Global 5G Security Market Analysis 2022
The Global 5G Security Market is expected to reach $9.54 billion by 2028 growing at a CAGR of 39.6% from 2021 to 2028. 5G cellular is poised to transform the ICT industry through substantially enhanced mobility services, massively scalable Internet of Things (IoT) networks, and support for critical apps and services.
Factors such as rising attacks on critical infrastructure, stringent data protection for information security and the increasing popularity of smart cities are driving the growth of the market. However, delay in the standardization of spectrum allocation is restraining the growth of the market.
Based on deployment, the cloud segment is going to have a lucrative growth during the forecast period as cloud-based solutions utilize detection and scrubbing technologies to detect and mitigate network cyberattacks. The cloud deployment type helps manage DNS, rerouting traffic, and safeguard the website traffic.
The key vendors mentioned are ZTE, Trend Micro, Riscure, Positive Technologies, Akamai Technologies, Nokia, Cisco, Huawei, G+D Mobile Security, Colt Technology Services, Clavister, Avast, Ericsson, Checkpoint Software Technologies, AT&T, Juniper Networks, A10 Networks, and Palo Alto Networks.
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