Europe Enterprise WLAN Market revenue to surpass US$8 Bn by 2027

 

According to a recent study from market research firm Graphical Research, the Europe enterprise WLAN market size is set to register a significant growth during the forecast timeframe, due to the growing need for a reliable and strong wireless network infrastructure. The region has a significant population of internet and smartphone users, which automatically results in a high demand for a strong and uninterrupted network connection, thereby enhancing the adoption of enterprise WLAN solutions.

Europe also has a strong presence of IT companies that are engaged in several research and development activities to improve the security of their network infrastructure. The number of wireless hotspots are rising across the region, thereby fueling the use of enterprise WLAN components.

The following is a detailed list of trends strengthening the market potential:

Wi-Fi networks augment demand for enterprise WLAN security software:

Enterprise WLAN security software captured more than 40% share of Europe market in 2020. Several businesses across the region are increasingly depending on mobile computing and digital networks to carry out various complex tasks.

In addition, the demand for Wi-Fi networks is growing at a robust rate, which may risk the security of many organizations as they store large quantities of confidential financial and personal data in their central server. This will boost the installation of enterprise WLAN security software as it can offer the required protection to a company’s sensitive database.

Demand for enterprise WLAN solutions rises among SMEs:

SMEs held over 30% share of the regional enterprise WLAN market in 2020. SMEs across Europe are moving towards digitization and are adopting a secure and reliable internet connection in this regard. With the help of wireless technologies, small and medium-scale businesses can enhance their productivity and performance, which can ultimately expand their customer base, thereby escalating the implementation of enterprise WLAN solutions.

Robust use of enterprise WLAN in the BFSI sector:

The BFSI sector applications accounted for a revenue share of over 10% in Europe enterprise WLAN market in 2020. Many banks and financial institutions are using digital solutions and advanced software to store tons of data that can consist of confidential financial information of their customers and employees.

The BFSI sector is boosting its investments to develop a safe and robust internet security infrastructure by partnering with companies that specialize in offering high-quality cybersecurity solutions. Advanced technologies, such as AI, IoT, and 5G are being deployed on a large scale to enable the use of wireless technologies.

Additionally, enterprise WLAN solutions can prove beneficial for the BFSI sector due to its advantages, such as promoting new products and services, educating customers, storing customer data, and enhancing security measures, among others.

Germany enterprise WLAN market size grows significantly:

Germany enterprise WLAN industry share may reach $1 billion by 2027 due to the high sale of smartphones. The concept of Bring Your Own Device (BYOD) is picking up the pace in many organizations across the country. This scenario has raised the need for a network connection that provides good coverage inside office spaces, which will bolster the deployment of enterprise WLAN solutions.

Europe enterprise WLAN market outlook is expected to remain progressive as the region is witnessing a sturdy rise in the number of smartphone owners and internet users. Prominent companies, including ADTRAN, Inc., Aruba Networks, Alcatel-Lucent Enterprise, Boingo Wireless, Inc., CommScope, Inc., Cambium Networks, Cisco Systems, and Dell Technologies, Inc., among others, are engaged in the development of enterprise WLAN software, hardware, and services for large-scale businesses and SMEs. These solutions will find vigorous applications across hospitality, education, BFSI, IT & telecom, government, retail, and healthcare sectors.

Source: https://www.graphicalresearch.com/industry-insights/2050/europe-enterprise-WLAN-market

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