The global wireless network security market is expected to witness substantial growth over the next few years. This may be primarily attributed to several factors, such as rise of wireless networks in enterprises and the increasing adoption of mobile devices at workplaces. Issues pertaining to cyber security threats have extensively driven the demand for the wireless network security market. Furthermore, in order to ensure that the systems, as well as applications, are free from any security loopholes and data loss is also expected to fuel market growth over the forecast period. Increased reliance on wireless networks by several organizations so as to cut maintenance costs and foster operating income is also expected to favorably impact the wireless network security industry growth. Wireless security network also offers high-data transfer capabilities and sophisticated IT tools. The market is also expected to witness growth owing to the surging demand for WLAN security systems to enhance network performance and enable high-speed data transmission within a secure environment.
Emerging BYOD policies and stringent government regulations owing to the rise in the number of cyber-attacks and crimes are also expected to positively impact the wireless network security market growth over the next few years. However, competition from local vendors and the availability of free online solutions may pose a challenge to market growth. Local vendors usually offer low-cost solutions although with limited features. Additionally, integrating wireless technologies efficiently across mobile devices remains to be key issue which may hamper the wireless network security market growth over the next few years. North America is expected to emerge as the most dominant regional market over the next few years.
Key players offering wireless network security solutions include Sophos Ltd., Ruckus, Motorola Solutions, Juniper Networks, Fortinet, Cisco Systems Inc., Brocade Communications Systems Inc., Aruba Networks, Symantec Corporation, Honeywell, and Robert Bosch.
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Amidst the COVID-19 crisis, the network security industry is poised for sustainable growth despite the foreseeable economic turbulence. Implementation of remote working policy, due to lockdown is putting unanticipated stress on remote networking technologies and causing operational technology (OT) security risk concerns over the vulnerable home network security. Furthermore, as digital infrastructure becomes a critical aspect of business strategic considerations, network security will become a competitive differentiator for businesses and overhaul their remote working strategies. We are incessantly monitoring the market dynamics and regulations while continuously assessing the impact of Covid-19 with the aim of providing you with actionable market insights. The report will account for Covid19 as a key market contributor.