5G Security Market on Track for 39.25% CAGR Growth | Demand & Technological Trends

MarkNtel Advisors recently published a detailed industry analysis of the Global 5G Security Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global 5G Security Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

Key Findings in Global 5G Security Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- 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,

Key Highlights of the Report

• 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

What are the major Driver the Global 5G Security industry?

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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What segments define the Global 5G Security Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, Cloud deployment is highly preferred in the 5G network security market for several compelling reasons like scalability, flexibility, cost-efficiency, rapid deployment, and centralized management.

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

According to report, 5G network security solutions are critically important in Virtual Reality (VR) and Augmented Reality (AR) environments due to several reasons like data privacy, low latency requirement, content integrity, device security, and network resilience. 

Explore the Complete Global 5G Security Market Analysis Report – https://www.marknteladvisors.com/research-library/5g-security-market.html

Geographical Analysis: Global 5G Security Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

  Global 5G Security Market Recent Development:

• 2023: Telefonaktiebolaget LM Ericsson, acquired another company ‘Cradlepoint’, to expand their product portfolio & strengthen their cloud-based security solutions.
• 2023: Palo Alto Networks, partnered with LTTS to provide enterprises with security services and solutions in 5G and Operational Technology (OT) areas.

Key Questions Addressed in This Study

·        What are the primary factors driving the growth of the Global 5G Security Market?

·        How is the Global 5G Security Market expected to evolve over the next five years?

·        What key insights can be drawn from current trends shaping the market?

·        What is the current market size, and how is it forecasted to change in the coming years?

·        What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Our specialization in niche industries 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.

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