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 LAN Market. The growth sectors of the Cloud-managed LAN Market are identified with precision for a better growth perspective.
Cloud-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. Organizations are investing in cloud-managed LAN to support the ongoing trend of bring your own devices (BYOD) and choose your own devices (CYOD). 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 has been observed that a lack of standardization prevails in terms of connectivity and operability. It can be seen as a restraint for now, but, the vendors are working on sophistication of the technology. All these ensure that the future for cloud-based wireless LAN market is set to remain lucrative. 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. Some of the industry domains that are prognosticated to prompt growth potential for cloud-managed LAN are - IT and telecom, BFSI, transportation and logistics, government and defense, travel and hospitality, education, manufacturing, and media and entertainment. Among these, it has been analyzed that the It and telecommunication industry is set to provide a major boost to the adoption rate of cloud-managed LAN solutions. With the rise in income levels, the sales for smartphones and other electronic gadgets have been skyrocketing. This, in turn, has called for an expansion of the network capacity to support the rising penetration of internet services. The leaders of the IT and telecommunications industry are investing in cloud-managed LAN to cater to the rising demand for network infrastructure.
Developed Regions vs. Developing Regions
It can rightly be said that the developed economies have gained an edge over other regions. The network infrastructure in these regions is highly standardized for the adoption of cloud-managed LAN. In fact, the major vendors such as Cisco Systems, Nokia Corporation, LANCOM Systems and Juniper Networks are based out of the developed economies such as the U.S., Germany, and France. Thus, it is quite imminent that these regions would show a higher rate of adoption.
However, the developing economies are catching up with the rising popularity. Countries such as India, China, etc. are investing in standardizing their smart city projects. This, in turn, has catapulted the demand for cloud-managed LAN on an upward trajectory. Emerging economies such as Brazil and South Africa are also anticipated to exhibit growth in demand for the services. Global leaders have already started the expansion of their footprints to capitalize on the opportunities in emerging economies.
The cloud managed network is expected to witness the entry of new participants over the next couple of years. However, some of the growth strategies to be used by existing players to increase their market positions are – mergers & acquisitions, increasing investments, expansion of product portfolios, agreements, alliances, partnerships, etc. To illustrate, some of the major expansion and acquisitions of this year are as follows –
- Juniper Networks has announced the expansion of its enterprise portfolio with the introduction of Cloud-Managed SD-LAN and New CPE Devices.
- Extreme Networks has closed the deal worth USD 210 Mn for the purchase of Aerohive Networks, a leading provider of cloud managed wireless LAN services.
- Juniper Networks has announced the acquisition of the makers of an AI-powered wireless LAN network, Mist Systems. The deal was struck for a worth of USD 405 Mn.
Cloud-managed LAN Market is likely to register a CAGR of 12.3% during the Predicted Years, Global…
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