North America 5G Security Market Size, Share & Trends Analysis Report By Network Component Security, By Industry Vertical, By Deployment Mode (On-Premises and Cloud), By Organization Size, By Component, By Architecture, By Country and Growth Forecast, 2024 - 2031
The North America 5G Security Market would witness market growth of 37.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,622.8 million by 2031. The Canada market is experiencing a CAGR of 40.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 39.3% during (2024 - 2031).
This market refers to the segment of the cybersecurity industry dedicated to developing and implementing security solutions specifically designed for 5G networks. As the fifth generation of mobile telecommunications technology, 5G brings significant advancements in speed, capacity, and connectivity, enabling a range of applications from enhanced mobile broadband to the Internet of Things (IoT) and mission-critical communications. However, with these advancements come new security challenges and vulnerabilities that must be addressed.
In addition, they encompasses a range of applications to protect networks, devices, and data from emerging threats. Due to their extensive connectivity, 5G networks are susceptible to Distributed Denial-of-Service (DDoS) attacks. Advanced security measures are deployed to detect and mitigate these attacks in real time, ensuring service continuity and reducing downtime. These systems can integrate self-healing capabilities that automatically detect failures or intrusions and take corrective actions to restore normal operations without human intervention.
The rapid digital transformation within the media and entertainment industry also raises significant cybersecurity concerns. As organizations migrate to 5G networks, the risks associated with data breaches, intellectual property theft, and unauthorized access to sensitive content are becoming more pronounced. With the stakes higher than ever, safeguarding creative assets and consumer data is crucial for maintaining trust and ensuring the integrity of the production process. The surge in cyberattacks highlights the urgent need for robust cybersecurity frameworks within the healthcare sector, particularly as organizations transition to 5G-enabled solutions. As more healthcare providers adopt telehealth services and Internet of Medical Things (IoMT) devices, the demand for comprehensive 5G security solutions will increase. Thus, the increasing media & entertainment industry and rising cases of cyberattacks in the region's healthcare sector are driving the market's growth.
Based on Network Component Security, the market is segmented into Core Security and Radio Access Network Security. Based on Industry Vertical, the market is segmented into IT & Telecommunications, Manufacturing, Healthcare, Energy and Utilities, Retail, Automotive, Media & Entertainment, and Other Industry Vertical. Based on Deployment Mode, the market is segmented into On-Premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Component, the market is segmented into Solution and Services. Based on Architecture, the market is segmented into 5G NR Standalone and 5G NR Non-Standalone. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- AT&T Inc.
- Ericsson AB
- Intel Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Nokia Corporation
- Juniper Networks, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
By Network Component Security
- Core Security
- Radio Access Network Security
- IT & Telecommunications
- Manufacturing
- Healthcare
- Energy and Utilities
- Retail
- Automotive
- Media & Entertainment
- Other Industry Vertical
- On-Premises
- Cloud
- Large Enterprises
- SMEs
- Solution
- Services
- 5G NR Standalone
- 5G NR Non-Standalone
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America 5G Security Market, by Network Component Security
- 1.4.2 North America 5G Security Market, by Industry Vertical
- 1.4.3 North America 5G Security Market, by Deployment Mode
- 1.4.4 North America 5G Security Market, by Organization Size
- 1.4.5 North America 5G Security Market, by Component
- 1.4.6 North America 5G Security Market, by Architecture
- 1.4.7 North America 5G Security Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America 5G Security Market by Network Component Security
- 5.1 North America Core Security Market by Region
- 5.2 North America Radio Access Network Security Market by Region
- Chapter 6. North America 5G Security Market by Industry Vertical
- 6.1 North America IT & Telecommunications Market by Country
- 6.2 North America Manufacturing Market by Country
- 6.3 North America Healthcare Market by Country
- 6.4 North America Energy and Utilities Market by Country
- 6.5 North America Retail Market by Country
- 6.6 North America Automotive Market by Country
- 6.7 North America Media & Entertainment Market by Country
- 6.8 North America Other Industry Vertical Market by Country
- Chapter 7. North America 5G Security Market by Deployment Mode
- 7.1 North America On-Premises Market by Country
- 7.2 North America Cloud Market by Country
- Chapter 8. North America 5G Security Market by Organization Size
- 8.1 North America Large Enterprises Market by Country
- 8.2 North America SMEs Market by Country
- Chapter 9. North America 5G Security Market by Component
- 9.1 North America Solution Market by Country
- 9.2 North America Services Market by Country
- Chapter 10. North America 5G Security Market by Architecture
- 10.1 North America 5G NR Standalone Market by Country
- 10.2 North America 5G NR Non-Standalone Market by Country
- Chapter 11. North America 5G Security Market by Country
- 11.1 US 5G Security Market
- 11.1.1 US 5G Security Market by Network Component Security
- 11.1.2 US 5G Security Market by Industry Vertical
- 11.1.3 US 5G Security Market by Deployment Mode
- 11.1.4 US 5G Security Market by Organization Size
- 11.1.5 US 5G Security Market by Component
- 11.1.6 US 5G Security Market by Architecture
- 11.2 Canada 5G Security Market
- 11.2.1 Canada 5G Security Market by Network Component Security
- 11.2.2 Canada 5G Security Market by Industry Vertical
- 11.2.3 Canada 5G Security Market by Deployment Mode
- 11.2.4 Canada 5G Security Market by Organization Size
- 11.2.5 Canada 5G Security Market by Component
- 11.2.6 Canada 5G Security Market by Architecture
- 11.3 Mexico 5G Security Market
- 11.3.1 Mexico 5G Security Market by Network Component Security
- 11.3.2 Mexico 5G Security Market by Industry Vertical
- 11.3.3 Mexico 5G Security Market by Deployment Mode
- 11.3.4 Mexico 5G Security Market by Organization Size
- 11.3.5 Mexico 5G Security Market by Component
- 11.3.6 Mexico 5G Security Market by Architecture
- 11.4 Rest of North America 5G Security Market
- 11.4.1 Rest of North America 5G Security Market by Network Component Security
- 11.4.2 Rest of North America 5G Security Market by Industry Vertical
- 11.4.3 Rest of North America 5G Security Market by Deployment Mode
- 11.4.4 Rest of North America 5G Security Market by Organization Size
- 11.4.5 Rest of North America 5G Security Market by Component
- 11.4.6 Rest of North America 5G Security Market by Architecture
- Chapter 12. Company Profiles
- 12.1 AT&T, Inc.
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental and Regional Analysis
- 12.1.4 Research & Development Expense
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Partnerships, Collaborations, and Agreements:
- 12.1.5.2 Product Launches and Product Expansions:
- 12.1.6 SWOT Analysis
- 12.2 Ericsson AB
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Segmental and Regional Analysis
- 12.2.4 Research & Development Expense
- 12.2.5 Recent strategies and developments:
- 12.2.5.1 Partnerships, Collaborations, and Agreements:
- 12.2.5.2 Acquisition and Mergers:
- 12.2.6 SWOT Analysis
- 12.3 Juniper Networks, Inc.
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Regional Analysis
- 12.3.4 Research & Development Expenses
- 12.3.5 Recent strategies and developments:
- 12.3.5.1 Partnerships, Collaborations, and Agreements:
- 12.3.5.2 Product Launches and Product Expansions:
- 12.3.6 SWOT Analysis
- 12.4 Fortinet, Inc.
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Regional Analysis
- 12.4.4 Research & Development Expenses
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Product Launches and Product Expansions:
- 12.4.5.2 Acquisition and Mergers:
- 12.4.6 SWOT Analysis
- 12.5 Palo Alto Networks, Inc.
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Regional Analysis
- 12.5.4 Research & Development Expense
- 12.5.5 Recent strategies and developments:
- 12.5.5.1 Product Launches and Product Expansions:
- 12.5.6 SWOT Analysis
- 12.6 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Segmental and Regional Analysis
- 12.6.4 Research & Development Expense
- 12.6.5 Recent strategies and developments:
- 12.6.5.1 Acquisition and Mergers:
- 12.6.6 SWOT Analysis
- 12.7 Nokia Corporation
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Segmental and Regional Analysis
- 12.7.4 Research & Development Expense
- 12.7.5 Recent strategies and developments:
- 12.7.5.1 Partnerships, Collaborations, and Agreements:
- 12.7.6 SWOT Analysis
- 12.8 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Segmental and Regional Analysis
- 12.8.4 Research & Development Expenses
- 12.8.5 Recent strategies and developments:
- 12.8.5.1 Product Launches and Product Expansions:
- 12.8.6 SWOT Analysis
- 12.9 IBM Corporation
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Regional & Segmental Analysis
- 12.9.4 Research & Development Expenses
- 12.9.5 Recent strategies and developments:
- 12.9.5.1 Partnerships, Collaborations, and Agreements:
- 12.9.5.2 Acquisition and Mergers:
- 12.9.6 SWOT Analysis
- 12.10. Intel Corporation
- 12.10.1 Company Overview
- 12.10.2 Financial Analysis
- 12.10.3 Segmental and Regional Analysis
- 12.10.4 Research & Development Expenses
- 12.10.5 Recent strategies and developments:
- 12.10.5.1 Partnerships, Collaborations, and Agreements:
- 12.10.6 SWOT Analysis
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