5G Security Market

[253 Pages Report] The 5G security market is estimated at 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. The increasing sophistication of cyberattacks, which are becoming more targeted and difficult to defend against, is driving the growth of the market. As cyberattacks become more sophisticated, organizations are forced to invest in better security measures to protect themselves. This includes investing in new security technologies, such as artificial intelligence (AI) and machine learning (ML), and in training their employees on security best practices.

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5G Security Market Dynamics

Driver: Security concerns in the 5G network

CIOs are mainly concerned with a network that has the potential to cause significant losses for both corporations and service providers. SD, NV, and cloud-native architecture were used to construct the new network infrastructure. Network functions are spread across local, regional, and central data centers and are decoupled from supporting infrastructure. The majority of network functions in a 5G network based on the cloud are distributed over public and private cloud infrastructure. The existing legacy networks (2G, 3G, and 4G) and internet service networks, as well as vertical industrial networks for things like cars, factories, and loT devices, are all connected to the 5G network. It will build a sophisticated, heterogeneous network connection structure with a 5G network at its center.

Restraint: Delay in standardization of spectrum allocation

One of the biggest benefits of developing the 5G network is the utilization of higher frequencies. But all high frequencies (radio spectrum) are already in use for a variety of purposes, including telecommunications and government operations. Having access to these high-frequency spectrums is essential for building 5G infrastructure. There are conflicts when trying to access these frequency bands since they have already been assigned to various uses. However, it is unclear exactly when wireless operators will be granted access to these spectrums in order to deploy 5G infrastructure. Different government entities are currently establishing various legislation throughout the world.

Opportunity: Increasing operator investments for dynamic infrastructure

Numerous operators have concentrated on securing their carrier network due to an increase in network threats. For instance, the Spanish operator employed 1,000 security personnel and 650 analysts in seven Security Operations Centers (SOCs) around the world following the 02 Telefonica bank hack. Additionally, British Telecom (BT) employs 3,000 security experts in 15 SOCs throughout the world and is qualified to accredit its systems and networks for use by the UK government. BT indicates that it uses Al to protect the data of its clients. Its solution for automatically detecting and comprehending cybersecurity dangers for massive volumes of data makes use of visual interfaces. These expenditures are made to strengthen network security controls, which opens up a big market for the development of 5G security solutions.

Challenge: Uncertainty around ROI and other unprecedented challenges

With standalone solution-related migrating still needing a lot of effort, 5G deployments are in the early stages of their product life cycles. CUPS and network slicing are just two benefits that 5G promises. To deliver the broad services that customers anticipate with efficiency and to give operators a competitive edge, end-to-end 5G networks must be elongable, high-performing, and flexible. To match with the company's long-term interest in entering the industry and gaining the target market segment's trust in the value offer, however, is one of the difficulties telcos confront with 5G rollouts. The amount of money invested also affects the market's level of success. However, carriers do not want to make excessive investments until they achieve ROl or significant traction.

5G security market Ecosystem

The 5G security market comprises several manufacturers, service providers, system integrators, platform providers, and end users working together to deliver 5G security solutions for large-scale advanced network deployments.

By offering, the services segment holds the highest growth rate during the forecast period.

Services have a crucial role to play in the 5G security sector. The demand for services among end users has increased as a result of shifting technological trends. The management of a 5G security network from beginning to end is necessary because it is new to telecom operators and business clients. Expertise and specialized skill sets are needed for the development of 5G security networks, which fuels the demand for consultancy, implementation, and support & maintenance services. In order to achieve desired business goals, these services assist end users in successfully securing their 5G network infrastructure.

By vertical, media and entertainment are expected to register the fastest growth rate during the forecast period.

Companies in the media and entertainment industry have adapted cutting-edge software to serve a vast consumer base from a single location. DDoS assaults, malware, ransomware, and advanced persistent threats (APTs) are all threats to the media & entertainment vertical's essential infrastructure. For improved defense against these constantly developing assaults, strict 5G security solutions and services are necessary. Companies in the media and entertainment industry work to provide customers with a quick and safe online entertainment experience, a rich media experience, and the ability to trace their usage patterns across numerous applications. Inadequate web performance, slow frame rates, bad graphics, allowed user access, customer data leaks, and undesirable webpage latency times can all result in a loss of online subscribers and consumers for online entertainment organizations. 5G security solutions can help.

North America is expected to hold the largest market size during the forecast period.

In terms of technology, North America is among the world's most developed areas. This region is now one of the most developed and established mobile markets in the world because of the quick adoption of 4G smartphones by local consumers. In North America, LTE penetration has reached 91%, according to the Ericsson Mobility Report. The market for 5G security would be driven by the rising number of internet users, increased mobile data traffic, and increasing government focus on improving telecommunications infrastructure to meet consumer demand for continuous connectivity and rising cyberattacks. As a result of the quick uptake of 5G services, providers of security solutions for 5G networks would have plenty of room to develop in the US and Canada.

Market Players:

The major players 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). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the 5G security market.

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Scope of the Report

This research report categorizes the 5G security market to forecast revenues and analyze trends in each of the following submarkets:

Based on Offering:

• Solutions
• Services

Based on Architecture:

• 5G NR Standalone
• 5G NR Non-standalone

Based on Network Security:

• RAN Security
• Mobile Core Security

Based on End User:

• Telecom Operators
• Enterprises

Based on Application:

• Virtual and Augmented Reality
• Connected Automotive
• Smart Manufacturing
• Wireless eHealth
• Smart Cities

Based on Vertical:

• Manufacturing
• Healthcare
• Energy & Utilities
• Retail
• Automotive & Transportation
• Public Safety
• Media & Entertainment
• Other Verticals

By Region:

• North America
  • United States (US)
  • Canada
• Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • United Arab Emirates
  • Kingdom of Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

Recent Developments

• In July 2023, Ericsson partnered with Spark, one of New Zealand’s largest telecommunications and digital services providers. To supply its 5G Core solution to power Spark’s 5G Standalone (SA) network in New Zealand.
• In June 2023, Cisco Systems and Indian system integrator Wipro Technologies partnered to deploy private fifth-generation (5G) networks to enterprise customers worldwide.
• In September 2022, Palo Alto Networks partnered with Telus, one of the largest 5G network operators in Canada. Telus will use the security vendor’s hardware and software firewalls to protect high-capacity network interfaces across its 5G stand-alone core and internet perimeter while providing security to its IoT customers.
• In September 2021, A10 Networks enhanced its solutions to help customers meet and accelerate its Zero Trust strategies. The company added Zero Trust architecture to the existing security portfolio. The features that will be enhanced are infiltration visibility and protection, automated DDoS protection, granular operational micro-segmentation, advanced user authorization and verification, and real-time observability and central management.

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