Wireless Network Security Market (By Solutions: Firewall, Encryption, Intrusion Detection System, Identity & Access Management, Unified Threat Management; By Services: Consulting Services, Security Operations, Managed Security Services; By End User: Small & Medium Enterprises, Large Enterprises; By Industry Vertical: Government, IT & Telecommunications, Aerospace & Defense, Healthcare, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033


Wireless Network Security Market Size and Growth 2024 to 2033

The global wireless network security market size was valued at USD 26.30 billion in 2023 and is anticipated to reach around USD 85.71 billion by 2033, growing at a CAGR of 12.54% from 2024 to 2033. The rise in the number of diagnostic centres and hospitals is driving the growth of the ultrasound market. Protection against malicious and unauthorised access drives the market growth.

Wireless Network Security Market Size 2024 to 2033

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Wireless Network Security Key Takeaways

  • The North America wireless network security market size accounted for USD 8.68 billion in 2023 and is expected to attain around USD 28.71 billion by 2033.
  • North America dominated the market with the largest revenue share of 33% in 2023.
  • Asia Pacific is expected to grow at the fastest CAGR of 14.12% during the forecast period.
  • By solutions, the firewall segment dominated the market in 2023.
  • By solutions, the encryption segment is expected to grow at the fastest rate during the forecast period.
  • By services, the managed security segment dominated the market in 2023.
  • By end-user, the large enterprises segment has held the largest revenue share of 76% in 2023.
  • By end-user, the small & medium segment is expected to grow at the fastest rate during the forecast period.
  • By industry vertical, the BSFI segment dominated the market in 2023.
  • By industry vertical, the IT & telecommunications segment is expected to grow at the fastest rate during the forecast period.

Wireless Network Security Market Size in the U.S. 2024 to 2033

The U.S. wireless network security market size was estimated at USD 6.51 billion in 2023 and is predicted to be worth around USD 21.68 billion by 2033 at a CAGR of 12.78% from 2024 to 2033.

U. S Wireless Network Security Market Size 2024 to 2033

North America held a high share of the global wireless network security market in 2023. In 2023, the U.S. held the largest share, followed by Canada. Considering the presence of countries with well-developed IT infrastructure, lucrative economic policies, early adoption of the latest technologies, and high gross domestic product (GDP), the North American market is anticipated to grow promisingly. The North American automotive cybersecurity market accounted for around $0.92 billion in 2022 and is estimated to grow a decent CAGR during the study period. Wireless Fidelity (Wi-Fi) meets the security requirements of the Federal government and is approved by respective policies. As per the Cybersecurity and Infrastructure Security Agency (U.S. Department of Homeland Security), Wi-Fi Protected Access (WPA), WPA2, and WPA3 are among the prominent encryption protocols that provide enhanced protection. WPA3 is considered to be one of the strongest encryptions. All Wi-Fi routers permit users to safeguard their device’s Service Set Identifier (SSID).

Wireless Network Security Market Share, By Region, 2023 (%)

Asia Pacific is expected to grow at the fastest rate during the forecast period in the wireless network security market. The wireless network security market in the Asia Pacific region is segmented into India, Japan, South Korea, China, and the rest of the Asia Pacific region. In 2023, China dominated the Asia Pacific (APAC) market, followed by Japan and India. According to an expert, 99.8% of the 16,000 international standards in the world are created by foreign organizations. However, China has created 19,278 new standards. It is necessary to request that China follow its new standard as it pertains to the security of the nation's WLAN.

According to the expert, China has a sizable WLAN market, but the lack of national standards would make it difficult for the government to control the sector. If WLAN security is not adequately managed, it will put the security of e-government, company informationization, family networks, and even state information infrastructure at risk. In order to create a more organized WLAN environment, the national WLAN standard's prompt release will ensure the infrastructure building for information security and encourage WLAN application in several economic domains.

  • In April 2023, a leading Indian publication reported that the Indian Army has decided to create specialized units to strengthen its cybersecurity capabilities, counter threats in the crucial domain, and defend its various networks.

Wireless Network Security Market Size in Asia Pacific 2023 to 2033

The Asia Pacific wireless network security market size was calculated at USD 6.05 billion in 2023 and is projected to expand around USD 20.14 billion by 2033, poised to grow at a CAGR of 12.77% from 2024 to 2033.

Year Market Size (USD Billion)
2023 6.05
2024 6.81
2025 6.81
2026 8.62
2027 9.70
2028 10.92
2029 12.29
2030 13.83
2031 15.56
2032 17.52
2033 20.14

 

Wireless Network Security Market Overview

Wireless network security refers to the process of designing, implementing, and ensuring safety & security on a wireless computer network. With the evolving tech world and due to the increasing adoption of the Internet of Things (IoT), many organizations are using wireless network security to protect their networks from malicious and unauthorized access. In recent times, many companies have preferred wireless communication as it is easy to set up and reduces various limitations of wired communication structure. Wireless network security is not just easily movable but is also cost-effective as compared to wired network security structures. Wireless network security also plays a key role in eliminating all the unnecessary threats that occur in the network.

The wireless network security market is experiencing high growth due to the accelerating requirement for WLAN security systems. Wireless network security systems enable high-speed data transmission in a secure environment and enhance the overall network performance. When the Service Set Identifier (SSID) is protected, it becomes tougher for attackers to find a network. Network security is very crucial for an organization's ability to provide services and products to customers and employees. From enterprise applications to online stores, protecting data and apps on the network is highly essential to improving business activities. Wireless network security prevents access to sensitive information and valuable data. When hackers or cybercriminals get access to confidential data, they can cause various problems, including stealing assets and harming reputations.

Wireless Network Security Market Growth Factors

  • Network security is becoming much more important due to the development of Wi-Fi technology and the spread of wireless devices. Hackers may take advantage of holes in Wi-Fi networks to get private information, intellectual property, and sensitive financial and personal data.
  • A multifaceted security strategy. This includes enforcing security standards like WPA2 and AES encryption, creating secure passwords, and updating firmware on a regular basis.
  • It is crucial to safeguard the devices that connect to the network in addition to the network itself. Updating all software with the most recent security updates and installing anti-malware software are two ways to do this.

Wireless Network Security Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 12.54%
Wireless Network Security Market Size in 2023 USD 26.30 Billion
Wireless Network Security Market Size in 2024 USD 29.60 Billion
Wireless Network Security Market Size by 2033 USD 85.71 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Solutions, By Services, By End User, and By Industry Vertical
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Wireless Network Security Market Dynamics

Driver: Data security in different industries

In today’s tech-driven world, cybersecurity is critical for various industries. Financial services, IT, telecommunication, healthcare, retail and e-commerce, government agencies, and critical infrastructure providers are top targets for cyber threats due to the sensitive data they handle. These industries must implement robust security measures like encryption, multi-factor authentication, and intrusion detection systems to safeguard against cyber-attacks. Adherence to regulatory compliance, regular security protocol updates, and continuous staff training are also essential for maintaining a strong security posture. Financial institutions face high volumes of sensitive customer data and must also comply with regulatory requirements for security controls.

Healthcare companies store vast amounts of personal and medical data, making them prime targets for cybercriminals. Retail and e-commerce businesses hold valuable data for hackers to exploit. Government agencies and political organizations face threats to sensitive information and political processes, while critical infrastructure providers must protect against the catastrophic consequences of cyber-attacks.

Restraint: Poor strength and compatibility issues

Because they offer installation flexibility and are frequently less expensive than hardwired systems, wireless security systems may be an excellent investment for the home or place of business. But be careful while selecting them; not all of them will provide trustworthy protection. It is possible for crooks to get around the system without ever setting it off due to weak signal strength and compatibility problems. Price may be appealing, but there are frequently better solutions available in the same price range that offer reliable connectivity and 24/7 service.

Opportunity: Wi-Fi 6

The latest generation of wireless technology is called Wi-Fi 6, or 802.11ax. Not only does Wi-Fi 6 have amazing speed, but it also adds several security enhancements. Devices can plan their network activity with Target Wake Time (TWT), which lowers power usage. The vulnerability to such assaults is lowered as a result. A new security feature called OWE is also included in Wi-Fi 6. The first connection between a device and an access point is encrypted as a result. It enhances the protectiveness of open networks.

Solutions Insights

The firewall segment dominated the market in 2023. The number of hackers, or rogue users, will rise in tandem with the expansion of trustworthy users. Protecting hosts linked to wireless networks from rogue users will become more crucial for system administrators due to worries about finances, businesses, and privacy. Firewall technology is one technique that system administrators may utilize. System administrators can establish stringent access restrictions between the reliable internal network and the unreliable external environment by using a firewall.

The encryption segment is expected to grow at the fastest rate during the forecast period. Data encryption protects remote workforces, boosts consumer confidence, and preserves data privacy, integrity, and regulatory compliance, among many other advantages. Organizations may avoid data breaches, secure sensitive information, and adhere to data protection laws by putting strong encryption mechanisms in place. Encryption solutions are very useful for AI/ML models and important datasets since they guarantee the correctness and unaltered nature of data while simultaneously protecting it from illegal access.

Furthermore, encryption assists in reducing the security risks related to working remotely, including safeguarding personal devices and securing data while it's in transit. In the end, robust data encryption shows a dedication to data security, boosting client confidence and trust in the company's management of private data.

Services Insights

The managed security segment dominated the wireless network security market in 2023. Small and medium-sized businesses usually employ MSPs since their own IT resources are insufficient. You may obtain networking and IT expertise without expanding your staff by using managed network services. MSPs are in charge of integration, troubleshooting, providing technical support, and establishing policies. By using this service, you can reduce the risks when experimenting with new technologies. By putting IT specialists to other uses, businesses may make greater use of their resources. Preventing IT outages is made easier with proactive MSP management. Larger companies, organizations, and governmental entities also use MSPs to supplement their own IT personnel due to budgetary and recruitment constraints.

End-user Insights

The large enterprises segment dominated the wireless network security market in 2023. Large enterprises are prone to large data theft. Companies have a lot of data that is handled on a daily basis, which can be stolen and used for the wrong purposes. Such data is not only a threat to the main company but is also disadvantageous for companies to which they provide services. Government organizations also need high-end security for national security reasons. Therefore, wireless network security is largely used in large enterprises.

Wireless Network Security Market Share, By End User, 2023 (%)

The small & medium segment is expected to grow at the fastest rate during the forecast period. Small & medium enterprises do not have as large data as large enterprises, but their data is more prone to cyber-attacks due to weak security. The companies have realized the importance of better security, and hence, they have started using wireless network security. Recently, a rise has been seen in small and medium enterprises, which has also increased the use of network security.

Industry Vertical Insights

The BSFI segment dominated the wireless network security market in 2023. Hackers have made the BFSI industry their top target, using cunning methods to steal user credentials, tax returns, insurance information, and bank account and credit/debit details. Information obtained through cyberspace and staff computers can be used fraudulently to submit false tax returns, fund high-value transactions, commit insurance fraud, and make cryptocurrency investments. Hence very strong security of network is needed.

The IT & telecommunications segment is expected to grow at the fastest rate during the forecast period. Due to the susceptibility of wireless transmissions to unwanted access, wireless network security is crucial in IT and telecommunications. Secure wireless connections are essential for protecting against dangers like malware, illegal access, and data eavesdropping because of the increasing use of mobile devices and distant work. Strong authentication and encryption procedures must be put in place in order to guard against data breaches and guarantee adherence to industry rules. Strong wireless network security measures are also essential due to the necessity to safeguard secret data and preserve sensitive information.

Wireless Network Security Market Recent Developments

  • In May 2024, the first range of Wi-Fi 7-capable access points from HPE Aruba Networking is being unveiled. The seller claims that the new products stand apart in the wireless market for a number of reasons, none of which have to do with the Wi-Fi 7 standard. In addition to their competitive connection capabilities for business and large-venue use cases, the most recent HPE Aruba Networking 730 Series Campus access points (APs) also have integrated network security and location-based services to address the growing needs of AI and IoT applications.
  • In November 2022, Zyxel Networks, a key player in delivering secure and cloud-powered networking solutions, announced its ‘Connect and Protect’ solution for selecting WiFi Access Points. The Connect and Protect solution will be introduced to two of Zyxel’s best-selling WiFi APs, the NWA1123ACv3 and NWA110AX. This solution will provide greater protection and connectivity for small businesses and customers. The launch of smart security solutions for small enterprises is anticipated to help the wireless network security market growth in the near future.

Wireless Network Security Market Companies

  • Ruckus
  • Aerohive
  • Fortinet Inc
  • Aruba Networks
  • Jupiter Networks Inc
  • Broadcom Inc
  • Cisco Systems Inc
  • Dell Technologies
  • Sophos Ltd
  • Motorola Solutions

Segments Covered in the Report

By Solutions

  • Firewall
  • Encryption
  • Intrusion Detection System
  • Identity & Access Management
  • Unified Threat Management

By Services

  • Consulting Services
  • Security Operations
  • Managed Security Services

By End User

  • Small & Medium Enterprises
  • Large Enterprises

By Industry Vertical

  • Government
  • IT & Telecommunications
  • Aerospace & Defense
  • Healthcare
  • Retail & E-Commerce
  • Manufacturing
  • BFSI
  • Others

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

How big is the wireless network security industry?
The global wireless network security market size is expected to increase USD 85.71 billion by 2033 from USD 26.30 billion in 2023.
What is the growth rate of the wireless network security industry?
The global wireless network security market will register growth rate of 12.54% between 2024 and 2033.
Who are the prominent players operating in the wireless network security market?
The major players operating in the wireless network security market are Ruckus, Aerohive, Fortinet Inc Aruba Networks, Jupiter Networks Inc, Broadcom Inc, Cisco Systems Inc, Dell Technologies, Sophos Ltd, Motorola Solutions, and Others.
Which are the driving factors of the wireless network security market?
The driving factors of the wireless network security market are the growing data security in different industries and increasing adoption of the internet of things.
Which region will lead the global wireless network security market?
North America region will lead the global wireless network security market during the forecast period 2024 to 2033.

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