5G Security Market Growth Drivers, and Competitive Landscape

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.

5G Security Market Overview

MarkNtel Advisors Research’s comprehensive study of the 5G Security Market includes detailed geographical insights and a thorough analysis of the competitive landscape. This report offers essential information for companies and investors aiming to leverage the market’s significant potential for growth.

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5G Security Market Scope and Methodology

The market study of 5G Security employs a thorough and comprehensive approach, utilizing both primary and secondary data sources. Quantitative tools are employed to estimate market size, growth rates, and trends, while qualitative methods explore consumer preferences, competitive landscape, and regulatory influences. SWOT analysis and Porter’s Five Forces model are valuable for assessing market dynamics and competitive positioning. This holistic methodology delivers precise insights into the nuances of the 5G Security industry, offering a robust foundation for strategic planning and informed decision-making.

Driving Innovation: Exploring the 5G Security Market and its Market Dynamics

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.

5G Security Market Segmentation

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

By Region

North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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5G Security Market Key Players

Telefonaktiebolaget LM Ericsson

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Palo Alto Networks

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Thales Group

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

A10 Networks Inc.

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Key questions answered in the 5G Security Market are:

  • What is 5G Security?
  • What was the 5G Security market size?
  • What are the different segments of the 5G Security Market?
  • What growth strategies are the players considering to increase their presence in 5G Security?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the 5G Security Market?
  • What major challenges could the 5G Security Market face in the future? 
  • What segments are covered in the 5G Security Market?
  • Who are the leading companies and what are their portfolios in 5G Security Market? 
  • What segments are covered in the 5G Security Market?
  • Who are the key players in the 5G Security market?
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