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North American Enterprise WLAN Market revenue to cross $10 Bn by 2027
Published Date: 2022-02-02
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North American Enterprise WLAN Market size is projected to reach USD 10 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to growing investments in the telecom industry and presence of leading telecom operators in the region. Regional governments are actively investing in different parts of the telecom industry for accelerating digitalization in North American countries. For instance, in August 2021, the Government of Canada invested USD 44 billion to drive the economic growth of the country and facilitate affordable broadband internet & 5G connectivity for all Canadians. The investment was led by Telesat, an innovative satellite operator. Through this partnership, the company provided advanced and high-speed internet connectivity for the country. Moreover, the presence of leading telecom operators, such as AT&T, Verizon & T-Mobile, is creating ample growth opportunities for the market.
The WLAN security software segment dominated over 35% market share in 2020 due to the growing demand for secure network solutions. The growing instance of cyberattacks and data breaches has increased the demand for WLAN security software. Criminals can easily set-up fake Wi-Fi access points through SSID that is increasing the threat of security. Companies in the region are engaging in partnerships to develop network security solutions. For instance, in April 2021, Nokia entered into a strategic partnership with DISH to provide security to the first cloud-native open RAN-based 5G wireless network. Through this partnership, DISH offers safeguard 5G network slices to support enterprises and wholesale customers. The slice of 5G network can extend from the device through radio access to each application server.
The SMEs segment held around 25% market share in 2020 owing to the growing adoption of wireless technologies in SMEs. Wireless network technologies offer unique opportunities for small business enterprises. It helps SMEs in replacing wired networks in both infrastructure and ad-hoc configuration. WLAN solutions offer several benefits to SMEs such as quick & inexpensive step-up, reducing cabling cost, improving employee efficiency & productivity, speeding up daily tasks, enhancing business resilience, reducing the risk of errors, and others.
Browse detailed statistical insights from the report, “North America Enterprise WLAN Market Forecast 2027 By Application (BFSI, IT & Telecom, Healthcare, Retail, Government, Hospitality, Education), By Component (Hardware [Wireless Access Points, Access Point Antenna, Wireless LAN Controller, Multigigabit Switches, Wireless Location Appliance], Software [WLAN Security, WLAN Analytics, WLAN Management], Service [Professional Service, Managed Service]), By Organization (SMEs, Large Enterprises), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The BFSI segment accounted more than 10% market share in 2020 credited to growing digitalization and increasing adoption of 5G wireless technology across the fintech industry. The emergence of new wireless technologies has strengthened banking services by increasing their efficiency, reliability, and credibility. In wireless network technology, several channel customers can easily invest and monitor their transactions. WLAN solutions offer several benefits to the BFSI industry such as enhanced customer experiences, improve operational efficiency, improve security, mitigate risks, and others.
Canada enterprise WLAN industry is expected to surpass USD 10 billion by 2027, on account of growing government investments to accelerate the use of the internet and increase the demand for high-speed internet connectivity in the country. The major companies in North America are working on developing effective Wi-Fi solutions for their customers. For instance, in January 2021, NETGEAR, Inc. launched WAX214 and WAX218 wall/ceiling mount Wi-Fi 6 Access Points. The new access point offers high-performance and expanded coverage for small businesses. This launch helped the company to expand its networking product portfolio and acquire a competitive position in the market.
The North American enterprise WLAN market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
North America Market, By Component
- Wireless access points
- Access point antennae
- Wireless LAN controller
- Multigigabit switches
- Price optimization
- Wireless location appliance
- WLAN security
- WLAN analytics
- WLAN management
- Professional services
- Managed services
North America Market, By Organization Size
- Large enterprises
North America Market, By Application
- IT & telecom
The above information has been provided for the following countries:
- North America