Wireless LAN Security Market

Market CAGR for Wireless LAN Security is driven by the rising cases of cybercrime & security due to the exponential rise in internet usage and organizations' rapid uptake of digital platforms. The security breach exposed various private details regarding individual and organizational data, putting firms’ finances in danger. Ransomware assaults, identity fraud, copyright violations, data theft, and phishing tactics are all examples of cybercrime. According to Statista’s forecast for 2022, the cost of data breaches was close to USD 4.2 billion in 2020. However, the financial consequences varied depending on the organization's size, industry, and area.

The security breach compromised various sensitive personal and organizational data items, which resulted in financial losses.

Additionally, the market is primarily driven by the expanding use of the Internet of Things (IoT) as a significant communications network and the increased use of bringing your device (BYOD) among business organizations. Implementing advanced network technology across industries has greatly improved in recent years due to the growing development of corporate operations. The demand for wireless network security to encrypt sensitive data is expanding as network technology is used by end-user businesses more frequently.

The increasing use of wireless network security is also raising the demand for wireless LAN (WLAN) security architecture. Implementing network security improves WLAN network performance and provides high data transmission speeds and safety. Along with data transfer, the WLAN security framework provides a security standard that makes it simple for large networks to implement entity authentication and access control.

The increasing number of businesses choosing mobile devices and digital networks also influences the market. As per Wireless Broadband Alliance (WBA), more than a third (33%) of service providers, technology vendors, and businesses reportedly had plans to adopt Wi-FI 7 by the end of the previous year. The study also showed that WiFi 6e had become the de facto standard. 53% of respondents are already deploying the technology, and another 44% are preparing to do so in the following 12 to 18 months. These advancements are anticipated to encourage businesses to improve their security measures.

Thus, driving the Wireless LAN Security market revenue.

The shift towards remote work has significantly influenced the Global Wireless LAN Security Market Industry. As employees increasingly access corporate networks from various locations, the need for secure wireless connections has become paramount. Organizations are investing in secure wireless LAN solutions to ensure that remote access does not compromise data integrity. This trend is expected to continue, with the market projected to grow at a CAGR of 10.86% from 2025 to 2035, indicating a sustained focus on enhancing wireless security measures in response to evolving work environments.

The proliferation of Internet of Things (IoT) devices is a significant factor influencing the Global Wireless LAN Security Market Industry. As more devices connect to wireless networks, the potential attack surface expands, necessitating stronger security measures. Organizations are increasingly aware of the vulnerabilities associated with IoT devices and are investing in comprehensive wireless security solutions to protect their networks. This trend is expected to contribute to the market's growth, with projections indicating a rise to 80.6 USD Billion by 2035, as businesses prioritize securing their wireless infrastructures.

The Global Wireless LAN Security Market Industry is experiencing heightened demand due to the increasing frequency and sophistication of cyber threats. Organizations are compelled to enhance their wireless security measures to protect sensitive data from unauthorized access and breaches. For instance, the rise in ransomware attacks has prompted businesses to invest significantly in advanced security solutions. As a result, the market is projected to reach 25.9 USD Billion in 2024, reflecting a growing recognition of the need for robust wireless security frameworks.

Regulatory compliance is a critical driver for the Global Wireless LAN Security Market Industry. Governments worldwide are implementing stringent regulations to safeguard personal and organizational data. Compliance with standards such as GDPR and HIPAA necessitates the adoption of secure wireless networks. Organizations that fail to comply may face substantial fines and reputational damage. Consequently, this regulatory landscape is fostering investments in wireless security solutions, as companies seek to align their operations with legal requirements and protect their assets from potential liabilities.

Technological advancements in wireless communication are driving the Global Wireless LAN Security Market Industry. Innovations such as Wi-Fi 6 and beyond offer enhanced performance and capacity, but they also introduce new security challenges. As organizations adopt these advanced technologies, they must simultaneously implement robust security protocols to mitigate risks. The integration of artificial intelligence and machine learning in security solutions further enhances the ability to detect and respond to threats in real-time. This dual focus on innovation and security is likely to propel market growth in the coming years.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Wireless LAN Security market will dominate this market, owing to introducing of several trend-setting security solutions such as wireless LAN security. In addition, the rising adoption of advanced technology, and the rising frequency of cyber-attacks will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: WIRELESS LAN SECURITY MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe's Wireless LAN Security market accounts for the second-largest market share due to increasing cyber-attacks and the adoption of advanced technology. Further, the German Wireless LAN Security market held the largest market share, and the UK Wireless LAN Security market was the fastest growing market in the European region.

The Asia-Pacific Wireless LAN Security Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising adoption of enterprise IT infrastructure services. Moreover, China’s Wireless LAN Security market held the largest market share, and the Indian Wireless LAN Security market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Wireless LAN Security market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Wireless LAN Security industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s use in the Wireless LAN Security industry to benefit clients and increase the market sector. In recent years, the Wireless LAN Security industry has offered networks some of the most significant advantages.

Major players in the Wireless LAN Security market, including A10 Network (US), Motorola Solutions Inc. (US), Alcatel Lucent LA (France), Blue Coat Systems Inc. (US), Symantec Corporation (US), Brocade Communication System Inc. (US), ZTE Corporation (China), Cisco Corporation Inc. (US), Juniper Networks Inc. (US)., and others, are attempting to increase market demand by investing in research and development operations.

Cradlepoint is a Boise, Idaho, company to enable clients to connect beyond the constraints of wired networks; Cradlepoint is a Boise, Idaho-based business. The company unleashes the disruptive potential of today’s LTE and 5G cellular networks to offer a flexible, dependable, and pervasive Wireless WAN edge. It is known as Elastic Edge. The grit, modesty, hunger, and vision helped the company become the market leader in LTE wireless edge solutions for customers in the business and public sectors. Customers may link people, places, and things worldwide with the help of our NetCloud Service and wireless edge solutions.

For Instance: Cradlepoint introduced Zero-trust network access (ZTNA) as a NetCloud Exchange (NCX) platform component, including its Secure Connect and Advanced SD-WAN products. Software technology called NetCloud allows wireless WAN to be supplied over 4G LTE and 5G wireless edge routers.

BBroadcom Inc. is an American multinational developer, designer, manufacturer, and exports many semiconductor and infrastructure software products. The data center, networking, software, broadband, wireless, storage, and industrial markets are all served by Broadcom’s product line. About 78 percent of Broadcom’s income came from semiconductor-based products as of 2022, while 22 percent came from the company’s infrastructure software goods and services. The business’s main office is in San Jose, California. For Instance: In September 2022, Broadcom introduced the Trident chip, which leverages a fundamental security principle to target advanced enterprise network security.

With a switching capacity of 12.2 terabits per second, the new Trident chip offer businesses improved security designed exclusively for the core corporate network layer. The device provides fingerprinting capabilities and the probes needed by servers powered by artificial intelligence (AI) and machine learning to identify threats and take appropriate action.