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.
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.
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
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.
Cloud-managed LAN Market is likely to register a CAGR of 12.3% during the Predicted Years, Global…
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