Estimated wireless LAN security market to fetch USD 8.4

Estimated wireless LAN security market to fetch USD 8.4

New York, USA, May 3, 2022 (GLOBE NEWSWIRE) — Market overview:
According to a comprehensive research report by Market Research Future (MRFR), “Wireless LAN Security Market” information by security type, by technology, by deployment, by end-user, and region – Forecast to 2027 “market size market to reach USD 8.4 billion, growing at a compound annual growth rate of 19.05% by 2027.

Market scope:
Emerging BYOD policies coupled with strict regulations for the increase in the number of cyber crimes and attacks will offer strong opportunities for the market during the forecast period.

The dominant key players in the wireless LAN security market covered are:

  • A10 Networks (US)
  • Alcatel-Lucent S.A. (France)
  • Blue Coat Systems Inc. (USA)
  • Brocade Communications Systems Inc. (USA)
  • Cisco Systems Inc. (USA)
  • Dell Inc. (USA)
  • Hewlett Packard Enterprise (United States)
  • Huawei Technologies Co. Ltd (China)
  • Juniper Networks Inc. (USA)
  • ZTE Corporation (China)
  • Symantec Corporation (USA)
  • Motorola Solutions Inc. (USA)

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Exclusively Covered USP Market:
market indicators
The increase in the use of cloud-based services in enterprises, coupled with the strong growth of mobile workforce solution, will drive the growth of the market during the forecast period.

Complicated process to integrate wireless technologies into mobile devices to act as a market restraint
The complicated process to integrate wireless technologies into mobile devices may become a challenge for the market during the forecast period.

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Segmentation of the market covered in the research:
The wireless LAN security market is divided on the basis of implementation, technology, end user, and security.

By security type, the wireless LAN security market is segmented into no encryption, wep, and Wpa2/Wpa.

By technology, the wireless LAN security market is segmented into mobile vpns and dedicated security appliances.

By implementation, the wireless LAN security market is segmented into cloud and on-premises.

By end user, the wireless LAN security market is segmented into businesses and individual consumers.

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Regional Analysis
North America will lead the wireless LAN security market
The wireless LAN security market is dominated by the North American region, where major companies are performing different workforces and there is an increase in demand for fast-paced WLAN services network, increasing the size of the market. . North America controls the top of the global wireless LAN security industry. The market in this area is being driven by technical advances, cloud-managed Wi-Fi, and enterprise IoT applications. To gain traction in the market, major competitors are engaging in merger and acquisition activities. A10 Networks, an American manufacturer of network components, has partnered with Symantec Corporation, American Cyber ​​​​Security Company and Venafi, Inc. A10 Networks has developed specialized solutions for data centers to provide security modules that help identify and eliminate threats, minimizing security. breaches and reduce the total price of security operations by working with the heavyweights of the market. North America controls most of the wireless LAN security industry. The market in this area is being driven by technical advances, cloud-managed Wi-Fi, and enterprise IoT applications. To gain traction in the market, major competitors are engaging in merger and acquisition activities. A10 Networks, an American manufacturer of networking components, partnered with Symantec Corporation, American Cyber ​​Security Company, and Venafi, Inc. A10 Networks developed specialized solutions for data centers by partnering with industry heavyweights to supply modules that help identify and eliminate threats, reduce security breaches and reduce the total cost of security operations.

APAC will see favorable growth in wireless LAN security market
During the projection period, Asia Pacific is expected to grow at a rapid rate. The market in this APAC region is being driven by the increased use of mobile devices, the deployment of cloud-based applications and the Internet of Things. Cloud Wi-Fi adoption is driving the market. Most of the IT companies are migrating from local wireless LAN management to cloud wireless LAN management, which translates into higher growth prospects for the global wireless WLAN security market. During the forecast period, the region will be in the midst of the fastest growing region in the wireless LAN security market, with a CAGR of over 24% by 2020. Much of the region’s expansion can be attributed to increasing use of mobile devices and emerging technologies, which allow users to implement WLANs to improve network performance in terms of data transmission speed. As more small and medium-sized businesses (SMBs) use cloud-based services, the demand for WLAN security solutions to safeguard the network and keep transmitted data safe is growing, driving the growth of the entire market in the region in the coming years. During the projection period, Asia Pacific is expected to grow at a rapid rate. The market in this APAC region is being driven by the increased use of mobile devices, the deployment of cloud-based applications and the Internet of Things. Cloud Wi-Fi adoption is driving the market. Most of the IT companies are migrating from local wireless LAN management to cloud wireless LAN management, which translates into higher growth prospects for the global wireless WLAN security market.

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Impact of COVID-19 on the global wireless LAN security market
Supply chain disruptions, demand share fluctuations, economic situations, and the immediate and long-term effect of the novel coronavirus had a negative impact on the growth of the wireless LAN security market. This outbreak has brought economic activity to a halt, leading the world’s economy into a deep recession. Furthermore, with roots in China, the supply chain around the world is facing unprecedented shutdown and disruption. With the relaxation of lockdowns and restrictions around the world, the market is likely to return to normal in the coming days.

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