Market Insights:
Wireless Network Security Market size was valued at USD 19.9 Billion in 2021, registering a CAGR of 13.39% during the forecast period (2022-2030), and the market is projected to be worth USD 61.66 Billion by 2030.
Wireless network security refers to the application of common network-layer security standards to wireless (or WiFi) networks. Wireless network security is becoming increasingly important as the usage of mobile workplaces expands. Administrators are increasingly under pressure to safeguard important organisational assets from cyber-attacks. Unauthorized viewers may gain access to critical company data if employees utilise a wireless network to access it without concealing the connection (e.g., via password-protected access). Administrators can avoid the difficulty of administering yet another security mechanism, such as WEP (Wired Equivalent Privacy), by encrypting all user traffic on both wired and wireless networks and protecting the wireless network’s access layer using an SSL VPN device.
Wireless Network Security Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Solution (Firewall, Intrusion Detection System, Encryption, Identity & Access Management, Unified Threat Management), By Service (Security Operations, Consulting Services, Managed Security Service), and companies (Aruba Networks,Symantec Corporation,Honeywell and Robert Bosch,A10 Networks,Alcatel-Lucent S.A.,Blue Coat Systems Inc., Sophos Ltd.,Ruckus,Motorola Solutions,Juniper Networks,Fortinet,Cisco Systems Inc.,Brocade Communications Systems Inc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 13.39%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Wireless Network Security in the Network Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Wireless Network Security also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Wireless Network Security in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 61.66 Billion |
| CAGR (2022-2030) | 13.39% |
| By Solution | Firewall, Intrusion Detection System, Encryption, Identity & Access Management, Unified Threat Management. |
| By Service | Security Operations, Consulting Services, Managed Security Services. |
| By Industrial Vertical | IT & Telecommunications, Healthcare, Aerospace & Defense, Retail & E-Commerce, Manufacturing, BFSI. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Aruba Networks,Symantec Corporation,Honeywell and Robert Bosch,A10 Networks,Alcatel-Lucent S.A.,Blue Coat Systems Inc., Sophos Ltd.,Ruckus,Motorola Solutions,Juniper Networks,Fortinet,Cisco Systems Inc.,Brocade Communications Systems Inc. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Wireless Network Security market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Aruba Networks,Symantec Corporation,Honeywell and Robert Bosch,A10 Networks,Alcatel-Lucent S.A.,Blue Coat Systems Inc., Sophos Ltd.,Ruckus,Motorola Solutions,Juniper Networks,Fortinet,Cisco Systems Inc.,Brocade Communications Systems Inc.
Market Segment Analysis:
By Solutions
- Firewall
- Intrusion Detection System
- Encryption
- Identity & Access Management
- Unified Threat Management
By Services
- Security Operations
- Consulting Services
- Managed Security Services
By Industry Vertical
- IT & Telecommunications
- Healthcare
- Aerospace & Defense
- Retail & E-Commerce
- Manufacturing
- BFSI
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Wireless Network Security industries in the region.
Key Wireless Network Security Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Wireless Network Security Market segments.
– Largest Market Share Held by Industry to Industry for Wireless Network Security
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Wireless Network Security Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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