The global 5G security market size is projected to grow from USD 580 million in 2020 to USD 5,226 million by 2026, at a Compound Annual Growth Rate (CAGR) of 44.3% during the forecast period. The 5G security market is gaining traction due to rising security concerns in the 5G networks, increasing ransomware attacks on IoT devices, rising attacks on critical infrastructure, and increasing IoT connections paved way for mMTC with enhanced security requirement. However, high cost of 5G security solutions will restrain the adoption by SMEs.
Based on solution type, the DDoS protection solution segment is expected to grow with the fastest growth rate during the forecast period The DDoS protection segment is projected to grow with the most rapid growth rate in 2020 to 2026.Enterprises use DDoS protection and mitigation solutions and services for adaptive defense against DDoS attacks.
These attacks further affect the confidentiality, integrity, and availability of resources, which may result in billion-dollar losses for enterprises.
Enterprises segment to grow at the highest CAGR during the forecast period Enterprises are undergoing digital transformation across different industries. Businesses are in various stages of implementing new technologies to develop new solutions, improve service delivery, increase operational efficiency, reduce cost, gain competitive advantage, and meet rising customer expectations. 5G will soon make it into the list of technologies enterprise will consider, with standalone 5G solutions that will enable various new industrial applications, such as robotics, big data analytics, IIoT and AR/VR in engineering and design, as well as new ways to provide remote support and training. As a result, enterprises will need 5G security mechanism to secure the entire network, applications, and devices.
Asia Pacific (APAC) region to record the highest growth and also account for largest markety share in the 5G security market APAC region is set to dominate 5G, edge computing, blockchain, and 5G security technology, due to its size, diversity, and the strategic lead taken by countries, including Singapore, South Korea, China, Australia, and Japan.These countries have always supported and promoted industrial and technological growth.
Also, they possess a developed technological infrastructure, which is promoting the adoption of 5G security solutions across all industry verticals.Moreover, the region has become the center of attraction for major investments and business expansion opportunities.
Companies such as ZTE (China), Samsung (South Korea), and Huawei (China) are heavily investing in the upcoming 5G technology and are initiating field trials together with some of the leading mobile service carriers, such as China Telecom (China), KT (South Korea), SK Telecom (South Korea), China Mobile (China), SoftBank (Japan), and China Unicom (China). • By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15% • By Designation: C-level – 38%, Directors – 30%, and Others – 32% • By Region: North America – 40%, Europe – 15%, APAC – 35%, and Rest of the World (RoW)– 10%
This research study outlines the market potential, market dynamics, and major vendors operating in the 5G security market. Key and innovative vendors in the 5G security market include 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).
Research coverage The market study covers the 5G security market across different segments.It aims at estimating the market size and the growth potential of this market across different segments based on component (solutions and services), network component security, architecture, end user, deployment type, vertical, and region.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall 5G security market and its segments.This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.
The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The global 5G IoT market size is projected to grow from USD 2.6 billion in 2021 to USD 40.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 73.0% during the forecast period. The growth of this market can be attributed to the growing demand for new emerging use cases, such as smart grid, telemedicine, connected cars, and industrial...
The global 5G Services market size is expected to grow from USD 53.0 billion in 2020 to USD 249.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period. The transformation to the 5G ecosystem is expected to witness 3–4 times faster growth rate than other connectivity transformations. This is primarily...
The global virtualized evolved packet core (vepc) market size is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. The vEPC market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds...
The 5G enterprise market is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%. A few major factors driving the growth of this market are the emergence of Industry 4.0 paving the way for mMTC, the development of smart infrastructure, and the delivery of differentiated 5G services using network slicing...
The 5G Industrial IOT market size is projected to grow from USD 0.5 billion in 2020 to USD 15.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 79.1% during the forecast period. The major factors driving the growth of the 5G Industrial IOT market include growth in data traffic due to increasing number of IoT devices across manufacturing...
167 pages •
By Paul Budde Communication Pty Ltd
• Mar 2021
South Pacific Islands benefiting from improved international telecoms infrastructure The demand for data-based services in the Pacific region is growing, aligning with similar trends around the world. In particular, the demand for mobile broadband is increasing due to mobile services being the primary and most...
The global network slicing market size is projected to grow from USD 161 million in 2020 to USD 1,284 million by 2025, at a Compound Annual Growth Rate (CAGR) of 51.5% during the forecast period. The network slicing market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower...
The gaming industry is expected to register a CAGR of 12% during the forecast period (2021 - 2026). The most recent trend is the growing availability and popularity of multi-functional gaming console, which is emerging in the market and helping in growing the market of video games in the region. - The African region is one of the regions...
The 5G connections market has been growing at a CAGR of 28% during the forecast period (2021-2026). 5G will transform the future, and companies have already spent billions to set up their networks and to fund new technologies that can use it. Some companies like T-Mobile are claiming to have successfully managed to pull off 5G on the old 4G...
The global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period. The 5G core market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The 5G...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.