Regional Analysis
5G Security Market size is expected to expand at 44% CAGR over the forecast period (2020-2026), asserts Market Research Future (MRFR) in its latest report. It is expected to exceed a valuation of USD 5,201.4 Billion by 2026
North America is expected to be the dominating region due to the surging demand for 5G security for implementing 5G networks, in this region. The North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. Additionally, the North American market for data discovery solutions is expected to grow further due to presence of key players in the region including such as A10 Networks ( US ), Akamai ( US ), AT&T ( US ), Check Point ( US ), Cisco ( US ), F5 Networks ( US ), ForgeRock ( US ), Fortinet ( US ), Juniper Networks ( US ), Mobileum ( US ), Palo Alto Networks ( US ) and Spirent ( US ).
The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market, while Germany is expected to register the highest growth over the review period. A growing number of 5G security vendors in the region are boosting the adoption of 5G security to improve operational efficiency.
The market in Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share is attributable to increasing investments in telecommunication infrastructure and digital transformation, in China, Japan and South Korea.
The market in the Middle East & Africa and South America is expected to register steady growth during the forecast period.
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Market Highlights
The global 5G security market has been segmented based on components , network component security , architecture, end user, deployment type, vertical and region
Based on components, the 5G Security Market Growth has been segmented into solutions and services.
Solution segmented is further bifurcated into next-generation firewall, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, sandboxing, others. Additionally, the other segment divided into network access control [NAC] and network vulnerability assessment and penetration testing [VAPT]. Furthermore, the services segment is divided into consulting, implementation, support and maintenance.
Based on network component security, the 5G security market has been segmented into RAN Security and Core Security.
Based on architecture, the 5G security market has been segmented into 5G NR non-standalone and 5G NR standalone.
Based on end user, the 5G security market has been segmented into telecom operators and enterprises.
Based on deployment type, the 5G security market has been segmented into cloud and on-premises.
Based on vertical, the 5G security market has been segmented into manufacturing, healthcare, energy and utilities, retail, automotive and transportation, public safety, media and entertainment, others. The other segment is further bifurcated into BFSI, agriculture, and education
The global 5G security market has been analysed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
Key Players
The key players in the global 5G security market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include A10 Networks ( US ), Akamai ( US ), Allot ( Israel ), AT&T ( US ), Avast ( Czech Republic ), Check Point ( US ), Cisco ( US ), Clavister ( Sweden ), Colt Technology ( UK ), Ericsson ( Sweden ), F5 Networks ( US ), ForgeRock ( US ), Fortinet ( US ), G+D Mobile Security ( Germany ), Huawei ( China ), Juniper Networks ( US ), Mobileum ( US ), Nokia ( Finland ), Palo Alto Networks ( US ), Positive Technologies ( UK ), Radware ( Israel ), Riscure ( The Netherlands ), Spirent ( US ), Trend Micro ( Japan ), and ZTE ( China ).
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5G Security Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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