Global 5G Security Market Size Predicted to be Worth USD 9,705.4 million by 2030 | BII

According to Business Intelligence Insights "5G Security Market is expected to grow from USD 583.8 million in 2021 to USD 9,705.4 million by 2030, at a CAGR of 42.1% during the forecast period 2022-2030.

Regional Analysis:

North America dominated the market and is estimated to increase at a rate of 40.6 percent per year during the forecast period.

North America is predicted to be the dominant region in terms of the increasing demand for 5G security for the deployment of 5G networks. The North American market is divided into three parts: The United States, Canada, and Mexico. During the forecast period, the United States is likely to lead the country-level market, while Canada is expected to be the fastest-growing sector. North America has a substantial share of the 5G security industry. North America has made significant breakthroughs in 5G technology, and certain security measures have been put in place to avoid leaks. North America is a market leader in the distribution of 5G spectrum, including high and low-band.

Segmentation Insights:

By Components

• Solutions
• Services

Solutions category dominated the market and is expected to grow at a CAGR of 25.8 percent over the forecast period.

The solutions include all of the tools needed to ensure safety. Some of the techniques used to provide 5G security include next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateways, and sandboxing. Next-generation firewalls are an effective way to provide a series of levels before approaching the mainframe. Companies such as Avangrid, Flexential, Avantor Inc., Worldpac, and PAE deploy next-generation firewalls to provide excellent 5G security. Data Loss Prevention allows users to control who has access to and shares their information. DLP tools aid in the planning of Data Loss Prevention approaches by providing pre-defined approach controls to track the development of information. It also prevents unauthorized information sharing, movement, and leakage.

By Architecture

• 5G NR Non-standalone
• 5G NR Standalone

5G NR Non-standalone category dominated the market and is expected to grow at a CAGR of 24.9 percent over the forecast period.

The first 5G network deployments are non-standalone setups that focus on increasing internet capacity and reliability. They are consistent with the 3GPP decision to include an early 5G network and device rollouts in NSA operations, implying that the 5G network will be supported by the present 4G architecture. As a result, specialized firms that want to be the first to supply 5G speeds will begin with NSA and, if 5G inclusion is established, will conduct independent 5G testing. Because of the aforementioned factors, 5G non-standalone is less expensive than 5G standalone. Because of the cost-effectiveness of 5G non-standalone architecture, businesses are eager to invest in 5G security.

By Vertical

• Manufacturing
• Healthcare
• Energy and Utilities
• Retail
• Automotive and Transportation
• Public Safety
• Media and Entertainment
• Others (BFSI, agriculture, and education)

Top Key Players Analysis:

• A10 Networks (US)
• Akamai (US)
• Allot (Israel)
• AT&T (US)
• Avast (Czech Republic)
• Check Point (US)
• Cisco (US)
• Clavister (Sweden)
• Colt Technology (UK)
• Ericsson (Sweden)
• F5 Networks (US)
• ForgeRock (US)
• Fortinet (US)
• G+D Mobile Security (Germany)
• Huawei (China)
• Juniper Networks (US)
• Mobileum (US)
• Nokia (Finland)
• Palo Alto Networks (US)
• Positive Technologies (UK)
• Radware (Israel)
• Riscure (The Netherlands)
• Spirent (US)
• Trend Micro (Japan)
• ZTE (China).

Read our strategic analysis: https://www.businessintelligence-insights.com/reports/35/5g-security-market

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