5G Security Market by Offering (Solution and Services), End User (Telecom Operators and Enterprises), Network Component Security (RAN and Core Security), Architecture, Application, Vertical and Region - Global Forecast to 2028
[253 Pages Report] The 5G security market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 9.2 billion by 2028, at a CAGR of 38.9% from 2023 to 2028. The increasing sophistication of cyberattacks, which are becoming more targeted and difficult to defend against, is driving the growth of the market. As cyberattacks become more sophisticated, organizations are forced to invest in better security measures to protect themselves. This includes investing in new security technologies, such as artificial intelligence (AI) and machine learning (ML), and in training their employees on security best practices.
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5G Security Market Dynamics
Driver: Security concerns in the 5G network
CIOs are mainly concerned with a network that has the potential to cause significant losses for both corporations and service providers. SD, NV, and cloud-native architecture were used to construct the new network infrastructure. Network functions are spread across local, regional, and central data centers and are decoupled from supporting infrastructure. The majority of network functions in a 5G network based on the cloud are distributed over public and private cloud infrastructure. The existing legacy networks (2G, 3G, and 4G) and internet service networks, as well as vertical industrial networks for things like cars, factories, and loT devices, are all connected to the 5G network. It will build a sophisticated, heterogeneous network connection structure with a 5G network at its center.
Restraint: Delay in standardization of spectrum allocation
One of the biggest benefits of developing the 5G network is the utilization of higher frequencies. But all high frequencies (radio spectrum) are already in use for a variety of purposes, including telecommunications and government operations. Having access to these high-frequency spectrums is essential for building 5G infrastructure. There are conflicts when trying to access these frequency bands since they have already been assigned to various uses. However, it is unclear exactly when wireless operators will be granted access to these spectrums in order to deploy 5G infrastructure. Different government entities are currently establishing various legislation throughout the world.
Opportunity: Increasing operator investments for dynamic infrastructure
Numerous operators have concentrated on securing their carrier network due to an increase in network threats. For instance, the Spanish operator employed 1,000 security personnel and 650 analysts in seven Security Operations Centers (SOCs) around the world following the 02 Telefonica bank hack. Additionally, British Telecom (BT) employs 3,000 security experts in 15 SOCs throughout the world and is qualified to accredit its systems and networks for use by the UK government. BT indicates that it uses Al to protect the data of its clients. Its solution for automatically detecting and comprehending cybersecurity dangers for massive volumes of data makes use of visual interfaces. These expenditures are made to strengthen network security controls, which opens up a big market for the development of 5G security solutions.
Challenge: Uncertainty around ROI and other unprecedented challenges
With standalone solution-related migrating still needing a lot of effort, 5G deployments are in the early stages of their product life cycles. CUPS and network slicing are just two benefits that 5G promises. To deliver the broad services that customers anticipate with efficiency and to give operators a competitive edge, end-to-end 5G networks must be elongable, high-performing, and flexible. To match with the company's long-term interest in entering the industry and gaining the target market segment's trust in the value offer, however, is one of the difficulties telcos confront with 5G rollouts. The amount of money invested also affects the market's level of success. However, carriers do not want to make excessive investments until they achieve ROl or significant traction.
5G security market Ecosystem
The 5G security market comprises several manufacturers, service providers, system integrators, platform providers, and end users working together to deliver 5G security solutions for large-scale advanced network deployments.
By offering, the services segment holds the highest growth rate during the forecast period.
Services have a crucial role to play in the 5G security sector. The demand for services among end users has increased as a result of shifting technological trends. The management of a 5G security network from beginning to end is necessary because it is new to telecom operators and business clients. Expertise and specialized skill sets are needed for the development of 5G security networks, which fuels the demand for consultancy, implementation, and support & maintenance services. In order to achieve desired business goals, these services assist end users in successfully securing their 5G network infrastructure.
By vertical, media and entertainment are expected to register the fastest growth rate during the forecast period.
Companies in the media and entertainment industry have adapted cutting-edge software to serve a vast consumer base from a single location. DDoS assaults, malware, ransomware, and advanced persistent threats (APTs) are all threats to the media & entertainment vertical's essential infrastructure. For improved defense against these constantly developing assaults, strict 5G security solutions and services are necessary. Companies in the media and entertainment industry work to provide customers with a quick and safe online entertainment experience, a rich media experience, and the ability to trace their usage patterns across numerous applications. Inadequate web performance, slow frame rates, bad graphics, allowed user access, customer data leaks, and undesirable webpage latency times can all result in a loss of online subscribers and consumers for online entertainment organizations. 5G security solutions can help.
North America is expected to hold the largest market size during the forecast period.
In terms of technology, North America is among the world's most developed areas. This region is now one of the most developed and established mobile markets in the world because of the quick adoption of 4G smartphones by local consumers. In North America, LTE penetration has reached 91%, according to the Ericsson Mobility Report. The market for 5G security would be driven by the rising number of internet users, increased mobile data traffic, and increasing government focus on improving telecommunications infrastructure to meet consumer demand for continuous connectivity and rising cyberattacks. As a result of the quick uptake of 5G services, providers of security solutions for 5G networks would have plenty of room to develop in the US and Canada.
Market Players:
The major players in the 5G security market are Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the 5G security market.
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Report Metrics |
Details |
Market size available for years |
2021-2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Forecast units |
Value (USD) Billion |
Segments Covered |
Offering (Platform and Services), Type, End User, and Region |
Region covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
Companies covered |
Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland). |
This research report categorizes the 5G security market to forecast revenues and analyze trends in each of the following submarkets:
Based on Offering:
- Solutions
- Services
Based on Architecture:
- 5G NR Standalone
- 5G NR Non-standalone
Based on Network Security:
- RAN Security
- Mobile Core Security
Based on End User:
- Telecom Operators
- Enterprises
Based on Application:
- Virtual and Augmented Reality
- Connected Automotive
- Smart Manufacturing
- Wireless eHealth
- Smart Cities
Based on Vertical:
- Manufacturing
- Healthcare
- Energy & Utilities
- Retail
- Automotive & Transportation
- Public Safety
- Media & Entertainment
- Other Verticals
By Region:
-
North America
- United States (US)
- Canada
-
Europe
- United Kingdom (UK)
- Germany
- France
- Rest of Europe
-
Asia Pacific
- China
- Japan
- South Korea
- Rest of Asia Pacific
-
Middle East and Africa
- United Arab Emirates
- Kingdom of Saudi Arabia
- South Africa
- Rest of Middle East and Africa
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments
- In July 2023, Ericsson partnered with Spark, one of New Zealand’s largest telecommunications and digital services providers. To supply its 5G Core solution to power Spark’s 5G Standalone (SA) network in New Zealand.
- In June 2023, Cisco Systems and Indian system integrator Wipro Technologies partnered to deploy private fifth-generation (5G) networks to enterprise customers worldwide.
- In September 2022, Palo Alto Networks partnered with Telus, one of the largest 5G network operators in Canada. Telus will use the security vendor’s hardware and software firewalls to protect high-capacity network interfaces across its 5G stand-alone core and internet perimeter while providing security to its IoT customers.
- In September 2021, A10 Networks enhanced its solutions to help customers meet and accelerate its Zero Trust strategies. The company added Zero Trust architecture to the existing security portfolio. The features that will be enhanced are infiltration visibility and protection, automated DDoS protection, granular operational micro-segmentation, advanced user authorization and verification, and real-time observability and central management.
Frequently Asked Questions (FAQ):
What is the definition of the 5G security market?
The 5G security market includes solutions and services that are provided to secure the network of connected devices and critical enterprise applications relying on 5G networks and minimize the losses caused by threats and cyberattacks on networks, applications, and devices.
What is the market size of the 5G security market?
The 5G security market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 9.2 billion by 2028, at a CAGR of 38.9% from 2023 to 2028.
What are the major drivers in the 5G security market?
The major drivers in the 5G security market are Security concerns in the 5G network, increasing IoT connections to pave the way from mMTC with enhanced security requirements, increasing ransomware attacks on IoT devices, and rising attacks on critical infrastructure.
Who are the key companies operating in the 5G security market?
The key companies profiled in the 5G security market Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland).
What are the key technology trends prevailing in the 5G security market?
Artificial intelligence, edge computing, and security orchestration are the key technology trends for the 5G security market.
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The 5G security market is an attractive market for the providers of 5G security platforms and services. With increasing investments in 5G infrastructure, there has been massive growth in the adoption of IoT devices.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized associations and government publishing sources; journals and various associations have also been referred to for consolidating the report. Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides of the 5G security market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors providing 5G security software, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify and validate the segmentation types; industry trends; key players; the competitive landscape of the market; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.
In the complete market engineering process, both top-down and bottom-up approaches and several data triangulation methods were used to perform the market estimation and forecast for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
The Breakup of Primary Research:
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Market Size Estimation
Multiple approaches were adopted to estimate and forecast the size of the 5G security market. The first approach involves estimating market size by summing up the revenue generated by companies through the sale of 5G security offerings, such as platforms and services.
Both top-down and bottom-up approaches were used to estimate and validate the total size of the 5G security market. These methods were extensively used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
5G security Market Size: Bottom-Up Approach
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5G security Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size, the 5G security market was divided into several segments and subsegments. A data triangulation procedure was used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.
Market Definition
The 5G security market includes solutions and services that are provided to secure the network of connected devices and critical enterprise applications relying on 5G networks and minimize the losses caused by threats and cyberattacks on networks, applications, and devices. The 5G security market is a segment of the information security market that deals with the security of 5G networks. 5G networks are the fifth generation of cellular networks, and they offer a number of new features and capabilities, such as increased speed, lower latency, and better coverage. These new features and capabilities also introduce new security challenges.
Key Stakeholders
- Technology Vendors
- Mobile Network Operators (MNOs)
- Independent Software Vendors (ISVs)
- Communication Service Providers (CSPs)
- System Integrators (SIs)
- Neutral Host Operators
- Resellers
- Value-added resellers (VARs)
- Managed Service Providers (MSPs)
- Compliance Regulatory Authorities
- Government Authorities
- Investment Firms
- Cloud Service Providers
- 5G Security Alliances/Groups
- Original Design Manufacturers (ODMs)
- Original Equipment Manufacturers (OEMs)
- Enterprises/Businesses
Report Objectives
- To determine and forecast the global 5G security market by component (solutions and services), network component security, architecture, deployment mode, organization size, application, end-user, vertical, and region from 2020 to 2027, and analyze various macro and microeconomic factors that affect the market growth
- To forecast the size of the market’s segments with respect to four main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the market
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the 5G security market
- To profile key market players (such as top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
- To track and analyze competitive developments, such as mergers and acquisitions (M&As), product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
- Further breakup of the North American market into countries contributing 75% to the regional market size
- Further breakup of the Latin American market into countries contributing 75% to the regional market size
- Further breakup of the Middle East and African market into countries contributing 75% to the regional market size
- Further breakup of the European market into countries contributing 75% to the regional market size
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in 5G Security Market