5G Security Market Growth Drivers, and Competitive Landscape
According to the latest market research report title “5G Security Market By Component (Solution [Next gen firewall, Antivirus/Antimalware, Security Gateway, Distributed Denial of Service Protection {DDoS}, Sandboxing, Others], Services [Consulting & Advisory Services, Managed Services, Others]), By Deployment (Cloud, On-Premise), By Architecture (Radio Access Network [RAN], Mobile Core Security), By End-Users (IT & Telecom, Banking, Financial Services, and Insurance [BFSI], Retail & E-Commerce, Media & Entertainment, Others), By Organization Size (Small & Medium, Large), By Application (Virtual & Augmented Reality, Networked-Enabled Robotic and Autonomous Systems, Distributed Sensing and Communications, Connected Automotive, Smart Cities, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2024″, published by MarkNtel Advisors, The Global 5G Security Market size was valued around USD 2.2 billion in 2023 and estimated to grow at a CAGR of about 39.25% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global 5G Security Market Challenge:
Complex Network Architecture and Integration Restraining the Adoption of 5G Network Security Solutions – 5G networks consist of numerous components, including core networks, Radio Access Networks (RANs), edge computing nodes, and IoT devices, making the network highly complex & decentralized. As a result, the amalgamation of security solutions within the 5G network is highly complicated & challenging for end-users.
In addition, end-users often source equipment and software from multiple vendors, leading to vendor diversity in their networks. Amalgamation of security solutions across this diverse vendor landscape is complex and requires custom integration efforts. Further, each component in the 5G network has unique security requirements, making it challenging for the security solution providers to develop a one-size-fits-all security approach. Therefore, the extensive components and vendor diversity delay the adoption of 5G security solutions, as organizations need more time and resources to navigate and overcome these complexities.
5G SECURITY Market Segmentation
The 5G SECURITY Market is highly robust and fragmented into numerous segments; –
By Component
-Solution- Market Size & Forecast 2019-2030, USD Million
–Next gen firewall- Market Size & Forecast 2019-2030, USD Million
–Antivirus/Antimalware- Market Size & Forecast 2019-2030, USD Million
—Security Gateway- Market Size & Forecast 2019-2030, USD Million
-Distributed Denial of Service Protection (DDoS)- Market Size & Forecast 2019-2030, USD Million
–Sandboxing- Market Size & Forecast 2019-2030, USD Million
–Others (Encryption Software, Intrusion Detection and Prevention Systems (IDPS), etc.) – Market Size & Forecast 2019-2030, USD Million
-Services- Market Size & Forecast 2019-2030, USD Million
–Consulting & Advisory Services- Market Size & Forecast 2019-2030, USD Million
–Managed Services- Market Size & Forecast 2019-2030, USD Million
-Others (Application & Content Services, Support & Maintenance, etc.)- Market Size & Forecast -2019-2030, USD Million
By Deployment
-Cloud- Market Size & Forecast 2019-2030, USD Million
-On-Premise- Market Size & Forecast 2019-2030, USD Million
By Architecture
-Radio Access Network (RAN)- Market Size & Forecast 2019-2030, USD Million
–New Radio (NR) Standalone- Market Size & Forecast 2019-2030, USD Million
–New Radio (NR) Non-Standalone- Market Size & Forecast 2019-2030, USD Million
-Mobile Core Security- Market Size & Forecast 2019-2030, USD Million
By End-Users
-IT & Telecom- Market Size & Forecast 2019-2030, USD Million
-Banking, Financial Services, and Insurance (BFSI) – Market Size & Forecast 2019-2030, USD Million
-Retail & E-Commerce- Market Size & Forecast 2019-2030, USD Million
-Media & Entertainment – Market Size & Forecast 2019-2030, USD Million
-Others (Healthcare, Hospitality, etc.) – Market Size & Forecast 2019-2030, USD Million
By Organization Size
-Small & Medium- Market Size & Forecast 2019-2030, USD Million
-Large-Market Size & Forecast 2019-2030, USD Million
By Application
-Virtual & Augmented Reality- Market Size & Forecast 2019-2030, USD Million
-Networked-Enabled Robotic and Autonomous Systems- Market Size & Forecast 2019-2030, USD Million
-Distributed Sensing and Communications- Market Size & Forecast 2019-2030, USD Million
-Connected Automotive- Market Size & Forecast 2019-2030, USD Million
-Smart Cities- Market Size & Forecast 2019-2030, USD Million
-Others (Smart Manufacturing, Wireless Brain-Computer Interactions (BCI), etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the 5G SECURITY Market: –
Zscaler, Inc.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Trend Micro Incorporated
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Vmware
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the 5G SECURITY Market during the forecast period?
- Which segment is expected to lead the 5G SECURITY Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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