Wireless LAN Security Market Share

Wireless LAN Security Market Overview

The Wireless LAN Security Market is projected to grow from USD 25.94 billion in 2024 to USD 59.17 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.86% during the forecast period (2024 - 2032). Additionally, the market size for wireless LAN security was valued at USD 23.06 billion in 2023.

Increasing cases of cybercrime & security, rising use of IoT and innovations, and rising demand for WLAN security framework are the key market drivers enhancing the market growth.

Figure 1: Wireless LAN Security Market Size, 2023-2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless LAN Security Market Trends

Growing cases of cybercrime & security are driving the market growth

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.

Wireless LAN Security Market Segment Insights

Wireless LAN Security Type Insights

The Wireless LAN Security market segmentation, based on security type, includes Wpa2/Wpa, Wep, and no-encryption. The Wpa2/Wpa segment dominated the market, accounting for the maximum market revenue. Wpa2/Wpa is a worthy protection network that can access and manage along with generous good data protection. WLAN is made on IEEE 802. Extremely affirming with 11i, which accesses the LAN services. Wpa2/ Wpa is highly used for security capability management of keys, data privacy, authentication, and data integration.

Wireless LAN Security Technology Insights

The Wireless LAN Security market segmentation, based on technology, includes dedicated security appliances and mobile VPNs. The mobile VPNs is generated the maximum market revenue. A VPN that can change continuously over changes in physical connectivity, IP address, and point of network attachment is known as a mobile VPN. While using a VPN, it provides additional security to your mobile phones. When using a mobile VPN app, your connection is routed through a safe server in a separate location while encrypted as it travels over the internet.

Wireless LAN Security Deployment Insights

The Wireless LAN Security market segmentation, based on deployment, includes on-premise and on-cloud. The on-premise category generated the most income due to scalability, server storage, backup, and data security.

Figure 2:  Secondary Research, Primary Research, MRFR Database and Analyst Review

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless LAN Security Regional Insights

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, MRFR 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.

Wireless LAN Security Key Market Players & Competitive Insights

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.

Key Companies in the Wireless LAN Security market include

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  A10 Network (US)

  
  


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  Motorola Solutions Inc. (US)

  
  


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  Alcatel Lucent LA (France)

  
  


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  Blue Coat Systems Inc. (US)

  
  


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  Symantec Corporation (US)

  
  


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  Brocade Communications System Inc. (US)

  
  


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  ZTE Corporation (China)

  
  


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  Cisco Corporation Inc. (US)

  
  


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  Juniper Networks Inc. (US)

  
  

Wireless LAN Security Industry Developments

July 2022: Spectrum announced the rollout of Security Sheild, a cybersecurity solution powered by artificial intelligence (AI) for users of Advanced WiFi across its 41-state service territory. Its enabled security feature gives consumers improved network visibility while protecting them and their devices from online dangers.

November 2022: Fortinet released the launch of the FortiGate Cloud-Native Firewall on Amazon Web Services (AWS). The new cyber security solution, offered as a software as a service (SaaS), is intended for businesses utilizing AWS that require enterprise-grade next-generation firewall (NGFW) capabilities and support cloud-native architecture.

Wireless LAN Security Market Segmentation

Wireless LAN Security Security Type Outlook

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  Wpa2/Wpa

  
  


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  Wep

  
  


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  No-Encryption

  
  

Wireless LAN Security Technology Outlook

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  Dedicated Security Appliances

  
  


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  Mobile Vpns

  
  

Wireless LAN Security Deployment Outlook

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  On-Premise

  
  


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  On-Cloud

  
  

Wireless LAN Security Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America