5G security market Trends 2022 | Segmentation, Outlook, Industry...

5G security market Trends 2022 | Segmentation, Outlook, Industry Report to 2032

Posted 2023-01-25 11:42:38

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According to Future Market Insights research, the global 5G security market is estimated at US$ 1.2 Billion in 2022 and is projected to reach US$ 12.5 Billion by 2032, at a robust CAGR of 26.4% from 2022 to 2032. This growth can be attributed to the following factors:

DLP instruments help to design data loss prevention methodologies by giving pre-portrayed approach controls to follow the advancement of data. It also hinders unapproved sharing, corruption, as well as pull of data. The data loss is mainly done via malware attacks and taking control of the system. According to Verizon’s 2021 Data Breach Investigations Report, the malware was involved in nearly 15% of data breaches. To reduce malware attacks and security breaches companies are focussed in 5G technology.

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With the growing concern of consumers worldwide regarding their health and their growing annual healthcare budget, healthcare stakeholders are becoming richer every day. But, at the same time, the evolution of new technologies and their need for speed and automation have made them vulnerable to cyber threats. 5G capabilities have added numerous advantages to the healthcare sector including speed, capacity, hyper-connectivity, low latency, and data-driven insights. The higher speed and lower latency offered by 5G can be a boon to cyber attackers as it offers the opportunity to access more data due to hyper-connectivity.

Key Takeaways from the 5G Security Market Study

5G Non-standalone is expected to hold the largest share in the architecture segment and is expected to grow at a CAGR of 24.9% in forecast period.
The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
The solutions segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

Who is winning?

Leading players of 5G Security Market are focused in developing cloud infrastructure, because with the help of artificial intelligence and machine learning companies are automating the process and the data or formula details are stored in the cloud platform which can be accessed remotely. Key players present in the 5G Security Market industry are Ericsson, Palo Alto Networks, A10 Networks, Allot, Huawei, Nokia, Juniper Networks, Fortinet, Mobileum, ZTE among others.

Below enlisted are few of the recent developments in 5G Security Market:

In Mar 2022, Huawei, China Unicom, Partners Announced 5G Private Network PLUS Achievements. They are focused to provide high reliable campus networks, slice-based private network. China Unicom’s 5G Private Network PLUS Achievements were announced during MWC Barcelona 2022.
In Feb 2022, Ericsson announced that its 5G portfolio update has enabled energy efficiency. Seven new RAN products and solutions led by the flagship dual-band Radio 4490 which consumes 25% less power compared to current product.

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Global 5G Security Market by Category

By Component: