Overview and Scope
5G security refers to security controls that handle multiple dangers, such as increased subscriber identity protection with new mutual authentication capabilities and extra security procedures. 5G security has designed to address threats faced in today’s 4G/3G/2G networks.
Sizing and Forecast
The 5g security market size has grown rapidly in recent years. It will grow from $8.34 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to identity and access management emphasis, virtualization and cloud-native infrastructure, zero trust security models, shift to edge computing.
The 5g security market size is expected to see rapid growth in the next few years. It will grow to $19.05 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to rapid 5g network expansion, growing iot integration, escalating cyber threats, regulatory emphasis on security, edge computing security demands.. Major trends in the forecast period include development of identity and access management solutions, virtualization and cloud security, ai and ml-powered threat detection, zero trust security models, edge computing security.
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Segmentation & Regional Insights
The 5g security market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Virtual and Augmented Reality, Connected Automotive, Smart Manufacturing, Smart Cities, Other Applications
5) By Industry Vertical: Manufacturing, Healthcare, Reatil, Automotive and Transportation, BFSI, Other Industry Verticals
North America was the largest region in the 5G security market in 2023. The regions covered in the 5g security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing cyber-attacks are expected to propel the growth of the 5G security market going forward. A cyber-attack refers to an attack made against a single computer, a network, or many systems by hackers using one or more computers. 5G security provides security and privacy benefits, such as spoofing and anti-tracking measures, as a result, increasing cyber-attacks increase the demand for the 5G security market. For instance, in 2021, according to the Federal Bureau of Investigation’s Internet Crime Report, a US-based federal agency for investigating cyber-attacks and intrusions, in the USA, complaints registered under cybercrimes reached a total of 84.73k cases, showing an increase of 7% from 2020. Therefore, the increasing cyber-attacks are driving the growth of the 5G security market.
Key Industry Players
Major companies operating in the 5g security market report are Telefonaktiebolaget LM Ericsson, Palo Alto Networks Inc., Cisco Systems Inc., Allot Ltd., Huawei Technologies Co. Ltd., A10 Networks, Nokia Networks, F5 Networks Inc., Juniper Networks Inc., Spirent Communications plc, Fortinet Inc., Mobileum Inc., Trend Micro Inc., Radware Inc., Riscure B.V., G+D Mobile Security, China Mobile Ltd., Cloudflare Inc., DigitCert Inc., Infineon Technologies AG, ZTE Corporation, Akamai Technologies Inc., Colt Technology Services Group Limited, CLAVISTER, AT&T Inc., Avast Software s.r.o., Check Point Software Technologies Ltd., ForgeRock Inc., Positive Technologies, Thales Group, Symantec Enterprise, McAfee Corp.
The 5g security market report table of contents includes:
1. Executive Summary
2. 5G Security Market Characteristics
3. 5G Security Market Trends And Strategies
4. 5G Security Market – Macro Economic Scenario
5. Global 5G Security Market Size and Growth
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26. South America 5G Security Market
27. Brazil 5G Security Market
28. Middle East 5G Security Market
29. Africa 5G Security Market
30. 5G Security Market Competitive Landscape And Company Profiles
Top Major Players:
- Telefonaktiebolaget LM Ericsson
- Palo Alto Networks Inc
- Cisco Systems Inc
- Allot Ltd
- Huawei Technologies Co. Ltd
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