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Wireless Network Security Market worth $15.55 Billion by 2019

DALLAS, April 17, 2014 /PRNewswire/ --

The report "Wireless Network Security Market by Solutions (Firewall, IPS/IDS, Encryption, I&AM, UTM), Services (Security Operations, Consulting, Managed Security Services) - Worldwide Market Forecasts and Analysis (2014-2019)", defines and segments the wireless network security market into various segments and provides an in-depth analysis and forecasting of revenues. This research report helps to identify the factors driving this market, various restraints, challenges, and opportunities impacting it along with the future roadmaps.

Browse 95 market data tables 56 figures spread through 184 pages and in-depth TOC on "Wireless Network Security Market"

 Early buyers will receive 10% customization on this report.

MarketsandMarkets broadly segments the wireless network security market by solutions: firewall, intrusion prevention/detection system (IPS/IDS), encryption, identity & access management (I&AM), unified threat management (UTM), and others; by services: security operations, consulting services, managed security services (MSS), and others; and by verticals: banking, financial services, and insurance (BFSI), government & utilities, telecommunication & IT, healthcare, aerospace & defense, retail, manufacturing, and others; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

Rise of wireless networks in enterprises and increase in adoption of mobile devices at workplaces are the primary factors driving the growth for this market. Wireless network security solutions address the need of protecting the data from enterprises side. With the adoption of wireless networks on workplace, attackers are now using advanced and more sophisticated tools to infiltrate in enterprise networks which have caused big dents in revenues. There are several vendors in this market offering various solutions and services. These offerings are mostly standardized but for specific demands, customized offerings are also available. In this market, generally the demands of customers varies and hence customization is very important.

As per study, enterprises are now deploying wireless networks for data transfer and communication. The prime reason behind high adoption rate is low maintenance cost and high data-transfer capabilities. At the same time, enterprises are implementing new technologies such as BYOD, which increases the use of mobile devices on workplace. It enhances the use of wireless networks which brings agility in organizational processes. Wireless networks have these perks although these networks are quite vulnerable to security threats such as attacks on network and data theft.

MarketsandMarkets expects the Wireless Network Security Market to grow from $8.47 billion in 2014 to $15.55 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 12.94% during the forecast period. MarketsandMarkets expects NA to hold the largest market for Wireless Network Security market in terms of geographical regions and over the next five years, it is expected to continue this pace but APAC and LA would be the regions with higher growth rates.

 Browse Related Reports 

Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market (Host Based IDS/IPS, Network Based IDS/IPS, Wireless IDS/IPS, On-premise & Cloud Deployment, Appliances, Software, Professional Services) - Global Advancements Forecasts & Analysis (2014-2019)

Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery, DDoS Mitigation, Web Filtering, Security Services) - Global Advancements, Forecasts & Analysis (2014-2019)

About MarketsandMarkets  

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and Telecommunications and IT.

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