5G Security Market: By Component (Solutions, Services), By Network Component Security (RAN Security, Core Security), By Architecture (5G NR Non-standalone, 5G NR Standalone), By Vertical (Manufacturing, Healthcare, Energy and Utilities, Retail, Automotive and Transportation, Public Safety, Media and Entertainment, Others (BFSI, agriculture and education)), By End-user (Telecom operators, Enterprises) and By Geography  

5G Security Market size was valued at USD 1,442.0 million in 2022 and is expected to reach a value of USD 6,799.3 million by 2029, growing at a CAGR of 24.8% from 2023 to 2029. The global market provides a detailed overview of the market and that can be segmented by component, network component security, architecture, vertical, and end-user. By component, the 5G security market has been segmented into solutions and services. Solutions are further segmented into the next-generation firewall, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, sandboxing, and others (network access control [NAC] and network vulnerability assessment and penetration testing [VAPT]). Services are segregated into consulting, implementation and support, and maintenance. The solution segment is likely to be the largest and fastest-growing segment in terms of component. Based on network component security, the 5G security market is segmented into RAN Security and Core Security. Among these, the RAN security segment is expected to have the fastest-growing market during the forecast period 2023-2029. By architecture, the market is segmented into 5G NR Non-standalone and 5G NR Standalone. Among these, the 5G NR non-standalone segment is expected to have the fastest-growing market during the forecast period 2023-2029. By End-User, the market is segregated into telecom operators and enterprises. Telecom Operators held considerable market share during the estimated period. On the basis of vertical, the market is segmented into manufacturing, healthcare, energy and utilities, retail, automotive and transportation, public safety, media and entertainment, and others. Healthcare is expected to be the fastest-growing segment in the market. Other segments are further divided into BFSI, agriculture, and education.

5G Security Market Key Developments:

• In Dec 2021, Ericsson has published the Authentication Security Module. It's a module that enables communications service providers to store crypto keys and algorithms in a Hardware Security Module (HSM), improving security for markets and use cases with higher security requirements.