Dublin, May 31, 2023 (GLOBE NEWSWIRE) — The “5G Security Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global 5G security market is expected to grow from $7.04 billion in 2022 to $8.26 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The 5G security market is expected to grow to $15.78 billion in 2027 at a CAGR of 17.6%.
Major players in the 5G security market are Telefonaktiebolaget LM Ericsson, Palo Alto Networks Inc., Cisco Systems Inc., Allot Ltd., Huawei Technologies Co. Ltd., A10 Networks, Nokia Networks, F5 Networks Inc., Juniper Networks Inc., Spirent Communications, Fortinet, Mobileum Inc., Trend Micro Inc., Radware Inc., Riscure, G+D Mobile Security, China Mobile Ltd., Cloudflare Inc., DigitCert Inc., and Infineon Technologies AG.
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5G security refers to security controls that handle multiple dangers, such as increased subscriber identity protection with new mutual authentication capabilities and extra security procedures. 5G security has designed to address threats faced in today’s 4G/3G/2G networks.
The main components of 5G security are solutions and services. Solutions refer to securing interconnections between 5G networks and secure interoperability services (backward and forward compatibility), and also the connections on different 5G slices, thus ensuring the QoS and QoE are maintained. The organization size is large enterprises and SMEs. The deployment types are on-premises and cloud. The various applications involved are virtual and augmented reality, connected automotive, smart manufacturing, smart cities and others, which are used in verticals such as manufacturing, healthcare, retail, automotive and transportation, BFSI and others.
Technological advancements are a key trend gaining popularity in the 5G security Major companies operating in the 5G security market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Palo Alto Networks, a US-based company operating in 5G security launched Cortex XSIAM, the first AI-powered SOC platform deployed by security organizations.
This will transform security operations by enabling organizations to build an intelligent data foundation and also detects emerging threats across the entire security infrastructure. This collects granular data and alerts to drive machine learning for natively autonomous response actions for the detection of highly sophisticated, emerging threats.
In February 2021, Keysight Technologies, Inc. US-based company which optimizes networks and brings electronic products to market acquired Sanjole for an undisclosed amount. With this acquisition, Keysight Technologies Inc. is expected to deliver a comprehensive, innovative 5G solutions portfolio at the forefront of advancing communications technology. Sanjole is a US-based company operating in 5G security.
North America was the largest region in the 5G security market in 2022. The regions covered in the 5G security report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the 5G security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increasing cyber-attacks are expected to propel the growth of the 5G security market going forward. A cyber attack refers to an attack made against a single computer, a network, or many systems by hackers using one or more computers. 5G security provides security and privacy benefits, such as spoofing and anti-tracking measures, as a result, increasing cyber-attacks increase the demand for the 5G security market.
The 5G security market includes revenues earned by entities by providing improved cryptography, enhanced secure roaming, malware protection, virus and threat protection services.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 – 2027 |
| Estimated Market Value (USD) in 2023 | $8.26 billion |
| Forecasted Market Value (USD) by 2027 | $15.78 billion |
| Compound Annual Growth Rate | 17.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. 5G Security Market Characteristics
3. 5G Security Market Trends And Strategies
4. 5G Security Market – Macro Economic Scenario
4.1. COVID-19 Impact On 5G Security Market
4.2. Ukraine-Russia War Impact On 5G Security Market
4.3. Impact Of High Inflation On 5G Security Market
5. 5G Security Market Size And Growth
5.1. Global 5G Security Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global 5G Security Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. 5G Security Market Segmentation
6.1. Global 5G Security Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.2. Global 5G Security Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.3. Global 5G Security Market, Segmentation By Deployment Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.4. Global 5G Security Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Virtual and Augmented Reality
- Connected Automotive
- Smart Manufacturing
- Smart Cities
- Other Applications
6.5. Global 5G Security Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Manufacturing
- Healthcare
- Retail
- Automotive and Transportation
- BFSI
- Other Industry Verticals
7. 5G Security Market Regional And Country Analysis
7.1. Global 5G Security Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global 5G Security Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/yj89av
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