Market Overview: 5G Security Market FY24-30
This reports provides an essential and dependable overview of the 5G Security Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
5G Security Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 39.25% (2024-2030)
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.
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5G Security Market Opportunity:
Increasing Investment for the Upgradation of 5G Network by Telecom Operators & Government to Boost Market Growth – 5G networks are a driving force for economic development and innovation across the globe since they act as a stimulus for digital transformation across various sectors such as telecommunications, manufacturing, healthcare, etc. As a result, the governments of countries like India, the UAE, etc., are investing heavily to deploy 5G networks within their countries.
However, the vast amount of data that is transmitted over 5G networks by these end-user industries, makes data privacy a paramount concern since the security breaches result in significant financial losses for the end users. In addition, the network breaches also result in service disruptions, legal compensations, and customer churn. Therefore, end-users are investing heavily & collaborating with the 5G network security solution providers to upgrade their 5G infrastructure & integrate security solutions within their networks. For instance,
- In 2023, the Malaysian telecom operator DNB announced their investment in 5G security solutions & collaborated with Ericsson to strengthen their network security.
This increasing investment & collaboration for the upgradation of 5G infrastructure is resulting & will continue to uplift the Global 5G Security Market.
In addition, governments of several countries that are planning to deploy 5G networks within their countries in the foreseen years are planning to enact regulations and standards related to 5G network security. As a result, end-users would have to comply with these requirements & essentially integrate 5G security within their infrastructure to avoid legal consequences and financial penalties, consequently enhancing the demand for the integration of 5G security solutions.
5G Security Market Segmentation Analysis - FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the 5G Security Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The 5G Security Market segmentation is enlisted below:
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
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
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
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
5G Security Market Competitive Landscape
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.
5G Security Industry News:
- 2023: Telefonaktiebolaget LM Ericsson, acquired another company ‘Cradlepoint’, to expand their product portfolio & strengthen their cloud-based security solutions.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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