Wireless network security market size expected to reach $20.2 billion with a CAGR of 10.9% by 2026 – IndustryARC

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Wireless Network Security Market Drivers Increase BYOD Policy Adoption

HYDERABAD, TELANGANA, INDIA, November 11, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that wireless network security market The size is expected to reach $20.2 billion by 2026, growing at a CAGR of 10.9% from 2021 to 2026. Growing adoption of wireless network security among organizations is expected to be the primary driver of market growth over the forecast period. Additionally, the implementation of bring your own device policy will accelerate the scope of market growth for wireless network security vendor companies during the forecast period 2021-2026 to improve cyber security at using unified threat management, intrusion prevention and encryption. Moreover, increase in the number of cyber attacks, which in turn has resulted in huge losses in terms of monetary loss as well as identity theft, is the other factor contributing to the growth of the market. Additionally, the Covid19 pandemic has forced us to work from home, increasing the growth opportunities for the wireless network security market. These factors are analyzed to drive the market over the forecast period 2021-2026. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

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Key points to remember:

1. Small & Medium Enterprise segment is analyzed to experience the highest growth rate of wireless network security market during the forecast period 2021-2026, owing to the adoption of modern technologies for facilitate business transactions.

2. Retail and e-commerce is expected to grow with the highest CAGR of around 13.3% in the global wireless network security market during the forecast period 2021-2026, owing to the popularity of online shopping.

3. North America region is analyzed to witness the largest market in the global Wireless Network Security Market during the period 2021-2026, owing to growing internet penetration.

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Segmental analysis:

1. The small and medium business segment is analyzed to represent the highest CAGR of 12.5% ​​in the global wireless network security market during the forecast period 2021-2026.

2. Based on industry vertical segmentation, retail and e-commerce held the highest wireless network security market share of approximately 13.3% in the global market wireless network security in 2020.

3. North America held the highest wireless network security market share of around 34.8% in the global wireless network security market in 2020 and is expected to grow further at a significant rate during the forecast period 2021-2026.

Competitive Landscape:

Top 5 players in the Wireless Network Security industry are –

1. Aerohive

2. Aruba Networks

3. Cisco Systems Inc.

4. Jupiter Networks Inc.

5.Broadcom Inc.

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Related reports:

A. Wireless Security in the LTE Network Market

B. Cybersecurity market

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