Owner security

Wireless LAN Security Market Expected to Revenue USD 8.4 Billion, at a CAGR of 19.05% by 2027

Future of Market Research

Increase in cloud-based services to drive the growth of wireless LAN security market

New York, U.S., May 03, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to comprehensive research report by Market Research Future (MRFR), “Wireless LAN Security Market” insights by Security Type, By Technology, By Deployment, By End-User and By Region – Forecast to 2027 » market size to reach USD 8.4 billion, growing at a compound annual growth rate of 19.05% by 2027.

Market scope:
Emerging BYOD policies coupled with stringent regulations for increasing number of crimes and cyberattacks will provide strong opportunities for the market over the forecast period.

Dominant Key Players in Wireless LAN Security Market Covered Are:

  • A10 Networks (USA)

  • Alcatel-Lucent SA (France)

  • Blue Coat Systems Inc. (USA)

  • Brocade Communications Systems Inc. (USA)

  • Cisco Systems Inc. (USA)

  • Dell Inc. (US)

  • Hewlett Packard Enterprise (US)

  • Huawei Technologies Co. Ltd (China)

  • Juniper Networks Inc. (USA)

  • ZTE Corporation (China)

  • Symantec Corporation (USA)

  • Motorola Solutions Inc. (USA)

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Exclusively encompassed USP market:
Market factors
Rising usage of cloud-based services in enterprises coupled with strong growth of mobile workforce solution will drive the growth of the market over the forecast period.

Complicated process of integrating wireless technologies on mobile devices to act as a market restraint
The complicated process of integrating wireless technologies on mobile devices may pose a challenge for the market during the forecast period.

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Market Segmentation Covered by Research:
The wireless LAN security market is divided based on deployment, technology, end user and security.

By security type, the wireless LAN security market is segmented into no encryption, wep, and Wpa2/Wpa.

By technology, the wireless LAN security market is segmented into mobile VPNs and dedicated security appliances.

By deployment, the wireless LAN security market is segmented into cloud and on-premises.

By end user, the wireless LAN security market is segmented into enterprise and individual consumer.

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Regional analysis
North America leads the wireless LAN security market
The wireless LAN security market is dominated by the North American region, where large enterprises employ different workforces and the demand for fast WLAN service network is increasing, increasing the size of the market. North America controls the global wireless LAN security industry to the max. The market in this area is driven by technical advances, cloud-managed Wi-Fi and enterprise IoT applications. To gain traction in the market, major competitors are engaging in merger and acquisition activities. A10 Networks, an American manufacturer of network components, has formed a partnership with Symantec Corporation, American Cyber ​​​​Security Company and Venafi, Inc. A10 Networks has developed specialized solutions for data centers to provide security modules that help identify and eliminate threats, minimizing security breaches, and lower the total cost of security operations by working with market heavyweights. North America controls the majority of the wireless LAN security industry. The market in this area is driven by technical advances, cloud-managed Wi-Fi and enterprise IoT applications. To gain traction in the market, major competitors are engaging in merger and acquisition activities. A10 Networks, an American network component manufacturer, has formed a partnership with Symantec Corporation, American Cyber ​​Security Company and Venafi, Inc. A10 Networks has developed specialized solutions for data centers by partnering with heavyweights from industry to provide security modules that help identify and eliminate threats, reduce security vulnerabilities, and lower the total cost of security operations.

APAC to See Favorable Growth in Wireless LAN Security Market
Over the projection period, Asia-Pacific is expected to grow at a rapid pace. The market in this APAC region is driven by increased usage of mobile devices, deployment of cloud-based applications and Internet of Things. The adoption of Cloud Wi-Fi is propelling the market forward. Most IT companies are migrating from on-premise WLAN management to cloud-based WLAN management, resulting in increased growth prospects for the global wireless network security market. thread. During the forecast period, the region will be among the fastest growing region in the wireless LAN security market, with a CAGR of over 24% by 2020. Much of the expansion of the region can be attributed to the increasing use of mobile devices and new technologies, which allow users to implement WLAN to improve network performance in terms of data transmission rate. As more and more small and medium enterprises (SMBs) are using cloud-based services, the demand for WLAN security solutions to protect the network and maintain the security of transmitted data is increasing, driving the overall market in the growth in the region in the years to come. Over the projection period, Asia-Pacific is expected to grow at a rapid pace. The market in this APAC region is driven by increased usage of mobile devices, deployment of cloud-based applications and Internet of Things. The adoption of Cloud Wi-Fi is propelling the market forward. Most IT companies are migrating from on-premise WLAN management to cloud-based WLAN management, resulting in increased growth prospects for the global wireless network security market. thread.

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Impact of COVID-19 on the Global Wireless LAN Security Market
Disruptions in the supply chain, fluctuations in demand share, economic situations, and the immediate and long-term effect of the novel coronavirus have negatively impacted the growth of the wireless LAN security market. This epidemic brought economic activity to a halt, thus plunging the economy of the whole world into a deep recession. Additionally, with the roots being in China, the worldwide supply chain is facing unprecedented shutdown and disruption. With the easing of lockdowns and restrictions around the world, the market is expected to return to normal in the coming days.

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