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5G Security: Introduction

  • Rapid rise of new architecture, new business, and new technologies in 5G will present new challenges to security and privacy protection. 5G has designed in security controls to address many of the threats. Some of these controls include enhanced subscriber identity protection, new mutual authentication capabilities, and additional security mechanisms.
  • The main aim of 5G security is to enhance mobile broadband and improve machine-type communications. Some of the 5G providers are focused on launching 5G security solutions. For instance, Palo Alto Networks, a cybersecurity solutions provider company introduced the first 5G-native security solution that offers security for highly distributed, cloud native 5G networks. This includes real-time correlation of threats to 5G identifiers, 5G network slice security, and containerized 5G security.
  • The global 5G security market is projected to expand at a rapid pace during the forecast period, due to increasing demand for 5G security from organizations.
5g security market size and forecast

Global 5G Security Market: Dynamics

Global 5G Security Market: Key Drivers and Restraints

  • Increasing adoption of fifth-generation (5G) cellular is expected to drive the demand for 5G security.
  • Increasing need to deploy security solutions at multiple levels such as in devices, cloud RAN infrastructure, and air interface equipment, is anticipated to propel the market growth during the forecast period.
  • 5G supports numerous improved and new applications and services which need high security. This in turn is expected to boost the growth of the 5G security market across the globe.
  • Increasing requirement of adhering to stringent regulatory compliances effectively is a major factor projected to boost the global 5G security market in the next few years.
  • Rising government initiatives in digitization has propelled the demand for 5G deployment, which indirectly propels the global 5G security market during the forecast period.
  • Increasing adoption of cloud-based solutions among organizations, which generates demand for security solutions and services across the globe is also anticipated to boost the demand for 5G security.
  • However, lack of awareness about benefits of 5G security is expected to hamper the 5G security market during the forecast period.

Impact of COVID-19 on the Global 5G Security Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown. The impact of COVID-19 is being absorbed in each sector of the economy, including the global software industry. This in turn is projected to indirectly hinder the global 5G security market in the next one year.
  • Lack of industrial activity is expected to result in low cash flows, further impacting the funding of projects. However, COVID-19 has a slightly negative impact on the market owing to the delay in deployment of 5G networks by vendors during the pandemic.
5g security market dynamics

North America to Hold Major Share of the Global 5G Security Market

  • In terms of region, the global 5G security market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global 5G security market in 2019, due to presence of well-established and technologically advanced players in the region. The U.S. is a key market in North America, due to increasing instances of cyber-attacks, which is anticipated to boost the 5G security market in the country.
  • The 5G security market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to growing need to protect websites, applications, and endpoints from unauthorized access in the region. China and India are key market in Asia Pacific.
5g security market outlook by region

Global 5G Security Market: Competition Landscape

Several local, regional, and international players are active in the 5G security market with strong presence. Rapid technological advancements have led to opportunities in the global 5G security market. Market players are gradually focusing on merger and acquisition activities with technology partners to develop innovative and advanced solutions to improve their offerings and market reach.

Key Players Operating in the Global 5G Security Market

  • AT&T Inc.
  • Check Point Software Technologies Ltd.
  • China Mobile Ltd.
  • CISCO Systems Inc.
  • Cloudflare, Inc.
  • DigitCert Inc.
  • Ericsson AB
  • F5 Networks Inc.
  • Gemalto N.V.
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Infineon Technologies
  • Intel Corporation
  • Juniper Networks Inc.
  • Keysight Technologies
  • KT Corporation
  • LG Uplus Corp.
  • NEC Corporation
  • Nokia Networks
  • NTT DoCoMo Inc.
  • Palo Alto Networks
  • PTC Corporation
  • Qualcomm Incorporated
  • Samsung Electronics Co. Ltd.
  • Spirent Communications
  • Symantec Corporation
  • Trend Micro Inc.
  • Trustwave Holdings Inc.
  • Verizon Communications
  • VMware Inc.

Global 5G Security Market: Research Scope

Global 5G Security Market, by Component

  • Solution
    • 5G Network Security Testing
    • 5G App Testing
    • 5G IoT Device and Platform Testing
  • Services
    • System Integration
    • Security Consulting
    • Support & Maintenance

Global 5G Security Market, by Application

  • Virtual & Augmented Reality
  • Connected Automotive
  • Smart Manufacturing
  • Wireless eHealth
  • Smart Cities

Global 5G Security Market, by Industry

  • Banking, Financial Services and Insurance
  • Consumer Goods and Retail
  • Telecommunication
  • Healthcare
  • Aerospace and Defense
  • Energy and Utilities
  • Manufacturing
  • Others

Global 5G Security Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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