Report ID: UCMIG45A2065
5G Security Market Size, Share, Growth Analysis, By Component(Solution, Services), By Deployment(Cloud, On-premise), By Architecture(5G NR Standalone, 5G NR Non-Standalone), By Network Security(RAN Security, Core Security), By End-user(Industries, Telecom Operators), By Industry(Manufacturing, Healthcare, Retail, Automotive And Transportation), By Regional(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031
Report ID:
UCMIG45A2065 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
5G Security Market Insights
Market Overview:
The global 5G security market reached USD 1.40 billion in 2021 and is projected to witness substantial growth with a compound annual growth rate (CAGR) of 39.6% from 2022 to 2030. This growth can be attributed to the increasing adoption of 5G technology worldwide and the corresponding need to address security concerns. With the proliferation of connected devices and the internet of things (IoT), there is a growing emphasis on ensuring the integrity, confidentiality, and availability of data transmitted over 5G networks. As a result, organizations are investing in robust security solutions to safeguard their networks and sensitive information from potential cyber threats and attacks. This significant growth in the 5G security market is expected to continue as the global deployment of 5G networks accelerates and more industries rely on this advanced technology.
5G Security Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Software & Services by segment aggregation, the contribution of the Internet Software & Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
5G Security Market Report Snapshots
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