The global wireless LAN network market is anticipated to grow at a significant CAGR during the forecast period 2024-2031. A wireless LAN or WLAN is a wireless computer network that is widely applicable to link two or more consumer devices over a single platform to build a local area network using a wireless connection instead of cables. WLAN computer network uses radio waves with extremely high frequency to transmit information among connected devices. The rapidly increasing applications of smartphones, laptops, smart TVs, smart wearable devices, and other consumer electronics that use WLAN to access their function are expected to drive the global wireless LAN network market.
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The rising prevalence of various services including e-commerce, e-learning, e-shopping, and others using internet connectivity that requires high-speed internet connection propels the demand for wireless LAN and is projected to boost the global wireless LAN network market. Additionally, the rising digitalization and surging demand for digital workplaces among various enterprises and businesses to enhance their productivity and efficiency are further contributing as a major factor to witness exponential growth in the wireless LAN market.
The key market players present in the global wireless LAN network market include Cisco Systems, Inc., Aruba Networks, Inc., Ubiquiti Networks, and others. These players adopt various strategies such as product launches, mergers & acquisitions, to gain potential growth and to strengthen the market. For instance, as of February 2020, Huawei exposed the AirEngine Wi-Fi 6 series as an innovative product that has the capability to deliver air-interface data with over a 10 Gbps efficiency rate. Additionally, in November 2020, D-Link developed Wi-Fi 6 access point with the acquisition to deliver optimum efficiency.
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Market Coverage
- Segment Covered-
o By Component
o By Technology Standards
o By Location
o By Application
- Competitive Landscape- Cisco Systems, Inc., Aruba Networks, Inc., Ubiquiti Networks, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wireless LAN Network Market Report Segment
By Component
- Controller
- Router
- Switch
- AP
By Technology Standards
- 11a/b/g
- 11n
- 11ac
By Location
- Indoor
- Outdoor
By Application
- IT
- BFSI
- Healthcare
- Hospitality
- Government
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