5G Security Market is estimated to grow at a CAGR of over 39.25% During 2024-30

Quick Overview of the Global 5G Security Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Global 5G Security Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights & Analysis: Global 5G Security Market (2024-30):

According to the latest report, the Global 5G Security Market size was valued around USD 2.2 billion in 2023 and estimated to grow at a CAGR of about 39.25% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2024-30.

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Global 5G Security Market Challenge:

Complex Network Architecture and Integration Restraining the Adoption of 5G Network Security Solutions – 5G networks consist of numerous components, including core networks, Radio Access Networks (RANs), edge computing nodes, and IoT devices, making the network highly complex & decentralized. As a result, the amalgamation of security solutions within the 5G network is highly complicated & challenging for end-users.

In addition, end-users often source equipment and software from multiple vendors, leading to vendor diversity in their networks. Amalgamation of security solutions across this diverse vendor landscape is complex and requires custom integration efforts. Further, each component in the 5G network has unique security requirements, making it challenging for the security solution providers to develop a one-size-fits-all security approach. Therefore, the extensive components and vendor diversity delay the adoption of 5G security solutions, as organizations need more time and resources to navigate and overcome these complexities.

Market Bifurcations Based on Different Segments:

The 5G Security Market covered in this report is segmented into:

-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.

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

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/5g-security-market.html

On the geographical front, the 5G Security Market expands across the following:

-By Region

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

Companies Listed in 5G Security Market

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.)

5G Security Market Report Table of Contents Includes:

Introduction
Executive Summary
Expert Verbatim- What our Experts Say?
5G Security Management Market Pricing Analysis
Competitive Outlook
Disclaimer

Customization of Reports Available - https://www.marknteladvisors.com/query/request-customization/5g-security-market.html

Reasons to Buy the Market Report

The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the 5G Security Marketto plan their strategic investments.
The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the 5G Security Market.

Why choose MarkNtel?

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 Video Analytics 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.