Wireless Network Security Market size was USD 29.6 billion in 2024 and is estimated to reach USD 140.2 billion by the end of 2037, expanding at a CAGR of 12.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of wireless network security is assessed at USD 33.4 billion.
High adoption of wireless network security solutions across different sectors is a key factor expected to boost wireless network security market growth during the forecast period. Several industries are widely adopting digital technologies, including the Internet of Things (IoT) and Artificial Intelligence (AI) due to their effectiveness in enhancing overall business operations. This digital shift along with technological advancements, however, increases privacy concerns and cyber theft risks. To overcome these issues the end users deploy advanced wireless network security solutions.
According to recent studies by Research Nester, around 62% (3 out of 5) of manufacturers employ IoT technologies in their manufacturing units. Also, out of 16.6 billion global IoT connections 15.9 billion connections are IoT aggregation nodes. Considering these statistics, and the rising adoption of IoT connections in the manufacturing sector, the demand for wireless network security solutions is set to exhibit a boom. In April 2024, HPE Aruba Networking announced the launch of a robust Wi-Fi 7 to enhance wireless network security in enterprises and address challenges associated with AI and IoT.
Growth Drivers:
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
12.7% |
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Base Year Market Size (2024) |
USD 29.6 billion |
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Forecast Year Market Size (2037) |
USD 140.2 billion |
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Regional Scope |
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Solution (Firewall, Encryption, Intrusion Detection Systems, Identity & Access Management, Unified Threat Management, Others)
The firewall segment in wireless network security market is anticipated to account for a dominating revenue share through 2037 owing to increasing threats of malicious and unauthorized visitors, susceptibility to cyber threats, and rising availability of advanced firewall solutions. In February 2023, WatchGuard announced the launch of a new line of firewall products to increase security for remote and distributed businesses. According to the Research Nester analysis, even though there are numerous wireless network security solutions available in the market, around 74% of organizations adopt multi-vendor firewall environments.
End user (Small & Medium Enterprises, Large Enterprises)
Large enterprises segment is set to capture wireless network security market share of around 78.5% by the end of 2037, owing to the rapid digitalization trend. Many large-scale organizations are adopting digital technologies to boost their operational efficiency and manage vast amounts of data. In the manufacturing sector, the integration of technologies such as artificial intelligence, machine learning, the Internet of Things, and cloud computing is making workflow more effective and labor-free.
Our in-depth analysis of the global wireless network security market includes the following segments:
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Solution
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Service |
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End user |
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Industry Vertical |
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North America Market Forecast
North America wireless network security market is predicted to account for revenue share of more than 33% by the end of 2037, owing to the strong presence of key market players and early adopters. The advanced IT infrastructure, early adoption of advanced technologies, and stringent regulations on cybercrimes are further contributing to the market growth in the region.
The U.S. wireless network security market is projected to expand at a CAGR of 12.7% during the forecast period. The increasing number of new product launches in the country underscores the high adoption rates of security solutions in the country. For instance, in September 2023, Zscaler, Inc. partnered with Imprivata and CrowdStrike to develop a zero-trust cybersecurity solution for healthcare organizations.
In Canada, the stringent regulations on network security and the rapidly expanding IT and telecommunication sector are significantly influencing the market growth. In July 2024, Get Wireless announced its plan to expand its presence and portfolio of IoT products and services in Canada.
Asia Pacific Market Statistics
Asia Pacific is the most opportunistic marketplace for wireless network security solution providers owing to the swift adoption of digital technologies in several sectors. The rapidly expanding BFSI sector in the region coupled with rising foreign investments is boosting the sales of wireless network security solutions. Asia Pacific is expected to capture 23.1% of the global wireless network security market share by 2037 due to the presence of high-potential economies such as China and India and technologically advanced countries such as Japan and South Korea.
India is witnessing robust growth in the telecommunications sector, which is directly boosting the sales of advanced wireless network security technologies. For instance, according to the India Brand Equity Foundation, the total volume of wireless data usage in the country increased from 4,206 petabytes in 2018 to 47,629 petabytes in 2024. Furthermore, the approval of the USD 1.65 billion production-linked incentive (PLI) scheme by the Union Cabinet for telecom & networking products is expected to fuel the wireless network security market growth in the coming years.
Key players in the wireless network security market are adopting several organic and inorganic strategies to maximize their earnings and boost market reach. They are investing heavily in research and development activities to introduce innovative wireless network security solutions. Industry giants are collaborating with other players to enhance their product offerings and increase their audience base. Furthermore, they are also employing mergers & acquisitions and regional expansion strategies to grab lucrative opportunities.
Some of the key players include:
Author Credits: Radhika Pawar
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