Significant Growth in Trends of Global 5G Security Solution Market Outlook: Ken Research

Posted June 18, 2021 by Anita1111

Global 5G security solution market will reach USD 19.62 billion by 2030, growing by 40.9% annually over 2020-2030 despite the impact of COVID-19.
Fifth-generation (5G) cellular is poised to transmute the ICT industry through substantially enhanced mobility services, immensely scalable Internet of Things (IoT) networks, and assistance for critical apps and services by manner of ultra-low latency communications. With these projected improvements come effective responsibilities for privacy and security. The 5G security solution market must be robust as solutions require to be deployed on multiple levels comprising devices, air interface equipment, cloud RAN infrastructure, mobile backhaul facilities, and many more.
According to the report analysis, ‘Global 5G Security Solution Market 2020-2030 by Offering (Software, Service), Application, Deployment, Industry Vertical, End User, and Region: Trend Forecast and Growth Opportunity’ states that AT&T Inc., China Mobile, CISCO Systems Inc., DigitCert Inc., Ericsson AB, F5 Networks Inc., Gemalto N.V., Huawei Technologies Co. Ltd., IBM Corporation, Intel Corporation, LG Uplus Corp., NEC Corporation, Nokia Networks, Qualcomm Incorporated, Samsung Electronics Co. Ltd., Spirent Communications, Symantec Corporation, Trust wave Holdings Inc., Verizon Communications and several others are the key companies which recently functioning more actively around the global 5G security solution market in the recent period for leading the highest market growth and dominating the great value of market share around the globe while delivering the better consumer satisfaction, increasing the applications and specifications of such, establishing the several research and development programs, employing the young and active personnel, spreading the awareness connected to the applications of such, analyzing the strategies and policies of the government as well as corporate, implementing the policies of the enlargement and profit making and developing the qualitative and quantitative measures of such.
Moreover, the 5G security solution market is obtaining traction due to increasing the security concerns in the 5G networks, growing the ransom ware attacks on IoT devices, augmenting the attacks on critical infrastructure, and growing the IoT connections paved way for mMTC with enhanced security requirement. In addition, the CIOs are greatly concerned with a network that can lead to an enormous loss for businesses as well as service providers. The fresh network infrastructure has been designed with the assistance of SDN, NFV, and cloud-native architecture. Network performs are disaggregated from underline infrastructure and located around local, regional, and central data centers. In a cloud-based 5G network, most networks performs are deployed over the public and private cloud infrastructure. The 5G network is linked to vertical industrial networks, such as automobiles, medicine, factories, and IoT devices, as well as the prevailing legacy networks (2G, 3G, 4G) and internet service networks. It will generate a network connection structure that entails the complex heterogeneous networks, centered on 5G networks. The complexity of such networks can lead to scrawny linkages arising from the networks and devices with dissimilar security requirements and different levels of security technology functional.
Not only has this, the major aim of 5G security is to enhance mobile broadband and develop the machine-type communications. Some of the 5G providers are effectively aimed on launching 5G security solutions. For instance, Palo Alto Networks, a cyber security solutions provider corporate announced the first 5G-native security solution that proposes security for greatly distributed, cloud native 5G networks. This comprises real-time correlation of threats to 5G identifiers, 5G network slice security, and containerized 5G security. The global 5G security solution market is anticipated to expand at a speedy pace during the forecast period, owing to increasing requirement for 5G securities from organizations.

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Issued By Ken Research
Country India
Categories Technology , Telecom
Tags global 5g security solution market , global 5g security solution market forecast , global 5g security solution market revenue
Last Updated June 18, 2021