Report ID : 10151353 |
Published Date : 21 Mar 2025 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Definition of Cloud-managed LAN
Cloud managed local area networks (LANs) are networks for data communication that link several computers or terminals in a certain geographic area while also managing data and services on a cloud platform. Cloud managed LAN services include secure connectivity, a user-friendly dashboard accessible via a web browser, and a cloud-hosted central platform. These services aid in making the data communication network's device exchanges swift and simple. The rising demand for high-speed internet in a narrow geographic area and the increasing requirement for a solution for the quick transmission of massive amounts of data is increasing the demand for cloud-managed LAN.
Global Cloud-managed LAN Market: Key Insights
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
~9% |
|
Base Year Market Size (2022) |
~ USD 3 Billion |
|
Forecast Year Market Size (2033) |
~ USD 140 Billion |
|
Regional Scope |
|
Global Cloud-managed LAN Market Highlights Over 2023 - 2033
The global cloud-managed LAN market is estimated to garner a revenue of ~ USD 140 billion by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 3 billion in the year 2022. The increased adoption of cloud computing by enterprises is thought to be the primary factor driving the growth of the global cloud-managed LAN market. For instance, as of 2020, ~61% of companies have been observed to adopt public, private, or hybrid cloud services for workplaces.
GET A SAMPLE COPY OF THIS REPORT
The use of cloud-based apps is also on the rise among enterprises. An average enterprise is thought to employ more than 1350 cloud-based apps. The increased adoption of cloud services also leads to great investments in IT infrastructure. The expenditure on IT infrastructure, including Ethernet switches, servers, and enterprise storage solutions, is thought to reach ~USD 56 billion by 2022. Further, more than 79% of enterprises that adopt cloud computing have reported operational improvements in a period of a few months.
Global Cloud-managed LAN Market: Growth Drivers and Challenges
Growth Drivers
-
Increased Adoption of Artificial Intelligence (AI) and Machine Learning (ML) – It has been estimated that as of 2020, ~51% of companies have adopted Artificial Intelligence (AI) for their business functions. Further, service operations, product/service development, and sales and marketing were observed to be the leading business functions using AI. In 2019 the majority of expenditure on AI, amounting up to USD 30 billion, was spent on ML applications, with security purposes (~26%) and sales and marketing (~17%) being the top priorities of IT leaders worldwide.
-
Increased Concerns About Cyber Security – Close to 70% of business leaders express concerns about increasing cybersecurity risks.
-
Increase in Bring Your Own Device (BYOD) Policy During the Pandemic - Close to a 60% increase was observed in the use of BYOD during COVID-19 globally.
-
Growing Demand for Wi-fi Solutions Across the Public Venues – Close to 50% of the general population in the U.S. alone use public wi-fi to reduce mobile data usage when they are away from home.
Challenges
-
Absence of a Standard for Connection and Operation of Wi-fi Solutions
-
Concerns Regarding Data Security Over Cloud-managed LAN
-
Lack of standards- It is anticipated that the lack of Wi-Fi connection and operability standards will challenge the market's growth for cloud managed LANs.
The global cloud-managed LAN market is segmented and analyzed for demand and supply by enterprise size into large enterprises and small & medium enterprises (SMEs). Between these, the SMEs are anticipated to hold the largest market size by the end of 2023. The increased adoption of cloud services by SMEs for various reasons is the main reason for the market growth in this segment. For instance, ~ 80% of small businesses were thought to fully adopt cloud services by 2020. Further, more than 40% of SMEs favor using the public cloud. Benefits in security (~95%), productivity (~60%), and cost reduction (~83%) are the main reasons for cloud adoption among SMEs.
Global Cloud-managed LAN Market Regional Synopsis
Regionally, the global cloud-managed LAN market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2033. The increased adoption of cloud computing and advanced technologies like ML and increased cyber-attacks are the main reason for the growth of the cloud-managed LAN market in the region. For instance, North America constitutes more than 79% of global ML adoption, while the U.S. is considered ahead of the rest of the world by several years in cloud adoption by 2022. Additionally, more than 45% of cyber-attacks in 2020 targeted the U. S.
Market Segmentation
Our in-depth analysis of the global cloud-managed LAN market includes the following segments:
|
By Component |
|
|
By Solution |
|
|
By Service |
|
|
By Enterprise Size |
|
|
By Industry Vertical |
|
Customize this Report: Request Customization
Key Companies Dominating the Global Cloud-managed LAN Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud-managed LAN market that are included in our report are Cisco Systems, Inc., Cambium Networks, Ltd., CommScope, Inc., DXC Technology Company, Extreme Networks, Inc., Iricent, Juniper Networks, Inc., LANCOM Systems GmbH, Nokia Corporation, T-Systems International GmbH., and others.
Global Cloud-managed LAN Market: Latest Developments
-
July, 2022: Nokia Corporation – announced deploying a passive optical LAN (POL) solution in collaboration with Orange France to replace the existing copper-based LAN.
-
November, 2020: Extreme Networks, Inc. – announced launching a New Cloud-Driven LAN Service, NBLS 2.0, in partnership with Deutsche Telekom.
