The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The 5G Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 5G Security Global Market Report 2024, 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 escalating frequency of cyber-attacks is expected to drive the growth of the 5G security market in the future. Cyber-attacks involve unauthorized intrusions or malicious activities against individual computers, networks, or multiple systems by hackers utilizing one or more computers. The 5G security market is positioned to address these challenges and offers security and privacy benefits, including measures against spoofing and anti-tracking. For example, in 2021, according to the Internet Crime Report by the Federal Bureau of Investigation (FBI), a US-based federal agency specializing in investigating cybercrimes and intrusions, the USA witnessed a total of 84,730 registered cases of cybercrimes, reflecting a 7% increase from 2020. Consequently, the surge in cyber-attacks is a driving force behind the growth of the 5G security market
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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
Top Major Players
Telefonaktiebolaget LM Ericsson,
Palo Alto Networks Inc.,
Cisco Systems Inc.,
Allot Ltd.,
Huawei Technologies Co. Ltd.
The 5g security market report table of contents includes:
1. Executive Summary
- 5G Security Market Characteristics
- 5G Security Market Trends And Strategies
- 5G Security Market – Macro Economic Scenario
- Global 5G Security Market Size and Growth
- 5G Security Market Segmentation
- 5G Security Market Regional And Country Analysis
………..
- Key Mergers And Acquisitions In The 5G Security Market
- 5G Security Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global 5G Security Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global 5G Security Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global 5G Security Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…….
Table 76: Telefonaktiebolaget LM Ericsson Financial Performance
Table 77: Palo Alto Networks Inc. Financial Performance
Table 78: Cisco Systems Inc. Financial Performance
Table 79: Allot Ltd. Financial Performance
Table 80: Huawei Technologies Co. Ltd. Financial Performance
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