Wireless LAN Security Market Research Report- Forecast to 2023
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.
Top Drivers and Key Restraints
With the constant changes in the technological world, given the high usage of the internet of things (IoT), numerous organizations are now going for wireless network security. These wireless network security systems help guard their network from malicious access attempts. At present, wireless communication finds widespread use in organizations, since it is easy to set up and also helps bring down the limitations associated with the wired communication structure. Wireless network security is known for its low cost compared to the wired structure and is portable. It players a crucial role in wireless communication, getting rid of unnecessary threats that usually take place in a network.
The wireless network security market benefits from advanced telecommunication combined with the rising adoption of the internet of things. Various technologies like bring your own device (BYOD) are gaining a strong foothold in the market, in addition to the increasing implementation of advanced network technologies in organizations. This gives way to a number of growth opportunities to the worldwide wireless security network market. Another factor that induces market growth include the rising adoption of intrusion detection system in a host of applications, including high-security areas and critical infrastructure.
The market also gains from the mounting demand for WLAN security system. However, the complicated process of integrating wireless technologies across mobile devices can hinder the growth of the wireless network security market in the near future. Having said that, the surge in the use of cloud-based services in enterprises, as well as the strong growth in mobile workforce solutions, can lead the market to greater heights in the following years.
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Segmentation:
The global market for wireless LAN security 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 Outlook
The main regions with high concentration of the wireless LAN security market are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
North America accounts of the largest share in the global wireless LAN security market. Technological advancements, cloud managed Wi-Fi as well as enterprise IoT applications have led to vigorous market growth in the region. Also, renowned vendors in the region are indulging in mergers and acquisition activities to expand their customer base and elevate their position in the market.
APAC can exhibit strong growth in the near future, thanks to the rising use of mobile devices, rising adoption of cloud based solutions among large enterprises along with advancements in IT sector. Renowned vendors in the market are continuously working on product innovations as well as research and development, which favors the market.
The Europe market is set to grow in the coming years, owing to the surging use of mobile devices, deployment of Internet of Things and cloud-based applications. Surging use of cloud Wi-Fi also inspires the market growth in the region.
Top Players
Top players competing in the worldwide market for wireless LAN market include Symantec Corporation (U.S.), Blue Coat Systems Inc. (U.S.), A10 Networks (U.S.), Dell Inc.(U.S.), Alcatel-Lucent S.A. (France), Motorola Solutions, Inc.(U.S.), Huawei Technologies Co. Ltd (China), Juniper Networks, Inc.(U.S.), Cisco Systems, Inc.(U.S.), Hewlett Packard Enterprise (U.S.), Brocade Communications Systems, Inc. (U.S.), ZTE Corporation (China), to name a few.
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Global Wireless Lan Security Market Research Report By Security Type (Wpa2/Wpa, Wep, No-Encryption), Technology (Dedicated Security Appliances, Mobile Vpns), Deployment (On-Premise, On-Cloud), End-User (Individual Consumer, Enterprises) – Forecast Till 2023
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