According to a recent analysis by Future Market Insights (FMI), the 5G Security Market is predicted to exceed a valuation of US$ 12.5 billion by 2032, growing at a CAGR of more than 26.4% between 2022 and 2032. In 2022, the market is expected to be worth $1.2 billion. Throughout the projection period, the solutions category is likely to hold the biggest market share. In the following ten years, it is predicted to increase at a CAGR of 25.8%.
Solutions provide the required instruments for ensuring safety. Next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateways, and sandboxing are some of the techniques utilized to assure 5G security.
DLP tools aid in the construction of data loss prevention approaches by providing pre-defined approach controls to track data progression. It also prevents unauthorized data sharing, corruption, and extraction. Data loss is primarily accomplished through malware attacks and system takeovers. Malware was implicated in approximately 15% of data breaches, according to Verizon’s 2021 Data Breach Investigations Report. Companies are focusing on 5G technologies to reduce malware attacks and security breaches.
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Healthcare stakeholders are getting richer by the day, thanks to consumers’ increased concern about their health and their expanding yearly healthcare budgets. However, the evolution of new technology, as well as their requirement for speed and automation, has made them vulnerable to cyber threats.
5G capabilities have brought various benefits to the healthcare industry, including increased speed, capacity, hyper-connectivity, reduced latency, and data-driven insights. Because of the increased speed and lower latency provided by 5G, cyber attackers will be able to access more data due to hyper-connectivity.
Key Takeaways from the 5G Security Market Study
- 5G Non-standalone is expected to hold the largest share in the architecture segment and is expected to grow at a CAGR of 24.9% in forecast period.
- The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
- The solutions segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.
“Companies implementing 5G technology need to focus on the security threats, 5G cloud infrastructure could make the ground breaking difference” says an FMI analyst.
Who is winning?
Leading players of 5G Security Market are focused in developing cloud infrastructure, because with the help of artificial intelligence and machine learning companies are automating the process and the data or formula details are stored in the cloud platform which can be accessed remotely. Key players present in the 5G Security Market industry are Ericsson, Palo Alto Networks, A10 Networks, Allot, Huawei, Nokia, Juniper Networks, Fortinet, Mobileum, ZTE among others.
Below enlisted are few of the recent developments in 5G Security Market:
- In Mar 2022, Huawei, China Unicom, Partners Announced 5G Private Network PLUS Achievements. They are focused to provide high reliable campus networks, slice-based private network. China Unicom’s 5G Private Network PLUS Achievements were announced during MWC Barcelona 2022.
- In Feb 2022, Ericsson announced that its 5G portfolio update has enabled energy efficiency. Seven new RAN products and solutions led by the flagship dual-band Radio 4490 which consumes 25% less power compared to current product.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global 5G Security Market, presenting historical demand data (2019-2021) and forecast statistics for the period from 2022 to 2032.
The study divulges compelling insights on the 5G Security Market based on Component (Solutions, Services) Network Component Security (RAN Security, Core Security) Architecture (5G NR Non-standalone, 5G NR Standalone) End User (Telecom Operators, Enterprises) Deployment Type (Cloud, On-Premises) Vertical (Manufacturing, Healthcare, Energy and Utilities, Retail, Automotive and Transportation, Public Safety, Media and Entertainment, Others) across five major regions.
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Global 5G Security Market by Category
By Component:
Solutions
- Next-Generation Firewall
- Data Loss Prevention
- Antivirus/Antimalware
- DDoS Protection
- Security Gateway
- Sandboxing
- Others
Services
- Consulting Services
- Implementation Services
- Support and Maintenance Services
By Network Component Security:
- RAN Security
- Core Security
By Architecture:
- 5G NR Non-standalone
- 5G NR Standalone
By End User:
- Telecom Operators
- Enterprises
By Deployment Type:
- Cloud
- On-Premises
By Vertical:
- Manufacturing
- Healthcare
- Energy and Utilities
- Retail
- Automotive and Transportation
- Public Safety
- Media and Entertainment
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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