The development of infrared or radio frequency technology is a major factor adding to the growth of the wireless LAN security market. The ability of wireless LAN security to ensure that the data transmitted is secure along with the capability to reduce the incidence of a malware attack is driving the progress of the market. Furthermore, elevated development in mobile workforce solutions and an increasing number of internet-based devices are anticipated to bolster the wireless LAN security market in the approaching years.
The communication systems that can transmit data effortlessly without using cables are in high demand globally. Reports that review the information and communication technology industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is expected to create revenues worth USD 8.4 Billion at CAGR of 19.05 % in the course of the forecast period.
The regional study of the wireless WLAN security market share includes North America, Europe, Asia Pacific, and Rest of the World. The North American region controls the chief market portion of the wireless LAN security market. The incidence of chief market players, increasing mobile workforce, and a surge in demand for high-speed data services are motivating the market in this region. The APAC region is anticipated to exhibit a sharp growth rate throughout the forecast period. The boost in the use of mobile devices, implementation of cloud-based solutions in SME and large enterprises and progresses in the IT sector are majorly accountable for the development in this region. The important players in this market are frequently innovating in terms of research and development in order to expand the cost-effective secured WLAN group.
The segmentation of the wireless LAN security market is conducted on the basis of technology, deployment, security type, end-users, and region. Based on the security type, the wireless LAN security market is segmented into WEP (Wired Equivalent Privacy), WPA / WPA2 (Wi-Fi Protected Access), and no-encryption. Based on the technology, the wireless LAN security market is segmented into mobile VPNs, dedicated security appliances, performance monitoring, stand-alone WLAN security software, and intrusion detection systems. Based on the deployment, the wireless LAN security market is segmented into on-cloud and on-premise. The end-users basis of segmenting the wireless LAN security market comprises of individual consumer and enterprises. Based on the region, the wireless LAN security market comprises of North America, Europe, Asia Pacific and Rest of the World.
The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The influence of governmental policies is motivating further development in the market. The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.
The wireless WLAN market includes contenders like Alcatel-Lucent S.A. (France), Blue Coat Systems Inc. (U.S.), A10 Networks (U.S.), Symantec Corporation (U.S.), Brocade Communications Systems, Inc. (U.S.), ZTE Corporation (China), Cisco Systems, Inc.(U.S.), Dell Inc.(U.S.), Hewlett Packard Enterprise (U.S.), Huawei Technologies Co. Ltd (China), Juniper Networks, Inc.(U.S.), Motorola Solutions, Inc.(U.S.) to name a few.