The North America Wireless Network Security Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030).
The demand for innovative software will be driven by the expanding number of startups and increased internet penetration in developing nations. Additionally, BYOD services, which require secure network connections, are being used by end-user businesses. Also, companies in the healthcare and retail sectors are concerned about network security. These sectors are thus deploying cutting-edge security technology that can improve their security.
Advanced wireless network security solutions are required due to the expansion of digital infrastructure across numerous end-use industries, including BFSI, retail, and healthcare, in order to safeguard this infrastructure from online threats. The government of many nations, including Canada is taking proactive steps to improve its cybersecurity, opening up significant market prospects.
Innovative technologies, including artificial intelligence (AI), machine learning (ML), big data analytics, the cloud, blockchain, the Internet of Things (IoT), and robotic process automation (RPA), are assisting market participants in improving the safety of their clients against cyberattacks. These technologies are also being utilized in wireless network solutions. Blockchain's popularity in wireless network solutions is rising due to its capacity to improve the transparency, security, and traceability of data shared across numerous networks.
According to International Trade Administration, over 27 million Canadians used eCommerce in 2022, accounting for over 75% of the country's population. In December 2020, Canada's eCommerce retail trade revenue reached an all-time high and reached US$3.82 billion, according to Statistics Canada. In 2025, this percentage is anticipated to rise to 77.6%. Canada's expanding retail eCommerce sales are the result of an increase in online shoppers. By 2025, retail eCommerce sales are predicted to reach USD 40.3 billion. To compete with websites like Amazon Canada, retailers invest in digital platforms to reach consumers distributed throughout a vast territory. The market support in this region is evaluated based on the rising popularity of e-commerce platforms and digitalizing retail sector who would further need security solutions.
The US market dominated the North America Wireless Network Security Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $14,726.4 million by 2030. The Canada market is experiencing a CAGR of 14.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.6% 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 U.S., Mexico, Canada, and Rest of North America.
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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