Wireless Network Security Market

Wireless network security solutions and services provide protection against such attacks and threats to the enterprises.

Attack on networks to get unauthorized access is not a new issue for enterprises. With the evolution of network technologies, the attackers also find new ways to breach into the networks. Newer tools and technology is used to create a protection mechanism by vendors, and attackers uses new tools to manipulate the current security systems. Since losing data can be catastrophic in nature for an organization, hence they cannot afford this risk. Today organizations/enterprises want solutions which can secure and protect their wireless networks and intranets.

In the recent few years, Internet and number of mobile devices at workplace have been increased significantly. Despite helping on costs aspect, it also has a high vulnerability quotient. As the vulnerability increases, the chances of losing control over the network increases and for attackers it becomes easy to infiltrate.

Wireless network security solutions and services provide protection against such attacks and threats to the enterprises. The vendors offer several solutions such as firewall, UTM, I&AM, IDS/IPS, among others. Solutions are widely acceptable but the real opportunities lie in services segment as it is expected to grow at a higher rate. Primary services in this market can be categorized as security operations, consulting, and managed security services.

The wireless network security solutions and services have shown great traction in BFSI and aerospace & defense verticals. Being early adopters, these verticals contribute a major proportion to the market revenue. Government & utilities is another major vertical in terms of revenue. Telecommunications, retail, and manufacturing sector have adopted these solutions quickly and the traction observed here would be high in future.

If we talk about regional markets, North America leads the chart followed by Europe. Being early adopters, revenue contribution is high from these two regions. In future Asia Pacific including Japan will also be a major contributor. Middle East and Africa, and Latin America have higher growth rates and would show great potential in future. The growth of regional market would be impacted by adoption of wireless networks and hence, on network infrastructure. MarketsandMarkets expects the wireless network security market to grow from $8.47 billion in 2014 to $15.55 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 12.94% during the forecast period.

Related Reports:

Wireless Network Security Market by Solutions (Firewall, IPS/IDS, Encryption, I&AM, UTM), Services (Security Operations, Consulting, Managed Security Services) - Worldwide Market Forecasts and Analysis (2014-2019)
https://www.marketsandmarkets.com/Market-Reports/wireless-network-security-market-118272079.html

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Report Code
TC 2418
Published ON
Apr, 2014
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