PUBLISHER: Value Market Research | PRODUCT CODE: 1361798
PUBLISHER: Value Market Research | PRODUCT CODE: 1361798
The global demand for 5G Security Market is presumed to reach the market size of nearly USD 76.42 BN by 2030 from USD 3.15 BN in 2022 with a CAGR of 42.52% under the study period 2023 - 2030.
5G Security is designed to control and address threats. These controls include improved subscriber identity protection, new mutual authentication features, and additional security safeguards. 5G Security's main aim is to enhance mobile broadband and improve machine-type communications. With 5G security, businesses can encrypt information, safeguard its integrity, and perform verification during the information transmission process.
The increasing demand for 5G security from organizations has bolstered the demand for 5G security during the forecast period. However, a lack of awareness about the benefits of 5G security is expected to hamper the 5G security market during the forecast period. Many operators focus on securing their carrier network with increasing network attacks. To keep its customers' data safe, investments are carried out to improve the network security measures, thus, creating a lucrative market opportunity for the growth of 5G security solutions. Furthermore, rising government initiatives in digitization have propelled the demand for 5G deployment, which indirectly drives the growth of the global 5G security market. Additionally, the increasing need to deploy security solutions at multiple levels, such as in devices, cloud RAN infrastructure, and air interface equipment, is anticipated to propel the market growth during the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 5g security. The growth and trends of 5g security industry provide a holistic approach to this study.
This section of the 5g security market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the 5G Security market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 5G Security market include 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). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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