Wireless Network Security Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Wireless Network Security Market in 2025 is assessed at USD 32.77 billion. The global market size was worth more than USD 29.75 billion in 2024 and is poised to witness a CAGR of over 12.7%, crossing USD 140.77 billion revenue by 2037. North America industry revenue is expected to climb to USD 46.45 billion by 2037, fueled by the strong presence of key market players and early adopters.
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.
Wireless Network Security Sector: Growth Drivers and Challenges
Growth Drivers:
- High adoption by the BFSI sector: To compete with the tech-driven world organizations are integrating advanced communication and networking solutions. These solutions make operations more easy, effective, and efficient leading to high earnings. The BFSI is one the prime sectors ahead in the utilization of networking technologies to manage the vast data securely and effectively. For instance, as per the Carnegie Endowment for International Peace Report, in April 2022 investors lost around USD 180 million in the Beanstalk Farms cryptocurrency heist. Hence, to battle these issues, BFSI organizations are making high use of advanced wireless network security technologies.
- Generative AI offering advanced protection: The integration of generative artificial intelligence (AI) enhances the performance and ability to identify ransomware, malware, and other cyber threats of wireless network security solutions. Many organizations are employing generative adversarial network solutions to analyze vast amounts of data and detect and cope with any cyber theft. In May 2024, Fortinet revealed new updates to its GenAI product base to enhance security as well as network operations.
Challenges
- Lack of standard norms: Cyber attackers are using various digital technologies to steal sensitive information from enterprises and organizations. The possibility that the cyber attacker can transfer a bug into a digital wireless network security solution is creating a trusted approach among end users, hampering the overall wireless network security market growth. Even though digital technologies offer advanced protection they can be also used against due to the non-presence of any reliable and authenticate standards.
- High investment cost & lack of knowledge: Companies running on tighter budgets are often deterred from adopting advanced wireless network security solutions owing to their high installation costs. Also, the integration of wireless network solutions with existing technologies is a complex process and requires the presence of skilled technicians, which increases labor costs. Apart from this, some companies resist adopting advanced security solutions due to a lack of knowledge and misconception, which hinders the wireless network security market growth to some extent.
Wireless Network Security Market: Key Insights
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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 29.75 billion |
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Forecast Year Market Size (2037) |
USD 140.77 billion |
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Regional Scope |
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Wireless Network Security Segmentation
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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Customize this ReportWireless Network Security Industry - Regional Scope
North America Market Forecast
North America industry is predicted to account for largest revenue share of 33% by 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 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 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.
Companies Dominating the Wireless Network Security Landscape
- IBM Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ruckus Networks
- Aerohive Networks
- Fortinet Inc.
- Aruba Networks
- Juniper Networks Inc.
- Broadcom Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Sophos Ltd
- Motorola Solutions Inc.
- Amazon Web Services Inc.
- Edgecore Networks
- Secureworks Inc.
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:
In the News
- In June 2024, Cisco Systems Inc. announced the launch of its AI-enabled network security solution to offer a more secure and connected environment. The company also announced a USD 1.0 billion investment for the expansion and development of reliable AI security solutions.
- In November 2022, Fortinet Inc. announced the launch of managed cloud-native firewall services. This artificial intelligence-based network security solution is available on Amazon Web Services.
Author Credits: Abhishek Verma
- Report ID: 6586
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
