The voice over wireless LAN market is getting impacted strongly by demands for effective communication. Voice over wireless LAN is an effective method to communicate by sharing existing WiFi network at low, or no-cost. This increases the profit margin for any company substantially owing to which industries are now showing great interest in the sector. The market is buzzing with the prospect of voice over wireless LAN integration due to which an 11.65% CAGR during the forecast period (2018-2023) for the voice over wireless LAN market is quite possible. With this kind of growth rate, doubling the market valuation and reaching USD 34.68 billion mark by 2022 seems easily attainable. As per the reports of Market Research Future (MRFR), its ability to provide low-cost WiFi solution efficiently, improved indoor coverage through WiFi, and deft handling of increasing data traffic can take the voice over wireless LAN market forward in coming years.
However, the voice over wireless LAN market may have to ride across a few bumps regarding cost. Its installation procedure and infrastructural setup can incur high cost which can emerge as a set back for the voice over wireless LAN market during the forecast period. But 5G technology integration holds a lot of promise for the market making long-time depression a distant dream.
The global Voice Over Wireless LAN Market experiences significant strategic involvement from diverse companies that set the market on an upscale track. These tactics include mostly merger, collaboration, acquisition, and other methods for market expansion.
Cisco Systems, Inc. bought BroadSoft in 2018 which can be a step towards the future of communication. BroadSoft can better Cisco’s market portfolio.
Hewlett-Packard (HP) in 2018, bought Aruba Networks, Inc., a leading provider of network access solutions for the mobile enterprise.
Key contributors in the voice over wireless LAN market growth are Cisco Systems, Inc. (U.S.), Aruba Networks, Inc. (U.S.), Zebra Technologies Corporation (U.S.), Ruckus Wireless, Inc. (U.S.), Aerohive Networks, Inc. (U.S.), Extreme Networks, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Avaya Inc. (U.S.), Alcatel-Lucent Enterprise (France), and Dell Inc (U.S.).
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The MRFR report highlights an inclusive segmental analysis of the global voice over wireless LAN market based on end user, application, and solution.
By solution, the global voice over wireless LAN industry is segmented into services and hardware. Of these, the hardware segment will lead the market over the forecast period. It is further segmented into voice handsets/IP wireless phones, wireless hotspot gateways, wireless LAN controller, wireless LAN access points, and others. The services segment is again segmented into support and maintenance, training, upgradation and implementation, deployment, and planning and design. The services segment will grow at a fast pace over the forecast period.
By application, the global voice over wireless WLAN market is segmented into security and emergency alarms, unified communication and collaboration, and others. The others segment is again segmented into inventory management, shipment tracking, price marking, and others. Of these, the security and emergency alarms segment will dominate the market over the forecast period.
By end user, the global voice over wireless LAN market is segmented into hospitality, logistics and transportation, manufacturing and distribution, education, retail facilities and warehouses, public sector and government offices, healthcare, residential and small office/home office SOHO, and others. Of these, the healthcare segment will have a major share in the market over the forecast period.
Based on the region, the global voice over wireless LAN market covers the growth opportunities and recent trends across Europe, North America, Asia Pacific (APAC), and Rest-of-the-World (RoW). Of these, North America will spearhead the market over the forecast period. The presence of superior infrastructure & industries, technological advances, and the presence of market behemoths are adding to the global voice over wireless LAN market growth in the region.
The global voice over wireless LAN market in Europe is predicted to hold the second-largest share over the forecast period.
The global voice over wireless LAN market in the APAC region is predicted to grow at a fast pace over the forecast period. The largest smartphone market in China, important collaborations in Japan, and favorable initiatives by the government like Digital India are adding to the global voice over wireless LAN market growth in the region. India and China have the utmost share in the market.
The global voice over wireless LAN market in the RoW is predicted to have sound growth over the forecast period.
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