Wireless Network Security Market Report: Trends, Forecast and Competitive Analysis to 2030

Wireless Network Security Trends and Forecast

The future of the global wireless network security market looks promising with opportunities in the banking financial services and insurance (BFSI), government & utilities, telecommunication and IT, healthcare, aerospace & defense, retail, and manufacturing sectors. The global wireless network security market is expected to reach an estimated $45.0 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are increasing demand for cybersecurity solutions, rapid digitization among industries ,and growing popularity for remote work culture in offices.

A more than 150-page report is developed to help in your business decisions.

Wireless Network Security by Segment

The study includes a forecast for the global wireless network security by component, deployment, organisation size, end use industry, and region.

Wireless Network Security Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solution
• Service

Wireless Network Security Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• On-Premise

Wireless Network Security Market by Organisation Size [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprises
• SMEs (Small and Medium-Sized Enterprises)

Wireless Network Security Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI (Banking Financial Services and Insurance)
• Government & Utilities
• Telecommunication and IT
• Healthcare
• Aerospace & Defense
• Retail
• Manufacturing
• Others

Wireless Network Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wireless Network Security Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless network security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless network security companies profiled in this report include-

• ADT
• Amazon Web Services
• Broadcom
• Check Point Software Technologies
• Cisco Systems
• Dell Technologies
• Fortinet
• Hewlett Packard Enterprise Development
• Honeywell International
• Huawei Technologies

Wireless Network Security Market Insights

Lucintel forecast that solution is expected to witness highest growth over the forecast period due to the growing number of wireless network solutions, including unified threat solutions, IAM, IPS/IDS, encryption, firewalls, and authentication.

BFSI will remain the largest segment due to increasing demand for wireless network security in this sector to safeguard sensitive financial data and allow secure payment transactions.

North America is expected to witness highest growth over the forecast period due to rising numbers of cases related to security breaches, growing adoption of BYOD (bring your own device) concept, and presence of major service providers in the region.

Features of the Global Wireless Network Security Market

Market Size Estimates: Wireless network security market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wireless network security market size by various segments, such as by component, deployment, organisation size, end use industry, and region. in terms of value ($B).

Regional Analysis: Wireless network security market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, deployment, organisation size, end use industry, and region.s for the wireless network security market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless network security market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the wireless network security market size?

Answer: The global wireless network security market is expected to reach an estimated $45.0 billion by 2030.

Q.2. What is the growth forecast for wireless network security market?

Answer: The global wireless network security market is expected to grow with a CAGR of 10.6% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the wireless network security market?

Answer: The major drivers for this market are increasing demand for cybersecurity solutions, rapid digitization among industries, and growing popularity for remote work culture in offices.

Q.4. What are the major segments for wireless network security market?

Answer: The future of the wireless network security market looks promising with opportunities in the banking financial services and insurance (BFSI), government & utilities, telecommunication and IT, healthcare, aerospace & defense, retail, and manufacturing sectors.

Q.5. Who are the key wireless network security market companies?

Answer: Some of the key wireless network security companies are as follows:

• ADT
• Amazon Web Services
• Broadcom
• Check Point Software Technologies
• Cisco Systems
• Dell Technologies
• Fortinet
• Hewlett Packard Enterprise Development
• Honeywell International
• Huawei Technologies

Q.6. Which wireless network security market segment will be the largest in future?

Answer: Lucintel forecast that solution is expected to witness highest growth over the forecast period due to growing user demand for varous wireless network solutions, such as unified threat solutions, IAM, IPS/IDS, encryption, firewalls, and authentication.

Q.7. In wireless network security market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising numbers of cases related to security breaches, growing adoption of BYOD (bring your own device) concept, and presence of major service providers in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wireless network security market by component (solution and service), deployment (cloud and on-premise), organisation size (large enterprises and SMEs), end use industry (BFSI, government & utilities, telecommunication and information technology, healthcare, aerospace & defense, retail, manufacturing, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?