5G Security Market Size was valued at USD 1.4 Billion in 2022. The 5G Security market industry is projected to grow from USD 2.0 Billion in 2023 to USD 23.7 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 42.36% during the forecast period (2024 - 2032). Growing ransomware cyber-attacks on IoT devices, increasing attacks on vital infrastructure, and rising security concerns in the 5G network are some of the key drivers propelling the market for 5G security.
Figure 1: 5G Security Market Size, 2023-2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing ransomware cyber-attacks on IoT devices drives the market for 5G Security.
With the completed or ongoing installation of 5G technology in many countries, data transfer speeds will be five times compared to 4G today. With the increment of speed data transfer, the volume will also increase five times. With this increasing data volume, the chances of breaching will also increase. According to a report from ForgeRock, data records containing usernames and passwords are the foremost seeking information by ransomware goons. According to this report, two billion records comprising usernames and passwords were compromised in 2022, with an increase of more than 36% from the past year. In addition, unauthorized access was the top breach in 2022, accounting for 50% of all breaches. The average cost of a single breach in the U.S. retail sector rose to nearly $3.27 Billion in 2022.
According to our research, cybercrime costs are expected to grow at a CAGR of 19.8% from 2023 to 2030 and are expected to reach USD 31.02 trillion annually by 2030.
Figure 2: Cybercrime Cost, 2022 to 2030, USD Trillion
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Personal attacks, corporate attacks, and government attacks fuel this growth. Today where most countries are looking to become self-sufficient with the adoption of digital transformation, cyber threats will also increase exponentially. This technology enablement will be enhanced with the integration of 5G in the network systems, which needs to be catered to by 5G security solution providers in the coming years.
Based on verticals type, the 5G Security market segmentation includes manufacturing, healthcare retail, automotive & transportation, and public safety. The manufacturing segment dominated this market with a share of 33.2% in 2022 and is also expected to propel the market at a CAGR of 40.73% during the forecast period. Industry 4.0 is being adopted and used more frequently is boosting the demand for 5G services to run the equipment remotely and, in turn, raising the requirement for security solutions. The adoption of better connection solutions in the industrial sector has expanded due to advancements in automation and software-based processes. Many operators have focused on protecting their carrier networks, considering the rise in network threats. Following the bank heist, O2 Telefonica in Spain hired 660 analysts and 1,100 security personnel in 7 Security Operations Centers worldwide.
Figure 3: 5G Security Market, by Verticals, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Furthermore, the healthcare category is projected to dominate the market with significant growth at a CAGR of 41.38% in the upcoming years. The use of medical technology in healthcare is quickly changing because of the Internet of Medical Things, a network of connected medical devices, software, systems, and services. With the 5G connection, healthcare firms are utilizing the internet of medical things to enhance remote patient care and automate clinical workflow management. Healthcare businesses are utilizing the internet of medical things to enhance remote patient care and automate clinical workflow management with 5G security solutions.
Due to the reduced latency that 5G technology offers, telemedicine is anticipated to be made possible. Moreover, 5G is anticipated to enable telesurgery because of its decreased latency and developments in robotics and patient data processing. These elements are encouraging for category expansion.
The 5G Security market segmentation includes solutions and services based on component type. The solution segment dominated this market with a significant share of 62.1% in 2022 . This segment is also anticipated to drive the market at a CAGR of 43.21%. The end-user enterprises' rapid adoption of 5G security solutions to safeguard their private networks is one of the key drivers driving the segment's expansion. Major market players are focusing on creating 5G security solutions to defend the enterprise network architecture further and secure the networks. These potential security consequences raise the potential cyber risks associated with these devices. Due to the emergence of 5G, organizations now want network security solutions that can protect these 5G-connected devices.
Furthermore, as solutions must be deployed on several levels, including devices, air interface equipment, cloud RAN infrastructure, mobile backhaul facilities, and more, the 5G security market must be resilient.
Throughout the projection period, the services segment is anticipated to have profitable market expansion at a CAGR of 41.1%. A comprehensive, unconventional, flexible, and scalable end-to-end system is demonstrated by 5G. Customers who use 5G services can access applications that support the Internet of Things, extremely quick and reliable communications, and broadcast-like services. The market for services is growing as a result of the widespread adoption of 5G services. Businesses adopting 5G services have access to applications that support the Internet of Things, real-time communications, ultra-reliable communications, and broadcast-like services.
Based on deployment type, the 5G security market is segmented into cloud and on-premises. The cloud segment holds most of the market share and is projected to dominate with a CAGR of 43.98% through the forecast period. The use of cloud-based installations to provide security services remotely has grown in popularity in recent years. A few benefits of 5G security include significant performance gains across applications, including cloud-based resources, network slicing, virtualization, and other cutting-edge technology. Also, depending on the consumption of cloud-based 5G security services, the cloud services are implemented based on the client's needs. These elements are encouraging for the segment's growth during the projection period.
Furthermore, throughout the projected period, the on-premise segment is also anticipated to experience a sizable CAGR of 40.9%. One primary driver propelling the segment's growth is the ability of on-premises 5G security solutions to validate and safeguard the 5G network connections inside organizations. Thanks to on-premises technologies, businesses may more easily assess potential risks on their premises.
In addition to providing 5G networks with quick speeds, 5G security solutions also aid in improving client data privacy. To prevent fraud on 5G networks, enterprises are implementing on-premises 5G security solutions.
This market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world. The North American region is estimated to hold its dominant position with a share of 40.2% in 2022 and is expected to register significant growth at a CAGR of 40.5% through the forecast period. Moreover, A10 Networks, Inc., Palo Alto Networks, and AT&T are a few of the top companies in the sector that are fueling regional expansion. Manufacturing firms' growing adoption of 5G security solutions to thwart potential threats on 5G networks presents growth opportunities for 5G solution providers in the region, supporting the expansion of the North American market. The US, Canada, and Mexico comprise the North American market. The US is expected to dominate the market, with Canada expected to have the quickest growth rate over the analyzed time frame.
The Asia-Pacific region is also estimated to be the second-highest region through the forecast period. This region is anticipated to grow at a CAGR of 46.8% through the forecast period. The enormous population of the Asia Pacific area has given telecom providers access to a sizable pool of mobile subscribers. The region has the most significant proportion of mobile customers ly, and over the coming years, its subscriber base will increase. Many different nations in this diverse region are undergoing a digital transition. Key technologies, including edge computing, 5G security, and 5G technologies, are expected to be dominated by Asia-Pacific. The size, variety, and strategic leadership of nations like Singapore, South Korea, China, Australia, and Japan are the primary causes of the dominance. China and Japan are the biggest producers of electronics, IT gadgets, networking equipment, and automobiles.
Figure 4: 5G Security Market, by Region, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Moreover, the expansion could be attributed to emerging economies like India and Japan being more aware of 5G security solutions. Regional growth is projected to be boosted simultaneously by expanding 5G connections and tight government regulations requiring 5G security procedures.
The companies providing 5G security solutions aim to incorporate cutting-edge technology like AI, low latency, and others. By integrating cutting-edge technologies, businesses can improve their customer experience and competitive advantage.
Major players in the 5G security market, include A10 Networks, Akamai, Allot, AT&T, Avast, Check Point, Cisco, Clavister, Colt Technology, Ericsson, F5 Networks, ForgeRock, Fortinet, G+D Mobile Security, Huawei, Juniper Networks, Mobileum, Nokia, Palo Alto Networks, Positive Technologies, Radware, and others, are focusing on developing their business strategies
In February 2024, through strategic alliances with Private 5G partners like Druid, Celona, Ataya, NVIDIA, NETSCOUT and NTT DATA, Palo Alto Networks enabled mid-market enterprises to protect their end-to-end 5G deployment and operational networks by simultaneously launching the most sophisticated end-to-end private 5G security solutions together with its key Private 5G partners. These solutions address the growing security risks that are emerging in increasingly complex 5G environments as the proliferation of 5G-connected devices and their related usage becomes more prominent, with 70 percent of executives viewing it as an emerging threat. This ecosystem approach also fosters the Palo Alto Networks partner companies to integrate enterprise-level 5G security solutions of Palo Alto Networks with their technologies to enhance secure access and application of 5G powered AI together with threat detection to private 5G networks. This collaboration guarantees the security of critical mission 5G resources, hence assisting industries in their journey toward digitalization.
In February 2023, Atos announced the availability of its “5Guard” end-to-end security measure to offer private 5G networks as well as for telecom operators. The range of 5Guard assists the penetration of security measures across all the 5G ecosystem layers from RAN, MEC and multi-cloud across the organization. This also includes the solutions provided by the Atos encryption and identity management, as well as managed detection and response (MDR) services, together with technologies from partners such as Fortinet. This solution was developed within the principles of the international standard 3GPP and is aimed at ensuring the integrity of the 5G networks.
In July 2024, Cisco and HTX signed a cooperation agreement aiming to enhance the use of technology through 5G and artificial intelligence toward the cause of improving homeland security. This partnership anticipates the combination of 5G networks and AI-powered analytics to improve current capabilities of detection and response to threats in real-time. There is a need to support initiatives that foster infrastructure that is adaptive and robust, that prepares for and protects against new challenges and upgrades in the international environment needed for homeland security agencies.
In February 2024: NOKIA introduced Gen AI Assistant in conjunction with the NetGuard Cybersecurity Dome to offer protection of the network. Drawing on Nokia's deep knowledge of cyber security, this new solution incorporates cutting-edge generative AI advancements to increase threat detection and security response. The variety of changing cybersecurity threats makes it imperative for organizations to take necessary steps to prevent such events in the first place. For this, the GenAI Assistant offers advanced scouting and reporting tools flexibility, coverage and virtualization in a single platform.
Solution
Services
Cloud
On-Premises
Manufacturing
Healthcare
Retail
Automotive & Transportation
Public Safety
Others
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.4 Billion |
| Market Size 2023 | USD 2.0 Billion |
| Market Size 2030 | USD 23.7 Billion |
| Compound Annual Growth Rate (CAGR) | 42.36% (2023-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2019 to 2022 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component Type, Deployment Type, Vertical Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | A10 Networks, Akamai, Allot, AT&T, Avast, Check Point, Cisco, Clavister, Colt Technology, Ericsson, F5 Networks, ForgeRock, Fortinet, G+D Mobile Security, Huawei, Juniper Networks, Mobileum, Nokia, Palo Alto Networks, Positive Technologies, Radware. |
| Key Market Opportunities | Big Data promotes better product designs by utilizing technologies at lower costs and with less hardware. |
| Key Market Dynamics | Growing ransomware cyber-attacks on IoT devices Increasing attacks on vital infrastructure Rising security concerns in the 5G network. |
5G security Market Highlights:
Frequently Asked Questions (FAQ) :
The market for 5G Security was USD 1.4 Billion in 2022.
The analytics market is expected to be USD 23.7 Billion in 2030.
The growth rate for the 5G Security market is 42.36% through the forecast period.
At present, the North American region holds the largest market share.
The major players are dominating the market are A10 Networks, Akamai, Allot, AT&T, Avast, Check Point, Cisco, Clavister, Colt Technology, Ericsson, F5 Networks, ForgeRock, Fortinet, G+D Mobile Security, Huawei, Juniper Networks, Mobileum, Nokia, Palo Alto Networks, Positive Technologies, Radware.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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