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Posted by Micheal Alexander on August 4, 2024 at 12:13am 0 Comments 0 Likes
The global Wireless Network Security Market size is estimated to reach USD 59.66 billion by 2030, expanding at a CAGR of 12.5% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The wireless network security market growth can be attributed to the growing number of cyberattacks, increasing adoption of Bring Your Own Devices (BYOD), and advancements in various wireless networking solutions such as unified threat solutions, Identity and Access Management (IAM), and Intrusion Prevention System (IPS)/Intrusion Detection System (IDS), among others. Further, the Covid-19 pandemic led work from home concept accelerated the adoption of wireless devices, which forced companies to implement wireless network security solutions to strengthen the security of wireless devices and keep the enterprise data.
With the advent of new technologies, and the internet, organizational networks are becoming more prone to cyber-attacks for data theft. These organizations are integrating wireless network security solutions in their businesses to guard themselves from unauthorized access, and malicious activities. The advancements in emerging technologies such as Machine Learning, big data analytics, Artificial Intelligence, Blockchain, and cloud computing, are creating positive outlook for the wireless network security market. The companies operating in the wireless network security market are investing in their R&Ds to develop advanced wireless network security solutions to attract potential audience and increase their revenue stream. For instance, in September 2022, Nokia Corporation, a telecommunication company, launched its new brand AVA (Automation, Visualization, Analytics) and will develop its Operation Support System (OSS), Business Support System (BSS), and security software applications under this brand. The AVA provides advanced security solutions with various features such as no code configuration, AI & ML integration, multi-cloud orchestration, and open Application Programming Interfaces (APIs), creating a favorable environment for the wireless network security market.
The rising awareness of wireless network security importance is propelling their adoption in various end-use sectors such as retail, BFSI, healthcare, government & defense, transportation & logistics, energy & utilities, and education, among others. The industry players emphasize developing end-user specific wireless network security solutions to improve their customer base and brand positioning. For instance, in July 2022, a provider of IT systems and data solutions for clinicians and analysts, NHS Digital, opened the Wireless Centre of Excellence to develop cutting-edge wireless network security technologies for 5G-connected hospitals, and medical facilities.
List of Key Players in the Wireless Network Security Market
Related Press Release@ Wireless Network Security Market Report
Wireless Network Security Market Report Highlights
Wireless Network Security Market Segmentation
Grand View Research has segmented the global wireless network security market based on component, deployment, enterprise size, end use, and region:
Wireless Network Security Component Outlook (Revenue, USD Billion, 2018 - 2030)
Wireless Network Security Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
Wireless Network Security Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
Wireless Network Security End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Wireless Network Security Market Regional Outlook (Revenue, USD Billion, 2018 - 2030)
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