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The global wireless network security market was valued at USD 15,137.8 million in 2019 and is expected to be valued at USD 41,513.9 million by the end of 2027 registering a significant CAGR of 13.5% over the forecast period, 2019-2027.
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Wireless Network Security Market By Solution (Firewall, Intrusion Prevention System, Encryption, Identity and Access Management, Unified Threat Management, Others), By Service (Security Operations, Consulting Operations, Managed Security Services, Others), By End User (BFSI, Government and Utility, Telecom and ITES, Healthcare, Aerospace & Defense, Retail, Manufacturing, Others)
The global wireless network security market was valued at USD 15,137.8 million in 2019 and is expected to be valued at USD 41,513.9 million by the end of 2027 registering a significant CAGR of 13.5% over the forecast period, 2019-2027. Owing to the growing use of Internet of Things (IoT) in this ever-changing technological environment, most companies implement wireless network protection to protect their network from unwanted and malicious access attempts.
Global Wireless Network Security Market Value, By Firewall, 2015-2027 (USD million)
Many organizations prefer wireless communication, because it is easy to set up and minimizes some of the drawbacks of wired communication structure. Wireless network protection is cost-effective in contrast with wired framework, and is conveniently accessible. Wireless network security plays a critical role in wireless communication in order to prevent unwanted network risks. Wireless network protection is usually provided via wireless devices such as routers, or switches. Such tools encrypt and protect all data relating to wireless communication by design. Even if the data protection is breached, unauthorized users are unable to access the transit data content. In addition, the wireless intrusion detection program aims to secure a wireless network by alerting service stations in the event of security breaches.
The key factors driving the wireless network security market are advanced telecommunications and strong Internet of Things adoption. The stronghold of various innovations, such as bringing your own device (BYOD) and the deployment of advanced network technology across multiple organizations, creates a great positive impact on the wireless security network industry. Wireless network protection also plays a key role in safeguarding sensitive data by data encryption process. Another significant driving force in the wireless network protection market is the implementation of intrusion detection system in multiple applications, such as sensitive infrastructure and high safety areas. • Wireless network security market is experiencing high growth due to growing demand for WLAN security framework. Wireless network protection systems are used to increase network performance and allow data transmission at high speed in a safe environment. The major constraints faced by the wireless security market are caused by the efficient convergence of wireless technologies across mobile devices that will hamper wireless network security market development.
North America region currently dominates the wireless network security market by introducing various trend-setting security solutions, such as wireless LAN security. Such methods are successfully applied in both business mode and in personal mode (home connections).The wireless network security market in the Asia Pacific region is expected to grow in a positive way due to the increasing adoption of enterprise IT infrastructure services.
