5G Security Market worth $9.2 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, Sept. 8, 2023 /PRNewswire/ -- Addressing the particular security concerns posed by 5G technology, such as sophisticated threats, network slicing, IoT security, and edge computing, will be the focus of the 5G Security Market in the future. The integrity and resilience of 5G networks and apps will depend on cutting-edge technologies, cooperation, and a proactive security posture.
The 5G Security Market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 9.2 billion by 2028, at a CAGR of 38.9% from 2023 to 2028, according to a new report by MarketsandMarkets™. The 5G network is connected to vertical industrial networks, such as automobiles, medicine, factories, and IoT devices which creates a network connection structure that comprises complex heterogeneous networks centered on the 5G networks.
Browse in-depth TOC on "5G Security Market"
177 - Tables
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261636732
Scope of the Report
By offering, the solutions segment is estimated to account for the largest market share in 2023.
Due to the increasing complexity and interconnectedness that 5G technology delivers, security is a major problem. With 5G, the fifth generation of wireless networks, data rates are increased, latency is decreased, and there is support for a huge number of connected devices. These benefits, meanwhile, also increase the potential attack surface for online attackers. An all-encompassing solution calls for a multifaceted strategy to solve the security issues around 5G. To protect the secrecy of data exchanged over the network, strong encryption mechanisms must first be put in place. Second, strong authentication procedures and access controls must be in place to guarantee that only authorized individuals and devices can access the network. Thirdly, technologies for continuous monitoring and threat detection must be used to quickly spot and stop any suspicious activity.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=261636732
By network security, RAN security is expected to register the largest market size during the forecast period.
Base stations and antennas that cover a particular area based on their capacity are included in Radio Access Network (RAN) components, as is a core network that includes a RAN controller. The heart of contemporary LTE networks must have an Evolved Packet heart (EPC). Numerous cyberattacks reduce the RAN's performance and interfere with internet services by causing low latency. Because 5G security solutions shield RANs from cyberattacks, there is no bandwidth consumption from unauthorized traffic. All RAN interfaces transport important communication, and intruders who read or change the data can seriously damage the network. As a result, businesses have used 5G security solutions broadly.
Asia Pacific is expected to have the highest growth rate.
The Asia Pacific region's enormous population has produced a sizable pool of mobile subscribers for telecom firms. The region contributes the most mobile customers to the global total and will continue to grow its network in the upcoming years. A variety of nations undergoing digital transformation can be found in this diverse region. Leading technologies like 5G and edge computing are predicted to be dominated by the Asia-Pacific area. 5G security and blockchain. The size, variety, and strategic leadership of countries, including Singapore, are the key causes of the dominance. Australia, China, South Korea, and Japan. The two biggest economies that manufacture vehicles, IT, networking, and electronic devices are Japan and China.
Top Key Companies in 5G Security Market:
The major vendors covered in the 5G security 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).
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=261636732
5G Security Market Advantages:
Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting
Wi-Fi 6 Market - Global Forecast to 2028
Digital BSS Market - Global Forecast to 2028
Contact Center Software Market - Global Forecast to 2028
Mobile Device Management Market - Global Forecast to 2027
Voice Assistant Application Market - Global Forecast to 2026
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessinsg the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/5g-security-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/5g-security.asp
How to Sell AI-Enhanced Services to Drive Revenue
Generative AI Solutions Showcase Session
What Hackers Know that You Should Know Too