Global 5G security market is anticipated to grow at a CAGR of 13.4% during the forecast period (2024-2031). The market growth is attributed to the growing attacks on critical infrastructure, rising ransomware attacks on Internet-of-Thing (IoT) devices, and growing security concerns in the 5G network drive the market growth. 5G Security is a critical component of 5G architecture for Standards Development Organizations (SDOs), industry forums, vendors of network functions, and Mobile network operators (MNOs). According to the World Economic Forum (WEF), in February 2024, there were huge cyber losses amounting $1 million in recent years, which depicts that the number of cases in which data is exfiltrated is increasing doubling from 40.0% in 2019 to almost 80.0% in 2022.
Browse the full report description of “5G Security Market Size, Share & Trends Analysis Report by Offering (Solution and Services), by Network Security (Radio Access Network (RAN) Security and Core Security), by Architecture (5G NR Standalone and 5G NR Non-Standalone) and by End-User (Industries and Telecom Operators Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/5g-security-market
Focus on security threats and controls continues to be necessary to gain the trust of enterprises, manufacturing, critical infrastructure providers, and governments that are exploring opportunities to leverage 5G for improved communications, operations, and new revenue streams. For instance, in September 2023, the US National Science Foundation (NSF) invested $25.0 million to advance technologies and communications to operate securely through 5G networks. It enables enhancements to end devices such as smartphones and tablets and augmentations to 5G wireless infrastructure, providing capabilities to military, government and critical infrastructure operators to operate through public 5G networks while meeting security and resilience requirements. The convergent track supports the development of technologies to secure 5G and permit the secure use of non-secure networks.
To improve 5G security posture, key players are extending their support to identify risks by developing an end-to-end security strategy which protects critical business and data, while accelerating the digital transformation. Further, it also minimizes risks across radio access networks (RAN), multiple access edge computing (MEC), 5G core networks, and multi-cloud platforms. For instance, in February 2023, Atos SE introduced a new ‘5Guard’ security offering for organizations looking to deploy private 5G networks and for telecom operators looking to enable integrated, automated, and orchestrated security to protect and defend their assets and customers.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Offering
o By Network Security
o By Architecture
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Broadcom Inc., Intel Corp., Palo Alto Networks, Inc., Telefonaktiebolaget LM Ericsson, and Thales Group, among others.
Key questions addressed by the report.
Global 5G Security Market Report Segment
By Offering
By Network Security
By Architecture
By End-User
Global 5G Security Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East & Africa
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