The report "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection, DLP, Security Gateway) and Services), Network Component Security, Architecture, Deployment Type, End User, Vertical, and Region - Global Forecast to 2026", size is projected to grow from USD 580 million in 2020 to USD 5,226 million by 2026, at a Compound Annual Growth Rate (CAGR) of 44.3% during the forecast period. The major drivers for the 5G security market include rising security concerns in the 5G networks, increasing ransomware attacks on IoT devices, rising attacks on critical infrastructure, and increasing IoT connections paved way for mMTC with enhanced security requirement.
Browse 149 market data Tables and 63 Figures spread through 255 Pages and in-depth TOC on "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection, DLP, Security Gateway) and Services), Network Component Security, Architecture, Deployment Type, End User, Vertical, and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/5g-security-market-261636732.html
Services segment to grow at the highest CAGR during the forecast period
Services play a vital role in the deployment and integration of 5G security solutions in an enterprise’s business environment. Services are considered an important component of the 5G security market, as they majorly focus on improving the business processes and optimizing the enterprise’s network. Services are considered as the backbone of the 5G security, as they are instrumental in fulfilling the clients’ requirements, such as network testing, planning and optimization, support and maintenance, and consulting.
Cloud deployment type is expected to grow at the highest CAGR during the forecast period
Cloud mode of deployment is expected to exhibit a higher CAGR during the forecast period. By deploying 5G security solutions and services on the cloud, organizations can avoid spending on hardware, software, storage, and technical staff. The cloud deployment type is often used for both private and public clouds and may vary from case to case, depending on the requirement of the client. Additionally, organizations can scale up or down, depending on their use of cloud-based 5G security services. The cloud deployment segment has witnessed strong demand in the early phase of the 5G standalone network. It offers a wide range of benefits, such as scalability, accessibility, flexibility, and cost-effectiveness.
APAC region holds the largest market share in the 5G security market in 2020
APAC is expected to hold the largest market share during the forecast period. China, Australia, and Japan are the prime APAC countries that have started several 5G-related activities; which would provide growth opportunities for 5G security vendors in the region. Asian telecom service providers, vendors, and government firms are determined to take the lead in 5G R&D. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the 5G security solutions.
Key and innovative vendors in the 5G security market include Check Point (US), Clavister (Sweden), Colt Technology (UK), ForgeRock (US), G+D Mobile Security (Germany), Mobileum (US), Positive Technologies (UK), Radware (Israel), and Riscure (The Netherlands).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441