Wireless Network Security Market Trends & Solutions | Growth Market Reports
                     *Wireless Network Security 
Market Trends & Solutions
*Why Wireless Network Security is Important?
*Wireless network security prevents unauthorized access to the wireless 
network. It avoids the hackers or intruders to steal the data transferred 
via the network. Moreover, it impedes their authority to meddle with 
the devices which are connected through wireless communication. The 
rise in the cybercrimes has persuaded the organizations to deploy 
wireless network security solutions. As per the data cited by 
Cybercrime Magazine, the cybercrime is expected to cost around USD 6 
Trillion by 2021. Thus, to not spot themselves in a vulnerable position, 
enterprises are looking for the “best wireless security solutions.”
Today, organizations are transferring an enormous amount of data that 
can be confidential and their leakage will not only incur them losses 
but degrade their reputation. A recent study by IBM stated that the 
average cost of data breach costs around USD 8 Million in the United 
States. Industry verticals such as healthcare where patient data is 
crucial, government body where data leakage can put the country in 
turmoil have surged the importance of wireless network security.
*In the IT world, there are some stringent compliances 
that are mandated to be followed by organizations. The 
violation of these rules can cause them fines or 
penalties. These compliances are laid out to ensure that 
the company’s digital assets and technology are secured 
and most importantly their clients' sensitive information 
is not disclosed. Moreover, the integration of the latest 
technologies and the increasing number of IoT devices 
has further increased the importance of wireless 
network security solutions.
*
Common Wireless Network Security Issues/Threats
*Wireless Local Area Network (WLAN) has become the 
gateway to the Internet. They use radio waves to 
transmit and receive the data without using any cables. 
However, over the years, there have been some most 
common WLAN security threats that have been faced by 
most of the users. Below are the few WLAN security 
threats:
*Denial of Service (DoS) Attacks:
*In DoS attacks, the users are not able to access the device 
or the network which can ultimately lead to the crash of 
the system. The hackers carry out this attack by flooding 
the target with a lot of traffic or information which 
crashes the network. There are various types of DoS 
attacks such as Buffer overflow attacks, ICPM flood, and 
SYN flood.
*Spoofing & Session Hacking:
*In the case of spoofing, the attacker will use the active 
user’s identity and gains access to the network while in 
the session hacking, the attacker steals the user’s session 
key and disconnects the connected user.
*Eavesdropping Attack:
*The hacker intercepts or gets access to the data which is 
being sent over the network. In this type, the attackers 
take advantage of an unsecured or vulnerable wireless 
network to steal the data. It’s also called sniffing or 
snooping attacks.
*Wireless Network Security Market Trends
*As per the detailed report, the global wireless network security market 
size was around USD 15 Billion in 2019 and is expected to surpass 41.5 
Billion by the end of 2026, expanding at a CAGR of at least 13% during the 
forecast period 2020-2026.
*Internet of Things (IoT):
*As per the data published on Security Today, around 31 Billion IoT Devices 
are estimated to be installed by 2021, the number is expected to increase 
by staggering 4 Billion by the year 2023. Although these IoT devices have 
eased up life, it has slumped the technology with security challenges. 
Global IoT market is also expected to grow at a good growth rate. The 
implementation of IoT in retail, BFSI, IT, house-hold, medical devices, 
and consumer electronics has created security vulnerabilities. For 
instance, the installation of IP cameras in high-security areas such as 
banks and government facilities has created a loophole to meddle with 
the system. Therefore, it’s important to deploy wireless network security 
solutions to protect the IoT devices from attacks. The growing demand 
for IP wireless cameras is ultimately creating lucrative opportunities for 
industry players in emerging economies.
*Bring your own Device (BYOD):
*The mobile workforce is an easy target for hackers. The growing trend 
of BYOD in the companies has brought a share of vulnerabilities for 
the enterprise. A survey says that nearly 80% of the organization has 
deployed the BYOD policies. Therefore, it has become important for 
companies to deploy wireless security solutions in the workspace. If 
not taken care of, they can fall to data theft. Besides this, the BYOD 
trend has led to an increase in malicious attacks and insider threats 
which can lead to the compromise of sensitive information.
*Managed Wi-Fi Services:
*Companies don’t want to invest a considerable amount of capital by 
deploying an “IT Team.” Therefore, to reduce the burden, they’re 
looking for managed WLAN services. This is expected to offer lucrative 
opportunities for the industry players that are providing managed 
security services to the clients. According to the survey, managed 
security services save up to 50% of the costs to the enterprise which is 
a WIN-WIN situation for both parties. Currently, large enterprises are 
signing up for these services. Moreover, the availability of cloud-based 
Wi-Fi services has enticed small and medium enterprises (SMEs) to 
deploy these services at the workplace.
*802.11ax & WPA3
*Industry players are deploying next-generation Wi-Fi 
with 802.11ax security standards. In the year 2020, the 
Wi-Fi 6 usage is trending as it has improved efficiency 
and performance. However, in the security perspective, 
the WPA3 security standard is being considered as the 
optimal option for the enterprise and personal usage. 
The 802.11ax addresses the latest Wi-Fi challenges by 
improving the speed and provides benefits at smart 
offices and manufacturing spaces where 2.4GHz IoT 
devices exist and security authentication is crucial.
*Types Wireless Network Security Solutions Available in The Market
*Wireless networking has become a major part of everyone’s life. It has 
increased productivity and improved operational efficiency in the 
workspace. Therefore, to monitor the network and avoid the 
vulnerabilities, there are major wireless network solutions provided by 
industry players in the market. Below are the 5 major wireless 
network security solutions:
*Firewall:
*Usually, wireless routers already have built-in firewalls which prevent 
the unidentified users to access the networks. However, there are 
additional wireless firewall (Wi-Fi Firewall) products available in the 
market that can be integrated into wireless networks. It’s the most 
common type of security solution deployed in the workspace or 
business. It protects from the potential cyberattacks and disconnects 
them from the wireless network. The popularity of Wi-Fi firewall 
solution is expected to witness a slight drop in the coming years.
*Intrusion Prevention/Detection Systems (IP/IDS):
*When a hacker is on the verge of attacking the network, 
the intrusion prevention software identifies and prevents 
the attack on the network. This IDS or IPS system issue the 
wireless network with software intelligence to carry out 
the aforementioned tasks. It detects the abnormalities on 
the wireless network and analyzes traffic behavior.
*Identity and Access Management (IAM)
*The primary aim of IAM systems is to grant access to 
authorized users and enforce the company’s policies on 
wireless networks. It tracks and creates reports of the 
users’ activities and also ensures that the users are 
compliant with the corporate and government bodies' 
policies. From small to large businesses, everybody is 
deploying IAM systems to safeguard information assets and 
improve productivity.
*Encryption:
*Wireless encryption is the basics of wireless security that avoids 
the intruders to stay out of the wireless network. There are 
three types of wireless network security protocols, which are Wi-
Fi Protected Access (WPA), Wired Equivalent Privacy (WEP), Wi-
Fi Protected Access 2 (WPA2). Currently, WPA2 with 802.1X is 
the most popular type of encryption used to secure the network. 
However, WPA3 is expected to gradually replace the WPA2 in the 
coming years.
*Unified Threat Management (UTM)
*UTM system provides a package of wireless security solutions 
such as content filtering, anti-virus, and anti-spam, among 
others. It protects the wireless network from data threats, 
malware, and any other type of attack. According to the 
research, this solution segment is anticipated to exhibit a higher 
CAGR in the foreseeable future. Industry players in healthcare, 
IT & telecom, and military are increasingly deploying UTM 
solutions.
*Impact of COVID-19 to the Market
*The virus outbreak has grappled every other industry. It has 
forced employees to work from home which has created 
possible vulnerabilities for the data stored on the PCs or 
laptops. Therefore, to deal with the potential threats, 
organizations are laying out security policies while 
employees are recommended to use a Wi-Fi router which is 
secure. Moreover, employees are recommended to use a 
network that complies with WPA-2 and Advanced Encryption 
Standard (AES) protocol.
In the current scenario, various phish attacks have been 
reported which can easily meddle with the systems. 
According to the data from Cisco, there has been an 
increase of 3.5X in malware while 1.7X surge in phishing. 
Therefore, to protect the home users from these attacks, 
industry players are providing DNS-layer security to their 
systems. This means that if the employee encounters a 
malicious activity on the domain, they would be diverted to 
a block page.
*Currently, the businesses have witnessed a downfall but 
the “Work from Home” trend is expected to bring out new 
wireless network security solutions that can roll out new 
market avenues for new entrants and emerging players. 
According to the survey, 67% of the companies are 
expecting the “Work from Home” norm to be permanent. 
Well, this is expected to change the business models and 
bring out creative strategies to capture the market.
*
Major Companies’ Latest Developments in the Market.
*Fortinet
*In February 2020, Fortinet, an American network security 
company, launched a next-generation firewall that is 
powered by its NP7 processor. The FortiGate 1800F is 
designed to address potential threats, improve the data 
centers' performance, and enforce security policies.  
*Recently, the company unveiled FortiAP-S Series which has 
embedded security functions in the AP hardware. The AP 
hardware provides IPS which protects the network from 
newly discovered virus and malware threats. The 
organization has specially designed its product for SMEs and 
distributed enterprise. Along with this, it has also launched 
FortiAP and FortiWifi to handle the security solutions 
without depleting the performance at the organization.
Fortinet has been heavily investing in network security and 
focusing on the innovations in 5G, IoT, and cloud security. 
Fast forward in May 2020, the enterprise announced the 
launch of FortiGate 4200F which offers a security compute 
rating of 10X for IPsec encrypted performance, 5X for SSL 
inspection, 15X for connections per second. This company 
witnessed an increase of 20% in the revenue in 2019 as 
compared to 2018.
*Cisco Systems
*In February 2017, Cisco Systems, United States networking 
hardware company, unveiled the Cisco Umbrella which 
protects from Internet-based threats and blocks unwanted 
malicious attacks. Moreover, it prevents malware, 
ransomware, and other phishing attempts from attackers. 
Most importantly, it can protect the user’s device without 
being connected to the office network. Its product also 
helps in enforcing the organization’s policies.
The multinational company stepped into a security 
portfolio after acquiring OpenDNS, a cloud security 
Software-as-a-Service (SaaS) platform which bestows 
threat protection at the DNS layer. This move has helped 
the enterprise to leverage its market position. During the 
pandemic, the company is providing DNS-layer security and 
Umbrella product which is aiding the employees to protect 
their system from potential attacks.
*In August 2020, Shenandoah Telecommunications, a 
prominent telecommunication service provider in Virginia, 
announced the launch of the Shentel Business Managed 
Solution portfolio in the market. The managed solution is 
powered by Cisco Meraki, a subsidiary of Cisco Systems, to 
simplify data network management and provide security 
to SMEs.
*Juniper Networks, Inc.
*In April 2019, Juniper Networks, a prominent player in the 
networking and cybersecurity market, acquired Mist 
Systems, an artificial intelligence (AI) powered networking 
startup, for USD 405 Million. This acquisition is expected 
to leverage Juniper’s networking portfolio which would be 
combined by Mist’s WLAN platform powered by AI.
*Fast forward two months, the company rolled Wi-Fi 6, AI-
based cloud services. Along with this, Mist has partnered 
with Forescout to secure client’s IoT devices and 
automate the management. This will help the clients to 
monitor devices such as smartphones, laptops, and 
security devices, among others. In March 2019, the 
enterprise launched two new security solutions on its 
Connected Security portfolio. These two solutions include 
Contrail Enterprise Multicloud and the cSRX firewall.
In February 2020, the company integrated encrypted 
traffic analysis, its latest feature to the Juniper ATP 
Cloud, and SRX series firewalls. Juniper is currently 
focusing on adding new features to stay ahead in the 
competition while partnering with other industry players 
to expand their market share.
*Other major industry players include Motorola Solutions, 
Brocade Communications, Honeywell, ADT, Symantec 
Corporation, and Aruba Networks (HPE), among others. 
Various companies are entering into security solutions 
owing to the lucrative opportunities in the coming years. 
For instance, Hewlett-Packard (HP) expanded its 
portfolio with the acquisition of Aruba Networks for USD 
2.7 Billion in 2015. Fast forward two years, the company 
launched Aruba 360 Secure Fabric to protect the 
organization from IoT, mobile, and cloud-based threats.
*Wireless Network Security Market Regional Analysis
*North America Region
*In 2019, North America accounted for the largest market 
share and is expected to continue the trend during the 
forecast period. The presence of major players in the 
market and early adoption of the latest technologies such 
as IoT and AI is driving the growth of the market. Various 
retail and healthcare companies are swiftly integrating 
wireless network security solutions to protect the data 
and avoid malicious attacks. This market region is 
witnessing the emergence of various industry players as 
many IT companies are expanding their portfolio in the 
security solutions. The increasing number of smart homes 
is also acting as a major growth driver in the market. 
Moreover, the growing trend of cloud-based solutions is 
proliferating the growth of the market.
*Asia Pacific Region
*The Asia Pacific region is expected to offer lucrative opportunities in the 
foreseeable future. This region is anticipated to expand at a CAGR of more 
than the global growth rate. Particularly, emerging economies such as 
India and China is expected to offer opportunities to the new entrants and 
emerging players in the market region. Government initiatives to support 
the local players in these countries is expected to encourage new players 
and companies to expand their product portfolio. For instance, in the 
lockdown period, India Government initiated the campaign name “Vocal 
for Local” which stated to support or choose local companies over 
international ones.
*Middle East & Africa Region
*This market region is expected to grow at an exponential rate in the 
forecast period owing to the swift growth in the IT infrastructure. 
According to the research, the Wi-Fi as a Service (WaaS) market is 
speculated to expand at a CAGR of at least 25% during the forecast period. 
Various foreign companies are setting up their base in the Middle East & 
Africa which is expected to fuel the growth of the wireless network 
security market. Moreover, the swift growth of the BFSI and retail sector 
in this region is spurring market growth.
*Additionally, Europe and Latin America region is expected to 
grow at a robust rate owing to the expansion of IT 
infrastructure and innovation in the manufacturing facilities.
*Bottom Line
*The wireless network security market is anticipated to create 
market avenues owing to the technological advancements in 
various industry verticals. The advent of AI, machine learning, 
and IoT is expected to change the dynamics of the market. 
Few industry payers are focusing on emerging economies and 
providing them cost-effective solutions to swiftly expand the 
market share. They’re providing a wholesome package of 
consulting and product services to enhance their consumer 
experience. Most importantly, this market is expected to 
provide high ROI to investors in the foreseeable future.