WLAN EQUIPMENT MARKET ANALYSIS

Regional Analysis

Regional analysis of WLAN equipment market

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

Among regions, North America is expected to account for largest market share over the forecast period, owing to the presence of key players in the region such as Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, and Ruckus Wireless. The growth of the global WLAN equipment market is due to the advancement in technology and key players in this region are investing in research & development in WLAN technologies. Furthermore, there is increasing demand for hotspots, owing to rise in the adoption of smartphones and tablets and growth in internet dependency among customers in the region. For instance, according to Coherent Market Insights analysis, the number of smart phone users in US increased from US$ 264.5 in 2019 to US$ 274.7 in 2020. North America is the developed country and the main IT hub, which increases the demand for the WLAN equipment market. This is attributed to  industrialization and existence of many IT companies which uses LAN for various application such as IT and Telecommunications, BFSI, Retail, Government and Public Sector, Healthcare, and Transportation.

Moreover, Asia Pacific is expected to witness significant growth over the forecast period owing to the highest deployment of cloud-based services in the region. In addition, Asia Pacific is investing in the IT and telecommunication sector, which in turn is expected to drive growth of the WLAN equipment market.