The wireless intrusion prevention system market size is designed in such a manner that it even works even if the connection is lost. The rise in avenues of the feature contributes to the rise in wireless intrusion prevention system market size.
Wireless Intrusion Prevention System Market Scope
The wireless intrusion prevention system market size can exhibit 15% CAGR over the forecast period. It can reach a purported valuation of USD 1.5 billion by 2023. The Wireless Intrusion Prevention System Industry research report provides important market credentials such as history, various extensions and trends, trade overview, regional markets, trade and market competitors.
The market is expected to expand owing to advances in technology and investments in upgrading IT infrastructure by various companies. The safeguarding of databases and digital assets can drive the demand for WIPS. Government policies for secure wireless communication and rise of cyberattacks can induce massive demand from the market. Moreover, protection of servers and databases can favor the market considerably. Rise of BYOD and CYOD in large organizations has led to organizations taking steps to protect personal devices within office premises as well as those working remotely.
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The COVID-19 pandemic is likely to trigger the demand for WIPS owing to governments mandating policies for protecting assets and IT infrastructure during remote work and social distancing. High use of mobile devices and internet penetration can lead to investments in wireless security solutions by major organizations.
Lack of awareness of the technology and inability of legacy systems for implementing WIPS can hamper market growth.
Wireless Intrusion Prevention System Market Segmentation
By component, the wireless intrusion prevention system market is segmented into hardware, software, and services. The hardware sub-segment consists of sensors, consoles, and servers. The services segment is sub-segmented into professional and managed services.
By implementation, the market is divided into network and hosted.
Major applications of the wireless intrusion prevention system market are government, BFSI, IT& telecommunication, manufacturing, aerospace & defense, retail & e-commerce, healthcare, and others. The government sector is likely to command a huge demand in the market owing to being a frequent victim of cyberattacks. Compliance protocols made mandatory by organizations and implementation of WIPS for assessing risks on wireless networks to government departments can drive the segment demand. On the other hand, the retail sector is employing IoT solutions to ensure efficiency and help workers maintain operations. This induced the need for wireless intrusion systems that detect rogue access points and prevent the entry of malicious attacks.
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Wireless Intrusion Prevention System Market Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions analyzed for measuring the growth of the global wireless intrusion prevention system market.
North America is set to be highly profitable for the market owing to IT infrastructure spending by corporations and rise of cyberattacks. Presence of large solution providers and compliance with changing security protocols can drive demand for wireless intrusion prevention systems. Forensic analysis of radio frequency events as well as aggregation and reporting of alarms for raising the defenses of systems can bode well for the market.
APAC is set to be the fastest growing region owing to digital transformation of infrastructure and adoption of smart solutions in China, India, and Japan. Implementation of regulations for better protection of their intellectual property as well as rise of online breaches can drive the market demand in the region.
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Wireless Intrusion Prevention System Market Key Players
Key Points Covered in the Report:
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Wireless Intrusion Prevention System Market
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