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2021
5g Security Market

5G Security Market by Component (Solutions and Service), Deployment Type (Cloud and On-premise), Enterprise Size (Small & Medium Enterprises and Large Enterprises), and Industry Vertical (Manufacturing, Healthcare, Automotive & Transportation, Retail, Energy & Utility, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12820
Pages: NA
Oct 2021 | 137 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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5G Security Market Statistics - 2030

5G security architecture is used to reduce the risks or threats of data breaches and cyber-attacks. This attack can be caused due to malicious network connected to networks by unidentified network devices, poor data encryption can cause vulnerability of sensitive data. As there is an increase in the digital usage, there is also the risk of increase of cyber-attack. Adoption of 5G network environment can reduce the risk of cyber-attack. 5G technology provides features such as user authentication, enhanced user privacy, and strong network authorization, thereby increasing the security. With the help of 5G security, we can encrypt data, protect its integrity, and authenticate during the data transmission process. Many organizations are concerned about their security of their IoT devices as they contain information such as personal data, business sensitive information, critical infrastructure. Thus, with the help of 5G technology features, we can protect and secure important data and devices.

Market Scope and Structure Analysis

Report Metric

 

Details

  Market Size Available for Years

 

  2020-2030

  Base Year Considered

 

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

Component, Deployment Type, Enterprise Size, Organizational Size, Industry Vertical, and Region

 

  Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

 

A10 Networks, Inc., Allot, AT&T, Avast Software, Cisco, Nokia, ZTE, Telefonaktiebolaget LM Ericsson, Huawei Technologies CO., Ltd., Akamai Technologies

 

Impact of COVID-19 on 5G Security Market-

  • Due to the lockdown and restrictions imposed, many businesses operations have shutdown. Many governments and organization have postponed their infrastructure activities due of COVID-19.
  • Attributed to the COVID-19 pandemic, many consumers are now conscious about their income and are not ready to spend on upgrading to 5G technology. This has caused the slowdown of 5G deployments. In addition, due to COVID-19, workforce of many organizations are working remotely due of which there is more risk of cyber-attacks. As most of the workforce is outside the office, it becomes really difficult for IT departments to ensure the security of company assets. Thus, many organizations have started investing in 5G security as they provide an enhanced user privacy, protect the integrity, and encrypt the data, thereby reducing the risk of cyber-attacks.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

5G technology is used in different industries such as automobile, medicine, and IoT devices. As the demand for 5G technology increases, the need of 5G security also increases. This is one of the driving factors of the market. As cyber threats increases, providing security at multiple levels, such as in devices, cloud RAN infrastructure, and air interface equipment, also increases, thereby driving the market. There is need of high security of new application and services, which use 5G technology. As many organizations have started adopting cloud based solutions, the demand for security of these services and solutions increases, thereby driving the market.

However, development of 5G networks requires high frequencies. But many telecommunication services and government agencies are already using these high frequencies. Accessing the high frequencies spectrum is very important for the development of 5G infrastructure. But as they are used for different applications, there is no clear standardization for the distribution of these spectrums. Different government agencies have different regulations. For instance the UK government initiated 6 GHz frequency band for 5G infrastructure whereas 3.5GHz of 5G service. There is no specific standard for the allocation of the spectrum and this is one of the major restraints of the market.

Increased demand for private 5G network technology across private sectors, governments, and organizations is one of the opportunities for the 5G security market. Private 5G networks provide features, such as network slicing, to effectively protect their resources. One of the latest features of 5G security is IMSI feature. This feature is used to authenticate the cell phone device as it travels through different networks. Before sending the device through network, 5G technology uses a key to encrypt the IMSI. This encryption helps to protect information from cyber criminals.

Key segments covered:

 

Segment

 

Sub segment

  Component

  Solutions and Services

 

  Deployment Type

  Cloud and On-premise

 

  Enterprise Size

 

Small & Medium Enterprise and Large Enterprise

 

  Industry Vertical

 

Manufacturing, Healthcare, Automotive & Transportation, Retail, Energy & Utility, Media & Entertainment, and Others

 

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the 5G security industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 5G security market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the 5G security market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed 5G security market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the 5G Security Market Research Report

  • Which are the leading players active in the 5G security market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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