Global 5G Security Market Size study&Forecast, byComponent (Solution, Services) by Deployment (Cloud, On-premise), by Architecture (5G NR Standalone, 5G NR Non - Standalone), by Network Security (RAN Security, Core Security), by End-user(Industries ,Telec

Global 5G Security Market Size study&Forecast, byComponent (Solution, Services) by Deployment (Cloud, On-premise), by Architecture (5G NR Standalone, 5G NR Non - Standalone), by Network Security (RAN Security, Core Security), by End-user(Industries ,Telecom Operators), by Industries (Manufacturing, Healthcare, Retail, Automotive and Transportation, Public Safety, Others) and Regional Analysis, 2022-2029

Global 5G Security Market is valued at approximatelyUSD 1.40 billion in 2021 andis anticipated to grow with a healthy growth rate of more than 39.6% over the forecast period 2022-2029. The fifth generation (5G) networks a wireless technology that involves a vast ecosystem of radio frequencies, data transfers, and technical connections. The demand for 5G security solutions is anticipated to increase due to network slicing and significant security extension over 4G and LTE, 5G also offers new security features.Among the many advantages of 5G-enabled security are anti-tracking and anti-spoofing technologies that stop the manipulation of individual device connections.Rising government initiatives in digitization, data security, and privacy have increased the demand for 5G implementation, which will indirectly drive the worldwide 5G Security Market throughout the forecast period.

After an initial boom in 2020, the rollout of 5G commercial services has continued, with firms such asEricsson, Nokia, and Huawei claiming to have released most of these services as of 2022.Data security and privacy are the key topics of 5G security that are rising and are of -greater significance than ever .With the arrival of 5G, cyber security has advanced. A feature of a 5G cyber security toolkit or solution that improves network security is IMSI (International Mobile Subscriber Identity) encryption. Moreover, increasing government initiatives in digitization indirectly drives the global 5G Security Market over the forecast period.. By 2030, the manufacturing sector alone is projected to benefit from 5G to the tune of 227 billion dollars, largely because to mid-band 5G. There will be slightly under five billion 5G subscriptions worldwide by 2026, according to projections majorly due to increasing 5G security labs. Additionally, the technological advancements and digitalization plays a major role in 5G Security Market. However, the high cost of deploying 5G security stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global 5G Security Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.. North America dominated the market share with more than 28% of worldwide sales in 5G security industry. This is due to the major market players like A10 Networks, Inc., Palo Alto Networks and AT&T Ltd., that are fueling regional expansion. The growing adoption of 5G security solutions by manufacturing firms to thwart potential threats on 5G networks presents growth opportunities for 5G solution providers in the region, supporting the expansion of the North American market. It is expected that the Asia Pacific 5G Security market would grow at a faster rate. This might ascribed to region's increased requirement to secure endpoints, applications, and websites from illegal access.

Major market player included in this report are:
ERICSSON
Palo Alto Networks
Thales 5g
A10 Networks, Inc.
Allot Ltd.
AT&T 5g
F5, Inc.
Check Point Software Technologies Ltd.
Fortinet, Inc.
Spirent Communications. Pvt. Ltd.
Recent Developments in the Market:
In January 2022, the CTIA announced the 5G Security Test Bed (STB) to verify the security of the commercial 5G network.
In December 2021, to bolster its security for user privacy, Ericsson introduced the Authentication Security Module solution.
InOctober 2021, to assist operators in developing secure 5G networks, Palo Alto Networks and IBM Corporation engaged ina partnership.
Global 5G Security MarketReport Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment, Architecture, Network Security, End-user, Industries Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services

By Deployment:
Cloud
–On-premise

By Architecture:
5G NR Standalone
5G NR Non – Standalone

By Network Security:
RAN Security
Core Security

By End-user:
Industries
Telecom Operators

By Industries:
Manufacturing
Healthcare
Retail
Automotive and Transportation
Public Safety
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
ERICSSON
Palo Alto Networks
Thales 5g
A10 Networks, Inc.
Allot Ltd.
AT&T 5g
F5, Inc.
Check Point Software Technologies Ltd.
Fortinet, Inc.
Spirent Communications. Pvt. Ltd.

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