According to MarkNtel Advisors study 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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Key Findings of the Study: 5G Security market

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.

Global 5G Security Market Challenge:

Complex Network Architecture and Integration Restraining the Adoption of 5G Network Security Solutions – 5G networks consist of numerous components, including core networks, Radio Access Networks (RANs), edge computing nodes, and IoT devices, making the network highly complex & decentralized. As a result, the amalgamation of security solutions within the 5G network is highly complicated & challenging for end-users.

In addition, end-users often source equipment and software from multiple vendors, leading to vendor diversity in their networks. Amalgamation of security solutions across this diverse vendor landscape is complex and requires custom integration efforts. Further, each component in the 5G network has unique security requirements, making it challenging for the security solution providers to develop a one-size-fits-all security approach. Therefore, the extensive components and vendor diversity delay the adoption of 5G security solutions, as organizations need more time and resources to navigate and overcome these complexities.

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Scope of the Report and 5G Security Market Segmentation:

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

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

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.

5G Security Market Competitive Landscape

  • 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 (Blackberry Limited, McAfee, etc.)

5G Security Market 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.

Geographical Analysis:

By Region

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

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