Press release
Steady Expansion Forecast for 5G Security Market, Projected to Reach $22.82 Billion by 2029
5G Security
5G Security Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the 5G security market has seen quick expansion recently. It's forecasted to increase from $9.65 billion in 2024 to $11.29 billion in 2025, with a compound annual growth rate (CAGR) of 17.0%. Factors contributing to this growth in the historical period comprise of a focus on identity and access management, the rise of virtualization and cloud-native infrastructure, implementation of zero trust security models, and a movement toward edge computing.
5G Security Market Size Forecast: What's the Projected Valuation by 2029?
Rapid expansion is anticipated in the 5G security market size in the upcoming years, propelling it to $22.83 billion by 2029 with a CAGR of 19.2%. Factors influencing this growth trajectory in the forecasted period include speedy expansion of the 5G network, increased incorporation of IoT, heightened cyber threats, emphasis on security measures by regulatory bodies, and enhanced security requirements for edge computing. Key trends shaping the forecast period encompass the creation of identity and access management solutions, the convergence of virtualization and cloud security, the application of AI and ML for threat detection, the adoption of zero trust security models, and fortified edge computing security.
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What Are the Drivers Transforming the 5G Security Market?
The surge in cyber-attacks is predicted to fuel the expansion of the 5G security market. Cyber-attacks, which can target a single computer, a network, or multiple systems via one or more invading computers, necessitates robust security measures. 5G security offers such protections, including spoofing and anti-tracking features thus, as cyber-attacks grow, so does demand for 5G security. For example, in April 2023, the UK Government information website reported that the Cyber Security Breaches Survey, held in winter 2022/23, disclosed that UK businesses suffered approximately 2.39 million cybersecurity incidents, alongside nearly 49,000 fraud cases linked to cybercrime in the previous year. Moreover, charities reported roughly 785,000 instances of cybercrime in the same duration. Hence, the escalating number of cyber-attacks is propelling the 5G security market's growth.
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What Long-Term Trends Will Define the Future of the 5G Security Market?
The trend of technological progress is becoming increasingly prevalent in the 5G security sector. Major players in the 5G security market are concentrating on creating innovative technological solutions to solidify their standing. For example, Palo Alto Networks, a company based in the United States that is active in the 5G security field, introduced Cortex XSIAM in February 2022. This is the first AI-powered SOC platform used by security organizations. It revolutionizes security operations by allowing businesses to create an intelligent data base and identify emerging threats throughout the entire security infrastructure. It gathers detailed data and alerts, which fuel machine learning to autonomously respond to the detection of highly sophisticated, emerging threats.
Which Segments in the 5G Security Market Offer the Most Profit Potential?
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, Retail, Automotive And Transportation, BFSI, Other Industry Verticals
Subsegments:
1) By Solutions: Security Software, Encryption Solutions, Authentication And Access Control Solutions, Security Information And Event Management (SIEM) Solutions
2) By Services: Consulting Services, Managed Security Services, Integration And Deployment Services, Training And Support Services
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Which Firms Dominate the 5G Security Market by Market Share and Revenue in 2025?
Major companies operating 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 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.
Which Regions Offer the Highest Growth Potential in the 5G Security Market?
North America was the largest region in the 5G security market in 2024. The regions covered in the 5G security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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