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The market size for cloud-managed LANs was estimated at USD 1.9 billion in 2022. It is anticipated that the market for cloud-managed LANs would increase from USD 2.07 billion in 2023 to USD 4.19 billion by 2032, with a compound annual growth rate (CAGR) of 9.20% over the five-year projection period (2023–2032). The primary market drivers accelerating market expansion are the increased business enterprise adoption of bring your own device (BYOD) and choose your own device (CYOD).
The market CAGR for Cloud-managed LAN is driven by the expanding use of cloud services. Quickly developing sophisticated programmes that combine or coordinate their clients’ use of various cloud resources are service providers. This holds true for both developing cloud-native apps and cloud migration.
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Cloud-Managed LAN Market Key Players –
Key Companies in the Cloud-managed LAN market include:
Leading network service providers provide cloud systems with a variety of cloud services integrated to automate deployment and ensure smooth operations, even though these platform features differ depending on the vendor’s strategy. Through the standardisation of various cloud providers, the network gains increased coordination and information processing for use with these technologies.
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The consumption of cloud services may be tracked using this meta-data, and modifications can be planned in the future. Because one cloud vendor was unable to provide the functionality, businesses have been using hybrid cloud technologies to increase the accessibility and adaptability of cloud infrastructure without moving directly to the cloud or to numerous public or private clouds. Hybrid cloud platforms are opening up new investment opportunities for managed cloud service as a result of the increased use of digital network channels.
Managed cloud services will lead all other technologies as businesses establish plans to fulfil their IT and network needs.
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Segmentation
Network management, monitoring performance management, onboarding services, configuration solutions, policy enforcement, and other services are included in the market segmentation for cloud-managed LANs based on solutions. With 35% of market sales, the network management segment dominated the market.
Professional service and managed service are both included in the market segmentation for Cloud-managed LANs based on services. The market was dominated by the managed services sector. The main factor driving the segment’s growth is the increase in the number of businesses using cloud-managed services to handle network-related services and network management and administration.
Large and medium businesses are included in the Cloud-managed LAN market segmentation based on enterprise size. The market was controlled by the large company category. Major corporations may manage their cloud environments with the assistance of cloud hosting providers, increasing resources as needed without having to buy new gear.
Based on industry verticals, the cloud-managed LAN market is segmented into IT and Telecom, BFSI, government, media entertainment, education, manufacturing, and other sectors. The largest money was made in IT and telecom.
Regional Insights for LANs administered by the cloudThe analysis offers market information for North America, Europe, Asia-Pacific, and the rest of the world, organised by region. This market will be dominated by the North American cloud-managed LAN market because of the region’s adoption of managed cloud services and the region’s expanding customer demand.
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The second-largest market share for cloud-managed LANs is in Europe. In many European nations, spending on cloud computing and information technology is moving in the direction of digitization. Hybrid cloud adoption is essential for the digitization of industries. New and innovative projects and ideas are constantly being developed and put into practise using cloud infrastructure. Additionally, the UK’s cloud-managed LAN industry was expanding at the quickest rate in Europe while Germany’s cloud-managed LAN market held a dominant position.
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