5G security Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In the 5G security market, the current market size is estimated at $ 2 billion in 2023 and is expected to grow to $ 23.7 billion by 2030. CAGR is 42.36% from 2024 to 2032, and the demand for security solutions is expected to grow with the popularity of 5G. The rapid development of 5G networks is expected to lead to a new security demand for emerging threats and security risks associated with higher speed and higher capacity. The IoT is in a state of proliferation, the cyber security threat is getting stronger, and the regulatory environment is getting stricter. The demand for security solutions for sensitive data and network integrity is becoming more and more urgent. In the field of medical care, automobiles and smart cities, the need for comprehensive security solutions to protect sensitive data and network integrity is also increasing. The major players in the 5G security industry, such as Cisco, Palo Alto, and Fortinet, have been actively investing in new technology and establishing strategic cooperation to enhance their market position. Cisco recently cooperated with several large operators to jointly develop 5G integrated security solutions, which shows that the industry is committed to tackling the security issues that 5G will bring.

Regional Market Size

Regional Deep Dive

The 5G security market is developing rapidly in various regions, driven by the rapid adoption of 5G technology and the growing need for security to protect sensitive data and infrastructure. The market dynamics in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America are influenced by the different regulatory frameworks, technological developments, and economic conditions in each region. The 5G security market is expected to grow significantly in the coming years, with an emphasis on new solutions that can address the evolving threats and risks.

Europe

• The European Union's 5G Action Plan emphasizes the importance of cybersecurity, leading to initiatives like the EU Cybersecurity Act, which aims to establish a comprehensive framework for securing 5G networks across member states.
• Countries like Germany and France are investing in national security strategies that include the development of indigenous 5G security technologies, reflecting a growing trend towards self-reliance in critical infrastructure.

Asia Pacific

• China's aggressive rollout of 5G technology has been accompanied by stringent cybersecurity regulations, such as the Cybersecurity Law, which mandates that all telecom operators implement robust security measures.
• Japan is focusing on the development of advanced security protocols for 5G networks, with companies like NTT Docomo leading initiatives to enhance the resilience of their infrastructure against cyber threats.

Latin America

• Brazil is implementing new cybersecurity regulations that specifically address the challenges posed by 5G technology, encouraging local telecom operators to adopt advanced security measures.
• Countries like Chile are exploring public-private partnerships to enhance 5G security, reflecting a collaborative approach to addressing cybersecurity challenges in the region.

North America

• The Federal Communications Commission (FCC) has implemented new regulations aimed at enhancing the security of 5G networks, which has prompted telecom companies like Verizon and AT&T to invest heavily in advanced security solutions.
• Recent partnerships between tech giants such as Microsoft and telecommunications providers are focusing on developing integrated security frameworks for 5G, showcasing a trend towards collaborative innovation in the sector.

Middle East And Africa

• The UAE has launched the '5G Security Framework' as part of its national strategy to secure 5G networks, positioning itself as a leader in cybersecurity within the region.
• South Africa is witnessing increased investment in cybersecurity startups that specialize in 5G security solutions, driven by the growing demand for secure telecommunications infrastructure.

Did You Know?

“By 2025, it is estimated that 5G networks will support over 1.5 billion connected devices globally, significantly increasing the demand for advanced security solutions.” — GSMA Intelligence

Segmental Market Size

The 5G Security market plays a vital role in ensuring the security and confidentiality of data transmitted on the rapidly growing 5G networks. Consequently, this market is expected to grow significantly, primarily due to the increasing number of cyber attacks and the increasing use of 5G-connected IoT devices. In addition, there is an increasing demand for secure communication in the finance and health care industries. Moreover, stricter government regulations for the security of telecommunications equipment are expected to drive the market. In terms of adoption, 5G Security solutions are currently in the deployment phase, with Ericsson and Nokia leading the way in many regions, especially North America and Europe. The main use cases are secure network slicing for enterprise applications and enhanced security for vehicles. Moreover, the digital transformation, accelerated by the pandemic, is a major trend. The development of this market is largely influenced by the use of AI and machine learning to detect threats and the use of the blockchain to ensure secure data transmission.

Future Outlook

The market for 5G security is expected to grow from $ 2 billion in 2023 to $ 23.7 billion in 2030, with a CAGR of 42.36%. This growth is driven by the growing deployment of 5G technology in various sectors, such as telecommunications, automobiles, medical care and smart cities. The need for a more advanced security solution to protect the confidentiality of data and the integrity of the network will become more and more urgent with the transition to 5G. The report also forecasts that by 2030, more than 70% of enterprises will have 5G security measures. In the hyper-connected world, it is critical to have a comprehensive security system. The report also points out that in the near future, the development of artificial intelligence and the implementation of zero-trust architectures will play an important role in shaping the security of 5G networks. In addition, government regulations and initiatives to improve the resilience of cyberspace will also drive market growth. In the long run, the emergence of IoT and the increasingly complex nature of cyber attacks will require continuous innovation in security technology. The 5G security market will develop rapidly and become the foundation of the future telecommunications network.