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5G Security Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2028

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5G Security Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2028

September 21
17:15 2023
5G Security Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2028
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), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), and Microamp Solutions (Poland).
5G Security Market by Offering (Solution and Services), End User (Telecom Operators and Enterprises), Network Component Security (RAN and Core Security), Architecture, Application, Vertical and Region – Global Forecast to 2028

The global 5G Security Market size is projected to grow from USD 1.7 billion in 2023 to USD 9.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 38.9%. The growth in the adoption of security concerns in the 5G network is driving the growth of the market. Zero-trust security and artificial intelligence can have dominance in the 5G security market as Zero-trust security is a security model that assumes that no device or user is trusted by default. This means that all devices and users must be authenticated and authorized before they are allowed to access the network. Zero-trust security can be implemented using a variety of technologies, such as firewalls, intrusion detection systems, and identity and access management (IAM) solutions. AI and ML can be used to improve the security of 5G networks in a variety of ways. For example, AI and ML can be used to identify and block malicious traffic, detect and prevent cyberattacks, and improve the accuracy of security analytics.

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By offering, the solutions segment is estimated to account for the largest market share in 2023.

Due to the increasing complexity and interconnectedness that 5G technology delivers, security is a major problem. With 5G, the fifth generation of wireless networks, data rates are increased, latency is decreased, and there is support for a huge number of connected devices. These benefits, meanwhile, also increase the potential attack surface for online attackers. An all-encompassing solution calls for a multifaceted strategy to solve the security issues around 5G. To protect the secrecy of data exchanged over the network, strong encryption mechanisms must first be put in place. Second, strong authentication procedures and access controls must be in place to guarantee that only authorized individuals and devices can access the network. Thirdly, technologies for continuous monitoring and threat detection must be used to quickly spot and stop any suspicious activity.

By network security, RAN security is expected to register the largest market size during the forecast period.

Base stations and antennas that cover a particular area based on their capacity are included in Radio Access Network (RAN) components, as is a core network that includes a RAN controller. The heart of contemporary LTE networks must have an Evolved Packet heart (EPC). Numerous cyberattacks reduce the RAN’s performance and interfere with internet services by causing low latency. Because 5G security solutions shield RANs from cyberattacks, there is no bandwidth consumption from unauthorized traffic. All RAN interfaces transport important communication, and intruders who read or change the data can seriously damage the network. As a result, businesses have used 5G security solutions broadly.

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Unique Features in the 5G Security Market:

Its emphasis on Network Slicing Security, a crucial component of 5G architecture, is one of these features. In order to preserve isolation and guard against interference or unauthorised access, network slicing, which enables many virtual networks to coexist on the same physical infrastructure.

Another distinguishing feature of 5G security is Zero Trust Architecture. Even for network devices, trust is never required in this paradigm. The attack surface is diminished by constant authentication and authorization, improving security. Furthermore, the introduction of Multi-Access Edge Computing (MEC) in 5G necessitates the use of specific security measures to protect distributed edge resources and guarantee the confidentiality and integrity of data.

End-to-End Data transmission over 5G networks is crucially secured by encryption, which ensures the data’s secrecy and prevents interceptions along the way. Additionally, 5G security provides 5G Network Slicing Monitoring, which allows for the real-time identification of anomalies or security breaches inside particular slices and promotes quick response and mitigation.

In order to proactively identify potential attacks and anomalies in network traffic patterns, 5G security uses the capabilities of AI-Driven Threat Detection. Strong identity management systems minimise the risk of unauthorised access or data breaches by ensuring that only authorised people and devices access network resources.

Particularly in IoT ecosystems, the proliferation of 5G Devices demands specialised security methods for authentication and control to bar unauthorised access. In 5G networks, dynamic security policies that can adjust to shifting circumstances and threats in real-time are essential.

 

Major Highlights of the 5G Security Market:

 

The emphasis on Network Slicing Protection particularly stands out since it ensures the secure coexistence of numerous virtual network slices on a same physical infrastructure while preventing interference and unauthorised access.

 

An important component is a major shift towards Zero Trust Architecture. Continuous authentication and permission are emphasised in this method, which lowers the attack surface and improves overall security. Furthermore, End-to-End Encryption, which upholds confidentiality from source to destination, is essential for securing data transmission.

 

Proactive security is achieved by the use of cutting-edge technology like AI-Driven Threat Detection. By analysing network traffic patterns, these technologies make it possible to spot potential risks and anomalies early on. Only authorised entities are able to access network resources thanks to reliable identity and access management technologies.

 

Resource security for Multi-Access Edge Computing (MEC) is essential. To protect distributed edge resources and uphold the confidentiality and integrity of data, security measures are specifically designed. The security of virtualized network functions and the supply chain for infrastructure are complicated issues that are addressed by network function virtualization (NFV) and supply chain security.

 

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Top Key Companies in the 5G Security Market:

Key and innovative vendors 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), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland).

Ericsson

Ericsson is a global provider of telecom-related tools and services. Its four business segments include networks, digital services, managed services, emerging businesses, and other business areas. The networks segment provides goods and services for fixed and mobile communication, while the digital services segment provides hardware, software, and services for operational support systems (OSs), cloud infrastructure, cloud core, and cloud communication. The managed services segment provides networks for operators, IT managed services, network designs, and the creation and upkeep of applications, and the emerging business segment provides networks. Clients of Ericsson can be located in North America, Europe, the Middle East & Africa, Latin America, and the Asia Pacific.

Palo Alto Networks

Palo Alto Networks is a visionary supplier of network security solutions that let customers run apps securely on their networks and stop any security lapses or deliberate cyberattacks. Security is offered across networks, endpoints, and the cloud through its comprehensive solutions. The NGFW, enhanced endpoint protection, and threat intelligence cloud make up its next-generation security platform. The business sells firewalls that can distinguish between and manage apps, scan content for dangers, and stop data leaks. Palo Alto Networks serves both SMEs and large corporations across a variety of industry verticals, including electric utilities, BFSI, healthcare, oil and gas, retail, ICS and SCADA, government, and education. The company has a strong presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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