The global 5G security market size is projected to grow from USD 1.7 billion in 2023 to USD 9.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 38.9%. The growth in the adoption of security concerns in the 5G network is driving the growth of the market. Zero-trust security and artificial intelligence can have dominance in the 5G security market as Zero-trust security is a security model that assumes that no device or user is trusted by default. This means that all devices and users must be authenticated and authorized before they are allowed to access the network. Zero-trust security can be implemented using a variety of technologies, such as firewalls, intrusion detection systems, and identity and access management (IAM) solutions. AI and ML can be used to improve the security of 5G networks in a variety of ways. For example, AI and ML can be used to identify and block malicious traffic, detect and prevent cyberattacks, and improve the accuracy of security analytics.
Key and innovative vendors in the 5G security market include 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).
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Ericsson is a global provider of telecom-related tools and services. Its four business segments include networks, digital services, managed services, emerging businesses, and other business areas. The networks segment provides goods and services for fixed and mobile communication, while the digital services segment provides hardware, software, and services for operational support systems (OSs), cloud infrastructure, cloud core, and cloud communication. The managed services segment provides networks for operators, IT managed services, network designs, and the creation and upkeep of applications, and the emerging business segment provides networks. Clients of Ericsson can be located in North America, Europe, the Middle East & Africa, Latin America, and the Asia Pacific.
Palo Alto Networks
Palo Alto Networks is a visionary supplier of network security solutions that let customers run apps securely on their networks and stop any security lapses or deliberate cyberattacks. Security is offered across networks, endpoints, and the cloud through its comprehensive solutions. The NGFW, enhanced endpoint protection, and threat intelligence cloud make up its next-generation security platform. The business sells firewalls that can distinguish between and manage apps, scan content for dangers, and stop data leaks. Palo Alto Networks serves both SMEs and large corporations across a variety of industry verticals, including electric utilities, BFSI, healthcare, oil and gas, retail, ICS and SCADA, government, and education. The company has a strong presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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
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