Increase in IoT connectivity and security concerns drive global market

Global 5G security market

DUBLIN, Feb. 8, 2024 (GLOBE NEWSWIRE) — By offering (solutions and services), end users (telcos and enterprises), network component security (RAN and core security), architecture, applications and verticals. ‘5G Security Market’ and Regions – Global Forecast to 2028′ report added ResearchAndMarkets.com Recruitment.

The global 5G security market is estimated to be worth USD 1.7 billion in 2023 and is projected to reach USD 9.2 billion by 2028, at a CAGR of 38.9% from 2023 to 2028. Various key players within the ecosystem lead to a competitive and diverse market. The 5G security market is in its early stages, with security concerns in 5G networks, increased demand for enhanced security requirements due to increased IoT connectivity, increased ransomware attacks on IoT devices, and increased attacks on critical infrastructure. This is fueled by trends such as 5G is one of the key enablers of IoT. With increased investment in 5G infrastructure, the adoption of IoT devices has increased significantly.

By industry, manufacturing segment will maintain the largest market size during the forecast period

In the manufacturing sector, companies are leveraging new generation M2M technologies, mobile apps, and hosting services. Additionally, this software is frequently used by companies to manage supply chains, automate operations, support research and development, and digitize products and services. Cyberattacks compromise data confidentiality through data loss and system failure, ultimately slowing down manufacturing. Therefore, the manufacturing industry must use his 5G security solutions to protect the entire production process and network infrastructure from the increasing mass of cyber-attacks.

Based on architecture, 5G NR non-standalone segment is expected to register the largest market size during the forecast period

A non-standalone architecture is a 5G service that is built on top of an existing 4G network rather than functioning independently. It couples the control signaling of the 5G radio network to his 4G core. This architecture combines the current LTE and EPC infrastructure core network with the 5G radio access network and its new air interface, allowing you to take advantage of N technology without replacing your network. This configuration only supports 4G services. However, you will benefit from the capabilities of 5G New Radio. LTE RAN and core networks are used in combination with 5G networks in 5G NR non-standalone systems. Trials are currently being conducted in South Korea and China. These networks allow service providers to provide services quickly and affordably.

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Middle East and Africa will register the third highest growth rate during the forecast period

Several countries are part of the Middle East and Africa region, including Israel, UAE, Qatar, Saudi Arabia, and South Africa. The oil and gas sectors of many of these countries are important to the economic development of the region.

Dubai is one of the countries in the Middle East that has made smart cities one of its key priorities. Other cities, including Doha, are said to be at the forefront of this global economy. Within the next five years, countries in the Middle East and Africa also want to become the most technologically sophisticated and connected smart cities in the world. Roads, parking lots, homes, power grids, and government services will all become automated and connected. These infrastructures require improved bandwidth, reduced latency, and increased operational efficiency.

Research scope

This market study covers the 5G Security market size across various segments. It aims to estimate market size and growth potential across various segments such as products (solutions and services), architecture, network security, end users, applications, industries, and regions. The study includes a detailed competitive analysis of the key market players, their company profiles, key observations related to their products and business lines, recent developments, and market strategies.

key attributes

Market trend

• driver

  • Rising security concerns in 5G networks

  • Increased demand for IoT connectivity

  • Rise of ransomware attacks on IoT devices

  • Growing threats to critical infrastructure

• restraints

• opportunity

• assignment

• industry trends

value chain analysis

Ethical considerations for 5G security

technical analysis

case study analysis

• Use case 1: Mobile service provider deploys A10 Networks solution to scale out security for large-scale 5G deployments

• Use case 2: City of Williamsburg deploys Palo Alto Networks solution to prevent cyber threats

• Use case 3: Ericsson helped Errillisverkot deliver a next-generation public safety network

Introduced companies

For more information on this report, please visit https://www.researchandmarkets.com/r/iu0ifi.

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