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.
The global wireless LAN security market size 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.
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.
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.