5G Security Market Is Expected Significant Growth in the Near Future

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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According to the latest market research report title “5G Security Market By Component (Solution [Next gen firewall, Antivirus/Antimalware, Security Gateway, Distributed Denial of Service Protection {DDoS}, Sandboxing, Others], Services [Consulting & Advisory Services, Managed Services, Others]), By Deployment (Cloud, On-Premise), By Architecture (Radio Access Network [RAN], Mobile Core Security), By End-Users (IT & Telecom, Banking, Financial Services, and Insurance [BFSI], Retail & E-Commerce, Media & Entertainment, Others), By Organization Size (Small & Medium, Large), By Application (Virtual & Augmented Reality, Networked-Enabled Robotic and Autonomous Systems, Distributed Sensing and Communications, Connected Automotive, Smart Cities, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2030″, published by MarkNtel Advisors, 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.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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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

The 5G Security Market is highly robust and fragmented into numerous segments;

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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Key Players Operating in the 5G Security Market: –

elefonaktiebolaget 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

Key Questions Answered:

What is the projected CAGR of the 5G Security Market during the forecast period?
Which segment is expected to lead the 5G Security Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.