Next-Gen Cybersecurity for 5G Networks Market By Component (Solution, Services) , By Deployment (On-premise, Cloud) By End User (Other Industries, Telecom Operators) By Industry Vertical (Manufacturing, Healthcare, Retail, Automotive & Transportation, Pub

Next-Gen Cybersecurity for 5G Networks Market By Component (Solution, Services) , By Deployment (On-premise, Cloud) By End User (Other Industries, Telecom Operators) By Industry Vertical (Manufacturing, Healthcare, Retail, Automotive & Transportation, Public Safety, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

Next-Gen Cybersecurity for 5G Networks Market

The next-gen cybersecurity for 5G networks market was valued at $2.1 billion in 2023 and is projected to reach $41.9 billion by 2032, growing at a CAGR of 39.4% from 2024 to 2032.

Next-gen cybersecurity for 5G networks is an approach that addresses risks associated with the interconnected infrastructure 5G telecommunication. The technologies being utilized to ensure the security of 5G networks include zero trust architecture, edge computing security, enhanced network slicing, automated threat response, and collaborative threat intelligence sharing.

Increase in threat of cyberattacks through telecommunication networks is a key driver of the next-gen cybersecurity for 5G networks market. In addition, as the integration of the Internet of Things devices with 5G network continues to expand, the development of next-gen cybersecurity for 5G networks market is projected to augment significantly. To improve the detection of potential cyberthreats and accelerate the response time, the trend of using AI and ML technologies is acquiring traction in the market. These technologies identify patterns indicating possible malicious activities by analyzing vast amounts of data in real time.

However, the implementation of next-gen cybersecurity measures for the protection of 5G networks is a capital-intensive process. This deters several small-scale telecom organizations from its adoption, restraining the development of the market. Furthermore, the rapidly modifying threat landscape results in frequent technological obsolescence, hindering the development of the market. On the contrary, as 5G is poised to become the dominant network across the globe due to macroeconomic changes and advancement in fixed wireless access, the next-gen cybersecurity for 5G networks market is anticipated to witness several lucrative opportunities. According to a mobility report by Ericsson—a Swedish technology company—5G subscriptions are projected to cross the mark of 5.6 billion globally by the end of 2029. This expansion of the network is expected to open several remunerative avenues for the market.

Segment Review

The next-gen cybersecurity for 5G networks market is segmented into component, deployment, end user, industry vertical, and region. On the basis of component, the market is bifurcated into solution and services. Depending on deployment, it is divided into on-premise and cloud. By end user, it is classified into other industries and telecom operators. According to industry vertical, it is categorized into manufacturing, healthcare, retail, automotive & transportation, public safety, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA.

Key Findings

On the basis of component, the solution segment held a high share of the market in 2023.

Depending on deployment, the cloud segment acquired a high stake in the market in 2023.

By end user, the telecom operators segment dominated the market in 2023.

According to industry vertical, the manufacturing segment accounted for a high market share in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global next-gen cybersecurity for 5G networks market include ERICSSON, Palo Alto Networks, Thales Group, A10 Networks, Inc., Allot, AT&T, F5, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., and Spirent Communication. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Key Market Segments

By Component

Solution
Services

By Deployment

On-premise
Cloud

By End User

Other Industries
Telecom Operators

By Industry Vertical

Manufacturing
Healthcare
Retail
Automotive Transportation
Public Safety
Others

By Region

North America
U.S.
Canada
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Colombia
Argentina
Rest of Latin America
MEA
Saudi Arabia
South Africa
UAE
Rest of MEA

Key Market Players

ERICSSON
Palo Alto Networks
Thales Group
A10 Networks, Inc.
Allot
AT&T
F5, Inc.
Check Point Software Technologies Ltd.
Fortinet, Inc.
Spirent Communication