The Global market for Cloud Managed LAN Market is estimated to reach $1523.47 million by 2025, growing at a CAGR of 11.83% from 2020 to 2025.Cloud managed local area network is a data communication network connecting various terminals or computers within a limited geographical area along with operating data and services residing in the cloud. Cloud managed LAN technology nowadays has become a popular source of communication network with broader market prospects. Cloud managed LAN services are influencing the market prospects as it provides secure connectivity, cloud hosted centralized platform and an intuitive browser based dashboard. This cloud managed LAN technology are boosting the growth of the market as it facilitates quick and uncomplicated device exchanges in the data communication network. Fast transmission of large amount of data, demand of high speed internet within a small geographical area, ease of integrating devices into home or corporate networks along with cost effectiveness are fueling the growth of Cloud Managed LAN Market.
By Deployment- Segment Analysis
By deployment the Cloud Managed LAN Market is segmented into public cloud, private cloud and hybrid cloud. The public cloud segment is witnessing significant growth in Cloud Managed LAN market owing to the several benefits like services are offered by third party making them available to the users who wants it whereas in deployment of private cloud services are offered to only a selected users . Public cloud the services are offered by third party providers over the public internet. Due to this feature small and medium enterprises could deploy it. The third party cloud service provider also provides access to the cloud computing resources like servers and storage over the internet which makes the deployment of public cloud easier for the small and medium enterprises along with the large enterprises. Furthermore, public clouds can be deployed faster than the private cloud with an almost infinity scalable platform making it easy for the deployment by various IT firms. These factors are fueling the growth of public cloud aiding the rise in growth of Cloud Managed LAN Market.
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Application – Segment Analysis
By application the market is segmented into healthcare, manufacturing, telecommunications, retail and others. Various healthcare Clinics are witnessing significant growth rate in Cloud Managed LAN Market owing to its wide use in communications, medical data transmissions and patient monitoring. Cloud based wireless LANs are used as tracking systems due to the installation of access points at every corner of the hospitals for constant connection which is used for tracking patient’s records. Many hospitals use a separate network infrastructure for every department as a way to provide security and performance which totally relay upon the cloud based LAN networks. Separate networks operated by cloud managed LAN in hospitals are also used for biomedical devices such as infusion pumps and meters. Furthermore, investments made on electronic medical records, picture archiving and communication systems, clinical imaging systems are carried out in various hospitals through the cloud managed LAN networks fueling the growth of the market in this vertical.
Geography – Segment Analysis
North America dominated the Cloud Managed LAN Market share by a CAGR xx% in 2019 owing to the demand for business operated in analytics, Internet of Things along with infrastructure management. Requirement for cloud managed LAN networks are contributing to further growth of the market in North America region. Furthermore, dynamic business requirements along with growing enterprises are aiding to more use of cloud based LAN networks in this region. According to the International Trade Administration In 2018, 50% of enterprises with more than 1000 users are anticipated using products provided by Cloud Access Security Broker (CASB) to monitor and manage their use of software as service and forms of public cloud in United States. Furthermore, U.S companies are very well-positioned to continue in leaderships positions within the cloud managed LAN global market.
Drivers – Cloud Managed LAN Market
Rising use of Software as service Technology:
In most of the countries like Canada, Australia, United States and others increasing use of software as service technology owing to its low cost , ease of use , scalability are driving the growth of the market. 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 center 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. Deployment of Cloud managed LAN services through the various multinational firms due to the need of secured and cost effective internet along with thereby rise in use of software as service technology are driving the growth of the market.
Cost effectiveness and Access to high Speed Internet:
In the 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. These factors are driving the growth of the market.
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Challenges – Cloud Managed LAN Market
Cloud managed LAN networks generally covers a small geographical area therefore it is difficult for the large enterprises to depend only on cloud managed LAN networks for internet use. Furthermore, for the cost saving perspectives the use of on premises networks are mostly preferred by the various enterprises. Virtual Private Networks are used for communication between the servers rather than the Cloud based LANS owing to its speed, redundancy and application in wide geographical area. VPNs due their high speed, redundancy and security are mostly preferred by the various IT firms replacing the use of cloud managed LANs. These factors are hindering the growth of the market.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Cloud Managed LAN Market are given in this report. Cloud Managed LAN Market is dominated by major companies such as Cisco Systems Inc., Aerohive Networks, DXC Technology, Riverbed Technology, T-Systems International, Lancôme Solutions GmbH, Verizon (US), Nokia (Finland), Juniper Networks (US), Iricent Ltd. among others.
March 24, 2020- Juniper Networks (US) launched Mist Premium Analytics, a new service that offers enterprises a comprehensive network visibilityand business incites platform to support increasing demands of digital transformation projects
March 15, 2019-Riverbed Technology launched SaaS (software as service) accelerators which provide performance enhancements for various SaaS apps like salesforce, box, service now 0365 and others.
If an Organization is geographically dispersed cloud managed LAN enables to control the entire wireless network from a single interface. Flexibility, ease of setup along with scalability are some of the features driving the growth of Cloud Managed LAN Market.
Cloud Managed LAN networks are widely used in various small and medium enterprises for communications, penetration of high speed net and cost effective deployment of various cloud services are further driving the growth of the market.
Hospitals are using cloud based LAN technologies in a wide way for facilitating new healthcare devices which need high speed internet.
North America is dominating the market owing to the rise in enterprises, rise in demand for high speed internet, rise in hospitals facilitating technologies for healthcare using cloud managed LAN networks.
Cloud managed LAN services require the costs of data recovery which could overweigh the benefits for companies that are not as dependent on uptime and instant recovery. Furthermore, in cloud managed services full data recovery could prove very time consuming and impactful on systems. These factors are hindering the growth of the market.
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