5G Security Market Is Anticipated To Grow At A 45.30% CAGR And Reach A Value Of USD 15.3 Billion By 2030

Market Research Future Insights:

There seems to be no disputing that work on the fifth generation, 5G Security Market, has gained much traction, even though second- and third-generation mobile networks, such as the GSM (System for Mobile Communications) and UMTS (Universal Mobile Telecommunications System), will continue to be widely used in many parts of the world and the fourth generation, generally referred to as LTE (Long Term Evolution), continues to emerge dramatically. New cybersecurity issues are brought about by 5G. Operators may safeguard their networks, business partners, and customers with the support of a new set of visibility and control components provided by 5G security. The all-encompassing nature of the 5G security design offers security protection to the entire world.

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 Report Scope:

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The persistent emphasis on security in the mobile wireless business has grown to be a key market differentiator compared to many other wireless technologies and security systems that are inherently more flimsy. Mobile expands on this security focus with a wide selection of fresh, cutting-edge defences in the 5G Security Market. During the forecast period, it is anticipated that growing security concerns in the 5G network, an increase in the demand for fast network connections for establishing real-time and quick connections between connected devices, and an increase in attacks on critical infrastructure will all present significant opportunities for market participants.

Regional Analysis:

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.

Market Segmentation:

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.

Next-generation firewalls, 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.

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The 5G security industry has been divided into RAN Security and Core Security based on the security of network components.

The 5G security 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 manufacturing, healthcare, energy and utilities, retail, automotive and transportation, public safety, media and entertainment, and other verticals make up the 5G security industry. Further division of the other section results in BFSI, agriculture, and education

North America, Europe, Asia-Pacific, the Middle East & Africa, and South America have all been considered in the analysis of the worldwide 5G security market.

Key Players:

The Key Players of the global 5G security market are 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 ), Positive Technologies ( UK ), Radware ( Israel ), Riscure ( The Netherlands ), Spirent ( US ), Trend Micro ( Japan ), and ZTE ( China ).

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