Lucintel Forecasts the Global 5G Security Market to reach $13.8 billion by 2030

According to a market report by Lucintel, the future of the global 5G security market looks promising with opportunities in the manufacturing, healhthacre, retail, automotive and transportation, and public safety markets. The global 5G security market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 41.1% from 2024 to 2030. The major drivers for this market are the increasing use of network slicing to deliver 5G services worldwide, increasing IoT device ransomware assaults, and developments in technology and networks beyond 5G radio access networks.

A more than 150-page report to understand trends, opportunity and forecast in 5G security market to 2030 by component (solutions and services), deployment model (cloud and on-premises), network security (radio access network security and core security), end use industry (manufacturing, healthcare, retail, automotive and transportation, public safety, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that solutions is expected to witness the higher growth over the forecast period because of rapid uptake of 5G security solutions by end-user businesses in order to safeguard their private networks.

Within this market, manufacturing will remain the largest segment because of requirement for 5G services to run the machines remotely, increasing installation and use of industry 4.0, which is boosting need for security solutions.

Download sample by clicking on 5G security market

APAC is expected to witness highest growth over the forecast period due to expanded use of cutting-edge technology in the asia-pacific area, including robotics, cloud computing, and artificial intelligence (ai), as well as, real-time automation has changed quickly, and people are using cloud computing apps more frequently.

ERICSSON, Palo Alto Networks, Thales, A10 Networks, Allot, AT&T, Check Point Software Technologies, Fortinet, Spirent Communications, Intel Corporation are the major suppliers in the 5G security market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056

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