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  • Wireless Network Security Market

Wireless Network Security Market By Deployment (On-Premises, Cloud and Others) By Type, By Organization Size, By End User Industry - Global Industry Outlook, Key Companies (Cisco System, IBM Corp, Dell Technologies and others), Trends and Forecast 2023-2032

Published on : September-2023  Report Code : RC-445  Pages Count : 266  Report Format : PDF
Overview Table of Content Download Report's Excerpt Request Free Sample

Market Overview

The Global Wireless Network Security Market is expected to reach a value of USD 28.0 billion in 2023, and it is further anticipated to reach a market value of USD 83.9 billion by 2032 at a CAGR of 13.0%. The market has seen significant growth over the past few years and is predicted to grow significantly during the forecasted period as well.

Wireless network security requires careful planning, setting up, and keeping watch over protection for wireless computer networks. It's a specific part of network security that looks at keeping data safe & private during wireless communication. By using encryption, access rules, & tools for spotting violators, it stops unauthorized access & data breaches, which guarantees safe wireless connections for both personal & business use in the connected world.

Wireless Network Security Market Growth Analysis

Wireless network security is a critical focus in 2024, driven by the rise of IoT, 5G, and remote work. Conferences like RSA and Black Hat spotlight trends such as AI-driven threat detection, Zero Trust architectures, and advanced encryption methods. 

Statistics show wireless attacks growing by 25% annually, emphasizing the need for robust solutions. Opportunities abound in sectors like healthcare and smart cities, where secure connectivity is vital. Emerging trends include quantum-resistant algorithms and decentralized security models. Businesses prioritizing wireless security can gain a competitive edge, safeguarding operations while capitalizing on innovations in a rapidly evolving digital landscape.

Market Dynamic

The wireless network security market is growing from the growth in mobile workforces & the large adoption of Bring Your Own Devices (BYOD) policies. These security solutions allow enterprises to protect sensitive data on mobile devices & promote secure wireless connection among employees. Moreover, organizations are constantly adopting various wireless network security measures like firewalls, identity and access management (IAM), intrusion prevention/detection systems (IPS/IDS), data loss prevention (DLP), encryption, and unified threat solutions (UTS). This combined effort to secure digital infrastructure is driving opportunities for the wireless network security market.

However, the adoption of wireless network security solutions might face challenges due to their higher initial costs, complex nature, and potential compatibility issues with many wireless networks. Implementing these solutions requires specialized expertise for diverse environments, potentially concerning small and medium-sized enterprises with additional resource demands. In response, industry players are looking to develop user-friendly, readily deployable, & easily manageable wireless network security solutions.

Research Scope and Analysis

By Deployment

On-premises deployment plays a major role in driving the global wireless security market. It contributed significantly towards the overall revenue of the global market in 2023, as wireless network security requires implementing security measures directly within an organization's physical premises. This approach provides precise control & customization but demands maintenance & infrastructure investment. It's ideal for strict security & compliance needs, allowing tailored safeguards for wireless networks. Further, these trends & factors are expected to drive the market over the forecasted period.

Wireless Network Security Market Deployment Share Analysis

By Type

In 2023, the firewall has a significant market share by contributing substantially to the overall revenue of the global network, as it serves as a crucial component of wireless network security. It acts as a barrier, inspecting & controlling incoming & outgoing network traffic. By analyzing data packets, a firewall applies security policies, preventing unauthorized access & potential threats from entering or exiting the wireless network. This safeguard helps protect sensitive data, devices, & systems, allowing a resilient & safe wireless network environment. As the world leads towards digitalization, the firewall is anticipated to drive the global network security market in the coming future as well.

By Organization Size

In 2023, large enterprises drive the global wireless network security market, as they implement wireless network security to improve their digital infrastructure. This involves strong authentication, encryption, & intrusion detection ensuring data safety, preventing unauthorized access, and countering cyber threats. This security measure is important for seamless operations, protecting critical data, & meeting industry regulations. It is anticipated that they will drive the market growth in the coming future as well.

By End User Industry

The government sector is one of the major sectors driving the global wireless network security market in 2023 and is anticipated to do so throughout the forecasted period, as wireless network security plays a major role in government operations, as it allows secure communication, data protection, & access control within government agencies. By installing encryption, authentication, & intrusion detection systems, governments safeguard sensitive information, critical infrastructure, & citizen data from cyber threats. This proactive approach strengthens national security, maintains public trust, & allows for efficient and secure digital governance.

The Global Wireless Network Security Market Report is segmented on the basis of the following

By Deployment

  • On-Premises
  • Cloud

By Type

  • Firewall
  • IPS/IDS
  • Encryption
  • Identify and Access Management
  • Unified Threat Management
  • Others

By Organization Size

  • SMEs
  • Large Enterprise

By End User Industry

  • BFSI
  • Government
  • Healthcare
  • Retail
  • Aerospace & Defense
  • IT & Telecom
  • Manufacturing
  • Others

Regional Analysis

In 2023, the North American region secures a significant market share, accounting for over 32.3% of the total revenue for the global wireless network security market. The wireless network security market in North America is being driven by factors like the expanding adoption of the BYOD concept, growing security breaches, and the strong presence of established market players such as Dell Technologies Inc., Cisco Systems, Inc., Fortinet, Inc., and IBM Corporation. Furthermore, numerous companies across sectors like BFSI, retail, & healthcare are making significant investments in cybersecurity to safeguard their enterprise data from advancing digital threats. These factors further create a favorable setting for the expansion of the wireless network security market during the forecasted period.

Wireless Network Security Market Regional Analysis

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The wireless network security market is quite fragmented, which makes the market players look for mergers & acquisitions for product portfolio enhancement. In addition, these market players constantly upgrade their product offerings with the latest technologies to remain competitive & relevant within the industry.

For instance, in December 2022, Cradlepoint introduced its zero-trust network access (ZTNA) service within the NetCloud Exchange (NCX) platform. This launch includes offerings like Secure Connect & Advanced SD-WAN products, all integrated into the NetCloud software platform. Mainly, the platform backs wireless WAN through 4G LTE and 5G wireless edge routers.

Some of the prominent players in the Global Wireless Network Security Market are

  • Cisco System
  • IBM Corp.
  • Dell Technologies
  • Juniper Network Inc
  • Fortinet Inc.
  • Broadcom Inc.
  • Aruba Networks (HPE)
  • Honeywell International Inc.
  • ADT Inc.
  • Trend Micro
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Wireless Network Security Market

The COVID-19 pandemic & recession had a dual impact on the Global Wireless Network Security Market. As growing remote work increased the need for strong security, driving the demand for wireless network protection. However, economic uncertainties restrained spending & affected the adoption rates. However, the players in the market responded with innovation, providing adaptable solutions to cater to the increasing threats while accommodating budget-conscious organizations. As recovery advances, wireless network security remains a major component in ensuring resilient digital operations.

Report Details

                              Report Characteristics
Market Size (2023) USD 28.0 Bn
Forecast Value (2032) USD 83.9 Bn
CAGR (2023-2032) 13.0%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Deployment (On-Premises and Cloud), By Type (Firewall, IPS/IDS, Encryption, Identify and Access Management, Unified Threat Management and Others), By Organization Size (SMEs and Large Enterprise), By End User Industry (BFSI, Government, Healthcare, Retail, Aerospace & Defense, IT & Telecom, Manufacturing and Others)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Cisco System, IBM Corp., Dell Technologies, Juniper Network Inc, Fortinet Inc., Broadcom Inc., Aruba Networks (HPE), Honeywell International Inc., ADT Inc., Trend Micro, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Wireless Network Security Market?

    The Global Wireless Network Security Market size is estimated to have a value of USD 28.0 billion in 2023 and is expected to reach USD 83.9 billion by the end of 2032.

  • Which region accounted for the largest Global Wireless Network Security Market?

    North America dominates the Global Wireless Network Security Market with a share of 32.3% in 2023.

  • Who are the key players in the Global Wireless Network Security Market?

    Some of the major key players in the Global Wireless Network Security Market are IBM Corp, Cisco System, ADT Inc., and many others.

  • What is the growth rate in the Global Wireless Network Security Market?

    The market is growing at a CAGR of 13.0% over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Wireless Network Security Market  Overview
        2.1.Global Wireless Network Security Market  Overview by Type
        2.2.Global Wireless Network Security Market  Overview by Application
      3.Wireless Network Security Market  Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Wireless Network Security Market  Drivers
          3.1.2.Wireless Network Security Market  Opportunities
          3.1.3.Wireless Network Security Market  Restraints
          3.1.4.Wireless Network Security Market  Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Wireless Network Security Market  Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Deployment, 2017-2032
        4.1.Global Wireless Network Security Market  Analysis by By Deployment: Introduction
        4.2.Market Size and Forecast by Region
        4.3.On-Premises
        4.4.Cloud
      5.Global Wireless Network Security Market  Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Type, 2017-2032
        5.1.Global Wireless Network Security Market  Analysis by By Type: Introduction
        5.2.Market Size and Forecast by Region
        5.3. Firewall
        5.4.IPS/IDS
        5.5. Encryption
        5.6.Identify and Access Management
        5.7.Unified Threat Management
        5.8.Others
      6.Global Wireless Network Security Market  Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Organization Size, 2017-2032
        6.1.Global Wireless Network Security Market  Analysis by By Organization Size: Introduction
        6.2.Market Size and Forecast by Region
        6.3.SMEs
        6.4.Large Enterprise
      7.Global Wireless Network Security Market  Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By End User Industry, 2017-2032
        7.1.Global Wireless Network Security Market  Analysis by By End User Industry: Introduction
        7.2.Market Size and Forecast by Region
        7.3.BFSI
        7.4.Government
        7.5. Healthcare
        7.6. Retail
        7.7.Aerospace & Defense
        7.8.IT & Telecom
        7.9.Manufacturing
        7.10.Others
      8.Global Wireless Network Security Market  Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        8.1.North America
          8.1.1.North America Wireless Network Security Market : Regional Trend Analysis
            8.1.1.1.The US
            8.1.1.2.Canada
        8.2.1.Europe
          8.2.1.Europe Wireless Network Security Market : Regional Trend Analysis
            8.2.1.1.Germany
            8.2.1.2.France
            8.2.1.3.UK
            8.2.1.4.Russia
            8.2.1.5.Italy
            8.2.1.6.Spain
            8.2.1.7.Nordic
            8.2.1.8.Benelux
            8.2.1.9.Rest of Europe
        8.3.Asia-Pacific
          8.3.1.Asia-Pacific Wireless Network Security Market : Regional Trend Analysis
            8.3.1.1.China
            8.3.1.2.Japan
            8.3.1.3.South Korea
            8.3.1.4.India
            8.3.1.5.ANZ
            8.3.1.6.ASEAN
            8.3.1.7.Rest of Asia-Pacifc
        8.4.Latin America
          8.4.1.Latin America Wireless Network Security Market : Regional Trend Analysis
            8.4.1.1.Brazil
            8.4.1.2.Mexico
            8.4.1.3.Argentina
            8.4.1.4.Colombia
            8.4.1.5.Rest of Latin America
        8.5.Middle East and Africa
          8.5.1.Middle East and Africa Wireless Network Security Market : Regional Trend Analysis
            8.5.1.1.Saudi Arabia
            8.5.1.2.UAE
            8.5.1.3.South Africa
            8.5.1.4.Israel
            8.5.1.5.Egypt
            8.5.1.6.Turkey
            8.5.1.7.Rest of MEA
      9.Global Wireless Network Security Market  Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        9.1.Market Share Analysis
        9.2.Company Profiles
        9.3.Cisco System
          9.3.1.Company Overview
          9.3.2.Financial Highlights
          9.3.3.Product Portfolio
          9.3.4.SWOT Analysis
          9.3.5.Key Strategies and Developments
        9.4.IBM Corp.
          9.4.1.Company Overview
          9.4.2.Financial Highlights
          9.4.3.Product Portfolio
          9.4.4.SWOT Analysis
          9.4.5.Key Strategies and Developments
        9.5.Dell Technologies
          9.5.1.Company Overview
          9.5.2.Financial Highlights
          9.5.3.Product Portfolio
          9.5.4.SWOT Analysis
          9.5.5.Key Strategies and Developments
        9.6.Juniper Network Inc
          9.6.1.Company Overview
          9.6.2.Financial Highlights
          9.6.3.Product Portfolio
          9.6.4.SWOT Analysis
          9.6.5.Key Strategies and Developments
        9.7.Fortinet Inc.
          9.7.1.Company Overview
          9.7.2.Financial Highlights
          9.7.3.Product Portfolio
          9.7.4.SWOT Analysis
          9.7.5.Key Strategies and Developments
        9.8.Broadcom Inc.
          9.8.1.Company Overview
          9.8.2.Financial Highlights
          9.8.3.Product Portfolio
          9.8.4.SWOT Analysis
          9.8.5.Key Strategies and Developments
        9.9.Aruba Networks (HPE)
          9.9.1.Company Overview
          9.9.2.Financial Highlights
          9.9.3.Product Portfolio
          9.9.4.SWOT Analysis
          9.9.5.Key Strategies and Developments
        9.10.Honeywell International Inc.
          9.10.1.Company Overview
          9.10.2.Financial Highlights
          9.10.3.Product Portfolio
          9.10.4.SWOT Analysis
          9.10.5.Key Strategies and Developments
        9.11.ADT Inc.
          9.11.1.Company Overview
          9.11.2.Financial Highlights
          9.11.3.Product Portfolio
          9.11.4.SWOT Analysis
          9.11.5.Key Strategies and Developments
        9.12.Trend Micro
          9.12.1.Company Overview
          9.12.2.Financial Highlights
          9.12.3.Product Portfolio
          9.12.4.SWOT Analysis
          9.12.5.Key Strategies and Developments
        9.13.Other Key Players
          9.13.1.Company Overview
          9.13.2.Financial Highlights
          9.13.3.Product Portfolio
          9.13.4.SWOT Analysis
          9.13.5.Key Strategies and Developments
      10.Assumptions and Acronyms
      11.Research Methodology
      12.Contact
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