Global Wireless Network Security Market Supply Demand Scenario And Demand Forecast 2027

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Global Wireless Network Security Market size was valued at US$ 17.65 Bn. in 2020 and the total revenue is expected to grow at 13.5 % through 2021 to 2027, reaching nearly US$ 42.83 Bn.

Wireless Network Security Market Overview:

The Global Wireless Network Security Market Wireless network security is the application of common network-layer security standards to wireless (or WiFi) networks. As the usage of mobile offices develops, wireless network security has become a major issue. Administrators are increasingly under pressure to protect important corporate assets from cyber-attacks. Unauthorized viewers may gain access to critical corporate data if employees utilise a wireless network to access it without concealing the connection (e.g., via password-protected access). By encrypting all user traffic on both wired and wireless networks and safeguarding the access layer of a wireless network using an SSL VPN device, administrators can avoid the burden of managing yet another security mechanism, such as WEP (Wired Equivalent Privacy).
Historical & Forecast Period:

Maximize Market Research report presents ...
... the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.

Wireless Network Security Market Overview and Dynamics:

The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Wireless Network Security Market segments which include products, applications, and competitor analysis.

The wireless network security sector is being driven by the rising use of contemporary telecommunications and the Internet of Things. Furthermore, wireless network security plays a key role in securing secret data using data encryption methods. Another major factor driving the wireless network security market is the adoption of intrusion detection systems in a number of applications, such as critical infrastructure and high-security domains.

The WEP and TKIP protocols have been deemed insecure for many years due to the simplicity with which Wi-Fi networks using these protocols may be decrypted, and many device makers are gradually avoiding their use. After May 2019, when a user tries to connect to a Wi-Fi network that utilises these protocols, Windows 10 displays a warning. WPA-enabled devices are also vulnerable to hacking. For example, a flaw in Broadcom and Cypress CPUs has exposed nearly one billion devices to an attack that can decrypt data in transit, dubbed "Kr00k." Intercepting and decrypting packets received over the WPA2 network allows attackers to steal data.

Because of the ease with which Wi-Fi networks utilising these protocols may be decrypted, the WEP and TKIP protocols have been deemed insecure for many years, and many device manufacturers are increasingly abandoning their use. When a user tries to join to a Wi-Fi network that uses these protocols after May 2019, Windows 10 will display a warning. WPA-enabled devices are also at risk of being hacked. A weakness in Broadcom and Cypress CPUs, for example, has exposed almost one billion devices to the "Kr00k" attack, which can decrypt data in transit. Attackers can steal data by intercepting and decrypting packets sent over the WPA2 network.

Due to a boom in demand for WLAN security systems, the wireless network security business is rapidly expanding. The wireless network security system is used to boost network performance and protect high-speed data transmission. The seamless integration of wireless technology among mobile devices is a critical hurdle to the wireless security market's expansion, which will limit the market's growth.

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Segmentation:

Firewall, Intrusion Prevention, Encryption, Identity and Access Management, Unified Threat Management, and Others are the sub-segments of the Wireless Network Security market. In 2020, the Firewall sector had the biggest market share of %. There are two types of network security firewalls available: professional and managed services. Network architecture, on-premises, and cloud migration solutions are among the professional services available to meet the networking needs of telecom operators. Among the services offered are deployment and integration services, as well as business consulting. Managed services help to boost network availability by securing their network against unauthorised access to company resources.

BFSI, Government & Utilities, Telecommunication and Information Technology, Healthcare, Retail, Manufacturing, and Others make up the worldwide Wireless Network Security market. In 2020, the retail segment had the highest market share of percent. As a result of the tremendous growth of the worldwide e-commerce business, the retail industry is evolving. As a result, retailers use IoT solutions to gain a competitive edge by increasing operational efficiency and improving consumer experience. As the deployment of the Internet of Things in the retail industry rises, demand for wireless security is expected to rise throughout the projected period. Data breaches are costing retailers more money, and they're dealing with an ever-changing and more intricate threat landscape. Furthermore, the number of IoT-connected devices in the retail sector is continuously increasing. According to maximise, the number of connected devices used in retail in the EU region was 2.28 million in 2019 and is expected to reach 3.09 million by 2025. The Internet of Things (IoT) is assisting in the automation of procedures and increasing the efficiency of retail businesses.

Key Players:

• Sophos Ltd.
• Ruckus
• Motorola Solutions
• Juniper Networks
• Fortinet
• Cisco Systems Inc.
• Brocade Communications Systems Inc.
• Aruba Networks
• Symantec Corporation
• Honeywell and Robert Bosch
• A10 Networks
• Alcatel-Lucent S.A.
• Blue Coat Systems Inc.
• Brocade Communications Systems
• Dell Inc.
• Hewlett Packard Enterprise
• Huawei Technologies Co. Ltd
• Juniper Networks
• ZTE Corporation
• Motorola Solutions

Regional Analysis:

Regional analysis is another highly comprehensive part of the research and analysis study of the Wireless Network Security Market presented in the MMR report. Local development plans are often affected by the performance of Wireless Network Security market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Wireless Network Security market and these findings have been strategically presented in the report.

Competition Landscape:

Most of the key players present in the Wireless Network Security Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.

Key questions answered in Wireless Network Security Market report

What was the market size of Wireless Network Security Market in 2020 and forecast up to 2027?
Which is the largest regional Wireless Network Security Market?
What are the major trends followed in Wireless Network Security Market across different regions?
Who is the key Wireless Network Security Market companies leading the market?
What are the key strategies adopted by the leading Wireless Network Security Market companies in market?
Unique data points of this report
Statistics on Wireless Network Security Market penetration and spending worldwide
Recent trends across different regions in terms of adoption of Wireless Network Security Market for various end-use.
Notable developments going on in Wireless Network Security Market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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