Wireless LAN Security Market Segmentation by Security Type (No Encryption, WEP, and WPA2/WPA); by Technology (Mobile VPNs, and Dedicated Security Appliances); by Deployment (On-Cloud, and On-Premise); and by End-User (Enterprises, and Individual Customers)-Global Demand Analysis & Opportunity Outlook 2031
28 Oct 2022
ICT & Telecom
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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Global Wireless LAN Security Market Highlights Over 2022 – 2031
The global wireless LAN security market is estimated to garner a modest revenue of approximately USD 9 billion by the end of 2031, by growing at a CAGR of ~18% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the emerging BYOD (Bring Your Own Device) policies across various organizations, coupled with the strict regulations against the increase in the number of crimes and cyber-attacks. Wireless local area network security is designed to prevent unauthorized or malicious access to protect networks. Further, the rise in the usage of cloud-based services in enterprises across the world is estimated to offer lucrative growth opportunities in the global wireless LAN security market. For instance, cloud-based services are expected to grow by almost 30% in 2023 and it is estimated to grow further by 2030. Hence it is estimated to be a major factor to boost the market growth significantly over the forecast period.
Source Name: Kenneth Research
The global wireless LAN security market is segmented on the basis of deployment into on-cloud and on-premise. Out of these, the on-cloud segment is expected to grow significantly during the forecast period, on the back of increased usage of cloud-based services in enterprises across the world. Across the globe, approximately 65% of enterprise infrastructure is cloud-based and about 80% of all enterprises have a multi-cloud strategy already laid out or in the works.
Global Wireless LAN Security Market Regional Synopsis
Regionally, the global wireless LAN security market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is anticipated to hold the largest share by the end of 2031, owing to the increasing demand for a fast-paced WLAN services network throughout the region. Moreover, technical advancements in cloud-managed Wi-Fi, enterprise IoT applications, and increasing cases of cyber-crime are estimated to be the prime factors to fuel the growth of the wireless LAN security market in the North America region. According to the FBI's Internet Crime Report 2021, a record 847,376 complaints of cyber-crime were reported to the FBI by the public.
On the other hand, the wireless LAN security market in the Asia Pacific region is estimated to gain a significant market over the forecast period on the back of the rapidly growing population throughout the region, and increasing internet penetration among the individual population in the region. According to the World Bank, in 2020, 69% of the population in the Asia Pacific region used the internet.
Source Name: Kenneth Research
Our in-depth analysis of the global wireless LAN security market includes the following segments:
By Security Type
Dedicated Security Appliances
Growth Drivers and Challenges Impacting the Growth of the Global Wireless LAN Security Market
Emerging BYOD (Bring Your Own Device) Policies Across Various Organizations
Increase in the Number of Crimes and Cyber-Attacks
Rise in the Usage of Cloud-Based Services
Challenging Integration Process of Wireless LAN Security Technologies
Key Companies Dominating the Global Wireless LAN Security Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global wireless LAN security market that are included in our report are A10 Networks, Inc., ALE International SAS, Broadcom Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Fortinet, Inc., Sophos Ltd., Juniper Networks, Inc., and others.
Latest Developments in the Global Wireless LAN Security Market:
8 June 2022 - Huawei Technologies Co. announced a batch of new inventions which includes an added neural network that significantly reduces power consumption and circuit area, an optical iris that provides a unique identifier for optical fibres, and many more.
7 June 2022 - An online conference was co-hosted by the International Union for Conservation of Nature (IUCN) and Huawei Technologies Co. to show how technology can improve nature conservation outcomes, as well as to introduce emerging digital technologies that are poised to become critical enablers of environmental preservation.
Key Reasons to Buy Our Report
The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
The report includes detailed company profiles of the major players dominating the market.
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Emerging BYOD (bring your own device) policies across various organizations, and rise in the usage of cloud-based services are the key growth drivers to the wireless LAN security market.
The market is anticipated to attain a CAGR of ~18% over the forecast period, i.e., 2022-2031.
Complicated process to integrate wireless LAN security technologies is estimated to hamper the market growth.
Which region will provide more business opportunities for growth of wireless LAN security market in future?
North America region will provide more business opportunities for growth of wireless LAN security market in future owing to the increasing demand for a fast-paced WLAN services network over the region.
The major players in the market are A10 Networks, Inc., ALE International, Broadcom Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Fortinet, Inc., Sophos Ltd., Juniper Networks, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment, technology, end user, security type, and by region.
Which segment captures the largest market size in vehicle type segment in the wireless LAN security market?
The on-cloud segment under the deployment segment is anticipated to hold the largest market size over the forecast period and display significant growth opportunities.
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- A10 Networks Inc.
- ALE International SAS
- Broadcom Inc.
- Cisco Systems Inc.
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co.Ltd.
- Fortinet Inc.
- Sophos Ltd.
- Juniper Networks, Inc