The global wireless intrusion prevention system market is experiencing significant growth, driven by the increasing need for robust security solutions in various industries. This advanced technology plays an important role in protecting wireless networks from unauthorized access, attacks, and potential breaches.
The market is segmented on the basis of implementation and component. Based on implementation, the market is sub-segmented into hosted and network-based systems. Hosted wireless intrusion prevention systems are deployed and maintained by third-party service providers, providing businesses with flexible and scalable security solutions, whereas network-based systems are implemented in an organization’s infrastructure and provide direct control over security systems.
The components of a wireless attack prevention system include infrastructure, software, and hardware. Professionals provide installation, maintenance, and support services to ensure the smooth operation of these systems. The software components include advanced threat detection and mitigation techniques, while the hardware components include sensors, access points, and network devices that enable wireless security management.
Key Drivers of the Wireless Intrusion Prevention System Market
Increasing Reliance on Wireless Technology
Industries such as IT and telecommunication, retail and e-commerce, BFSI, aerospace and defense, healthcare, government, and manufacturing heavily rely on wireless networks to enable seamless communication, data transfer, and operational efficiency. However, the convenience of wireless networks also brings along security risks, making it essential for organizations to invest in wireless intrusion prevention systems to protect their networks and sensitive data.
Growing eCommerce Industry
In the eCommerce industry, where customers’ personal and financial information is exchanged during online transactions, encryption systems play an important role in ensuring the security and integrity of that data. The implementation of these systems enables organizations to reduce the risk of data breaches and maintain customer trust. Thus, the growth of the e-commerce industry is another driver for the growth of the market. According to the International Trade Administration, e-commerce sales reached $1.3 billion in 2014 and are expected to reach $6.3 billion by 2024. In addition, the industry is expected to grow by more than 8% between 2020 and 2025.
Growing Digital Workplace Trends
The increasing adoption of digital workstations is driving demand for wireless intrusion prevention systems. The risk of security breaches and unauthorized access increases as more devices and data are transmitted over a wireless network. Wireless intrusion prevention systems provide advanced security measures to protect against cyber threats and ensure data integrity and privacy in a digital workplace. As organizations prioritize network security in the evolving digital landscape, the wireless intrusion prevention system market experiences growth.
Expansions and Innovations by Major Market Players
The wireless intrusion prevention system market has significant contributors such as AT&T Inc., Corero, IBM Corp., Dell Corp., and McAfee, among others. These players assist in the market’s growth with the launch of new products and through collaborations and investments. Some of the recent developments in the market include-
• In March 2023, Johnson Controls introduced the IQ Pro Hybrid Security Panel, designed for intrusion protection in commercial buildings and large residential facilities. The panel supports PowerG's advanced sensor technology, offering a wide wireless range and a comprehensive range of life safety and security devices. With dual-path connectivity and integration with Alarm.com for Business, the IQ Pro provides reliable remote connectivity and management. The panel's flexible architecture allows for future hardware and software innovations, ensuring long-term protection for evolving security needs.
• In March 2023, Fortinet has unveiled its FortiGate Cloud-Native Firewall (CNF) on Amazon Web Services (AWS), providing enterprise-grade next-generation firewall functionality with cloud-native support. FortiGate CNF integrates AI-powered Security Services for real-time threat detection and protection. It offers scalability, resiliency, streamlined workflows, and easy consumption through deep cloud-native integrations with native AWS services. FortiGate CNF simplifies network security operations and enables businesses to aggregate security across cloud networks and virtual private clouds, while supporting AWS's Graviton server hardware. The solution's user-friendly interface and AI-powered security services enhance security management and prevention capabilities.