Wireless Network Security Market - Forecast(2024 - 2030)
Wireless Network Security Market Overview
The global Wireless Network Security Market size is forecasted to reach $20.2 billion
by 2026, growing at a CAGR of 10.9% from 2021-2026. The increasing adoption of wireless
network security among organizations is set to be the major driver for the growth
of the market over the forecast period. Additionally, the implementation
of Bring Your Own device policy will accelerate the market growth scope for wireless
network security provider companies during the forecast period 2021-2026 to improve cyber security using unified threat management, intrusion prevention system and encryption. Moreover, the rise in number of cyber attacks, which in turn has led to huge losses in terms
of monetary losses as well as identity thefts is the other factor that assist
the growth of the market. Furthermore, Covid19 pandemic has forced us to work from our homes, which
increases the growth opportunities for the Wireless Network Security market. Such factors are analyzed to drive the
market during the
forecast period 2021-2026.
Report Coverage
The report based on: “Wireless Network Security Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following
segments of the Wireless Network Security Market industry outlook.
Key Takeaways
- Small & Medium Enterprises segment is analyzed to witness the
highest growth rate in the Wireless Network Security market during the forecast period 2021-2026, owing to adoption of modern technology to
smooth business operations.
- Retail & e-commerce are anticipated to grow with the highest CAGR of around 13.3% in the global Wireless Network Security Market during the forecast period 2021-2026, owing to the popularity of online shopping.
- North America region is analyzed to witness the largest market in the global Wireless Network Security market during 2021-2026, owing to rising internet penetration.
Global Wireless Network Security Market Value Share, By Geography, 2020 (%)
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Wireless Network Security Market Segment Analysis - By End-User
Small & Medium Enterprises segment is analyzed to account for the highest CAGR of 12.5% in the global Wireless Network Security Market during the forecast period 2021-2026. The factors such as increasing advancements in wireless communication technology and growing faster internet penetration within smaller organizations vitals have been contributing to the market growth of Wireless Network Security. Small & medium sized enterprises have started to digitize their business operations as well as utilize modern technologies. Moreover, government initiatives for making a country digitally self-reliant will also accelerate the growth of the market. For instance, with the launch of Digital India mission, it has become a necessity for SMEs to target
Wireless Network Security Market Segment Analysis - By Industry Vertical
Based on industry verticals segmentation, Retail & e-commerce held the highest Wireless Network Security Market share of around 13.3% in the global Wireless Network Security market in 2020. With the growing e-commerce platforms, companies are relying more on online platforms to attract customers which increases the chances of customer scams. An increasing number of phishing attacks and malware attacks leads to access on identity of customers and financial accounts thus increases the adoption rate for wireless network security solution. In October 2020, Bigbasket, an Indian based grocery e-commerce platform, suffered data breach incidents that have exposed personal details of over two core customers. Such growing threats push the e-commerce sector to invest in wireless security solution to ensure high quality data protection and improve business standard.
Wireless Network Security Market Segment Analysis - By Geography
North America held the highest Wireless Network Security Market share of around 34.8% in the global Wireless Network Security Market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026. The factors such as increasing penetration of digital platforms, usage of smart-phones, surge in malware campaigns and stringent government laws on corporate network security have contributed to the market growth across the region in long run. Moreover, increasing cyber attacks such as phishing, denial of service, SQL injections, password attacks and others, will fuel the demand towards wireless network security solutions in the long run. Furthermore, government investment towards cyber security infrastructure will also accelerate the growth of the Wireless Network Security Market. In June 2020, U.S. government decided to allocate $18.78 billion budget for cyber security in 2021. Such investments can influence the market growth of Wireless Network Security in the long run.
Wireless Network Security Market Drivers
Increase in adoption of BYOD policy
Enterprises are implementing Bring Your Own Device (BYOD) policy to increase the productivity and efficiency of employees in the workplace. Due to this policy, employees can carry their own personal devices such as laptop and tablets and can use them to get access corporate data. Moreover, rise in cloud based computing made BYOD adoption is easier as data on the cloud can be accessed from anywhere anytime. BYOD policy reduces expenditure and infrastructure cost. However with time BYOD policy became popular, so wireless network security has become a concern, which compel organizations to adopt Wireless Network Security solutions, thus influencing the growth of the market. In the current scenario, the Covid19 pandemic has forced to work from home, which increases the opportunities for the Wireless Network Security market. In November 2020, Walmart-owned Flipkart and Myntra announced that they are allowing their employee to work-from-home (WFH). As Systems are more vulnerable to attacks when working remotely thus wirelesses network security solution is mandatory to protect the data which in turn influence the growth of the market.
Rise in number of cyber attack incidents is set to be one of the factors that can drive the market forward
The increase in implementation of modern technologies has also brought along with itself the increased risk of cyber attacks, which in turn has led to huge losses in terms of monetary losses as well as identity thefts is set to be one of the factors that can drive the market forward during the forecast period 2021-2026. According to CERT-IN (Indian Computer Emergency Response Team) data, over 0.6 million cyber incidents cases reported till June 2021 in India, which creates opportunities for the adoption of wireless network security among organizations. Similarly, According to IdentityForce Inc, in 2019, 14.4 million consumers became victims of identity frauds incidents. This has led to governments taking strict actions backed by penalties up to 4% of global turnover in the EU after the implementation of GDPR law. This has compelled vendors to invest in better security solutions like that of IAM. Such incidents have influenced the growth of the market.
Wireless Network Security Market Challenges
Security Issues
Though
wireless networks have lot of advantages but create a lot of security issues
which acts as a major challenge restraining the growth
of the market. Incident
of data breaches, hacking accounts and other malware practices have increased
manifold thus forcing users to rethink about their security on private
information. Wireless Network serves as an attractive spot for cyber criminals
to steal sensitive information, personal data and gaining access to account.
Thus wireless network software needs to be updated from time to time which
impedes the market growth.
Wireless Network Security Market Landscape
Partnership, Acquisitions, Collaboration, technology launches
and R&D activities are key strategies adopted by players in the Wireless Network Security Market. The
Wireless Network Security Market top 10
companies include Aerohive, Aruba Networks, Cisco Systems Inc,
Jupiter Networks Inc, Broadcom Inc, Fortinet Inc, Sophos Ltd, Ruckus, Motorola
Solutions and Robert Bosh.
Acquisitions/Technology Launches
- In January 2021,
Juniper Network, a leader in secure, AI-driven networks, announced finalization
of acquisition of Apstra, a leader in intent-based networking and automated
closed-loop assurance to provide an unmatched, experience-led portfolio for the
data center across all customer segments – enterprise, service provider and
cloud provider.
- In April 2020, Cisco Systems Inc planned to acquire Fluidmesh Networks, LLC, a leader in wireless backhaul solution to provide reliable and resilient wireless solutions for mission critical assets and applications.
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LIST OF TABLES
1.Global Market Size And Forecast By Solution Market 2019-2024 ($M)1.1 Overview Market 2019-2024 ($M) - Global Industry Research
1.2 Firewall Market 2019-2024 ($M) - Global Industry Research
1.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Global Industry Research
1.4 Encryption Market 2019-2024 ($M) - Global Industry Research
1.5 Identity And Access Management Market 2019-2024 ($M) - Global Industry Research
1.6 Unified Threat Management Market 2019-2024 ($M) - Global Industry Research
2.Global Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
2.1 Overview Market 2019-2024 ($M) - Global Industry Research
2.2 Security Operations Market 2019-2024 ($M) - Global Industry Research
2.3 Consulting Services Market 2019-2024 ($M) - Global Industry Research
2.4 Managed Security Services Market 2019-2024 ($M) - Global Industry Research
3.Global Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
3.1 Overview Market 2019-2024 ($M) - Global Industry Research
3.2 Large Enterprises Market 2019-2024 ($M) - Global Industry Research
3.3 Small And Medium Enterprises Market 2019-2024 ($M) - Global Industry Research
4.Global Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
4.1 Overview Market 2019-2024 ($M) - Global Industry Research
4.2 Government And Utilities Market 2019-2024 ($M) - Global Industry Research
4.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Global Industry Research
4.4 Healthcare Market 2019-2024 ($M) - Global Industry Research
4.5 Aerospace And Defense Market 2019-2024 ($M) - Global Industry Research
4.6 Retail Market 2019-2024 ($M) - Global Industry Research
4.7 Manufacturing Market 2019-2024 ($M) - Global Industry Research
5.Global Market Size And Forecast By Solution Market 2019-2024 (Volume/Units)
5.1 Overview Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Firewall Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 Encryption Market 2019-2024 (Volume/Units) - Global Industry Research
5.5 Identity And Access Management Market 2019-2024 (Volume/Units) - Global Industry Research
5.6 Unified Threat Management Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 (Volume/Units)
6.1 Overview Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Security Operations Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Consulting Services Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Managed Security Services Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 (Volume/Units)
7.1 Overview Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Large Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
7.3 Small And Medium Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 (Volume/Units)
8.1 Overview Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Government And Utilities Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 (Volume/Units) - Global Industry Research
8.4 Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
8.5 Aerospace And Defense Market 2019-2024 (Volume/Units) - Global Industry Research
8.6 Retail Market 2019-2024 (Volume/Units) - Global Industry Research
8.7 Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Market Size And Forecast By Solution Market 2019-2024 ($M)
9.1 Overview Market 2019-2024 ($M) - Regional Industry Research
9.2 Firewall Market 2019-2024 ($M) - Regional Industry Research
9.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Regional Industry Research
9.4 Encryption Market 2019-2024 ($M) - Regional Industry Research
9.5 Identity And Access Management Market 2019-2024 ($M) - Regional Industry Research
9.6 Unified Threat Management Market 2019-2024 ($M) - Regional Industry Research
10.North America Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
10.1 Overview Market 2019-2024 ($M) - Regional Industry Research
10.2 Security Operations Market 2019-2024 ($M) - Regional Industry Research
10.3 Consulting Services Market 2019-2024 ($M) - Regional Industry Research
10.4 Managed Security Services Market 2019-2024 ($M) - Regional Industry Research
11.North America Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
11.1 Overview Market 2019-2024 ($M) - Regional Industry Research
11.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
11.3 Small And Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
12.North America Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
12.1 Overview Market 2019-2024 ($M) - Regional Industry Research
12.2 Government And Utilities Market 2019-2024 ($M) - Regional Industry Research
12.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Regional Industry Research
12.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
12.5 Aerospace And Defense Market 2019-2024 ($M) - Regional Industry Research
12.6 Retail Market 2019-2024 ($M) - Regional Industry Research
12.7 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
13.South America Market Size And Forecast By Solution Market 2019-2024 ($M)
13.1 Overview Market 2019-2024 ($M) - Regional Industry Research
13.2 Firewall Market 2019-2024 ($M) - Regional Industry Research
13.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Regional Industry Research
13.4 Encryption Market 2019-2024 ($M) - Regional Industry Research
13.5 Identity And Access Management Market 2019-2024 ($M) - Regional Industry Research
13.6 Unified Threat Management Market 2019-2024 ($M) - Regional Industry Research
14.South America Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
14.1 Overview Market 2019-2024 ($M) - Regional Industry Research
14.2 Security Operations Market 2019-2024 ($M) - Regional Industry Research
14.3 Consulting Services Market 2019-2024 ($M) - Regional Industry Research
14.4 Managed Security Services Market 2019-2024 ($M) - Regional Industry Research
15.South America Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
15.1 Overview Market 2019-2024 ($M) - Regional Industry Research
15.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
15.3 Small And Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
16.South America Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
16.1 Overview Market 2019-2024 ($M) - Regional Industry Research
16.2 Government And Utilities Market 2019-2024 ($M) - Regional Industry Research
16.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Regional Industry Research
16.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
16.5 Aerospace And Defense Market 2019-2024 ($M) - Regional Industry Research
16.6 Retail Market 2019-2024 ($M) - Regional Industry Research
16.7 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
17.Europe Market Size And Forecast By Solution Market 2019-2024 ($M)
17.1 Overview Market 2019-2024 ($M) - Regional Industry Research
17.2 Firewall Market 2019-2024 ($M) - Regional Industry Research
17.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Regional Industry Research
17.4 Encryption Market 2019-2024 ($M) - Regional Industry Research
17.5 Identity And Access Management Market 2019-2024 ($M) - Regional Industry Research
17.6 Unified Threat Management Market 2019-2024 ($M) - Regional Industry Research
18.Europe Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
18.1 Overview Market 2019-2024 ($M) - Regional Industry Research
18.2 Security Operations Market 2019-2024 ($M) - Regional Industry Research
18.3 Consulting Services Market 2019-2024 ($M) - Regional Industry Research
18.4 Managed Security Services Market 2019-2024 ($M) - Regional Industry Research
19.Europe Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
19.1 Overview Market 2019-2024 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
19.3 Small And Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
20.Europe Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
20.1 Overview Market 2019-2024 ($M) - Regional Industry Research
20.2 Government And Utilities Market 2019-2024 ($M) - Regional Industry Research
20.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Regional Industry Research
20.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
20.5 Aerospace And Defense Market 2019-2024 ($M) - Regional Industry Research
20.6 Retail Market 2019-2024 ($M) - Regional Industry Research
20.7 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
21.APAC Market Size And Forecast By Solution Market 2019-2024 ($M)
21.1 Overview Market 2019-2024 ($M) - Regional Industry Research
21.2 Firewall Market 2019-2024 ($M) - Regional Industry Research
21.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Regional Industry Research
21.4 Encryption Market 2019-2024 ($M) - Regional Industry Research
21.5 Identity And Access Management Market 2019-2024 ($M) - Regional Industry Research
21.6 Unified Threat Management Market 2019-2024 ($M) - Regional Industry Research
22.APAC Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
22.1 Overview Market 2019-2024 ($M) - Regional Industry Research
22.2 Security Operations Market 2019-2024 ($M) - Regional Industry Research
22.3 Consulting Services Market 2019-2024 ($M) - Regional Industry Research
22.4 Managed Security Services Market 2019-2024 ($M) - Regional Industry Research
23.APAC Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
23.1 Overview Market 2019-2024 ($M) - Regional Industry Research
23.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
23.3 Small And Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
24.APAC Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
24.1 Overview Market 2019-2024 ($M) - Regional Industry Research
24.2 Government And Utilities Market 2019-2024 ($M) - Regional Industry Research
24.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Regional Industry Research
24.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
24.5 Aerospace And Defense Market 2019-2024 ($M) - Regional Industry Research
24.6 Retail Market 2019-2024 ($M) - Regional Industry Research
24.7 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
25.MENA Market Size And Forecast By Solution Market 2019-2024 ($M)
25.1 Overview Market 2019-2024 ($M) - Regional Industry Research
25.2 Firewall Market 2019-2024 ($M) - Regional Industry Research
25.3 Intrusion Prevention System /Intrusion Detection System Market 2019-2024 ($M) - Regional Industry Research
25.4 Encryption Market 2019-2024 ($M) - Regional Industry Research
25.5 Identity And Access Management Market 2019-2024 ($M) - Regional Industry Research
25.6 Unified Threat Management Market 2019-2024 ($M) - Regional Industry Research
26.MENA Wireless Network SecurityMarket Size And Forecast By Services Market 2019-2024 ($M)
26.1 Overview Market 2019-2024 ($M) - Regional Industry Research
26.2 Security Operations Market 2019-2024 ($M) - Regional Industry Research
26.3 Consulting Services Market 2019-2024 ($M) - Regional Industry Research
26.4 Managed Security Services Market 2019-2024 ($M) - Regional Industry Research
27.MENA Wireless Network SecurityMarket Size And Forecast By End User Market 2019-2024 ($M)
27.1 Overview Market 2019-2024 ($M) - Regional Industry Research
27.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
27.3 Small And Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
28.MENA Wireless Network SecurityMarket Size And Forecast By Vertical Market 2019-2024 ($M)
28.1 Overview Market 2019-2024 ($M) - Regional Industry Research
28.2 Government And Utilities Market 2019-2024 ($M) - Regional Industry Research
28.3 Telecommunication And Information Technology Enabled Services Market 2019-2024 ($M) - Regional Industry Research
28.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
28.5 Aerospace And Defense Market 2019-2024 ($M) - Regional Industry Research
28.6 Retail Market 2019-2024 ($M) - Regional Industry Research
28.7 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Wireless Network Security Market Revenue, 2019-2024 ($M)2.Canada Wireless Network Security Market Revenue, 2019-2024 ($M)
3.Mexico Wireless Network Security Market Revenue, 2019-2024 ($M)
4.Brazil Wireless Network Security Market Revenue, 2019-2024 ($M)
5.Argentina Wireless Network Security Market Revenue, 2019-2024 ($M)
6.Peru Wireless Network Security Market Revenue, 2019-2024 ($M)
7.Colombia Wireless Network Security Market Revenue, 2019-2024 ($M)
8.Chile Wireless Network Security Market Revenue, 2019-2024 ($M)
9.Rest of South America Wireless Network Security Market Revenue, 2019-2024 ($M)
10.UK Wireless Network Security Market Revenue, 2019-2024 ($M)
11.Germany Wireless Network Security Market Revenue, 2019-2024 ($M)
12.France Wireless Network Security Market Revenue, 2019-2024 ($M)
13.Italy Wireless Network Security Market Revenue, 2019-2024 ($M)
14.Spain Wireless Network Security Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wireless Network Security Market Revenue, 2019-2024 ($M)
16.China Wireless Network Security Market Revenue, 2019-2024 ($M)
17.India Wireless Network Security Market Revenue, 2019-2024 ($M)
18.Japan Wireless Network Security Market Revenue, 2019-2024 ($M)
19.South Korea Wireless Network Security Market Revenue, 2019-2024 ($M)
20.South Africa Wireless Network Security Market Revenue, 2019-2024 ($M)
21.North America Wireless Network Security By Application
22.South America Wireless Network Security By Application
23.Europe Wireless Network Security By Application
24.APAC Wireless Network Security By Application
25.MENA Wireless Network Security By Application
26.Aerohive, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Aruba Networks, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Fortinet, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Juniper Networks, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Motorola Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ruckus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sophos Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Symantec Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)