Lucintel Forecasts Global Wireless LAN Security Market to Reach $24.5 billion by 2030.


Posted October 2, 2023 by Lucintel

According to a market report by Lucintel, the future of the global wireless LAN security market looks promising with opportunities in the enterprise and individual consumer markets

 
According to a market report by Lucintel, the future of the global wireless LAN security market looks promising with opportunities in the enterprise and individual consumer markets. The global wireless LAN security market is expected to reach an estimated $24.5 billion by 2030 with a CAGR of 15.2% from 2024 to 2030. The major drivers for this market are rising frequency of cyberattacks and threats to privacy, increasing use of high-speed internet connectivity, and growing demand for WLAN security in small and medium-sized businesses.

A more than 150 – page report is developed to understand trends, opportunity and forecast in wireless LAN security market to 2030 by security type (WPA2/WPA, WEP, and no-encryption), technology (dedicated security appliances, mobile VPNs, stand-alone WLAN security software, and performance monitoring and intrusion detection systems), deployment mode (on-premises and on-cloud), end use industry (enterprises and individual consumers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, WPA2/WPA (Wi-Fi protected access), WEP (wired equivalent privacy), and no-encryption are the major segments of wireless LAN security market by security type. Lucintel forecasts that WPA2/WPA is expected to witness highest growth over the forecast period.

Within this market, enterprise will remain the larger segment due to rising demand for network security in this setting to safeguard the wireless network from threats like lost or stolen devices and insider thefts.

North America is expected to witness highest growth over the forecast period due to growing number of cyber crimes, significant adoption of cloud based solutions among enterprises, and presence of key players in the region.

ALE International, Broadcom, Cisco Systems, Dell, Fortinet, Hewlett Packard Enterprise, Huawei Technologies, and ZTE are the major suppliers in the wireless LAN security market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags wireless lan security market
Last Updated October 2, 2023