About 5G Security
With the implementation of IMSI encryption in 5G, a new age of network security begins. All data transmitted over a 5G radio network is encrypted, integrity-protected, and subject to mutual authentication, for example, system to network. With rapid advances in security functions through various technologies such as Mobile Edge Computing (MEC), IoT networks, and convergence infrastructure, the 5G security market is expected to reach a new milestone. For creating real-time and easy connections between connected devices, the demand for fast network connections is rapidly growing. With the support of 5G encryption, some of the largest telecommunications service providers, such as AT&T, Verizon, and others, are increasingly implementing 5G networks. New shared authentication features, additional security measures, improved subscriber identity defence, advanced persistent threats, and other sophisticated cyber threats are all regulated by the 5G security solution. Such proactive technologies can assist security professionals in detecting and responding to threats faster, as well as protecting companies from data breaches that can cost millions of dollars to recover.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is highly competitive with several global players present in the market. The major are trying to implement various technologies and are trying to diversify by collaborating with smaller companies and trying to expand their share in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global 5G Security market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
A10 Networks (United States), Akamai (United States), Allot (Israel), AT&T (United States), Avast (Czech Republic), Check Point (United States), Cisco (United States), Clavister (Sweden), Colt Technology (United Kingdom), Ericsson (Sweden), Juniper Networks (United States), F5 Networks (United States), ForgeRock (United States) and Fortinet (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are HAAS Alert (United States), Reengen (Turkey), James Fisher Technologies (United States) and Novalume (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global 5G Security market by , Application (Virtual & Augmented Reality, Connected Automotive, Smart Manufacturing, Smart Cities and Others) and Region.
On the basis of geography, the market of 5G Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Manufacturing will boost the 5G Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution/Service Type, the sub-segment i.e. Solution will boost the 5G Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of IoT, AI, Machine learning, and Blockchain Technologies
Market Growth Drivers:
Increasing Cyber Attacks and Stringent data Protection for information Security
Challenges:
Risk of hacking
Restraints:
Delay in the Standardization of Spectrum Allocation and Expensive Security Solutions Impacting the Budget of SMEs
Opportunities:
Increasing Operator Investments for Dynamic Infrastructure and Demand for Private 5G Across The Enterprises, Government, And Industrial Sectors
Market Leaders and their expansionary development strategies
October 2020 - Telefónica Spain, a leading global service provider, collaborated with Juniper Networks to protect the data backhaul of its rapidly expanding 5G network. Telefónica Spain chose Juniper Networks' Juniper Security Gateway to provide future-proof, carrier-class security for its mobile backhaul network. and Aug 2020- CISCO Systems Inc. completed the acquisition of ThousandEyes, a cloud intelligence platform that expands visibility and insights into the digital delivery of applications and services over the internet and the cloud. Cisco will incorporate ThousandEyes capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.
February 2020 - To secure 5G and cloud infrastructures, A10 Networks launched vThunder TPS, the highest-performance virtual DDoS Protection Solution. vThunder TPS allows operators to secure their networks and infrastructures at a low cost without having to over-provision DDoS protection capability.
Key Target Audience
Network Security Providers, End-Use Industries, Government Bodies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.