Wireless Intrusion Prevention Systems Market: Global Industry Analysis and Forecast (2023-2029)

Wireless Intrusion Prevention Systems Market was valued at US$ 5.73 Bn. in 2022. 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.

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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.
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 2022 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 organizations 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 market is expected to grow for this segment.
Regional Insights:
The North America region held the largest market share accounted for 38.7% in 2022. 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 market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Wireless Intrusion Prevention Systems Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.73 Bn.


Forecast Period 2023 to 2029 CAGR:
8.43%
Market Size in 2029:
US $ 10.11 Bn.


 Segments Covered:
by Technology
Hardware
Software
Services
 Professional Services
 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 (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Wireless Intrusion Prevention Systems Market Key Players
1. Fluke Corporation
2. WatchGuard Technologies
3. Vanderbilt Industries
4. Cisco Systems Inc.
5. Mojo Network, Inc.
6. McAfee
7. Check Point
8. Corero
9. Dell Corporation
10.IBM Corporation
11.Extreme Networks
12.Symantec
13.Metaflows, Inc.
14.AT&T Incorporation
15.Hewlett-Packard
16.Aruba
17.NetScout
18.Fortinet
19.ForeScout
20.Topsec
21.Venustech
Frequently Asked Questions:
1] What segments are covered in the Wireless Intrusion Prevention Systems Market report?
Ans. The segments covered in the 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 market.

3] What is the market size volume of the Wireless Intrusion Prevention Systems Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 10.11 Bn.

4] What is the forecast period for the Wireless Intrusion Prevention Systems Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size volume of the Wireless Intrusion Prevention Systems Market in 2022?
Ans. The market size of the Wireless Intrusion Prevention Systems Market in 2022 was valued at US$ 5.73 Bn.