Exponential Growth Expected: Enterprise WLAN Market to Reach $99.08 Billion by 2028

The enterprise wlan market size has grown exponentially in recent years. It will grow from $28.29 billion in 2023 to $35.96 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to increasing mobile device adoption, remote and flexible work arrangements, evolving security threats, demand for high-speed connectivity.

The enterprise wlan market size is expected to see exponential growth in the next few years. It will grow to $99.08 billion in 2028 at a compound annual growth rate (CAGR) of 28.8%. The growth in the forecast period can be attributed to increasing focus on network security, hybrid work models, sustainable and green networking, rapid growth of e-learning and remote collaboration, open roaming initiatives. Major trends in the forecast period include cloud-managed wlan solutions, ai-driven network management, 5g integration with wlan, smart building and iot integration, advanced authentication mechanisms.

Market Overview -
Enterprise WLAN is a device that helps to link two or more wireless devices using wireless communication and provide mobility to the network users. It utilizes radio communication while connecting to the wired network within a limited area, such as a work campus or office building.

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Surge In Demand For High-Speed Data Connectivity Drives Growth In The Enterprise Wlan Market
The increase in demand for high-speed data connectivity is expected to propel the growth of the enterprise WLAN market going forward. High-speed data connectivity enables users to easily keep copies of the files in the cloud and also allows the workers to access and upload their data to other devices such as laptops, smartphones, and home computers. Wireless devices use a wireless local area network (WLAN) to enable high-speed data communication. For instance, according to Speed Test, a US-based web testing and network diagnostics company, the United States had the highest number of 5G users (49.2%), followed by the Netherlands (45.1%), South Korea (43.8%), Kuwait (35.5%), and Qatar (34.8%). Therefore, the surge in demand for high-speed data connectivity is driving enterprise WLAN market growth.

Competitive Landscape -
Major companies operating in the enterprise wlan market report are Aerohive Networks Inc., ALE Inc., RUCKUS Networks, Aruba (Hewlett Packard Enterprise company LP), Juniper Networks Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., TP-Link Technologies Co. Ltd., Extreme Networks Inc., ZTE Corporation, NETGEAR Inc., WatchGuard Technologies Inc., Dell Technologies Inc., D-Link Corporation, Ubiquiti Inc., Cambium Networks Corporation, Mist Systems (Juniper Networks company), Microchip Technology Inc., Rohde & Schwarz UK Ltd., Tantalus Systems Corp., Proxim Wireless Corporation, Allied Telesis Inc., Hewlett Packard Enterprise Company, LANCOM Systems GmbH, Meru Networks a subsidiary of Fortinet Inc., SonicWall Inc., Zyxel Communications Corporation, Siemens Enterprise Communications GmbH & Co. KG, Proxim Wireless Corporation, Fortinet Inc.

Embracing The Wi-Fi 6 Standard: A Trend In The Enterprise Wlan Market
The emergence of the Wi-Fi 6 standard (802.11ax) is the latest trend gaining popularity in the enterprise WLAN market. The latest Wi-Fi standard is capable of offering benefits such as higher data rates, improved power efficiency, increased capacity, and better performance in environments with multiple connected devices. For instance, in October 2022, Cisco, a US-based digital communications technology launched Wi-Fi 6 products for small and medium size businesses. The Cisco Business Wireless portfolio enables our customers the benefits of upgrading to Wi-Fi 6, which includes more accessible throughput and quicker device speeds enable new apps and user experiences.

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Key Segments -
The enterprise wlan market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Application: BFSI, IT and Telecom, Healthcare, Retail, Government, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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