5G Security Market Size, Share, Market Growth 2030
5G Security Market size is expected to expand at 45.30% CAGR with a valuation of USD 15.3 Billion by 2030.
5G Security Market Overview
By 2030, the global 5G security market is anticipated to reach USD 15.3 Billion, growing at a CAGR of 45.30%. In order to provide a clearer picture of the future, Market Research Future (MRFR) has included the market's segmentation and dynamics in this study.
Components, Network Component Security, Architecture, End User, Deployment Type, Vertical, and Region are the market segments used to divide the global 5G security market.
The 5G security industry has been divided into solutions and services based on component types.
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The key players of 5G security market are as followw:
- A10 Networks ( US )
- Akamai ( US )
- Allot ( Israel )
- AT&T ( US )
- Avast ( Czech Republic )
- Check Point ( US )
- Cisco ( US )
- Clavister ( Sweden )
- Colt Technology ( UK )
- Ericsson ( Sweden )
- F5 Networks ( US )
- ForgeRock ( US )
- Fortinet ( US )
- G+D Mobile Security ( Germany )
- Huawei ( China )
- Juniper Networks ( US )
- Mobileum ( US )
- Nokia ( Finland )
- Palo Alto Networks ( US )
Latest trends in 5G security include:
- Increasing focus on 5G network security for enterprises, as shown by the establishment of Trend Micro's CTOne subsidiary to address this issue.
- Development of cybersecurity platforms for 5G and IoT security to protect end users and partners who use and deploy these technologies.
- Growing security concerns in 5G networks due to the expansion of the threat vector, caused by exposure of new connected industrial devices and increasing ransomware.
- Adoption of emerging technologies such as cloud and big data to enhance 5G security.
- Advancements and innovations in millimeter wave technology and other aspects of 5G network architecture to address security and privacy concerns.
Overall, these trends suggest that there continues to be a strong focus on increasing the security of 5G networks and related technologies, as these advancements become more widely adopted in the coming years.
5G Security Market Segmentation
Next-generation firewall, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, sandboxing, and others are subdivided into the solution partitioned further. Network access control (NAC) and network vulnerability assessment and penetration testing (VAPT) were separated into another sector. Consulting, implementation, support, and maintenance are other divisions of the services market.
The 5G security industry has been divided into RAN Security and Core Security based on the security of network components.
The 5G security market has been divided into 5G NR non-standalone and 5G NR standalone based on architecture.
The 5G security industry has been divided into telecom operators and businesses based on end users.
The 5G security industry has been divided into cloud and on-premises segments based on deployment type.
The 5G security industry has been divided into segments based on vertical
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North America, Europe, Asia-Pacific, the Middle East & Africa, and South America were the regions studied for the global 5G security market. The market in North America held the greatest market share in 2019 and is anticipated to grow rapidly over the next few years. During the projection period, the market in Asia-Pacific is anticipated to have the greatest CAGR. The rise in attacks on vital infrastructure across all sectors can be blamed for this expansion.
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