (Banking, financial services, Insurance), healthcare, IT, retail segment, Government segment, and others.
Wireless local area network is making its trend globally. It is mainly dominated by North America in the global market of wireless local area networks. Technology advancement is the major reason behind this. Also, North America being a developed country is an IT hub. North America has heavy industrialization and due to its large existence of IT companies, it is the leading market. After North American, Europe stands as the second biggest market followed by Asia-Pacific.
Asia-Pacific has emerged as the fastest-growing market. It has the highest arrangement of cloud-based services. Asia-Pacific region is investing a lot of its funds in the IT and telecommunication sector. Continuous growing population and the growing development demand from the massive clearly states the tremendous growth potential for wireless local area network in the Asia-Pacific region.
Some of the major global key players in the wireless local area network are as follows:
All these key players provide various kinds of customized services according to their customers' demand which leads to the growth of the wireless local area network industry.
Wireless local area network research report covers the following:
This report revolves around the analysis of the functions of the wireless local area network research market in the past. The impact of the COVID 19 pandemic and the forecast growth to 2023 is also forecasted and mentioned.
|Market Size||USD 33 Billion (2023)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By component, By technology standards, By location|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cisco (U.S.), Aruba Networks, Inc. (U.S.), HP (U.S.), Ruckus Wireless (U.S.), Ubiquiti Networks (U.S.), Aerohive Networks (U.S.), Huawei (China), Zebra Technologies (U.S.), Netgear (U.S.), D-Link (Taiwan), TP-Link (China), Juniper Networks (U.S.), Boingo Wireless ( U.S.), Dell Inc. ( U.S.), ZTE Corporation (China)|
|Key Market Opportunities||wireless local area network market ireless local area network has a wide area of application areas like BFSI (Banking, financial services, Insurance), healthcare, IT, retail segment, Government segment, and others.|
|Key Market Drivers||Increase in the demand for the wireless local area market. As the new normal is to do all the stuff over the internet whether it may be classes or meetings or doing online shopping, a good speed internet connection is very much needed as a result it leads to the growth of wireless local area network market.|
Frequently Asked Questions (FAQ) :
The ever-increasing demand for cloud applications and the influence of the internet of thing can be the contributing factor that assists in the growing global enterprise.
The most prominent critical regions involved significantly are North America, Europe, and Asia-Pacific.
The period from 2017 to 2023 can be considered as the estimated expanding years for the wireless local area network.
Europe stands as the second biggest market
Cisco, Aruba Networks, Inc., HP, Ruckus Wireless, Ubiquiti Networks, Aerohive Networks are the top companies that are leading in the market globally.