MarketsandMarkets forecasts the global 5G security Market size is expected to grow USD 1.3 billion in 2022 to USD 7.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 41.6% during the forecast period.
The major vendors covered 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 implemented various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to develop their presence in the 5G security market. The most widely used strategies by businesses have been partnerships and new product launches which helped them transform their offerings and widen their customer base.
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Ericsson is a global telecom services and equipment provider. Networks, digital services, managed services, emerging businesses, and others are its four business segments. The networks segment provides products and solutions for mobile and fixed communication; the digital services segment includes software, services, and hardware for Business Support Systems (BSS), Operational Support System (OSS), cloud communication, cloud core, and cloud infrastructure; the managed services segment provides operators with networks, IT managed services, network designs, optimization, and application development and maintenance. Ericsson’s customers are present in North America, Europe, the Middle East & Africa, Latin America, and the Asia Pacific.
Founded in 2005 and headquartered in California, US, Palo Alto Networks is a pioneering provider of network security solutions that enable clients to run applications safely on their networks and prevent any security breaches or targeted cyberattacks. Its broad solutions provide security across networks, endpoints, and the cloud. Its next-generation security platform consists of three major elements: NGFW, advanced endpoint protection, and threat intelligence cloud. The company offers firewalls that identify and control applications, scan content to stop threats, and prevent data leakage. With a strong presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, Palo Alto Networks delivers its solutions and services to SMEs and large enterprises across various industry verticals, such as electric utilities, BFSI, healthcare, oil and gas, retail, ICS and SCADA, government, and education.
5G Security Market with Covid-19 Impact Analysis by Component, Deployment Mode, Organization Size, End User, Network Component Security (RAN and Core Security), Architecture, Application, Vertical and Region - Global Forecast to 2027
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