The Germany market dominated the Europe 5G Security Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.64 billion by 2031. The UK market is exhibiting a CAGR of 36.5% during 2024-2031. Additionally, the France market would experience a CAGR of 38.8% during 2024-2031.
Utilizing artificial intelligence (AI), these applications can analyze network traffic patterns to detect anomalies and automatically respond to potential threats, significantly reducing incident response time. Security policies can be adjusted dynamically based on real-time assessments of network conditions, allowing for more responsive and adaptive security measures.
5G supports network slicing, where different applications can run on isolated virtual networks. Each slice can have security measures tailored to different applications' specific needs and threat profiles (e.g., healthcare vs. automotive). Network slicing enhances security by minimizing the risk of cross-contamination of vulnerabilities between slices by providing isolated environments for different users or applications.
The widespread adoption of smart manufacturing increases operational efficiency and amplifies the need for comprehensive security protocols, particularly with the rollout of 5G technology. The increased bandwidth and lower latency of 5G networks will facilitate real-time data exchange and remote monitoring, but they also present new vulnerabilities that must be addressed. The increasing investment in smart grid expansion across Europe is expected to impact the 5G security market's growth significantly. A significant portion of the proposed investments will be allocated to the modernization of the distribution infrastructure, which is essential for integrating renewable energy sources and maintaining a dependable energy supply. Hence, rising investments in smart manufacturing and expansion of the smart grid in the region are driving the market's growth.
List of Key Companies Profiled
- AT&T Inc.
- Ericsson AB
- Intel Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Nokia Corporation
- Juniper Networks, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
Market Report Segmentation
By Network Component Security- Core Security
- Radio Access Network Security
- IT & Telecommunications
- Manufacturing
- Healthcare
- Energy and Utilities
- Retail
- Automotive
- Media & Entertainment
- Other Industry Vertical
- On-Premises
- Cloud
- Large Enterprises
- SMEs
- Solution
- Services
- 5G NR Standalone
- 5G NR Non-Standalone
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Companies Mentioned
Some of the key companies profiled in this Europe 5G Security Market include:- AT&T Inc.
- Ericsson AB
- Intel Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Nokia Corporation
- Juniper Networks, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
Methodology
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