Uploaded on Mar 27, 2020
The global Wireless LAN security market is estimated to grow up to USD 8.4 Billion at CAGR 19.05% through the forecast period
Wireless LAN Security Market Analysis
Market Highlights
The communication systems that can transmit data effortlessly without using cables are in high
demand globally. Reports that review the information and communication technology industry has
been presented by Market Research Future, which produces reports on industry verticals that
appraise the market expansion and prospects. The market is expected to create revenues worth
USD 8.4 Billion at CAGR of 19.05 % in the course of the forecast period.
The development of infrared or radio frequency technology is a major factor adding to the growth
of the wireless LAN security market. The ability of wireless LAN security to ensure that the data
transmitted is secure along with the capability to reduce the incidence of a malware attack is
driving the progress of the market. Furthermore, elevated development in mobile workforce
solutions and an increasing number of internet-based devices are anticipated to bolster the
wireless LAN security market in the approaching years.
Segmentation:
The segmentation of the wireless LAN security market analysis is conducted on the basis of
technology, deployment, security type, end-users, and region. Based on the security type, the
wireless LAN security market is segmented into WEP (Wired Equivalent Privacy), WPA / WPA2
(Wi-Fi Protected Access), and no-encryption. Based on the technology, the wireless LAN security
market is segmented into mobile VPNs, dedicated security appliances, performance monitoring,
stand-alone WLAN security software, and intrusion detection systems. Based on the deployment,
the wireless LAN security market is segmented into on-cloud and on-premise. The end-users basis
of segmenting the wireless LAN security market comprises of individual consumer and enterprises.
Based on the region, the wireless LAN security market comprises of North America, Europe, Asia
Pacific and Rest of the World.
Regional Analysis:
The regional study of the wireless WLAN security market includes North America, Europe, Asia
Pacific, and Rest of the World. The North American region controls the chief market portion of the
wireless LAN security market. The incidence of chief market players, increasing mobile workforce,
and a surge in demand for high-speed data services are motivating the market in this region. The
APAC region is anticipated to exhibit a sharp growth rate throughout the forecast period. The boost
in the use of mobile devices, implementation of cloud-based solutions in SME and large enterprises
and progresses in the IT sector are majorly accountable for the development in this region. The
important players in this market are frequently innovating in terms of research and development in
order to expand the cost-effective secured WLAN group.
Competitive Dashboard:
The competitors are devoting their resources to ensure an optimum level of growth in the coming
years. The competition level in the market is found to be conducive to the advancement of the
players who are operating in the market. The need to capture a broader chunk of the profits is
supporting the expansion of the market. The influence of governmental policies is motivating
further development in the market. The uncertainty in the market is a critical factor that is driving
the formulation of policies and plans that will be applied to drive market growth. The rise in the
flow of international transactions between nations is further inspiring the progress of the market.
The synergies being created between supply and demand forces in the market is expected to induce
further growth of the market. The fluctuations in the currency are expected to stabilize and thus
create a favorable impact on the market.
The wireless WLAN market includes contenders like Alcatel-Lucent S.A. (France), Blue Coat
Systems Inc. (U.S.), A10 Networks (U.S.), Symantec Corporation (U.S.), Brocade Communications
Systems, Inc. (U.S.), ZTE Corporation (China), Cisco Systems, Inc.(U.S.), Dell Inc.(U.S.), Hewlett
Packard Enterprise (U.S.), Huawei Technologies Co. Ltd (China), Juniper Networks, Inc.(U.S.),
Motorola Solutions, Inc.(U.S.) to name a few.
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