IMARC Group, a leading market research company, has recently releases report titled “Wireless LAN Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global wireless LAN security market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the wireless LAN security market?
The global wireless LAN security market size reached US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.4 Billion by 2032, exhibiting a growth rate (CAGR) of 15.92% during 2024-2032.
What is Wireless LAN Security?
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.
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What are the growth prospects and trends in the wireless LAN security industry?
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.
Who are the key players operating in the industry?
The report covers the major market players including:
- ALE International SAS
- Broadcom Inc.
- Cisco Systems Inc.
- Dell Inc.
- Fortinet
- Hewlett Packard Enterprise Company
- Huawei Technologies Co. Ltd.
- ZTE Corporation.
What is included in market segmentation?
The report has segmented the market into the following categories:
Security Type Insights:
- WPA2/WPA (Wi-Fi Protected Access)
- WEP (Wired Equivalent Privacy)
- No-Encryption
Technology Insights:
- Dedicated Security Appliances
- Mobile VPNs
- Stand-Alone WLAN Security Software
- Performance Monitoring and Intrusion Detection Systems
Deployment Type Insights:
- On-Premises
- On-Cloud
End User Insights:
- Enterprises
- Individual Consumers
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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