The Global 5G Security Market size was valued around USD 2.2 billion in 2023 and estimated to grow at a CAGR of about 39.25% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global 5G Security Market Driver:
Increasing Security Issues in the 5G Era Prompting the Fusion of 5G Security Solutions – 5G networks offer significantly higher data speeds than previous generations such as 4G & 3G enabling faster downloads, smoother streaming, enhancing overall user experiences, and making it attractive to consumers, business organizations, and other end-users. In addition, 5G networks are designed to be more reliable & resilient, particularly important for mission-critical applications, such as emergency services and critical infrastructure.
5G networks introduce a substantially larger attack surface due to the proliferation of connected devices, massive IoT deployments, and the complexity of the network architecture. The massive deployment of 5G networks in IoT devices poses a significant security risk since these smart & digital devices lack robust security features. As a result, their security is easily compromised and results in network breaches. Therefore, the end-users essentially integrate multi-layered security within the 5G network to ensure network security. Hence, security concerns in the 5G are leading to the amalgamation of various 5G security solutions to safeguard the integrity, availability, and confidentiality of data and services, driving the Global 5G Security Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global 5G Security Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Component
- Solution- Market Size & Forecast 2019-2030, USD Million
- Next gen firewall- Market Size & Forecast 2019-2030, USD Million
- Antivirus/Antimalware- Market Size & Forecast 2019-2030, USD Million
- Security Gateway- Market Size & Forecast 2019-2030, USD Million
- Distributed Denial of Service Protection (DDoS)- Market Size & Forecast 2019-2030, USD Million
- Sandboxing- Market Size & Forecast 2019-2030, USD Million
- Others (Encryption Software, Intrusion Detection and Prevention Systems (IDPS), etc.) – Market Size & Forecast 2019-2030, USD Million
- Services- Market Size & Forecast 2019-2030, USD Million
- Consulting & Advisory Services- Market Size & Forecast 2019-2030, USD Million
- Managed Services- Market Size & Forecast 2019-2030, USD Million
- Others (Application & Content Services, Support & Maintenance, etc.)- Market Size & Forecast 2019-2030, USD Million
- Solution- Market Size & Forecast 2019-2030, USD Million
- By Deployment
- Cloud- Market Size & Forecast 2019-2030, USD Million
- On-Premise- Market Size & Forecast 2019-2030, USD Million
- By Architecture
- Radio Access Network (RAN)- Market Size & Forecast 2019-2030, USD Million
- New Radio (NR) Standalone- Market Size & Forecast 2019-2030, USD Million
- New Radio (NR) Non-Standalone- Market Size & Forecast 2019-2030, USD Million
- Mobile Core Security- Market Size & Forecast 2019-2030, USD Million
- Radio Access Network (RAN)- Market Size & Forecast 2019-2030, USD Million
- By End-Users
- IT & Telecom- Market Size & Forecast 2019-2030, USD Million
- Banking, Financial Services, and Insurance (BFSI) – Market Size & Forecast 2019-2030, USD Million
- Retail & E-Commerce- Market Size & Forecast 2019-2030, USD Million
- Media & Entertainment – Market Size & Forecast 2019-2030, USD Million
- Others (Healthcare, Hospitality, etc.) – Market Size & Forecast 2019-2030, USD Million
- By Organization Size
- Small & Medium- Market Size & Forecast 2019-2030, USD Million
- Large-Market Size & Forecast 2019-2030, USD Million
- By Application
- Virtual & Augmented Reality- Market Size & Forecast 2019-2030, USD Million
- Networked-Enabled Robotic and Autonomous Systems- Market Size & Forecast 2019-2030, USD Million
- Distributed Sensing and Communications- Market Size & Forecast 2019-2030, USD Million
- Connected Automotive- Market Size & Forecast 2019-2030, USD Million
- Smart Cities- Market Size & Forecast 2019-2030, USD Million
- Others (Smart Manufacturing, Wireless Brain-Computer Interactions (BCI), etc.)- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Telefonaktiebolaget LM Ericsson, Palo Alto Networks, Thales Group, A10 Networks Inc., Allot, AT&T Intellectual Property, F5, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Spirent Communications , Jupiter Networks Inc., Akamai Technologies, Zscaler, Inc., Trend Micro Incorporated, Vmware, Others, are looking forward to strengthening their market positions.
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