Cloud-managed LAN Market Size, Share, Growth, and Industry Analysis by Type (Hardware, Software, Service‎), by Application (IT and Telecommunications, Government, Media and Entertainment, BFSI, Transportation and logistics, other), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

CLOUD- MANAGED LAN MARKET REPORT OVERVIEW

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The global cloud-managed LAN market size was USD 474.6 million in 2019 and will touch USD 764.9 million by 2026, exhibiting a CAGR of 7.0% during the forecast period.

A cloud-managed LAN net- work already has many aspects of being a software-defined solution, such that instead of being seen as a precursor of SD-LAN, cloud- managed networks are typically equated with it. Cloud managed LAN is a data transmission network connecting different workstations and computers within a controlled geographical area together with operating data and services that are present in the cloud. The cloud managed LAN services are triggering the market prospects as it offers cloud centralized platform, secure connectivity and an easy-to-use browser-based console. Various IT firms there is a requirement of high speed internet along with the cost effective technology. Cloud managed LAN services are best suited for the use in the various IT firms due to their high speed internet and cost effectiveness. The public cloud, private cloud and hybrid cloud technologies are availed by access to the servers through the penetration of high speed internet.

The increase in adoption and acceptance of outsourcing IT infrastructure & security services in this region for conserving expenses and optimizing the network is expected to boost the cloud-managed LAN market. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

CLOUD- MANAGED LAN MARKET SEGMENTATION

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By Type Analysis

According to type, the market can be segmented into hardware, software, service

Hardware will capture the maximum market share through forecast period.  

• Hardware: Hardware is further segmented into switches, Wi-Fi access points, routers and gateways that are used to build the LAN.

• Software: It comprises network management software, security software, and other applications that enable the management and process of the LAN.

• Service: Service is further segmented into professional services and managed services, maintenance and support services offered by vendors.

By Application Analysis

According to application, the market can be segmented into IT and telecommunications, government, media and entertainment, BFSI, transportation and logistics, other

Cloud-managed LAN market players cover segment as IT and telecommunications will dominate the market share during forecast period.

• IT and telecommunications: These organisation require robust network management solutions to handle the increasing demand for connectivity, data transmission and communication services. Companies are required to meet customer expectations and deliver reliable services.

• Government: Government agencies can focus on their core functions while outsourcing the management and maintenance of cloud infrastructure to expert service providers.

• Media and entertainment: Media and entertainment platforms that depend on on high-performance LAN infrastructure to deliver digital content, manage workflows, and support joint assignments.

• BFSI: BFSI includes banks, insurance companies, stock exchanges, and other financial institutions. BFSI assesses the risks accurately using big data solutions, thus, enabling firms to make informed decisions by analysing transactional data to determine risks based on market behaviour, scoring customers, and potential clients.

• Transportation and logistics: Provides visibility to trade and transportation order and shipment data in one application. Cloud-based logistics platforms can provide real-time tracking and monitoring of shipments, vehicles, and inventory.

• Other: This category includes such as healthcare, retail, manufacturing, education, hospitality which also utilize cloud-managed LAN solutions for their networking needs.

DRIVING FACTORS

"Rise In Use Of Software To Boost The Market Growth"

Software as service technology connects the users to the cloud based apps over the internet. In this technology all the underlying infrastructure, middleware, app software and app data are located in the service provider’s data centre and the user only has to rent the use of the software and connect to it over the internet. The service provider manages the security of apps and data. There is rise in use of software as service technology by the various enterprises which are developed and the enterprises that are emerging globally, which in turn use the cloud managed LAN technologies to avail software as service technology. 

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the cloud-managed LAN market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. In order to enable technological advancement in cloud technology, the cloud can be a suitable model for companies to manage their business effectively.  The cloud-managed networking levels is providing a platform to deliver the resources to collect and analyse data, identify patterns and trends, and present insights which help in improving network operations. 

RESTRAINING FACTOR

"Data Privacy Concern To Hamper The Market Growth"

The adoption of cloud managed LAN solutions requires organizations to trust their network data to cloud service providers. Dependence on third party providers raise concerns about data privacy and security. Organisation must cautiously assess the data protection measures implemented by cloud managed LAN vendors and ensure compliance with relevant regulations and industry standards. Technical difficulties will reduce the industry revenue.

CLOUD- MANAGED LAN MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Digitization Of Business & Rising Demand For Efficient Network Management Solutions"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. 

Asia Pacific is further expected to witness growth in the cloud-managed LAN market share. The region is dominating the market due to increasing digitization of business and rising demand for efficient network management solutions. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Cisco Systems (U.S.)
• Aerohive Networks (U.S.)
• Juniper Networks  (U.S.)
• HP Enterprise Development LP  (U.S.)
• DXC Technology (U.S.)

INDUSTRIAL DEVELOPMENT

March 2020:  Juniper Networks (US) launched Mist Premium Analytics, a new service that offers enterprises a comprehensive network visibility and business incites platform to support increasing demands of digital transformation projects

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.