According to analysts at Vantage Market Research, the WPA LSG and FT and NMS Market is expected to reach USD 0.93 Billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028. Rapid increasing 5G technology, in turn, supports a large number of services related to WPA to protect from vulnerable attacks. This technique also protects password cracking attacks for weak passwords by using pre-shared key WPA and WPA2. WPA password protection technique requires a quick lookup to speed up cracking information, this augments the growth of WPA LSG and FT and NMS Market in the coming years.
- Performance Monitoring segment of WPA LSG and FT and NMS Market accounted the market growth at highest CAGR of 6% in the coming years, owing to increased 5G technology and availability of lots of security checks to track the threats in the later access. Password protection, performance management, protection from vulnerable attacks, and high look-up speed are the factors to propel the market of the Performance Monitoring segment.
- The network Operators segment led a considerable market growth than another segment at a CAGR of 4.9% during the forecast period. This segment provides the necessary information to manage networks and basically used to identify problems in the network. This adoption in the network management and expansion of networks to remote locations fuel the market growth of the Network Operators segment.
- North America is accounted for the largest market share of WPA LSG and FT and NMS Market at a CAGR of 7% during the projected period. The major factors which drive the WPA LSG and FT and NMS Market growth in the North American region are the increased demand for advanced technology, increased population, easy to access facilities, and high demand for internet users across the globe.
WPA, LSG and FT, and NMS monitor and manage the performance of networks. This leads to the demand for WPA, LSG and FT, and NMS in the market. It analyses the transmitted data through the network and uses packet analyzer software to monitor network traffic. This also fuels the market growth. Factors such as security checks, threats monitoring, network debugging, and identifying the root cause of an attack are expected to bolster the market growth of WPA, LSG and FT, and the NMS market. LSG and FT are used to test at some extreme stress conditions and it also used to prevent the issue at a later stage in every development cycle to track the issue. This security measure increases the demand of the market in the upcoming years.
Asia-Pacific has projected the fastest market growth of WPA LSG and FT and NMS Market during the forecast period. The factors that contributed to the growth of the region are increased digitalization, more precautions towards security access, new technological changes to avoid the vulnerable attack. In addition to this, many of the industries taking an interest to grow the market value by applying new technologies to get the different products in the market. This can boost the product requirement in the market.
Some of the major players that contributed to the WPA LSG and FT and NMS Market are Paessler, Cisco Systems, Microsoft, SolarWinds, Zoho Corporation, Check Point, Colasoft, Nagios, IBM, EverestIMS Technologies, ManageEngine, HP, SolarWinds Worldwide, LLC., and among others.