The North America 5G Security Market is expected to witness market growth of 37.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $7.62 billion by 2031. The Canada market is experiencing a CAGR of 40.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 39.3% during 2024-2031.
This market refers to the segment of the cybersecurity industry dedicated to developing and implementing security solutions specifically designed for 5G networks. As the fifth generation of mobile telecommunications technology, 5G brings significant advancements in speed, capacity, and connectivity, enabling a range of applications from enhanced mobile broadband to the Internet of Things (IoT) and mission-critical communications. However, with these advancements come new security challenges and vulnerabilities that must be addressed.
In addition, they encompasses a range of applications to protect networks, devices, and data from emerging threats. Due to their extensive connectivity, 5G networks are susceptible to Distributed Denial-of-Service (DDoS) attacks. Advanced security measures are deployed to detect and mitigate these attacks in real time, ensuring service continuity and reducing downtime. These systems can integrate self-healing capabilities that automatically detect failures or intrusions and take corrective actions to restore normal operations without human intervention.
The rapid digital transformation within the media and entertainment industry also raises significant cybersecurity concerns. As organizations migrate to 5G networks, the risks associated with data breaches, intellectual property theft, and unauthorized access to sensitive content are becoming more pronounced. With the stakes higher than ever, safeguarding creative assets and consumer data is crucial for maintaining trust and ensuring the integrity of the production process. The surge in cyberattacks highlights the urgent need for robust cybersecurity frameworks within the healthcare sector, particularly as organizations transition to 5G-enabled solutions. As more healthcare providers adopt telehealth services and Internet of Medical Things (IoMT) devices, the demand for comprehensive 5G security solutions will increase. Thus, the increasing media & entertainment industry and rising cases of cyberattacks in the region's healthcare sector are driving the market's growth.
The US market dominated the North America 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 $7.62 billion by 2031. The Canada market is experiencing a CAGR of 40.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 39.3% during 2024-2031.
This market refers to the segment of the cybersecurity industry dedicated to developing and implementing security solutions specifically designed for 5G networks. As the fifth generation of mobile telecommunications technology, 5G brings significant advancements in speed, capacity, and connectivity, enabling a range of applications from enhanced mobile broadband to the Internet of Things (IoT) and mission-critical communications. However, with these advancements come new security challenges and vulnerabilities that must be addressed.
In addition, they encompasses a range of applications to protect networks, devices, and data from emerging threats. Due to their extensive connectivity, 5G networks are susceptible to Distributed Denial-of-Service (DDoS) attacks. Advanced security measures are deployed to detect and mitigate these attacks in real time, ensuring service continuity and reducing downtime. These systems can integrate self-healing capabilities that automatically detect failures or intrusions and take corrective actions to restore normal operations without human intervention.
The rapid digital transformation within the media and entertainment industry also raises significant cybersecurity concerns. As organizations migrate to 5G networks, the risks associated with data breaches, intellectual property theft, and unauthorized access to sensitive content are becoming more pronounced. With the stakes higher than ever, safeguarding creative assets and consumer data is crucial for maintaining trust and ensuring the integrity of the production process. The surge in cyberattacks highlights the urgent need for robust cybersecurity frameworks within the healthcare sector, particularly as organizations transition to 5G-enabled solutions. As more healthcare providers adopt telehealth services and Internet of Medical Things (IoMT) devices, the demand for comprehensive 5G security solutions will increase. Thus, the increasing media & entertainment industry and rising cases of cyberattacks in the region's healthcare sector 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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America 5G Security Market by Network Component Security
Chapter 6. North America 5G Security Market by Industry Vertical
Chapter 7. North America 5G Security Market by Deployment Mode
Chapter 8. North America 5G Security Market by Organization Size
Chapter 9. North America 5G Security Market by Component
Chapter 10. North America 5G Security Market by Architecture
Chapter 11. North America 5G Security Market by Country
Chapter 12. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 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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