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.
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Manufacturing segment to grow at the highest market share during the forecast period
Organizations are harnessing a new generation of M2M systems, mobile apps, and hosting services in the manufacturing vertical. Furthermore, the manufacturing companies majorly rely on software to automate processes, manage supply chains, facilitate R&D, and digitalize processes and products. Cyberattacks hamper data confidentiality in the form of data loss and system breakdowns, ultimately delaying the manufacturing speed. Hence, the manufacturing industry vertical needs to protect its entire manufacturing process and network infrastructure from the evolving volumetric cyberattacks with the help of 5G security solutions.
Scope of the Report:
| Report Metrics | Details |
| Market size available for years | 2020-2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2027 |
| Forecast units | Value (USD Million) |
| Segments covered | By component, deployment mode, organization size, end user, network component security, architecture, application, vertical, and region |
| Regions covered | North America, Europe, Asia Pacific, and Rest of world |
| 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). |
5G NR Standalone segment is expected to grow at a highest market share during the forecast period
The 5G NR standalone network is a completely new radio network for the 5G network. It mainly comprises 5G RAN and 5G core networks. 5G NR standalone solutions are expected to be more effective than 5G NR non-standalone solutions. The 5G NR standalone solutions would have various new in-built capabilities. Some of the new in-built capabilities include network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization. In the 5G NR standalone segment, the 5G security solutions deployment is at a nascent stage. The segment is expected to grow exponentially during the forecast period.
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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.
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.
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