PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1791448
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1791448
Global 5G Security Market to Reach US$30.7 Billion by 2030
The global market for 5G Security estimated at US$3.9 Billion in the year 2024, is expected to reach US$30.7 Billion by 2030, growing at a CAGR of 40.9% over the analysis period 2024-2030. 5G Security Solutions, one of the segments analyzed in the report, is expected to record a 47.0% CAGR and reach US$22.1 Billion by the end of the analysis period. Growth in the 5G Security Services segment is estimated at 30.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.0 Billion While China is Forecast to Grow at 38.4% CAGR
The 5G Security market in the U.S. is estimated at US$1.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 38.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 38.2% and 34.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.7% CAGR.
Global 5G Security Market - Key Trends & Drivers Summarized
What Is Driving the Growth of the 5G Security Market?
The rapid rollout of 5G networks and the subsequent adoption of 5G-enabled devices are key drivers of the 5G Security market. As 5G networks expand globally, they bring significant advancements in speed, connectivity, and low latency. However, these advancements also introduce new security challenges, such as increased attack surfaces, complex network architectures, and the integration of billions of connected devices. This has created a critical need for robust security solutions tailored to the unique vulnerabilities of 5G networks.
The rise of Internet of Things (IoT) ecosystems is another major driver of the market. IoT devices, which rely on 5G for seamless connectivity, are often vulnerable to cyberattacks due to weak security protocols. 5G security solutions help protect these devices and the sensitive data they transmit, ensuring the reliability and integrity of IoT applications. As IoT adoption accelerates across industries, the demand for 5G security solutions is expected to grow significantly.
Additionally, the increasing reliance on 5G for critical infrastructure and services is driving investments in security. Industries such as healthcare, energy, and transportation are integrating 5G into their operations to enable advanced technologies like autonomous vehicles, remote surgery, and smart grids. Protecting these mission-critical systems from cyber threats is essential, making 5G security a top priority for governments and enterprises alike.
How Are Technological Advancements Shaping the 5G Security Market?
Technological advancements in artificial intelligence (AI) and machine learning (ML) are transforming the 5G Security market by enhancing threat detection and response capabilities. AI-powered security solutions analyze vast amounts of network data in real-time to identify patterns and anomalies, enabling faster and more accurate threat detection. ML algorithms continuously improve their effectiveness by learning from past incidents, providing proactive and adaptive defense mechanisms against evolving cyber threats.
The adoption of network slicing is another critical trend shaping the market. Network slicing enables operators to create virtual networks tailored to specific use cases, such as autonomous vehicles or telemedicine. However, each slice has unique security requirements, and vulnerabilities in one slice could potentially impact others. Advanced 5G security solutions are being developed to provide isolation and end-to-end encryption for each slice, ensuring secure communication and data integrity.
The integration of blockchain technology into 5G networks is also gaining traction. Blockchain’s decentralized architecture provides enhanced security by enabling transparent and tamper-proof data exchange. This technology is particularly useful for securing IoT devices and transactions within 5G ecosystems. By combining blockchain with 5G security solutions, organizations can enhance trust and accountability in their networks, reducing the risk of fraud and data breaches.
What Are the Benefits of 5G Security for Enterprises and Consumers?
For enterprises, 5G security solutions provide robust protection against cyber threats, ensuring the confidentiality, integrity, and availability of critical data and systems. These solutions help safeguard operations, particularly in industries that rely on 5G for mission-critical applications such as remote healthcare, industrial automation, and smart city infrastructure. By preventing data breaches and disruptions, 5G security enables organizations to maintain trust and compliance with regulatory requirements, minimizing financial and reputational risks.
5G security also supports advanced technologies like IoT, AI, and augmented reality (AR) by ensuring secure communication and data exchange. For instance, IoT devices deployed in smart factories or connected vehicles require real-time protection against potential vulnerabilities. With 5G security solutions, enterprises can confidently adopt these technologies, unlocking new efficiencies and revenue streams.
For consumers, 5G security ensures a safer and more reliable connectivity experience. It protects personal data and devices from cyberattacks, reducing the risk of identity theft and financial fraud. Advanced security measures such as end-to-end encryption and user authentication provide peace of mind for activities like online shopping, video conferencing, and telemedicine. By enhancing the safety of digital interactions, 5G security empowers consumers to embrace new technologies and services with confidence.
What Are the Key Market Drivers for 5G Security?
The expanding deployment of 5G networks is the most significant driver of the 5G Security market. As telecom operators roll out 5G infrastructure, the need to address its unique security challenges is growing. The integration of advanced technologies, such as network slicing and edge computing, further underscores the importance of robust security measures to protect complex and dynamic 5G ecosystems.
The proliferation of IoT devices and applications is another major driver. IoT relies heavily on 5G for connectivity, but its widespread adoption introduces vulnerabilities that cybercriminals can exploit. 5G security solutions provide the necessary safeguards to protect IoT ecosystems, ensuring the reliability and safety of connected devices and data.
Finally, the increasing use of 5G in critical infrastructure and services is driving investments in security. From smart grids and healthcare systems to autonomous transportation, industries are leveraging 5G to enable transformative applications. Protecting these systems from cyber threats is essential to maintain their functionality and public trust. Combined with technological advancements and regulatory initiatives, these drivers are positioning the 5G Security market for significant growth in the coming years.
SCOPE OF STUDY:
The report analyzes the 5G Security market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Component (5G Security Solutions, 5G Security Services): Architecture Type (5G NR Non-Standalone, 5G NR Standalone); Network Security (RAN Security, Core Security); End-Use (Telecom Operators End-Use, Enterprises End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 42 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.