WLAN EQUIPMENT MARKET ANALYSIS

Market Challenges And Opportunities

However, data privacy is the major challenge faced by many organizations, owing to tremendous increase in cyber-attacks such as data breaches, malware, and others. These factors are expected to hamper growth of the WLAN equipment market over the forecast period.

Factors driving growth of the WLAN equipment market.

The integration of IoT and increasing demand for cloud-based applications are the factors that are expected to drive growth of the WLAN equipment market over the forecast period. In these applications system can collect data from user home appliances through wireless network to provide seamless experience of services and products to end-users. Moreover, due to the rising innovations and developments in the wireless solutions, end users are preferring wireless technologies over wired and cable management systems. For instance, end user can connect multiple devices to wireless network and can move anywhere at home and can share data over wireless network to other devices. Additionally, IoT devices transfer data at a faster rate, which is highly beneficial for commercial and personal purposes. Furthermore, technologies such as Wi-Fi 6 improves the performance of IoT devices and ensure more secure internet connectivity. The adoption of faster network technologies will boost faster communication methods and further improve the productivity of businesses. Thus, development of cloud-based technologies is expected further to drive growth of the WLAN equipment market over the forecast period.