The Europe Wireless Network Security Market would witness market growth of 12.4% CAGR during the forecast period (2023-2030).
The increased adoption of Bring Your Own Device (BYOD) policies to increase employee productivity and workforce mobility by different businesses is encouraging the market. These solutions allow businesses to protect their confidential information on mobile devices and improve secure wireless communication among employees.
A favorable environment for the market is being created by end-user organizations' focus on implementing various wireless network security solutions, such as firewalls, identity and access management (IAM), intrusion prevention systems (IPS)/intrusion detection systems (IDS), data loss prevention (DLP), encryption, and unified threat solutions, among others, to strengthen the security of their digital infrastructure.
The market is expanding due to Wi-Fi's growing popularity in both the household and business sectors. In order to install wireless networking solutions in various situations, more expertise is essential. Small & medium-sized businesses could require more resources and money to manage this solution. Market participants are concentrating on creating the solutions that are user-friendly and simple to implement and manage to address these problems.
In Germany, 89% of the population uses the internet, according to the export hub report, updated in July 2023. About 55 million people in Germany used smartphones in 2017. Google dominates the German search engine industry on desktop and mobile devices, followed by Bing and Yahoo. With a 38% mobile share of retail e-commerce sales, smartphones are becoming increasingly prevalent, making Germany one of the continent's e-commerce giants. In Germany, at least 75% of internet users have and frequently access a social network account. Additionally, the complexity of firms' I.T. footprints is growing, raising the demand for sophisticated and specialized cyber solutions. As a result, the need for network security solution rises in the region supporting the growth of the market.
The Germany market dominated the Europe Wireless Network Security Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,744.4 million by 2030. The UK market is exhibiting a CAGR of 11.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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