Global 5G Security Market Share Estimated to Reach USD 21.11 Billion by 2030, with a CAGR of 41.4%: Polaris Market Research

NEW YORK, Nov. 1, 2022 /PRNewswire/ -- Polaris Market Research recently published a research report on "5G Security Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment (On-premises, Cloud); By Region; Segment Forecast, 2022 - 2030" in its research database.

According to the research report, the global 5G security market size & share increases from USD 1.10 billion in 2021 to reach USD 21.11 Billion by 2030, growing at a CAGR of 41.4% during the forecast period.

What is 5G Security? How is the 5G security market share expected to grow in coming years?

• Overview

5G security is a technology designed to address many threats that occur while using today's 4G/3G/2G networks. 5G enhances mobile connectivity and provides a refined mobile broadband experience to businesses and industries. High speeds and low latency are the two most beneficial advantages of 5G security. Other benefits include decreased traffic visibility, increased IoT usage, and supply chain and software vulnerabilities.

The fifth-generation technology offers secure access to various applications and provides user protection for network operations. It also delivers much lower network latencies than 4G for resource-constrained devices. All these benefits of 5G security act as a driving factor for the 5G security market demand. Also, the outbreak of COVID-19, which led to strict and partial lockdown across the world, has had a massive impact on the market. People started working from home, and therefore the demand for 5G increased.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Key Questions Answered in The Report:

• What will be the market development pace of the 5G security market?
• What are the key factors driving the global 5G security market?
• Who are the key manufacturers in the market space?
• What are the market openings, market hazards, and market outline of the 5G security market?
• What are the sales, revenue, and price analysis of the top manufacturers of the market?
• Who are the distributors, traders, and dealers of the market?
• What are the market opportunities and threats faced by the vendors in the global 5G security market?

Some of the Top Companies in 5G security market are:

• 5 Networks Inc.
• Alcan systems
• AT&T Inc.
• Check Point Software Technologies Ltd.
• CISCO Systems Inc.
• Ericsson
• IBM Corporation
• Intel Corporation
• Juniper Networks Inc.
• Microamp Solutions
• Mixcomm
• NEC Corporation
• Qualcomm Incorporated
• Spirent
• Symantec Corporation

To Know More About Addition Information on Key Players, Download a Report PDF Brochure

Growth Drivers

• Rising demand for network connections is pushing the market growth

Better network slicing and substantial security expansion than 4G and LTE are one of the prominent factors driving the growth of the 5G security market size. Fifth-generation technology has high-security capabilities that prioritize the data privacy of organizations and individuals. Due to these improvements, the attacker fails to decrypt the information or cause any threat. Also, the data is directed through virtual hubs and switches, which makes it rapidly accessible. Therefore, the growing adoption of 5G security is expected to fuel market growth.

A surge in a number of initiatives by governments across the world which has led to increasing demand for 5G deployments, is further anticipated to propel the demand for 5G security over the forecast period. Rising security concerns in the 5G network and growing demand for network connections are increasing the requirement for establishing real-time and rapid connections between connected devices. These factors are creating significant opportunities in the 5G security market for various players.

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Recent Developments

In December 2021, Ericsson launched the Authentication Security Module solution to boost its security for user privacy. This module will provide end-user data privacy to developers and consumers, whoever is involved in this ecosystem.

Segmental Analysis

• The service segment is expected to achieve lucrative market growth

Based on component, the 5G security market segmentation is classified into solutions and services. The services segment is anticipated to account for the fastest growth during the forecast period. The fifth-generation network system is becoming popular due to its comprehensiveness, non-traditional structure, flexibility, and scalability. The 5G services provide customers with the Internet of Things (IoT) enabled applications, extreme real-time communications (RTC), ultra-reliable communications, and broadcast-like services.

• The cloud segment held the largest market share in 2021

On the basis of deployment, the market is classified into on-premises and cloud deployment. The cloud segment recorded the largest 5G security market share in 2021 and is likely to continue its dominance over the projected period. This growth can be attributed to the growing adoption of fifth-generation technology services for Internet of Things (IoT) devices. Also, a surge in the use of 5G security applications such as network slicing, cloud-based resources, virtualization, and other developing technologies is boosting the segment's growth.

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Report Scope: 5G Security Market

Geographic Overview

• Asia Pacific is projected to dominate the market

Depending on geography, Asia Pacific is expected to lead the 5G security industry with significant growth over the foreseen period. The key factors fueling this growth include the rise in the adoption of next-gen technologies such as artificial intelligence (AI), cloud computing, and robotics across the Asia-Pacific region. Also, changing real-time automation and the growing use of cloud computing applications positively influence the demand for 5G security. Thus, augmenting the growth of the 5G security market.

Furthermore, rising urbanization in the Asia-Pacific region which has led to producing IT, automobiles, networking, and electronic products, is accelerating the development of the 5G security market forecasts. In addition, increasing adoption of emerging technologies such as cloud, big data, IoT, and digital transformation is expected to propel the 5G security industry growth during the projected period.

Browse the Detail Report "5G Security Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment (On-premises, Cloud); By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/5g-security-market  

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Polaris Market Research has segmented the 5G security market report based on form, product, application, and region:

By Component Outlook

• Solution
• Services

By Deployment Outlook

• On-Premises
• Cloud

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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