Albany, NY -- (SBWIRE) -- 10/19/2016 -- The report, titled "Global Wireless LAN Security Market 2016-2020" offers a comprehensive evaluation of the global wireless LAN (WLAN) security market. As per the findings of the report, the global wireless LAN security market is expected to expand at an impressive CAGR of nearly 20% from 2016 to 2020.
The rising need for advanced computing techniques, which are required to manage the increasing volume of transmitted data across networks, is triggering the demand for WLAN. This, in turn, is boosting the demand for WLAN security solutions in order to protect the network from cyber-attacks and data breaches. Moreover, with the rising adoption of the bring-your-own-device (BYOD) policy among enterprises, which includes the usage of personal devices such as smartphones, tablets, and laptops, the demand for these solutions is likely to increase. Furthermore, the increasing implementation of internet of things (IoT) and rapidly developing telecom infrastructure in emerging economies are likely to open new avenues for WLAN security solutions providers. These factors, collectively, are driving the global wireless LAN security market. However, factors such as low bandwidth and data transmission vulnerabilities are hampering the growth of the market.
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On the basis of technology, the market is segmented into wired equivalent privacy (WEP), Wi-Fi protected access (WPA), and WPA2. The WPA2 segment dominated the market in 2015, representing more than 56% of the overall market. The increasing demand for this technology can be attributed to the presence of highly secured protocols. Based on end-users, the market is segmented into individual consumers and enterprises. Enterprises was the leading segment in 2015, accounting for nearly 55% of the market. With the growing adoption of BYOD globally, the segment is expected to retain its leadership until 2020. Geographically, Asia Pacific is expected to expand at a significant CAGR of more than 24% over the forecast period. The increasing use of mobile devices, rising implementation of cloud-based services by small and medium enterprises (SMEs), and rapid technological advancements are contributing to the growth of this regional market.
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The impressive growth rate of the global wireless LAN security market is attracting new players. However, the strong global presence of the leading players is posing a significant entry barrier for new players. Several key players offer cloud-based and on-premises controlled solutions to deploy WLAN technology and provide a number of services and solutions such as Wi-Fi security and data center hardware. The front runners in this highly competitive arena are Juniper, Symantec, Cisco, Ruckus, Fortinet, and Aruba Networks. Some other prominent players are AirTight Networks, Brocade Communication Systems, Dell SonicWALL, Highwall Enterprise, and Motorola Solutions.
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