According to Future Market Insights research, the global 5G security market is estimated at USD 1.2 Billion in 2022 and is projected to reach USD 12.5 Billion by 2032, at a robust CAGR of 26.4% from 2022 to 2032. This growth can be attributed to the following factors:
| Attribute | Details |
|---|---|
| Estimated 5G Security Market Size 2022 | USD 1.2 Billion |
| Projected 5G Security Market (2032) Market Size | USD 12.5 Billion |
| Forecast CAGR (2022 to 2032) | 26.4% |
| Historical CAGR (2019 to 2021) | 44.6 |
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Several factors, including network slicing and significant security augmentation over 4G and LTE, are driving the demand for 5G security. When data is encrypted, 5th-generation technology prioritizes the privacy of both companies and people. As a result, hackers find it more challenging to decode the data. Additionally, the data is available quickly since it is routed via virtual switches and hubs rather than any other hardware component.
Fifth-generation technology is being used, it is anticipated that this would draw clients, corporate users, and mobile phone network carriers to a single platform. This will create a dependency between company activities that are digitally and automatically controlled and operated, as well as the management and use of corporate machinery. Additionally, the telecom systems' cyber-physical interdependence will be strengthened, and other infrastructural providers' smart connections will help to provide creative mobile network access. Such benefits are expected to boost the global demand for the 5G security market.
Numerous operators have concentrated on safeguarding their carrier network in light of the surge in network attacks. In the aftermath of the bank theft, for instance, O2 Telefonica in Spain hired 1,100 security personnel and 660 analysts to work in 7 Security Operations Centers (SOCs) all throughout the globe. Additionally, 3,100 security professionals are employed by British Telecom (BT), which has 15 security operations centers across the world and is licensed by the UK government to verify its network systems. BT discusses utilizing artificial intelligence (AI) to protect the data of its customers. Its robot-assisted cyber threat scanning technology locates and comprehends cybersecurity vulnerabilities across huge datasets using visual representations. The cost of network security measures will significantly increase as a result of these costs.
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Depending on component type, the 5G security market is divided into services and solutions. During the anticipated period, the market for services is anticipated to increase profitably. A complete, unconventional, adaptable, and expandable end-to-end system is demonstrated by 5G. Customers who use 5G services can access apps that support the Internet of Things (IoT), extremely real-time communications (RTC), ultra-reliable communication systems, and broadcast-like applications.
Fifth-generation services meet the growing consumer desire for mobile on-the-go services integrated into cars that offer in-vehicle services and assistance during vehicle inspections and automated driving applications. Also, solutions aimed at certain business verticals including financial services, healthcare, automotive, media, and others have fifth-generation security enabled across a variety of industry verticals. The flexibility of the 5G security services allows for the creation of creative partnerships and adaptable business models.
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Companies always have imminent threats regarding data breaches, data theft, and cyber-attack. To prevent the attacks companies are implementing 5G security architecture into their systems. This attack can be caused because of malevolent organizations associated with networks by unidentified network devices, and poor information encryption can cause a breach of sensitive information. As more companies are interested in converting their conventional work form into fully automated and digital platforms, there is always a threat of cyber-attack.
5G technology enhances security by providing advanced features like user authentication, enhanced user privacy, and strong network authorization. With 5G security, businesses are able to encrypt information, safeguard its integrity, and perform verification during the information transmission process. Numerous industries are worried about the security of their IoT gadgets as they contain data like individual information, business-sensitive data, and basic framework. As the 5G penetration is projected to skyrocket in the coming years, there are high speculations of their security breach. Businesses around the globe thus have become agile towards the implementation of 5G security into their operations. This is consequently expected to drive the 5G security market at a significant pace in the coming decade.
With the growing concern of consumers worldwide regarding their health and their growing annual healthcare budget, healthcare stakeholders are becoming richer every day. But, at the same time, the evolution of new technologies and their need for speed and automation have made them vulnerable to cyber threats. 5G capabilities have added numerous advantages to the healthcare sector including speed, capacity, hyper-connectivity, low latency, and data-driven insights. The higher speed and lower latency offered by 5G can be a boon to cyber attackers as it offers the opportunity to access more data due to hyper-connectivity.
Besides, the connectivity of multiple healthcare devices and processes further makes the entire system vulnerable if attacked once. The other types of 5G security threats can be in terms of DoS and DDoS attacks and jamming of networks. These security threats have made healthcare fraternities ponder prospective solutions, such as 5G security. Healthcare IT expenditure stands at nearly USD 74 Billion and is growing at an annual rate of over 10%. 5G Security being a part of and of utmost importance to healthcare providers, is expected to garner a fair share of this expenditure in the coming decade.
The Telecom industry is responsible for the transfer of voice and data across the globe with high consistency and quality. Users can stay connected across the globe without any interruption with the help of better technology. Increasing use of mobile networks to access video content, digital payments, online retail, and video conferences have contributed to mobile traffic. During a pandemic, mobile traffic has surged nearly 60% globally. Subscriber data contains communication information as well as subscriber-related data, for example, identities, geographical location, membership profiles, and call data records. Operators are bending towards the 5G technology to protect the subscriber’s information and ensure the threats regarding data breaches.
The USA is considered a lucrative market for 5G Security and is expected to register a significant CAGR of 25.9% for the forecast period 2022 to 2032. This 5G security strategy offers a far more effective way to deal with network advancements, expanding the technology strength of the USA to develop and contribute while planning government strategies to help and supplement those qualities.
The 5G security market in China is expected to register a CAGR of 25.6% during the forecast period. China has currently 1.43 million 5G base stations and over 500 million 5G subscribers. Based on the number of subscribers, the implementation of 5G security to ensure data safety is done lucratively. China will work with different partners to promote advancing 5G applications in many industries that target data security. China is expected to accomplish a few steps forward in 5G security advancement as it is prone to most cyber-attacks.
North America is holding a significant share of the 5G security market. North America has significant developments in 5G technology, and certain security measures are taken to eliminate the leak. North America is doing a prominent job distributing spectrum for 5G, both high-band and low-band. On the other hand, it lags behind in the distribution of the mid-band spectrum. If North America is to remain competitive in the new digital world, it must repurpose the mid-band spectrum for 5G. Some incumbent spectrum holders may object to repurposing, although the national security constraints that determine spectrum allocations have evolved. North America is competing in a world where technical and economic leadership are just as vital as military might, because of which implementation of 5G security is growing prominently.
The solutions segment is having the largest market share in the forecast period. It is expected to grow at a CAGR of 25.8% in the next ten years. Solutions comprise all the necessary tools responsible to ensure safety. Some tools are next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, and sandboxing which are used to ensure 5G security.
Next-generation firewalls are an effective method that provides a series of layers before entering into the main frame. Companies using next-generation firewalls are Avangrid, Flexential, Avantor Inc., Worldpac, and PAE to ensure strong 5G security.
Data Loss Prevention gives command over who might access as well as share their information. DLP instruments help to plan Data Loss Prevention methodologies by giving pre-characterized approach controls to follow the development of information. It additionally forestalls unapproved sharing, moving, as well as leaks of information. According to Verizon’s 2021 Data Breach Investigations Report, the malware was involved in nearly 15% of data breaches. The average time taken to identify and contain data breach is around 287 days. Due to this various industries are implementing security solutions to maintain security.
5G non-standalone architecture is expected to grow at a CAGR of 24.9% for the forecast period of 2022 to 2032. The first rollout of 5G networks is a Non-standalone arrangement that draws attention toward enhanced broadband to give higher information transmission capacity and reliable connectivity. They are in accordance with the 3GPP determination that early rollouts of 5G network and gadgets be brought under NSA activity - meaning, the 5G network will be helped by the existing 4G framework. Therefore, specialist organizations that need to be the first to offer 5G speeds will begin with NSA and, when 5G inclusion is laid out, carry out independent 5G. Due to the above reason the cost for 5G non-standalone is less than 5G standalone. Companies are keen to invest in 5G security which has implemented 5G non-standalone architecture because of the cost-effectiveness.
5G networks, which are cloud supportive, will be a worthwhile objective for cyber threat bodies who are interested in corrupting, stealing, and compromising the data. To counter this, 5G cloud infrastructure is configured to restrict unauthorized access to secure network functions.
Companies have been successfully implementing the cloud infrastructure, with the help of artificial intelligence and machine learning companies are automating the process and the data or formula details are stored in the cloud platform which can be accessed remotely. Besides, Implement Secure Identity and Access Management (IDAM) is prominently used in the 5G cloud.
In North America companies implementing the 5G cloud mushroomed by 78% in the pandemic era, owing to a nearly 600% increase in cyber-attacks in the pandemic period compared to the previous years.
Leading players operating globally in the market are focusing on expansion, development, and new product launches in order to expand their business globally.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2019 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific & MEA |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, Italy, France, UK, Russia, BENELUX, China, Japan, South Korea, GCC Countries, South Africa, Turkey |
| Key Segments Covered | Component, Network Component Security, Architecture, End User, Deployment Type, Vertical, and Region. |
| Key Companies Profiled | Ericsson; Palo Alto Networks; A10 Networks; Allot; Huawei; Nokia; Juniper Networks; Fortinet; Mobileum; ZTE |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The 5G security market is likely to secure a CAGR of 26.4% through 2032.
The 5G security market size is estimated to cross USD 12.5 Billion by 2032.
The 5G security market is likely to record a value of USD 1.2 Billion in 2022.
The USA is likely to lead the global 5G security market.
1. Executive Summary | 5G Security Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Component 5.1. Solutions 5.2. Services 6. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Network Component Security 6.1. RAN Security 6.2. Core Security 7. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Architecture 7.1. 5G NR Non-standalone 7.2. 5G NR Standalone 8. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By End-user 8.1. Telecom Operators 8.2. Enterprises 9. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Deployment Type 9.1. Cloud 9.2. On-Premises 10. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Vertical 10.1. Manufacturing 10.2. Healthcare 10.3. Energy and Utilities 10.4. Retail 10.5. Automotive and Transportation 10.6. Public Safety 10.7. Media and Entertainment 10.8. Others 11. Global Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Asia Pacific 11.5. Middle East and Africa 12. North America Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Country 13. Latin America Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Country 14. Europe Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Country 15. Asia Pacific Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Country 16. Middle East and Africa Market Analysis 2019 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Ericsson 19.2. Palo Alto Networks 19.3. A10 Networks 19.4. Allot 19.5. Huawei 19.6. Nokia 19.7. Juniper Networks 19.8. Fortinet 19.9. Mobileum 19.10. ZTE 20. Assumptions & Acronyms Used 21. Research Methodology
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