Published on : Aug 04, 2016
ALBANY, New York, August 04, 2016: ResearchMoz.us has added a new report, titled “Global Wireless LAN Security Market 2016-2020,” to its offering. This study provides up-to-date data on the wireless LAN security market. It also provides insights into the prime factors fuelling the development of the market during the forecast horizon.
Furthermore, qualitative as well as quantitative analysis of the market for wireless LAN security also forms a key part of this study. The prime risk factors, trends, and opportunities and their influence on the development of the market have also been presented in this report. A section on the prime contributions of the prominent vendors dominant in the market is also a key part of this study.
The global wireless LAN security market is poised to expand at a remarkable 19.93% CAGR from 2016 to 2020. The report starts by presenting the market overview section comprising the chief market highlights, advantages and architecture of WLAN, and description of WLAN security technologies.
WLAN refers to a wireless Ethernet connectivity solution amongst client devices including PDAs, desktop computers, and wireless hubs connected to physical networks. The market for wireless LAN security will also grow owing to the increasing penetration of smartphones as well as the increasing requirement for high-speed data transmission across networks.
In the next section of the report, the segmentation of the market has been presented. In terms of technology, the report segments the global wireless LAN security market into WPA, WEP, and WPA2. Of these, the segment of WPA2 led the market with a share of over 56% in 2015.
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By end use, the report categorizes the market into enterprises and individual customers. Amongst these, the segment of enterprises held the largest share of 55% in the market in 2015. The growing requirement to lower IT costs while raising the productivity of employees has primarily raised the adoption of WLAN solutions in enterprises globally.
Geographically, the report segments the global wireless LAN security market into Europe, Asia Pacific, North America, and Rest of the World (RoW). Of these, the APAC wireless LAN security market is the most swiftly developing market and is poised to exhibit a CAGR of over 24.0 % from 2016 to 2020. The growth in small and medium enterprises (SMEs) in APAC has resulted in an increased adoption of cloud-based services. These cloud-based services have further raised the demand for WLAN security solutions for protecting their network and for ensuring security in the data transmitted, hence boosting the growth of the market in this region.
Moving further, the key dynamics impacting the development of the market have been detailed. The increased development of emerging markets is amongst the chief factors fuelling the growth of the global wireless LAN security market. In addition, the growing adoption of bring-your-own-device (BYOD) policies amongst enterprises, which has raised the usage of tablets, smartphones, and laptops at workplaces, has also positively impacted the growth of the market. However¸ the increasing security issues in wireless data transmission networks may hamper the growth of the market.
As per the study, the key players dominant in the market for wireless LAN security are Aruba Networks, Cisco, Fortinet, Juniper, Symantec, and Ruckus, among others.
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