Wireless LAN Security Market

Market Overview:

The global wireless LAN security market size reached US$ 9.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.3% during 2023-2028. The increasing reliance on wireless networks, the rising awareness about the importance of network security, and the integration of advanced technologies represent some of the key factors driving the market.

Wireless local area network (WLAN) security is a system designed to protect networks from security breaches, including unauthorized access, denial of service attacks, IP and MAC spoofing, and session hijacking. It enables devices to connect to the network without the need for physical cables and helps move appliances within the network. It relies on various measures, such as encryption protocols and strong passwords, to protect personal information and devices. At present, the launch of fifth-generation (5G) technology and long-term evolution (LTE) connections is driving the demand for WLAN security. Moreover, the advent of Wi-Fi 6 technology to help improve performance and security features as compared to previous versions of Wi-Fi is catalyzing the demand for WLAN security across the globe. 

Wireless LAN Security Market Trends:

The increasing number of cyber-attacks and anonymous security threats on account of the rising reliance on wireless networks represents one of the major factors driving the demand for WLAN security around the world. Moreover, the growing penetration of high-speed internet connectivity and a considerable reliance on smartphones and other connected devices is influencing the market positively. In addition, the increasing awareness about the importance of network security is favoring the growth of the market. Apart from this, the rising usage of WLAN security in small and medium-scale enterprises (SMEs) to protect employee data is contributing to the market growth. Furthermore, there is an increase in the integration of artificial intelligence (AI), machine learning (ML), cloud-based security solutions, blockchain technology, and two-factor authentication in WLAN security to analyze network traffic and detect potential threats in real time. This, coupled with the incorporation of software defined networking (SDN) and virtual private networks (VPNs) to enable the centralization of network management and security and encrypt all data transmitted over the network, is strengthening the growth of the market. Besides this, the growing use of WLAN security for various internet of things (IoT) devices to secure communication is creating a positive outlook for the market. Additionally, governments of numerous countries are undertaking initiatives to promote the safety and privacy of user data, which is anticipated to provide a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global wireless LAN security market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on security type, technology, deployment type, and end user.

Security Type Insights:

• WPA2/WPA (Wi-Fi Protected Access)
• WEP (Wired Equivalent Privacy)
• No-Encryption
   

The report has provided a detailed breakup and analysis of the wireless LAN security market based on the security type. This includes WPA2/WPA (Wi-Fi protected access), WEP (wired equivalent privacy), and no-encryption. According to the report, WPA2/WPA (Wi-Fi protected access) represented the largest segment.

Technology Insights:

• Dedicated Security Appliances
• Mobile VPNs
• Stand-Alone WLAN Security Software
• Performance Monitoring and Intrusion Detection Systems
   

A detailed breakup and analysis of the wireless LAN security market based on the technology has also been provided in the report. This includes dedicated security appliances, mobile VPNs, stand-alone WLAN security software, and performance monitoring and intrusion detection systems. According to the report, mobile VPNs accounted for the largest market share.

Deployment Type Insights:

• On-Premises
• On-Cloud
   

The report has provided a detailed breakup and analysis of the wireless LAN security market based on the deployment type. This includes on-premises and on-cloud. According to the report, on-premises represented the largest segment.

End User Insights:

• Enterprises
• Individual Consumers
   

A detailed breakup and analysis of the wireless LAN security market based on the end user has also been provided in the report. This includes enterprises and individual consumers. According to the report, enterprises accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include 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. According to the report, North America was the largest market for wireless LAN security. Some of the factors driving the North America wireless LAN security market included the integration of advanced technologies, the growing penetration of high-speed internet connectivity, various government intiatives, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global wireless LAN security market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have also been provided. Some of the companies covered include ALE International SAS, Broadcom Inc., Cisco Systems Inc., Dell Inc., Fortinet, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., ZTE Corporation., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global wireless LAN security market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global wireless LAN security market?
• What is the impact of each driver, restraint, and opportunity on the global wireless LAN security market?
• What are the key regional markets?
• Which countries represent the most attractive wireless LAN security markets?
• What is the breakup of the market based on the security type?
• Which is the most attractive security type in the wireless LAN security market?
• What is the breakup of the market based on the technology?
• Which is the most attractive technology in the wireless LAN security market?
• What is the breakup of the market based on the deployment type?
• Which is the most attractive deployment type in the wireless LAN security market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the wireless LAN security market?
• What is the competitive structure of the global wireless LAN security market?
• Who are the key players/companies in the global wireless LAN security market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the wireless LAN security market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global wireless LAN security market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the wireless LAN security industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.