Cloud Managed Wireless Networks Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cloud Managed Wireless Networks Market. The growth sectors of the Cloud Managed Wireless Networks Market are identified with precision for a better growth perspective.
The cloud-managed LAN market is gaining much traction in the present years owing to the ongoing trend of BYOD in businesses across the globe. On this, Market Research Future study claims the global cloud-managed LAN market to touted to rise by achieving a valuation of USD 1,183.8 Million by 2025 by attaining a CAGR of 12.3%, during the forecast period 2019-2025.
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Top Drivers & Key Challenges
The market of cloud-managed LAN growth can be ascribed to the rise adoption of the trend of bring your own devices (BYOD) as well as choose your own devices (CYOD) is almost all business enterprises around the world. With this, the rapid rise in the deployment of Wi-Fi solutions across public venues to influence the market to grow substantially.
Apart from this, as the business requirements are dynamic, customers are beholding for new solutions and services that can be instigated in today’s unceasing changing technology. As solutions are mounting in different markets, the requirement for services has equally become important. The introduction of gen-next integrated ICT services includes a vast range of professional and integrated services that are now likely to grow to meet the rising demand from businesses operating in analytics, big data, IoT, and infrastructure management. Now the companies are taking advantage of the surged scalability that is directing the shift from physical machines to cloud-based big data solutions. Such innovation has led organizations through various regions to change their strategies to adapt new business environments with global trends in cloud analytics. These factors are deliberated to be some of the most important driving forces for the growth of cloud-managed LAN worldwide.
Further, the prevalent investments in cloud services due to the grander advantages of SaaS, IaaS, and PaaS have required it, providers, to maintain its delivery through their network with the growing consumer base. These factors have also equally contributed to driving the adoption of LAN technologies.
On the flip side, the influence of lack of standards in terms of connectivity and operability of Wi-Fi solutions might hinder the growth of the overall cloud-managed LAN market during the assessment period. Yet, the deployment of heterogeneous networks (HetNets) and rising need for managed Wi-Fi solutions are also flagging massive ways for cloud-managed LAN market opportunities during the assessment period.
Market Segmentation
The worldwide cloud-managed LAN market, as per the study, has been segmented by the elements of component, organization size, and vertical.
In terms of component: Hardware, solution, and service are the segments. Among which the hardware segment includes switches, Wi-Fi access points, routers, and gateways. Whereas, the service segment has been further sub-divided into professional services and managed services. In the last, the professional services segment has also been categorized into consulting services, deployment and implementation services, and other support services.
In terms of the solution: Network management, guest access, configuration solution. Monitoring and onboarding services, performance management. Apart from these, more segments such as unified SD-LAN and SD-WAN management, authentication, authorization and accounting (AAA) security/authentication, and policy enforcement are also included.
Key Players
MRFR study identifies some of the key players in the global cloud-managed LAN market, such as Inc (US), Extreme Networks (US), Aerohive Networks (US), HP Enterprise Development LP (US), Cisco Systems, DXC Technology. (US), Iricent Ltd (Dublin), Nokia Corporation (France), Inc. (US), T-Systems International GmbH (Germany), Juniper Networks. Apart from these, some more market makers such as CommScope (US), Cambium Networks, Ltd (US), Verizon (US), Emeriocorp have attained around 70–75% of the total market share in the cloud-managed LAN market.
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Cloud Managed Wireless Networks MarketCloud-managed LAN solutions perform functions of a normal WiFi controller and SDN Controller and facilitate coordination of network devices.
It helps in unifying the wired and wireless elements of the network.
Furthermore, the solution has also gained popularity due to increasing investments in smart city projects funded by the governments of developed and developing economies.
The provision for internet facilities in public spaces is extensively supported by the growth of the cloud-managed LAN services.The fact that cloud-managed LAN enables smooth functioning of heterogeneous networks (HetNets) is likely to attract investments in the coming years.
It can be seen as a restraint for now, but, the vendors are working on sophistication of the technology.
In addition, the increasing inclination towards managed Wi-Fi solutions is also projected to encourage the adoption of cloud-managed LAN over the next couple of years.Which Verticals Are Leveraging Cloud-managed LAN at Present?Internet services have penetrated across all the major industries.
The global managed services market size is expected to reach USD 376.13 billion by 2025, according to a new study conducted by Grand View Research, Inc.
It is anticipated to expand at a CAGR of 11.7% during the forecast period.
Growing dependence of enterprises on IT assets for driving their business productivity coupled with the need for specialized Managed Service Providers (MSPs) and cloud-based managed services is expected to drive the growth.
Growing need to reduce downtime of systems is expected to further fuel the market growth.The MSPs provide migration assistance to organizations moving their services from private to public cloud.
They also offer differentiated cloud managed services which help enterprises in their decision-making processes.
Implementation of these services considerably reduces the IT operational costs and helps improve organizational flexibility and efficiency.Increasing IT expenditure across the globe is anticipated to create growth opportunities for the managed services market over the forecast period.
