Analysing the Future Landscape: 5G Security Market to USD 2.2 Billion Value in 2023 by 2030, With a 39.25% CAGR of – MarkNtel Advisors

Market Overview: Global 5G Security Market:

According to the latest report from MarkNtel Advisors, the Global 5G Security Market is projected to grow at a CAGR of approximately 39.25% from 2024-30. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.

Insights into Dominant Segments in the 5G Security Market

The comprehensive analysis of the 5G Security Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.

-By Deployment

Cloud
On-Premise

Cloud deployment is highly preferred in the 5G network security market for several compelling reasons like scalability, flexibility, cost-efficiency, rapid deployment, and centralized management. As the number of connected devices and data traffic is significantly increasing due to the surge in the usage of smartphones & internet penetration, there is a need for cloud deployments to seamlessly adjust resources to meet this demand. The cloud-based solutions easily scale up or down to accommodate the dynamic nature of 5G networks. In addition, cloud-based solutions support various 5G use cases and network configurations, making them well-suited for the diverse requirements of different industries and applications.

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Further, cloud-based security solutions are deployed quickly and remotely. This agility is crucial for organizations that aim to protect their 5G networks without the demand for lengthy and complex on-premises installations. In addition, these solutions are easily accessible and manageable from anywhere with an internet connection. As a result, the global giant telecom companies prefer to opt for cloud-based solutions, enhancing their share in the Global 5G Security Market.

-By Component

Solution- Market Size & Forecast 2019-2030, USD Million
Services- Market Size & Forecast 2019-2030, USD Million

-By Architecture

Radio Access Network (RAN)- Market Size & Forecast 2019-2030, USD Million
Mobile Core Security- Market Size & Forecast 2019-2030, USD Million

-By End-Users

IT & Telecom- Market Size & Forecast 2019-2030, USD Million
Banking, Financial Services, and Insurance (BFSI) – Market Size & Forecast 2019-2030, USD Million
Retail & E-Commerce- Market Size & Forecast 2019-2030, USD Million
Media & Entertainment – Market Size & Forecast 2019-2030, USD Million
Others (Healthcare, Hospitality, etc.) – Market Size & Forecast 2019-2030, USD Million

-By Organization Size

Small & Medium- Market Size & Forecast 2019-2030, USD Million
Large-Market Size & Forecast 2019-2030, USD Million

-By Application

Virtual & Augmented Reality- Market Size & Forecast 2019-2030, USD Million
Networked-Enabled Robotic and Autonomous Systems- Market Size & Forecast 2019-2030, USD Million
Distributed Sensing and Communications- Market Size & Forecast 2019-2030, USD Million
Connected Automotive- Market Size & Forecast 2019-2030, USD Million
Smart Cities- Market Size & Forecast 2019-2030, USD Million
Others (Smart Manufacturing, Wireless Brain-Computer Interactions (BCI), etc.)- Market Size & Forecast 2019-2030, USD Million

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5G Security Market Geographical Reach:

The report also examines the market’s geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Prominent 5G Security Market Competitive Landscape: and Their Strategic Outlook

The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.

Telefonaktiebolaget LM Ericsson
Palo Alto Networks
Thales Group
A10 Networks Inc.
Allot
AT&T Intellectual Property
F5, Inc.
Check Point Software Technologies Ltd.
Fortinet, Inc.
Spirent Communications
Jupiter Networks Inc.
Akamai Technologies
Zscaler, Inc.
Trend Micro Incorporated
Vmware
Others (Blackberry Limited, McAfee, etc.)

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Global 5G Security Market Industry Recent Development:

2023: Telefonaktiebolaget LM Ericsson, acquired another company ‘Cradlepoint’, to expand their product portfolio & strengthen their cloud-based security solutions.

2023: Palo Alto Networks, partnered with LTTS to provide enterprises with security services and solutions in 5G and Operational Technology (OT) areas.

Frequently Asked Questions

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.