As per MRFR analysis, the South Korea 5G Security Market Size was estimated at 50 (USD Million) in 2023.The South Korea 5G Security Market is expected to grow from 71.25(USD Million) in 2024 to 300 (USD Million) by 2035. The South Korea 5G Security Market CAGR (growth rate) is expected to be around 13.961% during the forecast period (2025 - 2035).
Key South Korea 5G Security Market Trends Highlighted
The 5G security industry in South Korea is expanding significantly as a result of a number of important market factors. The growing use of 5G networks in a number of industries, such as manufacturing, healthcare, and smart cities, is one of the main drivers.
In an effort to establish South Korea as a world leader in telecommunications, the government has made significant investments in developing its 5G infrastructure. The need for strong security solutions to safeguard private information sent over these fast networks is being driven by this investment.
The increasing demand for improved security in IoT devices presents market opportunities, especially as South Korea's smart technology projects continue to increase. Businesses and consumers alike are growing more concerned about cybersecurity risks as more gadgets join the 5G network.
As a result, there is a high need for cutting-edge security solutions to meet the particular difficulties of the 5G environment. A greater understanding of the cybersecurity risks connected to 5G technology is reflected in recent trends.
Businesses in South Korea are moving toward implementing all-encompassing security frameworks that use cutting-edge technology like artificial intelligence and machine learning. In order to improve cybersecurity, there is also a strong drive to work with international partners.
To aid in the creation and implementation of efficient security solutions, the government is also encouraging public-private collaborations. In South Korea's rapidly expanding 5G industry, the emphasis on legal frameworks and compliance fuels the desire for better cybersecurity standards as the 5G landscape continues to change.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
South Korea 5G Security Market Drivers
Increasing Cybersecurity Threats in South Korea
The surge in the number of cyberattacks poses a significant driver for the South Korea 5G Security Market. According to the South Korean government’s Cyber Security Protection Agency, the nation experienced a 34% increase in cyber incidents in the last year, with over 1,500 cyberattacks reported against critical infrastructure sectors.
Organizations such as the Korea Internet & Security Agency are actively promoting security solutions to mitigate these risks. The rise in incidents necessitates advanced security protocols as 5G technology is rolled out, making it imperative for businesses to invest in security solutions to safeguard sensitive data and ensure compliance with government regulations.
Government Initiatives and Policies Supporting 5G Development
The South Korean government is heavily invested in the 5G infrastructure rollout, which includes enhanced security measures. The Ministry of Science and ICT announced a comprehensive strategy in 2022 to boost the nation's cybersecurity framework, which includes an investment of approximately USD 1.9 billion over five years for R&D initiatives focused on securing 5G networks.
This investment not only aims to bolster national security but also encourages private sector involvement in the South Korea 5G Security Market, as companies seek to align their services with government initiatives and gain access to funding grants.
Growing Demand for IoT Devices and Connectivity
With the number of Internet of Things (IoT) devices anticipated to surpass 15 billion by 2025 in South Korea, the need for robust security solutions in the South Korea 5G Security Market is increasing exponentially. Reports from the Ministry of the Interior and Safety project that IoT device penetration will lead to new vulnerabilities requiring advanced security protocols to protect user data.
Major technology firms, such as Samsung and LG, are investing in security measures for connected devices, thereby driving future growth opportunities in the 5G security segment as consumer confidence in connected technology is directly tied to security assurances.
South Korea 5G Security Market Segment Insights
5G Security Market Verticals Type Insights
The South Korea 5G Security Market, segmented by Verticals Type, reveals diverse applications that are instrumental in driving digital transformation across various sectors. The Manufacturing sector increasingly relies on robust 5G security solutions to optimize operations, enhance supply chain integrity, and protect sensitive data from cyber threats.
As the nation emphasizes smart factory initiatives, secure communication networks are vital for real-time monitoring and automation, rendering this vertical significant in the market landscape.
In the Healthcare vertical, the integration of 5G technology facilitates advanced telemedicine, remote surgeries, and wearable health devices, necessitating strong security measures to ensure patient privacy and data integrity. This trend showcases the critical role of 5G security solutions in managing sensitive health information amidst growing cyber threats.
The Retail sector also presents opportunities with the escalation of online shopping and digital payment systems, where secure customer data handling and transaction privacy are paramount. 5G security applications can help mitigate risks linked to fraudulent transactions, enhancing consumer trust and driving sales.
The Automotive and Transportation sector is evolving rapidly with the rise of connected vehicles and smart transportation systems, which rely heavily on secure communication networks to prevent potential cyberattacks.
Enforcing stringent security measures in this sector is crucial, as connected automotive facilities must safeguard data exchanged among vehicles, infrastructure, and cloud systems. Public Safety is another critical vertical, as authorities leverage 5G technology for enhanced communication, surveillance, and emergency response systems.
Enhanced security measures in this field can ensure that public safety communications remain confidential and reliable, especially in crisis situations. Lastly, the Others segment encompasses various industries adopting 5G technology for specialized applications, each requiring unique security solutions.
Collectively, these sectors signify not just the diverse applicability of the South Korea 5G Security Market but also illustrate the growing emphasis on advanced security protocols in an increasingly digital and interconnected environment.
Together, these insights highlight the key drivers, like the ongoing digital transformation and rising security challenges, contributing to the segments' relevance and importance within the broader South Korea 5G Security Market landscape.
The convergence of these trends underscores the dynamic nature of the market and the opportunities it presents for stakeholders aiming to enhance security frameworks across various verticals.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
5G Security Market Component Type Insights
The South Korea 5G Security Market is shaping into a vital component of the nation's technology landscape, driven by increasing demands for enhanced security frameworks in the fast-evolving telecom sector.
In this context, the Component Type segment reflects a diverse ecosystem, predominantly comprising Solutions and Services that cater to different security needs. Solutions in this market focus on implementing robust security protocols to mitigate risks associated with data breaches and cyber threats, which are increasingly common with the rollout of 5G technology.
Similarly, Services, including consulting, integration, and support, play a crucial role in ensuring that organizations effectively deploy these security measures. The increasing reliance on IoT devices and the digital transformation of industries in South Korea further highlight the demand for reliable security mechanisms.
This growth is backed by government initiatives emphasizing digital security in critical infrastructure, marking a significant shift towards more secure communication channels.
As the 5G infrastructure matures, the Component Type segment is set to play an essential role in maintaining the integrity and safety of telecommunications, addressing evolving challenges in real-time and offering substantial opportunities for innovation and market expansion.
5G Security Market Deployment Insights
The Deployment segment of the South Korea 5G Security Market is pivotal in ensuring robust security infrastructures as the demand for secure communications intensifies. Cloud and On-Premises deployments are essential in this landscape, catering to various requirements of enterprises and government agencies that aim to safeguard critical data and network functionalities.
Cloud deployments offer scalability and flexibility, allowing organizations to adapt to rapid changes in security threats and technological advancements, which is vital in a dynamically evolving market such as South Korea's.
Conversely, On-Premises solutions provide enhanced control over security measures, appealing to organizations with stringent regulatory compliance needs. This segment strategically supports the overall growth trajectory of the South Korea 5G Security Market, driven by increasing security concerns, a surge in cyber threats, and a heightened focus on digital transformation initiatives.
As businesses and public sectors advance their 5G infrastructure, the demand for effective deployment strategies in both cloud-based and on-premises formats is expected to shape market trends, making it a significant focus area in the coming years.
South Korea 5G Security Market Key Players and Competitive Insights
The South Korea 5G Security Market is rapidly evolving, characterized by heightened competition among various technology firms aiming to enhance network security and safeguard data integrity within a high-speed telecommunications infrastructure.
The increasing reliance on 5G technology across multiple sectors, including telecommunications, automotive, healthcare, and finance, has spurred the demand for advanced security measures. Companies are striving to develop innovative solutions that address potential vulnerabilities and protect against cyber threats while complying with regulatory standards.
As a result, firms are investing significantly in research and development to deliver comprehensive security frameworks that can mitigate risks associated with 5G technology. This competitive landscape is influenced by strategic partnerships, mergers and acquisitions, and a strong emphasis on customer-centric product offerings to establish a sustainable market presence.
SK Telecom stands out as a formidable player in the South Korea 5G Security Market. The company is well-known for its commitment to digital innovation and has been actively involved in developing a wide range of security solutions tailored for 5G networks.
SK Telecom's strengths lie in its extensive customer base, strategic partnerships, and a continuous focus on research and development to enhance its offerings. Its key products and services in the realm of 5G security include advanced threat detection systems, firewall protections, and comprehensive security management platforms that leverage artificial intelligence and machine learning.
The company has also engaged in mergers and acquisitions to bolster its technological capabilities and expand its product portfolio. This strategic positioning has allowed SK Telecom to maintain a strong market presence while contributing to South Korea’s leadership in 5G technology advancements, and its proactive approach to securing the 5G infrastructure further solidifies its competitive edge in the market.
Key Companies in the South Korea 5G Security Market Include
South Korea 5G Security Market Developments
The South Korea 5G Security Market has seen significant developments recently, with major players like SK Telecom and LG Uplus enhancing their security measures to protect against rising cyber threats associated with 5G technology.
In October 2023, SK Telecom announced a strategic collaboration with Palo Alto Networks to improve its network security capabilities, reflecting the growing emphasis on safeguarding 5G infrastructures. Similarly, in July 2023, Cisco Systems introduced innovative security solutions tailored for the 5G environment, showcasing its commitment to addressing security vulnerabilities.
There has also been notable consolidation in the market; for instance, in September 2023, Ericsson and KT Corporation revealed their intent to explore partnerships aimed at enhancing security in 5G networks. Moreover, growth in the valuation of companies like Samsung Electronics and Nokia is influencing the market landscape as demand for advanced security solutions increases.
Over the last few years, significant progress in 2019 saw South Korea launching the world’s first commercial 5G network, spotlighting the urgent need for robust security measures to protect sensitive information as the technology continues to expand quickly across various sectors.
South Korea 5G Security Market Segmentation Insights
5G Security Market Verticals Type Outlook
5G Security Market Component Type Outlook
5G Security Market Deployment Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 50.0(USD Million) |
| MARKET SIZE 2024 | 71.25(USD Million) |
| MARKET SIZE 2035 | 300.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.961% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | ZTE Corporation, SK Telecom, Cisco Systems, Palo Alto Networks, FireEye, Check Point Software Technologies, LG Uplus, Nokia, McAfee, Samsung Electronics, Ericsson, CrowdStrike, Huawei Technologies, KT Corporation, VMware |
| SEGMENTS COVERED | Verticals Type, Component Type, Deployment |
| KEY MARKET OPPORTUNITIES | Increased demand for secure IoT, Government cybersecurity initiatives, Expansion of 5G infrastructure, Rising cyber threats and vulnerabilities, Enhanced data privacy regulations |
| KEY MARKET DYNAMICS | growing cybersecurity threats, increasing mobile network adoption, government regulatory compliance, enhanced encryption technologies, rising demand for secure IoT |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea 5G Security Market is expected to be valued at 71.25 million USD in 2024.
The market is projected to reach 300.0 million USD by 2035.
The expected CAGR for the market from 2025 to 2035 is 13.961%.
Key players include ZTE Corporation, SK Telecom, Cisco Systems, and Palo Alto Networks among others.
The market includes verticals such as Manufacturing, Healthcare, Retail, Automotive & Transportation, and Public Safety.
The Manufacturing vertical is expected to grow from 15.0 million USD in 2024 to 65.0 million USD in 2035.
The Healthcare segment is expected to grow from 12.5 million USD in 2024 to 50.0 million USD by 2035.
The Automotive & Transportation segment is expected to reach 80.0 million USD by 2035.
The Retail sector is expected to be valued at 40.0 million USD in 2035.
The Public Safety vertical is expected to rise from 13.75 million USD in 2024 to 65.0 million USD in 2035.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
