Press release
Enterprise WLAN Market on Track for Strong Growth, Estimated to Grow at 31.2% CAGR Through 2029
Enterprise WLAN
What Is the Expected CAGR for the Enterprise WLAN Market Through 2025?
In recent times, there has been a significant expansion in the size of the enterprise WLAN market. The market which is projected to be $35.26 billion in 2024, is anticipated to escalate to $44.4 billion in 2025, growing at a compound annual growth rate (CAGR) of 25.9%. Factors contributing to this surge during the historic period include an upswing in the adoption of mobile devices, a shift towards remote and flexible working models, emergence of new security threats, and a rising demand for robust connectivity.
What's the Projected Size of the Global Enterprise WLAN Market by 2029?
Anticipated to witness substantial expansion in the coming years, the enterprise WLAN market size is predicted to attain a value of $131.49 billion by 2029, with a CAGR of 31.2%. This prospective growth during the forecast period can be credited to a heightened emphasis on network security, the adoption of hybrid work environments, commitment towards sustainable and eco-friendly networking, the swift rise of e-learning and remote teamwork, and open roaming initiatives. Key trends for the forecast period encompass cloud-based WLAN solutions, AI-enabled network management, the merging of 5G with WLAN, integration of smart buildings and IoT, and sophisticated authentication procedures.
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Top Growth Drivers in the Enterprise WLAN Industry: What's Accelerating the Market?
The enterprise WLAN market is predicted to grow due to the rising need for high-speed data connectivity. This kind of connectivity allows users to easily store copies of their files in the cloud, as well as providing employees with the ability to access and upload their data to other devices like laptops, smartphones, and home computers. Wireless devices facilitate high-speed data communication via a wireless local area network (WLAN). As an example, Speed Test, a US-based company that tests web speeds and network diagnostics, has reported that the United States has the most significant number of 5G users (49.2%), followed by the Netherlands (45.1%), South Korea (43.8%), Kuwait (35.5%), and Qatar (34.8%). This increased demand for high-speed data connectivity is thus fuelling the growth of the enterprise WLAN market.
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What Trends Will Shape the Enterprise WLAN Market Through 2029 and Beyond?
The rise of the Wi-Fi 6 standard (802.11ax) represents the most recent trend making waves in the enterprise WLAN market. The new Wi-Fi protocol delivers advantages such as boosted data speeds, enhanced power efficiency, augmented capacity, and superior performance in settings with many connected devices. As an example, in October 2022, the American digital communications technology company, Cisco, introduced Wi-Fi 6 solutions tailored for small and medium-sized enterprises. The Cisco Business Wireless portfolio allows our clients to experience the benefits of upgrading to Wi-Fi 6, including elevated throughput accessibility and faster device speeds that pave the way for newer apps and user experiences.
What Are the Main Segments in the Enterprise WLAN Market?
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
Subsegments:
1) By Hardware: Access Points (APs), Wireless Controllers, Antennas, Switches, Cables And Connectors
2) By Software: WLAN Management Software, Network Security Software, Network Analytics Software, Firmware
3) By Service: Consulting Services, Installation And Configuration Services, Maintenance And Support Services, Training Services
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Which Top Companies are Driving Growth in the Enterprise WLAN Market?
Major companies operating in the enterprise WLAN market include Aerohive Networks Inc., ALE Inc., RUCKUS Networks, 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), 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, Fortinet Inc.
Which Regions Will Dominate the Enterprise WLAN Market Through 2029?
North America was the largest region in the enterprise WLAN market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the enterprise WLAN market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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