Wireless Network Security Market Regional Analysis:
North America Market Forecast
North America industry is predicted to account for largest revenue share of 33% by 2035, 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 significant CAGR 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 2035 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.
