5G Security Market size is expected to grow USD 1.3 billion in 2022 to USD 7.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 41.6%
Northbrook, IL 60062 — (SBWIRE) — 06/08/2022 — According to a new market research report “5G Security Market with Covid-19 Impact Analysis by Component, Deployment Mode, Organization Size, End User, Network Component Security (RAN and Core Security), Architecture, Application, Vertical and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global 5G security market size is expected to grow from USD 1.3 billion in 2022 to USD 7.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 41.6% during the forecast period.
Browse in-depth TOC on “5G Security Market”
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261636732
Manufacturing segment to grow at the highest market share during the forecast period
Organizations are harnessing a new generation of M2M systems, mobile apps, and hosting services in the manufacturing vertical. Furthermore, the manufacturing companies majorly rely on software to automate processes, manage supply chains, facilitate R&D, and digitalize processes and products. Cyberattacks hamper data confidentiality in the form of data loss and system breakdowns, ultimately delaying the manufacturing speed. Hence, the manufacturing industry vertical needs to protect its entire manufacturing process and network infrastructure from the evolving volumetric cyberattacks with the help of 5G security solutions.
5G NR Standalone segment is expected to grow at a highest market share during the forecast period
The 5G NR standalone network is a completely new radio network for the 5G network. It mainly comprises 5G RAN and 5G core networks. 5G NR standalone solutions are expected to be more effective than 5G NR non-standalone solutions. The 5G NR standalone solutions would have various new in-built capabilities. Some of the new in-built capabilities include network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization. In the 5G NR standalone segment, the 5G security solutions deployment is at a nascent stage. The segment is expected to grow exponentially during the forecast period.
Europe region to record the second highest CAGR in the 5G security market
Europe has been the frontrunner in 5G trials and projects that are currently being implemented in various regions of the world. Various industries are identifying the best context to launch 5G services across Europe by 2020, including enhanced mobile broadband, massive machine-type communications, and ultra-reliable and low-latency communication. Such commercial 5G launches require substantial investments for the new infrastructure; a large amount of spectrum; new capabilities’ and close collaboration between the telecom players, network enablers, and government authorities. To facilitate the adoption of 5G technologies, the European Commission and the Member States encourage cross-sector innovations through adequate policies and support for the cross-sector hubs for experiments, trials, and large-scale pilot programs. For instance, in 2016, the UK government announced its intention to invest in the 5G testbed initiatives program. This initiative helped Brighton, Basingstoke, and the Northeast to start 5G test research programs. In 2016, the Federal Government of Germany launched its 5G Initiative, which represents a plan to support the deployment of 5G networks. This will be done with a complete 5G core and the development of 5G applications, at an early stage across multiple industries. The 5G strategy broadly elaborates on the context and fields of action regarding the rollout of 5G networks in Germany in 2025. All the above-mentioned developments of the 5G network are expected to drive the growth of 5G security solutions to maintain more secure access to the network.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=261636732
Key and innovative vendors in the 5G security market are Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), Broadforward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/5g-security.asp
For more information on this press release visit: http://www.sbwire.com/press-releases/5g-security-market-share-will-hit-72-billion-by-2027-1358748.htm
Media Relations Contact
Email: Click to Email Amish Keshwani