In terms of the application landscape, wireless LAN controller market is bifurcated into government and public sector, IT and telecom, healthcare, BFSI, manufacturing, transportation & logistics, retail, and others. The retail segment is anticipated to exhibit substantial growth between 2019-2025, primarily fueled by surging acceptance of latest technology by the retail sector to offer better customer experience and convenience. The constant increase in the number of retail companies across the globe will further advance wireless LAN controller market size. For instance, Aldi, supermarket chain with over 10,000 stores in 20 countries, has recently declared plans to open a new store in Chattanooga city, Tennessee, USA this fall.
Wireless LAN controller market size from the BFSI segment is projected to witness modest growth in the foreseeable future, attributed to high adoption of digital platforms, workforce mobility trend, and increasing network complexity. The growing use of network devices and smartphones has burdened network administrators with complex network management tasks, resulting in the adoption of wireless LAN controllers by banking & financial institutions, for optimizing networks and boosting performance.
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Factors such as evolving enterprise requirements to manage their widespread and complex LAN infrastructure in a cost-effective manner and growing usage of cloud-based WLAN controllers to enable easy management of network devices will lead to the wireless LAN controller market growth. Increasing Bring Your Own Device (BYOD) demands is putting strain on the enterprises to secure and manage their networks. This fuels the need for WLAN controllers with advanced security features such as web filtering, antivirus security protection to secure their Wi-Fi networks.
Organizations of all sizes are rapidly shifting towards cloud-managed WLANs to have a centralized control over the networking elements such as firewalls, routers, switches, gateways and other devices, seeking centralized policy controls. By using cloud-WLANs, they can easily manage their entire WLAN infrastructure and can scale their networks to accommodate new devices as per their needs. For instance, Aruba’s Cloud Wi-Fi solution helps distributed organizations to get up to 10times faster Wi-Fi connections than other cloud W-Fi solutions. With the growing affinity towards cloud-based applications, the demand for cloud-manged access points will also rise over the forecast timeline.
The integrated wireless LAN controller market is expected to grow at a CAGR of over 9% over the forecast timeline. The demand for integrated WLAN controllers will surge as the manufacturers are integrating controller capabilities into the network devices such as switches and routers, enabling enterprises to use a single device for management and control of the entire network. Integration of security functionalities such as intrusion prevention and encryption into network devices will also provide security for business-critical wireless LANs.
The rapid upsurge in digital data has led to the introduction of AI in BFSI market, which has positively impacted wireless LAN controller market share. Financial enterprises are leveraging artificial intelligence technology to gather, analyze, and report huge chunks of data to retrieve actionable insights regarding customers to serve their requirements better. Expanding artificial intelligence market size, owing to surging adoption across automotive, manufacturing, retail, healthcare, media & advertising, agriculture, and BFSI, would push network management requirements, thereby propelling wireless LAN controller market size over the future.
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Rising urbanization and commercialization, especially across developing nations, will impact the industry growth. According to a report published by Our World in Data website, approximately 4 billion individuals resided in urban areas, whereas 3.4 billion individuals resided in rural regions, in 2016. Over the last 50 years, the share of people living in urban areas more than quadrupled in Nepal and Mali, and more than tripled in Nigeria and Kenya. By 2050, the global population is projected to reach 9.8 billion, and it is anticipated that the number of people living in the urban area (6.7 billion) will be double of that in the rural area (3.1 billion).
Europe wireless LAN controller market is expected to grow at a CAGR of over 5% from 2019 to 2025 due to increasing usage of wired and wireless devices backed up by internet penetration and growing adoption of cloud-based solutions to enhance the manageability of network infrastructure. The European technology companies are collaborating with cloud solution providers to accelerate wireless adoption for enterprise customers.
Some Points From Table Of Content: –
Chapter 5. Wireless LAN Controller Market, By Type
5.1. Key trends, by type
5.2.1. Market estimates and forecast, 2014 – 2025
5.3.1. Market estimates and forecast, 2014 – 2025
Chapter 6. WLAN Controller Market, By Enterprise Size
6.1. Key trends, by enterprise size
6.2. Large enterprises
6.2.1. Market estimates and forecast, 2014 – 2025
6.3. Small and Medium Enterprises (SMEs)/ Small Office/Home Office (SOHO)
6.3.1. Market estimates and forecast, 2014 – 2025
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