ID: MRFR/ICT/8972-HCR | March 2021 | Region: Global | 141 pages
Although second-and third-generation mobile networks, including the GSM (Global System for Mobile Communications) and UMTS (Universal Mobile Telecommunications System), will continue to be widely used in many regions of the world, and the emergence of the fourth generation, generally referred to as LTE (Long Term Evolution), continues to expand dramatically, there seems to be no dispute that work on the fifth generation, 5G, has gained much traction. 5G creates new cybersecurity considerations. 5G security is offering a new collection of visibility and control elements to help operators secure their networks, corporate partners and customers. 5G security design is an all-encompassing design that provides security protection to the all-encompassing world. The mobile wireless industry's enduring focus on security has become a significant market distinguishing factor over many other wireless technologies and security mechanisms that are fundamentally more fragile. With 5G, mobile brings this security focus to another dimension with a wide range of new, innovative protections. Increasing security concerns in the 5G network, demand for fast network connections is increasing rapidly for establishing real-time and quick connections between connected devices and increasing attacks on critical infrastructure are some major factors expected to create significant opportunities for players operating in the market during the forecast period
Global 5G Security Market size is expected to expand at 44.25% CAGR over the forecast period (2020-2026), asserts Market Research Future (MRFR) in its latest report. It is expected to exceed a valuation of USD 5,201.4 Billion by 2026
Impact of COVID-19
The 5G Security market has been significantly affected by the escalating COVID-19 situation across the world. When the COVID-19 pandemic engulfed the globe, placing huge challenge for healthcare systems and countries across the world, the need for connectivity has suddenly shifted. The response to COVID-19 greatly influenced networking patterns, the utilization of mobile technology cases and the potential for 5G rollout and implementation. Several governmental and nongovernmental organizations have permitted their employees to work from home in a lockdown that has created a constructive ability to consistently monitor network security as employees are linked remotely. People have resided at home and isolated to prevent contracting and transmitting the virus, there has been increased dependency on virtual networking leading to a sharp rise in remote employment and people performing their regular Internet transactions. Businesses are gradually adopting 5G security technologies to handle security threats in a modern home-based environment.
The key players in the global 5G security market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include A10 Networks ( US ), Akamai ( US ), Allot ( Israel ), AT&T ( US ), Avast ( Czech Republic ), Check Point ( US ), Cisco ( US ), Clavister ( Sweden ), Colt Technology ( UK ), Ericsson ( Sweden ), F5 Networks ( US ), ForgeRock ( US ), Fortinet ( US ), G+D Mobile Security ( Germany ), Huawei ( China ), Juniper Networks ( US ), Mobileum ( US ), Nokia ( Finland ), Palo Alto Networks ( US ), Positive Technologies ( UK ), Radware ( Israel ), Riscure ( The Netherlands ), Spirent ( US ), Trend Micro ( Japan ), and ZTE ( China ). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations
The global 5G security market has been segmented based on components , network component security , architecture, end user, deployment type, vertical and region
Based on components, the 5G security market has been segmented into solutions and services.
Solution segmented is further bifurcated into next-generation firewall, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, sandboxing, others. Additionally, the other segment divided into network access control [NAC] and network vulnerability assessment and penetration testing [VAPT]. Furthermore, the services segment is divided into consulting, implementation, support and maintenance.
Based on network component security, the 5G security market has been segmented into RAN Security and Core Security.
Based on architecture, the 5G security market has been segmented into 5G NR non-standalone and 5G NR standalone.
Based on end user, the 5G security market has been segmented into telecom operators and enterprises.
Based on deployment type, the 5G security market has been segmented into cloud and on-premises.
Based on vertical, the 5G security market has been segmented into manufacturing, healthcare, energy and utilities, retail, automotive and transportation, public safety, media and entertainment, others. The other segment is further bifurcated into BFSI, agriculture, and education
The global 5G security market has been analysed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
The global 5G security market is estimated to register robust CAGR over the forecast period. The geographic analysis of the global 5G security market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
North America is expected to be the dominating region in terms of the surging demand for 5G security for implementing 5G networks. The North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period.
The 5G security market in Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the growing investments in telecommunication infrastructure and digital transformation in China, Japan, and India.
Global 5G Security Market, 2018–2026 (USD Billion)
Source: MRFR Analysis
Key Questions Addressed by the Report
|Market Size||USD 5,201.4 Billion (2026)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Components, By Network, By End-user, By Vertical|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||A10 Networks ( US ), Akamai ( US ), Allot ( Israel ), AT&T ( US ), Avast ( Czech Republic ), Check Point ( US ), Cisco ( US ), Clavister ( Sweden ), Colt Technology ( UK ), Ericsson ( Sweden ), F5 Networks ( US ), ForgeRock ( US ), Fortinet ( US ), G+D Mobile Security ( Germany ), Huawei ( China ), Juniper Networks ( US ), Mobileum ( US ), Nokia ( Finland ), Palo Alto Networks ( US ), Positive Technologies ( UK ), Radware ( Israel ), Riscure ( The Netherlands ), Spirent ( US ), Trend Micro ( Japan ), and ZTE ( China )|
|Key Market Opportunities||
|Key Market Drivers||