The Asia Pacific Wireless Network Security Market would witness market growth of 13.7% CAGR during the forecast period (2023-2030).
The wireless security system, connected to the main panel through radio signals and works with firewalls, identity and access management systems, and alarms & detectors to protect wireless network systems, contains sensors, cameras, alarms, and detectors. Wireless alternatives replace conventional security system types because they enable home automation and continue functioning even when the lights are turned out.
Routers & switches are examples of wireless devices that transmit wireless security. By default, these techniques encrypt and safeguard all wireless communication data. Unauthorized users cannot see the transit data, even if data security is false. Several home security and network security services make use of this system.
Wireless network security creates, implements, and ensures security on a wireless computer network. As a result of an increase in frauds involving unauthorized access and cybercrimes, the market is growing. Additionally, the market is expanding primarily as a consequence of firewall network security's rapid uptake. It tracks and regulates incoming and outgoing network traffic according to specified security standards. Firewalls also benefit the industries by monitoring traffic, blocking Trojans, preventing hackers from entering user networks, and reducing the risk of keyloggers.
India's government has launched Digital India, a flagship program to transform the country into a knowledge-based society and economy. The Digital India program is focused on three main visions: real-time service accessibility from online and mobile platforms, digital citizen empowerment, and digital infrastructure as a fundamental utility for every citizen. Several government Ministries and Departments are involved in an extensive initiative termed "Digital India." It combines a wide range of concepts and ideas into a unified, comprehensive vision so that each can be implemented as a component of a bigger objective. The growth in the market for wireless networks security has been boosted by a variety of government initiatives and a rising population undergoing digital transformation which would further raise the network security risks.
The China market dominated the Asia Pacific Wireless Network Security Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $4,561.5 million by 2030. The Japan market is registering a CAGR of 12.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 14.4% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Firewall, Identity & Access Management, Encryption, Intrusion Prevention System (IPS)/Intrusion Detection System (IDS), Unified Threat Solutions and Others) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On premise and Cloud. Based on End-use, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare & Lifesciences, Retail, Manufacturing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Wireless Network Security Market is Projected to reach USD 57.7 Billion by 2030, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Check Point Software Technologies Ltd., Aruba Networks (Hewlett Packard Enterprise Company), Kaspersky Lab, Cisco Systems, Inc., Fortinet, Inc., Juniper Networks, Inc., Motorola Solutions, Inc., Sophos Group PLC (Thoma Bravo), Broadcom, Inc. (Symantec Corporation) and Trend Micro Inc.
By Component
By Enterprise Size
By Deployment Type
By End-use
By Country
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