Wireless Network Security Market: Global Industry Analysis and Forecast (2023-2029)

Wireless Network Security Market size was valued at US$ 22.73Bn. in 2022 and the total revenue is expected to grow at 13.5 % through 2023 to 2029, reaching nearly US$ 55.16 Bn.
Wireless Network Security Market Overview:
The application of normal network-layer security standards to wireless (or WiFi) networks is known as wireless network security. Wireless network security is a critical challenge as the use of mobile workplaces grows. Administrators are under increasing pressure to protect critical organisational assets from cyber-attacks. If employees use a wireless network to access sensitive corporate data without disguising the connection from others, the data may be compromised by unauthorised viewers (e.g., via password-protected access).

Administrators can eliminate the complexity of managing yet another security mechanism, such as WEP (Wired Equivalent Privacy), by encrypting all user traffic on both the wired and wireless networks by securing the access layer of a wireless network using an SSL VPN device.To know about the Research Methodology:- Request Free Sample Report
Wireless Network Security Market Dynamics:
The increased use of modern telecommunications and the Internet of Things is the key driver driving the wireless network security industry. Additionally, through data encryption technologies, wireless network security plays a critical role in securing confidential data. The use of intrusion detection systems in a variety of applications, such as critical infrastructure and high-security domains, is another important reason driving the wireless network security market.

Because of the ease with which Wi-Fi networks utilising these protocols may be decrypted, the WEP and TKIP protocols have been deemed insecure for many years, and many hardware manufacturers are progressively avoiding their use. When a user tries to join to a Wi-Fi network that uses these protocols after May 2022, Windows 10 shows a warning. WPA-enabled devices are also at risk of being hacked. For instance, a weakness in Broadcom and Cypress CPUs has exposed almost one billion devices to an attack that can decrypt data in transit, and the problem is known as 'Kr00k.' Attackers can exfiltrate information by intercepting and decrypting packets sent over the WPA2 network.

The Kr00k vulnerability was found in devices such as the Amazon Echo, Kindle, iPhone, iPad, MacBook, Google Nexus, Samsung Galaxy, Raspberry Pi 3, Xiaomi, and several Asus and Huawei products. As a result of these advancements, wireless security is likely to become increasingly important, particularly in networks that handle mission-critical workloads. With the advent of IoT and BYOD trends, wireless network security is estimated to become one of the top considerations for businesses. According to maximize research, 61% of security experts believe BYOD poses a serious threat to their firm, and 21% are concerned about attacks on office-based IoT devices like printers. Password theft was the most common wireless assault threat (62%), followed by Botnet/Malware threats (60%).

The wireless network security industry is quickly increasing due to a surge in demand for WLAN security systems. The wireless network security system is used to improve network performance and safeguard high-speed data transfer. The key barrier to the wireless security market's growth is the successful integration of wireless technology amongst mobile devices, which will limit the market's growth.
Wireless Network Security Market Segment Analysis:
Based on the Solutions, the Wireless Network Security market is sub-segmented into Firewall, Intrusion Prevention, Encryption, Identity and Access Management, Unified Threat Management and Others. The Firewall segment held the largest market share of xx% in 2022. Professional and managed services are two types of network security firewalls available. Professional services include network architecture, on-premises, and cloud migration solutions, all of which are designed to fulfil the networking demands of telecom operators. Deployment and integration services, as well as business consultancy, are among the services available. By securing their network from unwanted access to company resources, managed services help to increase network availability.

Based on the End-User, the global Wireless Network Security market is sub-segmented into BFSI, Government & Utilities, Telecommunication and Information Technology, Healthcare, Retail, Manufacturing and Others. The Retail segment held the largest market share of xx% in 2022. The retail industry is developing as a result of the massive increase of the global e-commerce industry. As a result, retailers leverage IoT solutions to achieve a competitive advantage by improving both operational efficiency and customer experience. During the forecast period, demand for wireless security is likely to rise as the adoption of the Internet of Things in the retail industry grows.

Data breaches are having a rising financial impact, and merchants are dealing with an ever-growing and increasingly complicated threat landscape. Additionally, the number of IoT-connected devices in the retail industry is rapidly growing. According to maximize, the number of connected devices utilised in the retail industry in the EU region alone was 2.28 million in 2022 and is estimated to grow to 3.09 million by 2025. The Internet of Things (IoT) is helping to automate processes and improve retail business efficiency.
Wireless Network Security Market Regional Insights:
North America held the largest market share of xx% in 2022. When compared to Canada, the United States plays a critical role in driving regional demand. The region is a basis in terms of modern technology adoption. Additionally, the market is being driven by the existence of large organisations, the increasing frequency of network attacks, and the rising number of hosted servers in the United States. In addition, cyberattacks in the North American region, particularly in the United States, are on the rise. They've hit an all-time high, thanks to the region's fast growing number of linked devices.

Consumers in the United States use public clouds, and many of their mobile applications are preloaded with personal information for banking, shopping, communication, and other purposes. Asia Pacific is expected to grow at a highest CAGR of xx% in the global Wireless Network Security market during the forecast period. Because of the growing use of enterprise IT infrastructure services.

The objective of the report is to present a comprehensive analysis of the global Wireless Network Security 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 has 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 helps in understanding the global Wireless Network Security Market dynamic, structure by analyzing the market segments and project the global Wireless Network Security Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Wireless Network Security Market make the report investor’s guide.
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Global Wireless Network Security Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 22.73 Bn.


Forecast Period 2023 to 2029 CAGR:
13.5 %
Market Size in 2029:
US $ 55.16 Bn.


 Segments Covered:
by Services
Security Operations Services
Consulting Services
Managed Security Services
Others


by Solutions
Firewall
Intrusion Prevention
Encryption
Identity and Access Management
Unified Threat Management
Others


by End-User
BFSI
Government & Utilities
Telecommunication and Information Technology
Healthcare
Retail
Manufacturing
Others



Wireless Network Security Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Wireless Network Security Market, Key Players are
1. Sophos Ltd.
2. Ruckus
3. Motorola Solutions
4. Juniper Networks
5. Fortinet
6. Cisco Systems Inc.
7. Brocade Communications Systems Inc.
8. Aruba Networks
9. Symantec Corporation
10. Honeywell and Robert Bosch
11. A10 Networks
12. Alcatel-Lucent S.A.
13. Blue Coat Systems Inc.
14. Brocade Communications Systems
15. Dell Inc.
16. Hewlett Packard Enterprise
17. Huawei Technologies Co. Ltd
18. Juniper Networks
19. ZTE Corporation
20. Motorola Solutions
Frequently Asked Questions:
1] What segments are covered in Wireless Network Security Market report?
Ans. The segments covered in Wireless Network Security Market report are based on Services, Software, and End-User.

2] Which region is expected to hold the highest share in the Wireless Network Security Market?
Ans. North America is expected to hold the highest share in the Wireless Network Security Market.

3] What is the market size of Wireless Network Security Market by 2029?
Ans. The market size of Wireless Network Security Market is expected to reach US $ 55.16 Bn. by 2029.

4] Who are the top key players in the Wireless Network Security Market?
Ans. Sophos Ltd., Ruckus, Motorola Solutions, Juniper Networks, Fortinet and Cisco Systems Inc. are the top key players in the Wireless Network Security Market.

5] What was the market size of Market in 2022?
Ans. The market size of Wireless Network Security Market in 2022 was US $ 22.73 Bn.