(MENAFN- America News Hour) Global Cloud-managed LAN Market Research Report: by Component [Hardware (Routers, Switches, Wi-Fi Access Point and Gateway), Solution (Network Management, Monitoring and Performance Management, Guest Access, Onboarding Services, Configuration Solution, Unified SD-LAN and SD-WAN Management, Authentication, Authorization And Accounting (AAA) Security/Authentication, Policy Enforcement) Services [Professional Services Managed Services], Organization Size (Large Enterprise, Small and Medium Enterprise), Vertical (IT and telecom, BFSI, Government and Defense, Transportation and Logistics, Travel and Hospitality, Media and Entertainment, Education, Manufacturing) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) – Forecast till 2025
Market Synopsis
The Global Cloud-Managed LAN Market was valued at USD 524.7 million in 2018 and is expected to register a CAGR of 12.3% during the forecast period to reach USD 1,183.8 Million by 2025.
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The market growth can be attributed increase adoption of bring your own devices (BYOD) and choose your own devices (CYOD) among business enterprises, and rapid increase in deployment of Wi-Fi solution across the public venues. However, the lack of standards in terms of connectivity and operability of Wi-Fi solutions is likely to hinder the growth of the managed Wi-Fi marketthereby restraining the overall cloud-managed LAN market during the assessment period. However, the deployment of heterogeneous networks (HetNets) and rising need for managed Wi-Fi solutions are also paving a way for cloud-managed LAN market during the forecast period.
Emerging economies such as India, Brazil, and South Africa are witnessing a significant increase in data traffic owing to the proliferation of smart devices such as smartphones, tablets, and laptops. This has led to a rapid increase in mobile networks. Also, mobile service providers are seeking a variety of options to meet the network capacity in a cost-effective and efficient manner. To meet the network capacity, service providers are offering HetNetsmade up of Wi-Fi and small cells technologies. HetNets significantly enhance the network capacity in Wi-Fi hotspots and are increasingly deployed at airports, train stations, stadium, and others.
For instance, witnessing significant development in LTE and VoLTE networks in India, Google has completed the installation of 500 Wi-Fi hotspots in railway stations, and are now planning to expand its free Wi-Fi services to public places such as malls, cafes, and universities. In addition, Cisco has developed the Cisco Connected Stadium Wi-Fi solution which has been deployed in leading venues, including AT & T Park, Dallas Cowboys Stadium, and Pittsburgh's Consol Energy Center. The solution has also been deployed in mega stadiums, hockey arenas, US baseball parks, and entertainment venues in the US, Canada, and Europe. Thus, an increased number of public Wi-Fi solutions across the public network is expected to drive the cloud-managed LAN market during the forecast period.On the other hand, lack of interoperability, and security and privacy issues are likely to hinder the growth of cloud-managed LAN market during the forecast period
Key Developments
In June 2019, Extreme Networks, software-driven networking company to acquire Aerohive Networks that allows Extreme Networks to strengthen its market position in cloud management and wireless networking, subscription, and services businesses. The acquisition is expected to be completed by 2020.
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In April 2019, Juniper Networks, launched Contrail Service Orchestration, a cloud-based SD-WAN solution that offers secured WAN infrastructure and manages branch LAN and Wi-Fi networks simultaneously.In July 2019, Ruckus Networks, a subsidiary of CommScope, has provided its Wi-Fi hotspots technology for Google Station in Sao Paulo. The company would also provide Virtual SmartZone Controller, Ruckus T310 outdoor Wi-Fi access points, Ruckus R510 and R310 for indoor ecosystems.
Segmentation
The global cloud-managed LAN market has been segmented based on component, organization size, vertical, and region.By component, the global cloud-managed LAN market has been divided into hardware, solution, and service. The hardware segment comprises routers, switches, Wi-Fi access points, and gateways. The service segment has been sub-divided into professional services and managed services. The professional services segment has been categorized into consulting services, deployment and implementation services, and other support services.
Based on the solution, the global cloud-managed LAN market has been categorized into network management, monitoring and performance management, guest access, onboarding services, configuration solution, unified SD-LAN, and SD-WAN management, authentication, authorization and accounting (AAA) security/authentication, policy enforcement, and others.By organization size, the market has been segmented into small- and medium-sized enterprises and large enterprises.
Based on vertical, the global cloud-managed LAN market has been categorized into IT and telecom, BFSI, government and public sector, transportation and logistics, travel and hospitality, media and entertainment, education, manufacturing, and others.
Regional Analysis
Geographically, the global cloud-managed LAN market has been categorized into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.North America, being a matured market, accounted for the largest share in 2018 and expected to dominate the global cloud-managed LAN market during the forecast period. The market growth can be attributed to the presence of major providers of cloud-managed LAN platforms.Asia-Pacific is expected to be the fastest-growing in the cloud-managed LAN market during the assessment period. The market growth can be attributed to the rising need for quality of services to increase the customer experience.
Competitive Analysis
The vendors operating in the cloud-managed LAN market are mainly from the US and European countries. The market players primarily follow an organic and inorganic growth approaches to expand their businesses, under which they emphasize on providing the high network bandwidth and high-performance access points.
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Key Players
MRFR identifies some of the key players in the global cloud-managed LAN market Cisco Systems, Inc (US), Aerohive Networks (US), HP Enterprise Development LP (US), DXC Technology. (US), Iricent Ltd (Dublin), Nokia Corporation (France), T-Systems International GmbH (Germany), Juniper Networks, Inc. (US), Extreme Networks (US), CommScope (US), Huawei Technologies Co Ltd (China), Cambium Networks, Ltd (US), Verizon (US), Emeriocorp. ( NTT Communications) (Singapore), LANCOM Systems GmbH (Germany) and Riverbed Technology (US). These vendors attain around 70–75% of the total market share in the cloud-managed LAN market.
Intended Audience
Network Solutions providers
Systems integrators
Government organizations
OEMs, and software vendors
Cloud Service Providers
Value-added Resellers
Cloud Infrastructure Agencies
Research Firms
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