5G Security Global Market Report 2024

The global 5g security market has grown rapidly in recent years. It will grow from $8.34 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth observed in the historical period can be attributed to factors such as an increased emphasis on identity and access management, the adoption of virtualization and cloud-native infrastructure, the implementation of zero-trust security models, and the shift towards edge computing.

The global 5g security market is expected to see rapid growth in the next few years. It will grow to $19.05 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The anticipated growth in the forecast period can be attributed to factors such as the rapid expansion of 5G networks, increasing integration of the Internet of Things (IoT), the rise in cyber threats, regulatory emphasis on security measures, and the growing demand for security in edge computing. Major trends expected in the forecast period include the development of identity and access management solutions, advancements in virtualization and cloud security, the integration of artificial intelligence (AI) and machine learning (ML) for threat detection, the adoption of zero-trust security models, and a heightened focus on edge computing security.

The escalation of cyber-attacks is anticipated to drive the advancement of the 5G security market in the foreseeable future. Cyber-attacks denote hostile actions executed against single computers, networks, or multiple systems by hackers utilizing one or more computer systems. 5G security solutions offer paramount security and privacy advantages, including anti-tracking measures and spoofing protection. Consequently, the surge in cyber-attacks heightens the demand for 5G security measures. For instance, as per the Federal Bureau of Investigation's Internet Crime Report in 2021, a US-based federal agency dedicated to investigating cybercrimes and intrusions, registered complaints related to cybercrimes in the USA totaled 84.73 thousand cases, showcasing a 7% increase from 2020. Hence, the mounting instances of cyber-attacks serve as a catalyst propelling the growth of the 5G security market.

The increasing count of internet users is poised to fuel the expansion of the 5G security market moving forward. Internet users encompass individuals who have accessed the web within the preceding three months. The role of 5G security is pivotal in safeguarding these users by providing robust defenses against cyber threats, ensuring the confidentiality and integrity of data transmissions, and establishing secure connectivity. For example, as highlighted in the Canadian Internet Use Survey 2022 by Statistics Canada in July 2023, internet usage among Canadians aged 15 and above surged from 92% in 2020 to 95% in 2022. Notably, individuals aged 75 and above exhibited the most significant upsurge, rising from 62% in 2020 to 72% in 2022. Consequently, the burgeoning count of internet users constitutes a driving force behind the expansion of the 5G security market.

Technological advancements represent a pivotal trend gaining traction within the realm of 5G security. Leading companies in the 5G security domain prioritize the development of novel technological solutions to fortify their market positioning. For instance, in February 2022, Palo Alto Networks, a US-based enterprise specializing in 5G security, introduced Cortex XSIAM, heralded as the inaugural AI-powered SOC platform deployed by security organizations. This groundbreaking platform promises to revolutionize security operations by enabling organizations to construct an intelligent data foundation and identify emerging threats across their entire security infrastructure. By collecting granular data and alerts, Cortex® XSIAM drives machine learning for autonomously responding to the detection of highly sophisticated, emergent threats.

Leading enterprises within the 5G security market are intensifying their efforts towards the development of pioneering technologies, notably cybersecurity solutions, to secure a competitive advantage in the market landscape. Cybersecurity solutions encompass tools and services pivotal in assisting organizations to safeguard their networks, systems, and data from potential cyber threats. For instance, in February 2023, Atos, a France-based information system company, unveiled its latest security offering, 5Guard. This innovative solution is tailored to furnish advanced security measures to entities deploying private 5G networks and telecommunications operators. Atos' commitment lies in delivering top-tier security for 5G implementations, addressing critical security requisites inherent in the deployment of 5G networks. The 5Guard offering aims to meet the escalating demand for robust security solutions within the dynamic framework of evolving 5G technology. It aims to equip organizations and telecom operators with the confidence and resilience needed to deploy 5G networks while fortifying defenses against potential security threats.

In February 2021, Keysight Technologies, Inc., a US-based enterprise specializing in optimizing networks and bringing electronic products to market, acquired Sanjole in an undisclosed deal. This strategic acquisition positions Keysight Technologies Inc. to furnish an extensive and innovative portfolio of 5G solutions, positioning itself at the forefront of advancing communication technology. Sanjole, a US-based company specializing in 5G security, aligns cohesively with Keysight's strategic vision, enhancing its capabilities in providing holistic 5G solutions.

Major companies operating in the 5g security market report are Telefonaktiebolaget LM Ericsson, Palo Alto Networks Inc., Cisco Systems Inc., Allot Ltd., Huawei Technologies Co. Ltd., A10 Networks, Nokia Networks, F5 Networks Inc., Juniper Networks Inc., Spirent Communications PLC, Fortinet Inc., Mobileum Inc., Trend Micro Inc., Radware Inc., Riscure B.V., G+D Mobile Security, China Mobile Ltd., Cloudflare Inc., DigitCert Inc., Infineon Technologies AG, ZTE Corporation, Akamai Technologies Inc., Colt Technology Services Group Limited, CLAVISTER, AT&T Inc., Avast Software s.r.o., Check Point Software Technologies Ltd., ForgeRock Inc., Positive Technologies, Thales Group, Symantec Enterprise, McAfee Corp.

North America was the largest region in the 5G security market in 2023. The regions covered in the 5g security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 5g security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key components of 5G security encompass solutions and services. Solutions are focused on securing interconnections between 5G networks, ensuring secure interoperability services (both backward and forward compatibility), and securing connections on different 5G slices, thereby maintaining Quality of Service (QoS) and Quality of Experience (QoE). The target organizations for 5G security include both large enterprises and small to medium-sized enterprises (SMEs). Deployment types can be on-premises or cloud-based. Various applications are associated with 5G security, including virtual and augmented reality, connected automotive, smart manufacturing, smart cities, and others. These applications find application across different industry verticals such as manufacturing, healthcare, retail, automotive and transportation, Banking, Financial Services, and Insurance (BFSI), and others.

This report provides 5G security market statistics, including 5G security industry global market size, regional shares, competitors with a 5G security market share, detailed 5G security market segments, market trends and opportunities, and any further data you may need to thrive in the 5G security industry. This 5G security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The 5G security market includes revenues earned by entities by providing improved cryptography, enhanced secure roaming, malware protection, virus and threat protection services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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