5G Security Market by Components (Services, Solutions), Network Component Security (Core Security, RAN Security), Architecture, Deployment Type, Vertical - Global Forecast 2024-2030
The 5G Security Market size was estimated at USD 3.85 billion in 2023 and expected to reach USD 5.26 billion in 2024, at a CAGR 39.44% to reach USD 39.50 billion by 2030.
5G security refers to a comprehensive framework of technologies, protocols, and best practices designed to protect the integrity, confidentiality, and availability of data transmitted over fifth-generation wireless networks. The 5G security market includes products and services such as firewalls, intrusion detection systems (IDS), encryption tools, authentication protocols, virtual private networks (VPN), network segmentation strategies, and managed security services tailored to meet the specific needs of various end-use sectors. Increasing IoT adoption across industries accelerated digital transformation driven by cloud computing solutions increases the global demand for 5G security. However, insufficient awareness about the unique requirements for securing 5G-enabled infrastructure and budget constraints for organizations adopting advanced security measures are restraining the growth of the 5G security market. Furthermore, the emergence of private 5G networks in industries such as manufacturing, logistics, and healthcare is estimated to create new market opportunities for 5G security market in the future.
Regional InsightsThe global rollout of 5G networks has brought heightened attention to security concerns across the APAC region. The presence of major telecom operators, government-sponsored programs, and increasing 5G penetration represent a highly evolving 5G security market in the Asia-Pacific region. American policymakers are focused on addressing national security concerns to counter perceived security threats. The rising investments in 5G infrastructures and government actions for safe and secure telecom infrastructure drive demand for 5G security in the Americas. In the EMEA region, EU countries are taking a coordinated approach to address 5G security concerns by adopting risk-mitigating measures. Most European countries have adopted national cybersecurity strategies that include specific provisions for 5G networks. In the Middle East and Africa, where telecom operators anticipate significant growth in demand for mobile data services over the coming years, governments invest heavily in infrastructure development while forming partnerships with global technology providers to ensure secure network deployment.
Market InsightsMarket Dynamics
The market dynamics represent an ever-changing landscape of the 5G Security Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Growing security concerns in the 5G networks worldwide
- Rising prevalence of malwares in IoT devices and need to protect critical infrastructure
- Expensive adoption of 5G implemented equipment and devices
Market Restraints
- High cost associated with deployment of 5G technologies
Market Opportunities
- Emerging investments in 5G security for private sector and industrial sector
- Ongoing development and launch of new 5G security solutions
Market Challenges
- Delay in the standardization of 5G spectrum allocation and concern associated with efficiency
Market Segmentation Analysis
- Components: Growing adoption of 5G security solutions for addressing specific vulnerabilities
- Network Component Security: Increasing deployment of RAN security to protect against potential attacks and unauthorized access
- Architecture: Extensive use of stand-alone architecture owing to ultra-low latency and massive device connectivity
- Deployment Type: Rising cloud-based 5G security deployments in enterprises
- Vertical: High adoption of 5G network in the manufacturing sectors due to Industry 4.0
Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
FPNV Positioning MatrixThe FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 5G Security Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 5G Security Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent DevelopmentsL&T Technology Services partners with Palo Alto Networks for 5G, OT security offeringsL&T Technology Services Limited has partnered with Palo Alto Networks to offer enterprises security services and solutions in 5G and other OT areas, establishing as a Managed Security Services Partner (MSSP). These security solutions leverage AI/ML technologies to combat advanced cyber threats in OT environments, particularly in the context of 5G. Additionally, with the recent merger of L&T's Smart World & Communication, LTTS has strengthened its portfolio with SoCs and SoC-as-a-Service, including Managed SOC services and Cyber Security Advisory services.
Atos launches new 5G security offeringAtos,a managed security service provider, has recently launched the 5Guard security offering. This comprehensive portfolio aims to assist organizations in safeguarding their assets and customers while deploying private 5G networks. It covers various areas, including the radio access network (RAN), multiple access edge computing (MEC), 5G core network, and multi-cloud platforms, to minimize risks. Telecom operators also have the opportunity to expand their portfolios through partnerships with Atos.
Trend Micro Announces New Subsidiary for 5G CybersecurityTrend Micro Incorporated has established a new subsidiary, CTOne, dedicated to advancing the 5G network security field and beyond. CTOne's primary objective is to provide comprehensive protection from the network to the endpoint by deploying a robust security framework. CTOne is developing end-to-end security solutions for private 5G networks and is actively working on creating O-RAN and edge computing security solutions to help enterprises effectively mitigate cyber risks.
Strategy Analysis & RecommendationThe strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 5G Security Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company ProfilesThe report delves into recent significant developments in the 5G Security Market, highlighting leading vendors and their innovative profiles. These include A10 Networks, Inc., AdaptiveMobile Security by Enea AB, Akamai Technologies, Inc., Allot Ltd., AT&T Inc., Avast Software s.r.o., Check Point Software Technologies Ltd., Cisco Systems, Inc., Clavister Group, Colt Technology Services Group Limited, F5, Inc., ForgeRock, Inc., Fortinet, Inc., Giesecke+Devrient GmbH, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Mobileum Inc., Palo Alto Networks, Inc., Radware Ltd., SecurityGen Ltd., Symmetry Systems, Inc., Telefonaktiebolaget LM Ericsson, Thales Group, and Wipro Limited.
Market Segmentation & CoverageThis research report categorizes the 5G Security Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Components
- Services
- Consulting
- Implementation
- Support & Maintenance
- Solutions
- Antivirus/Antimalware
- Data Loss Prevention
- DDoS Protection
- Next-Generation Firewall
- Sandboxing
- Security Gateway
- Network Component Security
- Core Security
- RAN Security
- Architecture
- 5G NR Non-standalone
- 5G NR Standalone
- Deployment Type
- Cloud
- On-Premises
- Vertical
- Automotive & Transportation
- Energy & Utilities
- Healthcare
- Manufacturing
- Media & Entertainment
- Retail
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year