Global Wireless LAN Security Market to Reach US$ 27.7 Billion by 2028, Augmented by Increasing Use of IoT Devices

April 03, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "Wireless LAN Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global wireless LAN security market size reached US$ 9.5 Billion in 2022. Wireless local area network (WLAN) security is designed to protect the integrity, confidentiality, and availability of data transmitted over a wireless network. It relies on various measures, such as authentication, encryption, access control, network segmentation, and regular security audits, which ensures that only authorized users can access the network. It also helps in safeguarding sensitive data, protecting against hijacking or spoofing attacks, and preventing unauthorized access to the network. At present, rising sales of smartphones and the growing penetration of high-speed internet connectivity are catalyzing the demand for WLAN security across the globe.

Global Wireless LAN Security Market Trends:

There is an increase in the use of WLAN security for various internet of things (IoT) devices like smart home devices. This, coupled with the emerging trend of smart homes and rising concerns about the safety and security of homes on account of the expanding number of crime rates, represents one of the major factors augmenting the market growth around the world. Moreover, the growing number of cyber-attacks and anonymous security threats, such as hacking, phishing, and malware attacks, is influencing the market positively. In addition, the increasing use of WLAN security in small and medium-scale enterprises (SMEs) on account of rapid digitization, rising cloud-based solutions, and remote working models is bolstering the growth of the market. Furthermore, governing agencies of several countries are undertaking measures to promote the safety and privacy of user data. This, along with the growing awareness about the importance of network security, is creating a positive outlook for the market. Apart from this, the increasing use of video conferencing for various purposes like business meetings and online tutoring is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 27.7 Billion by 2028, exhibiting a CAGR of 19.3% during 2023-2028.

Market Summary:

  • On the basis of the security type, the market has been segmented into WPA2/WPA (Wi-Fi protected access), WEP (wired equivalent privacy), and no-encryption. Presently, WPA2/WPA (Wi-Fi protected access) holds the largest market share.
  • Based on the technology, the market has been segregated into dedicated security appliances, mobile VPNs, stand-alone WLAN security software, and performance monitoring and intrusion detection systems. Mobile VPNs currently exhibit a clear dominance in the market.
  • On the basis of the deployment type, the market has been categorized into on-premises and on-cloud.  At present, on-premises accounted for the biggest market share.
  • Based on the end user, the market has been classified into enterprises and individual consumers. Enterprises accounted for the total market share.
  • On the basis of the region, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include ALE International SAS, Broadcom Inc., Cisco Systems Inc., Dell Inc., Fortinet, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., and ZTE Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Security Type Covered WPA2/WPA (Wi-Fi Protected Access), WEP (Wired Equivalent Privacy), No-Encryption
Technology Covered Dedicated Security Appliances, Mobile VPNs, Stand-Alone WLAN Security Software, Performance Monitoring and Intrusion Detection Systems
Deployment Type Covered On-Premises, On-Cloud
End User Covered  Enterprises, Individual Consumers
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ALE International SAS, Broadcom Inc., Cisco Systems Inc., Dell Inc., Fortinet, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., ZTE Corporation., etc.
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Global Wireless LAN Security Market to Reach US$ 27.7 Billion by 2028, Augmented by Increasing Use of IoT Devices
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