Voice over Wireless LAN (VoWLAN) Market Worth 34.68 Billion USD by 2022
PUNE, India, October 12, 2016 /PRNewswire/ --
According to this market research report "Voice over Wireless LAN (VoWLAN) Market by Solution (Hardware, And Services), Application (Unified Communication & Collaboration, Security & Emergency Alarms), End-User, & Geography - Global Forecast to 2022", the VoWLAN market was valued at USD 15.01 Billion in 2015 and is expected to reach USD 34.68 Billion by 2022, at a CAGR of 11.65% during the forecast period.
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Browse 69 market data Tables and 71 Figures spread through 151 Pages and in-depth TOC on "Voice over Wireless LAN (VoWLAN) Market"
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Factors such as growing demand for low-cost and efficient Wi-Fi solution, high indoor coverage, better voice quality, high performance and speed are driving the growth of the VoWLAN market.
Healthcare expected to hold the largest market share during the forecast period
The healthcare sector held the largest share of the VoWLAN Market in 2015, followed by the logistics and transportation sector. The hospitals were one of the first users of VoWLAN solutions, majorly due to the need for emergency 'verbal exchange of information' and effective communication required among the medical staff for saving the lives of patients.
The service VoWLAN market expected to grow at the highest CAGR between 2016 and 2022
The services play an important role because in VoWLAN; the quality of voice, performance and speed are the major challenges. The VoWLAN system is susceptible to external changes and disturbance while connected with the network, which may affect coverage and call quality, and therefore, it requires continuous monitoring, maintenance and support, hence the service market is expected to grow as compared to hardware market.
The VoWLAN market in APAC likely to grow at a high CAGR during forecast period
Several initiatives have been taken up by the Government of India such as Make in India and Digital India which is one of the major factors supporting the growth of the VoWLAN market in APAC. As China holds the largest smartphone market in the world, due to this the scope for VoWLAN system is high as the smartphone is a dual mode which is also used for Wi-Fi calling. Such initiatives by the companies are driving the VoWLAN market.
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Major players operating in the VoWLAN market include Cisco System Inc. (U.S.), Aruba Networks (U.S.), Aerohive network (U.S.), Ruckus Wireless (U.S), and Zebra Technologies Corporation (U.S), Extreme Network (U.S.), Alcatel Enterprises (France), Avaya (U.S.), Huawei Technologies (China), and Dell Inc. (U.S).
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