Global 5G Security Market Report, Industry Analysis and Forecast to 2029

The global 5G security market was valued at USD 1.2 billion in 2021 and is projected to reach USD 14.9 billion in 2029, at a Compound Annual Growth Rate (CAGR) of 35.5% during the forecast period 2022-2029.

5G wireless communications signifies a new era of network connectivity which further alters the many aspects of business & daily lives. The shift from 3G to 4G, 4G to 5G this provides substantial growth in bandwidth & in upload/download rates, as well as astounding decrease in latency. Together these advancements will not only increase technical capacity.

Through the integration of the physical & digital worlds and the enormous growth in all kinds of commercial & personal data, the 5G revolution will enhance the ‘attack surface’ for cyber-attacks such as sabotage & espionage by skilled experts.

Global 5G Security Market Overview

5G enables new application & use cases, security is a crucial issue for the mobile communications industry. Security is still viewed by the mobile communications sector as a crucial tenet for each new generation of technology. As a security measure, instruments & standard advance & the 5G ecosystem expands to incorporate the virtualized & the cloud-based Radio Access Network, 5G security keeps becoming better (RAN).

5G Security Market Dynamics

Rising attacks on critical infrastructure and adoption of fifth-generation technology, hackers are targeting IoT devices & taking advantages of known vulnerabilities, such as those related to default username, backdoor in the rise. Nowadays, all verticals are adopting automation with the integration of IoT & high-speed networks. The growth of vulnerability of critical systems is now the prime concern of all governments.

Furthermore, owing to the adoption of fifth generation technology. This is expected to attracts customers, business users, & mobile network operators under one platform. This establishes an interdependent relationship for digitalized & automated business processes of enterprises, control & operations of the machinery of companies.

However, delay in standardization of spectrum allocation. To develop 5G infrastructure, accessing these high frequency spectra is crucial. As it’s already allocated for different applications, there is conflict in accessing these frequency bands.

5G Security Market Report Outlook

The 5G security market report focuses on different aspects regarding component of 5G security, and across the region used for in IT sector. The research analyses the different types, and vehicle types of the product in order to obtain a better understanding regarding the growth and trends of the market since 2019 which also facilitates the estimation of the upcoming growth of the market in the next 7 years.

5G Security Market Competitive Landscape

The report also holds competitive analysis which can be used to differentiate different types of products; technologies used in manufacturing the products; prices; innovation in R&D; organic and inorganic growth strategies; financial analysis to determine the revenue generation and other key aspects of the finance; new partnership, joint ventures, collaborations, and acquisitions; market share of the top competitors in the market; and understand the growth strategies being undertaken by these major players to analyse the future market trends.

In October 2021, Singtel a renowned communications technology company in Singapore, collaborated with Ericsson.

Other major players holding prominent share in the 5G security market include Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), and Spirent (US) among the others. There are several regional and local players in this market across the globe which are contributing towards the revenue growth of the market and thus expected to flourish with new launches and expansion in the upcoming years.

5G Security Market Regional Analysis

The market synopsis will also cover the regional dynamics and growth prospects which would include regions- North America, Asia Pacific, Europe, Latin America, Middle East and Africa. These regions will be analysed per countries on the basis of market drivers, restraints, opportunities, and trends to get a closer view of the market studied.

Asia Pacific is dominating the market currently, & is expected to witness a stellar growth globally owing to enormous lucrative opportunities provided by surging digitalization & cloud computing services, along with an increasing focus on customer privacy laws & expanding e-commerce sector. Thus, over the past few years APAC businesses have rapidly digitalized, which has sometimes resulted in straining cloud networks & data centers.

Additionally, the region is the largest contributor to the total number of mobile subscribers across the globe, will add more subscribers to its network in the coming years. Therefore, Asia-Pacific is expected to dominate the leading technologies such as 5G, edge computing, blockchain & 5G security. Scrutinizing these factors for the countries are expected to enhance the value chain of the 5G Security market and aid us with better insights about the same.

5G Security Market In-depth Analysis Aspects

To mention certain other aspects which will include the Porter Five Forces, Pricing analysis, PESTEL Analysis, Export-Import data, and Industry Value Chain will also bind the analysis of the report.

Research Methodology

The study period of the market is considered to be 10 years (2019-2029) which will be analysed through the two major research techniques – Primary and Secondary Research methods. The primary research method includes the interviews of the key personnel in the industry considered as the industry experts, major distributors, suppliers, and consumer base sample survey to understand the direct perspective of the market. Additionally, these data are backed by the secondary research method which includes company overview through websites, annual reports, SEC filings, investor presentations, news, and databases. The growth trends are always measured on the basis of current and past scenarios considering any recent news which can drastically impact the growth rate of the market studied. Moreover, the consumption forecast depends on the company’s upcoming plans and revenue generation aspects.

Benefits of The Report

• The report is designed to understand the past, present and future market scenarios considering all the growth, restraining, and other factors influencing the market studied.
• The report is designed with the assistance of the industry experts for better understanding on the market studied
• The market is analysed with in-depth study of the company’s view on the market considering the present economical, political, social, geographical, and legal factors.
• To gain a clear insight for better future perspective of the market studied in 360-degree synopsis.
• Understand the competition in the market being a part of the market or a new entrant in the market.
• Analyse the different aspects in different geographies influencing the growth of the market through diverse consumer base.