
Report ID: SQMIG45A2497
Report ID:
SQMIG45A2497 |
Region:
Global |
Published Date: March, 2025
Pages:
193
|
Tables:
163 |
Figures:
73
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REQUEST FREE CUSTOMIZATIONGlobal 5G Security Market size was valued at USD 2.73 billion in 2023 and is poised to grow from USD 3.81 billion in 2024 to USD 54.94 billion by 2032, growing at a CAGR of 39.6% in the forecast period (2025-2032).
The global 5G security industry is characterized by intense competition among key players who are actively developing innovative solutions to address the evolving cybersecurity challenges of 5G networks. Major companies in the market are focusing on strategic initiatives such as partnerships, mergers and acquisitions, and product innovation to strengthen their market position and enhance their offerings. Leading companies like Cisco Systems, Ericsson, Nokia, Huawei Technologies, and Palo Alto Networks are at the forefront of the market, offering comprehensive 5G security solutions, including network security, endpoint protection, and cloud security. These players are leveraging advanced technologies such as AI, machine learning, and blockchain to provide scalable and efficient security frameworks for 5G networks. 'ERICSSON', 'Palo Alto Networks', 'Thales', 'A10 Networks, Inc.', 'Allot', 'AT&T', 'F5, Inc.', 'Check Point Software Technologies Ltd.', 'Fortinet, Inc.', 'Spirent Communications', 'Juniper Networks ', 'Fortinet', 'Mobileum ', 'Trend Micro '
Network slicing is one of the types of virtual networking architecture that is nearly the same as software-defined networking (SDN) and network functions virtualization (NFV). These technologies are developed to achieve software-based automation in modern networks. Mobile operators and telecommunication vendors are preparing themselves for the implementation and adoption of 5G technology.
Growing Ransomware Cyber-attacks on IoT Devices: With the completed or ongoing installation of 5G technology in many countries, data transfer speeds will be five times as compared to 4G. With the increment of speed data transfer, the volume will also increase five times. With this increasing data volume, the chances of breaching will also increase.
North America region dominated the 5G security market and accounted for 30.11% share of the revenue in 2024. Palo Alto Networks., A10 Networks, Inc., and AT&T are among the leading industry participants driving the regional growth. The increasing use of 5G security solutions by the manufacturing companies, to prevent potential threats on 5G networks, offers growth prospects for 5G solutions providers in the region, supporting the market growth of North America. Furthermore, the increasing inclination for the digitalization is expected to fuel demand for the novel solutions from retail, healthcare, and other financial organizations.
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Report ID: SQMIG45A2497