Wireless Intrusion Prevention Systems Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Technology, Implementation, Application, and Region

Wireless Intrusion Prevention Systems Market was valued at US$ 4.88 Bn. in 2020. Global Wireless Intrusion Prevention Systems Market size is estimated to grow at a CAGR of 8.43% over the forecast period.

Wireless Intrusion Prevention Systems Market Overview:

A wireless intrusion prevention system (WIPS) is a security network system that supervises, monitors, and controls radio frequencies in order to detect the existence of unknown access points and prevent illegal intrusion. The goal of the wireless intrusion prevention system development and design is to prevent unwanted network access to LAN connections and wireless peripherals. Wireless Intrusion Prevention Systems Market To know about the Research Methodology:- Request Free Sample Report Wireless intrusion prevention system (WIPS) are applied in a commercial organization to protect the wireless network from unwanted cyber-attacks. Wireless intrusion prevention systems have traditionally been set up to identify just illegitimate access points. However, with advancements in wireless technology, these systems can protect wireless local area networks against a variety of cyber-attacks (WLAN).

Wireless Intrusion Prevention Systems Market Dynamics:

The market for Wireless intrusion prevention systems is being fueled by an increase in enterprise data breaches or data leaks. Massive cyber-attacks occur when hackers utilise the internet to launch planned and politically driven attacks against endpoints, networks, data, and other IT infrastructures, resulting in data loss for individuals, businesses, and governments around the world. The average cost of a malware assault in 2019 was US$2.81 million, according to Cyber Defense Magazine. This is a loss that no small or even medium-sized company could afford to incur. According to Cyber Defense Magazine, more than 40% of cyber-attacks are directed at small enterprises. In addition, the following cyber security statistics from Varonis, a data security and analytics firm, have us even more concerned about network security and integrity. There has been a rise in the frequency of cyber-crime as a result of the significant development in digital transactions globally across verticals. As a result wireless intrusion prevention systems market is expected to grow significantly throughout forecast period. Organizations are mobilising their workforce as technology related to BYOD improves. Organizations are subscribing to security services to protect devices such as smartphones, tablets, desktops, and laptops from cyber threats as a result of the BYOD model's adoption. With the advent of bring-your-own-device (BYOD), businesses must safeguard not only devices on the premises, but also those with remote access to the corporate network. This feature has resulted in a large increase in the usage of WIPS solutions, which is expected to propel the WIPS market growth during the forecast period. Several firms, particularly SMEs, are concerned about cyber security expenditure. Large corporations have the financial resources to establish an effective and efficient information security control environment. Small businesses face a difficult task in investing large sums in cyber security because they also invest heavily in other IT infrastructure. The costs of research and development (R&D) to build cutting-edge cyber security solutions are considerable, resulting in high security solution prices. In order to carry out their IT security activities efficiently, cyber security professionals continue to be concerned about a lack of necessary budget. Growing public awareness and government laws for secure wireless communication are gaining traction and are expected to have a brighter future over the forecast period. However, it is expected that a lack of awareness of WIPS and the inability of existing systems to interact with sophisticated WIPS systems will hamper WIPS market growth during the forecast period.

Wireless Intrusion Prevention Systems Market Segment Analysis:

Based on the Solution, the Wireless Intrusion Prevention Systems Market is segmented into BFSI, Healthcare, Retail & E-Commerce, IT & Telecommunication, and Aerospace & Defense. The IT & Telecommunication segment held the largest market share, accounting for 34% in 2020. WIPS systems are increasingly being used in IT and telecommunications applications. Due to the development of smart devices with access to business networks, wireless intrusions are becoming increasingly significant, resulting in data breaches or illegal access to critical information. Security concerns have grown significantly across organisations dealing with core business areas such as finance, healthcare, retail, and so on, particularly when it comes to protecting critical assets from internal and external security threats using a comprehensive approach spanning technology and policies. The Retail & E-Commerce segment is expected to witness a significant growth at a CAGR of 7.81% during the forecast period. The wireless intrusion prevention system (WIPS) is mainly used in retail and E-Commerce to protect the networks from innumerable hacking attempts. Wireless intrusion prevention systems (WIPSs) are used in manufacturing to protect network infrastructure and data. WIPS solutions provide real-time tracking of wireless threats such as rogue access points, advanced persistent threat attacks, and jamming devices at the edge of a secure enterprise zone. As a result, the wireless intrusion prevention systems market is expected to grow for this segment. Wireless Intrusion Prevention Systems Market 1

Wireless Intrusion Prevention Systems Market Regional Insights:

The North America region held the largest market share accounted for 38.7% in 2020. The presence of a major solution providers players such as IMB Corporation, CISCO system and others are primarily driving the wireless intrusion prevention systems market growth in the region. The growing mobile work force along with increase in demand for high speed data services are also driving the growth of the regional market growth. In addition, the growing adoption of cloud based solutions among SME and large enterprises and developments in IT sector are boosting the regional market growth. Asia Pacific region is expected to witness rapid growth at a CAGR of 8.31% during the forecast period. An increase in the number of cyber-attacks and the rapid transformation of infrastructure with smart solutions in countries like India, Japan, and China are driving the wireless intrusion prevention systems market growth in Asia Pacific region. The objective of the report is to present a comprehensive analysis of the global Wireless Intrusion Prevention Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Wireless Intrusion Prevention Systems Market dynamic, structure by analyzing the market segments and projecting the Wireless Intrusion Prevention Systems Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Wireless Intrusion Prevention Systems Market make the report investor’s guide.

Wireless Intrusion Prevention Systems Market Scope: Inquire before buying

Wireless Intrusion Prevention Systems Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 4.88 Bn.
Forecast Period 2021 to 2027 CAGR: 8.43% Market Size in 2027: US $ 8.60 Bn.
Segments Covered: by Technology • Hardware • Software • Services o Professional Services o Managed Services
by Implementation • Network • Hosted
by Application • BFSI • Healthcare • Retail & E-Commerce • IT & Telecommunication • Aerospace & Defense • Manufacturing • Government • Others

Wireless Intrusion Prevention Systems Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Wireless Intrusion Prevention Systems Market Key Players

Fluke Corporation • WatchGuard Technologies • Vanderbilt Industries • Cisco Systems Inc. • Mojo Network, Inc. • McAfee • Check Point • Corero • Dell Corporation • IBM Corporation • Extreme Networks • Symantec • Metaflows, Inc. • AT&T Incorporation • Hewlett-Packard • Aruba • NetScout • Fortinet • ForeScout • Topsec • Venustech

Frequently Asked Questions:

1] What segments are covered in the Wireless Intrusion Prevention Systems Market report? Ans. The segments covered in the Wireless Intrusion Prevention Systems Market report are based on Technology, Implementation, and Application. 2] Which region is expected to hold the highest share in the Wireless Intrusion Prevention Systems Market? Ans. The North America region is expected to hold the highest share in the Wireless Intrusion Prevention Systems Market. 3] What is the market size volume of the Wireless Intrusion Prevention Systems Market by 2027? Ans. The market size of the Wireless Intrusion Prevention Systems Market by 2027 is expected to reach US$ 8.60 Bn. 4] What is the forecast period for the Wireless Intrusion Prevention Systems Market? Ans. The forecast period for the Wireless Intrusion Prevention Systems Market is 2020-2027. 5] What was the market size volume of the Wireless Intrusion Prevention Systems Market in 2020? Ans. The market size of the Wireless Intrusion Prevention Systems Market in 2020 was valued at US$ 4.88 Bn.
1. Global Wireless Intrusion Prevention Systems Market Size: Research Methodology 2. Global Wireless Intrusion Prevention Systems Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Wireless Intrusion Prevention Systems Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Wireless Intrusion Prevention Systems Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Wireless Intrusion Prevention Systems Market Size Segmentation 4.1. Global Wireless Intrusion Prevention Systems Market Size, by Technology (2020-2027) • Hardware • Software • Services o Professional Services o Managed Services 4.2. Global Wireless Intrusion Prevention Systems Market Size, by Implementation (2020-2027) • Network • Hosted 4.3. Global Wireless Intrusion Prevention Systems Market Size, by Application (2020-2027) • BFSI • Healthcare • Retail & E-Commerce • IT & Telecommunication • Aerospace & Defense • Manufacturing • Government • Others 5. North America Wireless Intrusion Prevention Systems Market (2020-2027) 5.1. North America Wireless Intrusion Prevention Systems Market Size, by Technology (2020-2027) • Hardware • Software • Services o Professional Services o Managed Services 5.2. North America Wireless Intrusion Prevention Systems Market Size, by Implementation (2020-2027) • Network • Hosted 5.3. North America Wireless Intrusion Prevention Systems Market Size, by Application (2020-2027) • BFSI • Healthcare • Retail & E-Commerce • IT & Telecommunication • Aerospace & Defense • Manufacturing • Government • Others 5.4. North America Wireless Intrusion Prevention Systems Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Wireless Intrusion Prevention Systems Market (2020-2027) 6.1. European Wireless Intrusion Prevention Systems Market, by Technology (2020-2027) 6.2. European Wireless Intrusion Prevention Systems Market, by Implementation (2020-2027) 6.3. European Wireless Intrusion Prevention Systems Market, by Application (2020-2027) 6.4. European Wireless Intrusion Prevention Systems Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Wireless Intrusion Prevention Systems Market (2020-2027) 7.1. Asia Pacific Wireless Intrusion Prevention Systems Market, by Technology (2020-2027) 7.2. Asia Pacific Wireless Intrusion Prevention Systems Market, by Implementation (2020-2027) 7.3. Asia Pacific Wireless Intrusion Prevention Systems Market, by Application (2020-2027) 7.4. Asia Pacific Wireless Intrusion Prevention Systems Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Wireless Intrusion Prevention Systems Market (2020-2027) 8.1. The Middle East and Africa Wireless Intrusion Prevention Systems Market, by Technology (2020-2027) 8.2. The Middle East and Africa Wireless Intrusion Prevention Systems Market, by Implementation (2020-2027) 8.3. The Middle East and Africa Wireless Intrusion Prevention Systems Market, by Application (2020-2027) 8.4. The Middle East and Africa Wireless Intrusion Prevention Systems Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Wireless Intrusion Prevention Systems Market (2020-2027) 9.1. Latin America Wireless Intrusion Prevention Systems Market, by Technology (2020-2027) 9.2. Latin America Wireless Intrusion Prevention Systems Market, by Implementation (2020-2027) 9.3. Latin America Wireless Intrusion Prevention Systems Market, by Application (2020-2027) 9.4. Latin America Wireless Intrusion Prevention Systems Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Fluke Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. WatchGuard Technologies 10.3. Vanderbilt Industries 10.4. Cisco Systems Inc. 10.5. Mojo Network, Inc. 10.6. McAfee 10.7. Check Point 10.8. Corero 10.9. Dell Corporation 10.10. IBM Corporation 10.11. Extreme Networks 10.12. Symantec 10.13. Metaflows, Inc. 10.14. AT&T Incorporation 10.15. Hewlett-Packard 10.16. Aruba 10.17. NetScout 10.18. Fortinet 10.19. ForeScout 10.20. Topsec 10.21. Venustech

About This Report

Report ID 64634
Category Information Technology & Telecommunication
Published Date June 2020
Updated Date Jan 2022
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