As stated in the reports of Market Research Future, the global voice over wireless LAN market 2020 is ready to garner at a CAGR 11.65%, while reaching a market size of 2015 to USD 34.68 billion by 2022. All the statistics and the latest research is for the projection period of 2018-2023. The available report on voice over wireless LAN market by Market Research Future (MRFR) embraces an in-depth analysis of the factors of growth, regional emergence as well as segmental study for a better understanding of the market’s future dynamics.
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Top Market Drivers & Challenges
The global voice over wireless LAN market will be witnessing extensive growth during the estimated period as there has been a sheer surge in effective communication, which is the key to success for any organization. As the voice-over wireless LAN market offers a sharing existing Wi-Fi network at low or no-cost, this has led the demand of voice over wireless LAN to a great extent and resulted in the growth of the market.
At the same time, the essential factors to stimulate the growth of the voice-over wireless LAN market are directed towards efficient & low-cost Wi-Fi solutions, enhanced indoor coverage through Wi-Fi, the aptitude to handle snowballing data traffic. At present, effective communication has become the need of the hour, and if it is available at little or no cost, then the profit margin of any company tends to increase. This is one major influencer that has assisted the voice over wireless LAN market in cementing its position presently and has made ways to expand considerably over the forecast period.
On top of this, the efficiency of voice over wireless LAN market in case of handling massive data and sorting it out has simultaneously augmented the coverage. Even, this factor can ensure voice over wireless LAN market growth for the forecast period. Besides, its installation procedure and infrastructural setup hugely require a massive investment that can easily hold back the voice-over wireless LAN market growth during the assessment period. Instead, the integration voice over wireless LAN with the 5G technology can eventually open up outlooks steering the voice over the wireless LAN market in the foreseeable years in case the market reaches a stage of halt.
Crucial Market Competitors
The essential contributors in the Voice Over Wireless LAN Market growth are listed as Aruba Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Ruckus Wireless, Inc. (U.S.), Zebra Technologies Corporation (U.S.), Extreme Networks, Inc. (U.S.), Aerohive Networks, Inc. (U.S.), Avaya Inc. (U.S.), Alcatel-Lucent Enterprise (France), Huawei Technologies Co., Ltd. (China), and Dell Inc (U.S.).
Segmentation of Market
As per MRFR’s reports, the global voice over wireless LAN market’s segmental analysis has been conducted by the elements of the solution, application, and end-user.
In terms of the solution; hardware and services are the segments. Among both, the hardware segment is leading and is further sub-segmented into wireless LAN controller, wireless LAN access points, voice handsets/IP wireless phones, wireless hotspot gateways, and more. Whereas, the services segment is also sub-segmented into deployment, network planning & design, and training, upgradation, & implementation, support & maintenance.
In terms of application: Security & emergency alarms, unified communication & collaboration, and others are the segments. In the category of ‘other,’ the segments involved are shipment tracking, price marking, and inventory management.
In terms of end-user: Residential & small office/home office (SOHO), public sector & government offices, healthcare, education, retail facilities & warehouses, logistics & transportation, manufacturing & distribution, hospitality, and others are the segments. Where, the other category comprises of the segments such as IT & Telecom financial services and insurance (BFSI), banking, are segments that impact the market’s growth significantly. Among these, the residential & SOHO segment is leading the market with considerable rate.
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The region-specific analysis of the global voice over wireless LAN market spans across the key regions of North America, Europe, Asia-Pacific (APAC), and Rest of the World.
Among these regions, North America is presently leading the global market with substantial market share. Its infrastructural superiority is providing a perfect ambiance for the voice-over wireless LAN market. To this, the region is also assimilating the latest technologies at a constant speed to make sure that it stays forward of the rest and gives the market a considerable boost. By this, such a factor is providing the voice over wireless LAN market enough scope to expand and permeate through various industries in the future.
European region and its industrial strategies are highly benefitting the voice over wireless LAN market. The infrastructural set up is praiseworthy, which is giving the market a boost in its growth. In the last, the APAC market is also reflecting a great promise as the region occupies a tremendous prospect and is lucrative enough to make sure the market’s inevitable growth. With this, even the key companies are finding the region fit for their expansion plans, which ensures voice over wireless LAN market growth for the extended future.
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