Wireless network security refers to the prevention of illegal or unauthorized access to computers or connected devices. This is done via wireless networks. Commonly, WEP (wired equivalent privacy) and WPA (Wi-Fi protected access) are used to secure wireless networks. The wireless network security market is estimated to witness an increased revenue of about USD 15.6 billion by 2019.
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This is attributed to cyber security threats and data loss in the recent past. The key factors propelling the market are increasing adoption of wireless networks in enterprises and growing supportive regulatory frameworks. However, escalating competition from local vendors, free online solutions and duplicate or pirated solutions are likely to restrain the market over the coming five years.
The wireless network security market can be categorized into services, solutions, verticals, end-users and geographies. The services market consists of consulting services, managed security services and security operators.
The solutions market is divided into encryption, firewall, intrusion prevention systems, identity and access management intrusion detection systems and unified threat management. The verticals wireless network security market consists of retail, aerospace, manufacturing, government & utility, BFSI, Information Technology, telecommunication, aerospace, defense and healthcare.
The end users of the wireless network security market are small enterprises, medium enterprises and large enterprises. Enterprises are on the way to adopting wireless network security due to the latter’s low maintenance costs and ability to transfer data at higher speed.
Regionally, North America is the fastest growing region. It is followed by Europe, Asia Pacific and rest of the world. North America is projected to appear as a dominant region for the wireless network security market over the forecast period.
Information Source: Grand View Research