Uploaded on Oct 12, 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
Market Research Future (MRFR) affirms that the global wireless LAN security market can touch a
valuation of USD 8.4 Billion by 2023. MRFR also adds in its latest report that the market has the
potential to grow at the rate of 19.05% from 2016 to 2023, which is the forecast period.
Drivers and Restraints
The wireless network security market trends are advanced telecommunication and fast Internet of
Things adoption. In all verticals of an enterprise, Internet of Things tools from industrial robots to
sensors used in medical applications are deployed. Increasing network infrastructures, data
centers, and applications need market-oriented encryption techniques. The stronghold of various
innovations, such as bringing your own device (BYOD) and growing deployment of advanced
network technology across multiple organizations, creates a great positive impact on the wireless
security network market size0k. Wireless network protection also plays a crucial role in
safeguarding sensitive data by the data encryption process. Another significant driving force in the
wireless network protection market is the implementation of intrusion detection technology in
various applications, such as sensitive infrastructure and high safety areas. The wireless network
security market is experiencing high growth due to the growing demand for the WLAN security
framework. Wireless network protection systems are used to increase network performance and
allow data transmission at high speed in a safe environment.
The significant constraints faced by the wireless security market are caused by the efficient
convergence of wireless technologies across mobile devices that will hamper wireless network
security market development. The rising wireless devices in industries for remote monitoring and
controlling are generating security challenges.
Segmentation:
The global wireless LAN security market analysis can be split into security type, technology,
deployment, and end-users.
Given the security type, the segments mentioned in the report are WEP (Wired Equivalent Privacy),
WPA / WPA2 (Wi-Fi Protected Access) and no-encryption.
Technology-wise, the market has been classified into mobile VPNs, dedicated security appliances,
performance monitoring and intrusion detection systems as well as stand-alone WLAN security
software.
Considering the deployment segment, the market includes on-cloud and on-premise.
The end-users in the wireless LAN security market include enterprises and individual consumers.
Regional Analysis
The geographical overview of the global market has been conducted in four major regions,
including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.
North America retains the majority of the global wireless LAN security market share. The market in
this area is driven by factors including technological advances, cloud-managed Wi-Fi, and
enterprise IoT applications. Significant companies are engaged in operations, including mergers
and acquisitions, to achieve market traction. A10 Networks Collaborated with Symantec
Corporation and American Information Security Company and Venafi, Inc., an American networking
device maker. By working in collaboration with industry leaders, A10 networks have developed
advanced data center solutions to offer security modules that help identify threats, reducing
security violations, therefore, reduces the overall expense of security operations.
During the forecast period, Asia Pacific is expected to experience steep growth rates. As the use of
mobile devices growing, the introduction of cloud-based software and the Internet of Things are
driving the region's market. Cloud Wi-Fi adoption is driving growth in the industry. The migration
of most I.T. organizations from on-premise wireless LAN management to cloud wireless LAN
management is generating more growth opportunities for the global wireless WLAN security
industry.
Competitive Analysis
The major market players operating in the global market as identified by MRFR are A10 Networks
(U.S.), Blue Coat Systems Inc. (U.S.), Alcatel-Lucent S.A. (France), Brocade Communications Systems,
Inc. (U.S.), Cisco Systems, Inc.(U.S.), Dell Inc.(U.S.), Huawei Technologies Co. Ltd (China), Hewlett
Packard Enterprise (U.S.), Juniper Networks, Inc.(U.S.), Symantec Corporation (U.S.), ZTE
Corporation (China), Motorola Solutions, Inc.(U.S.) among others.
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