5G Security Market Size, Insights, Outlook, Overview AndMarket Research Report 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

5G Security Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $5.17 billion In 2028 At A CAGR Of 19.0% :

The 5g security market size has grown rapidly in recent years. It will grow from $8.34 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to identity and access management emphasis, virtualization and cloud-native infrastructure, zero trust security models, shift to edge computing.

The 5g security market size is expected to see rapid growth in the next few years. It will grow to $19.05 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to rapid 5g network expansion, growing iot integration, escalating cyber threats, regulatory emphasis on security, edge computing security demands. Major trends in the forecast period include development of identity and access management solutions, virtualization and cloud security, ai and ml-powered threat detection, zero trust security models, edge computing security.

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5G Security Market Major Segments
The 5g security market covered in this report is segmented -

1) By Components: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Virtual and Augmented Reality, Connected Automotive, Smart Manufacturing, Smart Cities, Other Applications
5) By Industry Vertical: Manufacturing, Healthcare, Reatil, Automotive and Transportation, BFSI, Other Industry Verticals

Key Driver - Cybersecurity Concerns Fuel Growth Of 5G Security Market

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. For instance, in 2021, according to the Federal Bureau of Investigation's Internet Crime Report, a US-based federal agency for investigating cyber-attacks and intrusions, in the USA, complaints registered under cybercrimes reached a total of 84.73k cases, showing an increase of 7% from 2020. Therefore, the increasing cyber-attacks are driving the growth of the 5G security market.

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Prominent Trend - AI-Powered Solutions Revolutionize 5G Security Landscape

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 detect 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.

5G Security Market Players
Major companies operating in the 5g security market report 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 plc, Fortinet Inc., Mobileum Inc., Trend Micro Inc., Radware Inc., Riscure B.V., G+D Mobile Security, China Mobile Ltd., Cloudflare Inc., DigitCert Inc., Infineon Technologies AG, ZTE Corporation, Akamai Technologies Inc., Colt Technology Services Group Limited, CLAVISTER, AT&T Inc., Avast Software s.r.o., Check Point Software Technologies Ltd., ForgeRock Inc., Positive Technologies, Thales Group, Symantec Enterprise, McAfee Corp.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the 5G security market in 2023. The regions covered in the 5g security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. 5G Security Market Report Structure
3. 5G Security Market Trends And Strategies
4. 5G Security Market - Macro Economic Scenario
5. 5G Security Market Size And Growth
…..
27. 5G Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. AppendiX

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