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Global Enterprise WLAN Market to Grow at a CAGR of 24.7% During 2021-2026, Aided by the Rising Deployment of Enterprise WLAN in Retail Management

According to a new report by EMR titled, ‘Global Enterprise WLAN Market Report and Forecast 2021-2026’, the market attained a value of about USD 6.4 billion in 2020. The industry is further expected to grow at a CAGR of 24.7% in the forecast period of 2021-2026 to reach a value of nearly USD 23.9 billion by 2026.

Retail management in the contemporary world is developing and moving towards a digital platform. Enterprise WLAN in the retail sector is rapidly gaining momentum owing to the presence of digital services like the Internet of Things (IoT) and artificial intelligence (AI). The increased demand for an established connection network, particularly after the COVID-19 outbreak, and the resultant shift to online retail channels is augmenting the market growth of enterprise WLAN. Smart technology to manage inventory levels, offer real-time delivery updates, and build a secure digital payment method is invigorating the demand for enhanced internet services aiding in cost management and boosting productivity. This has led to the rising demand for enterprise WLAN. In addition, the deployment of wireless connectivity in stores further engages customer into the brand by intelligently collecting information regarding customers preferences, which can be analysed using machine learning (ML), hence invigorating customer confidence. Thus, the benefits associated with wireless connectivity in retail management is propelling the market for enterprise WLAN.

Aruba, a Hewlett Packard Enterprise (NYSE: HPE) company, is a significant player in the enterprise WLAN industry. The company recently made new improvements in network agility for organisations adapting to new business realities in June 2021. Updates in the software include new AIOps, IoT, and security features for cloud-native, AI-powered management to streamline network operations and maximise IT efficiency for enterprises. With these advancements, IT can easily extend its networks edge-to-cloud enabled by a seamless and unified infrastructure to achieve uninterrupted, smooth operations, which are highly important in today’s diversified business ecosystem. Such technological advancements by the market players of enterprise WLAN are bolstering the market growth of the industry.

Market Analysis by Component, Organisation Size, End Use, and Region:

  • On the basis of component, the market can be divided into hardware, software, and services.
  • Based on the organisation size, the market can be segmented into large enterprise and small and medium enterprise.
  • The market, on the basis of end use, can be classified into banking, financial services and insurance, healthcare, retail, and IT and telecommunications, among others. 
  • The major regional markets for enterprise WLAN are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa. 

Key Findings of the Report:

  • The market is being driven by the deployment of enterprise WLAN services in large enterprises for improved premise mobility and high-quality bandwidth for smooth business operations. 
  • The inclusion of cloud-based services that enable improved security by key industry players is propelling the growth of the industry. 
  • The increased number of smart medical devices like remote monitoring devices is accelerating the deployment of WLAN services in the healthcare sector, thereby aiding the market growth. 
  • Enterprise WLAN in retail management integrated with advanced technology like the Internet of Things (IoT) and artificial intelligence (AI) is driving the market growth. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global enterprise WLAN industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for components, organisation sizes, end uses, and major regions of enterprise WLAN.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model. 

The major players in the global enterprise WLAN market are Cisco Systems Inc., Dell Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., and ZTE Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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