According to Stratistics MRC, the Global 5G Security Market is accounted for $580.00 million in 2020 and is expected to reach $9,751.41 million by 2028 growing at a CAGR of 42.3% during the forecast period. Factors such as increasing popularity of smart cities, frequent ransomware attacks on IoT devices, and rising attacks on critical infrastructure are driving the market growth. However, delay in the standardization of spectrum allocation is hampering the growth of the market.
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Based on the application, the smart cities segment is anticipated to expand at a rapid pace during the forecast period due to the ever-growing volume of IoT devices in a smart city ecosystem. By geography, Asia Pacific is going to have high growth during the forecast period as various countries in the region have either initialized the implementation of smart city projects or are in the planning phase.
Some of the key players profiled in the 5G Security Market include Cisco, Avast, Nokia, Ericsson, Huawei, Juniper Networks, Akamai Technologies, A10 Networks, At&T, ZTE , Colt Technology Services, Positive Technologies , Checkpoint Software Technologies, G+D Mobile Security, Palo Alto Networks , Riscure, Clavister, and Trend Micro.
Deployments Covered:
• Cloud
• On-Premises
Network Component Securities Covered:
• Core Security
• Radio Access Network (RAN) Security
Components Covered:
• Services
• Solutions
Architectures Covered:
• 5G New Radio Non-Standalone
• 5G New Radio Standalone
Applications Covered:
• Wireless eHealth
• Virtual & Augmented Reality
• Smart Cities
• Connected Automotive
• Smart Manufacturing
End Users Covered:
• Telecom Operators
• Enterprises
• Aerospace and Defense
• Consumer Goods and Retail
• Healthcare
• Manufacturing
• Public Safety
• Media and Entertainment
• Energy and Utilities
• Automotive and Transportation
• Agriculture
• Education
• Banking, Financial Services and Insurance (BFSI)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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