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5G Security Market Report 2024: Growth, Trends, Analysis, Demand, Forecast 2033
5G Security Market Report
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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