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5g Security Market Top Companies, Trends, Rising Demands, Sales and Supply 2023 to 2031

11-28-2023 07:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

5g Security Market Top Companies, Trends, Rising Demands, Sales

The global 5g security market size was US$ 574.1 million in 2021. The global 5g security market is forecast to grow to US$ 4.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 41.5 % during the forecast period from 2022 to 2030.

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Factors Influencing the Market
The rising demand for high-speed networking and machine-to-machine connectivity will primarily drive the growth of the 5g security market during the study period. Additionally, the market is expected to witness ample growth opportunities due to the rapid production of linked IoT devices and the accelerating need for data security from various industrial verticals.
Growing cases of data breaches and cyber-crimes will offer ample growth opportunities for the 5g security market during the study period. The network that could cause major losses for businesses and service providers is the main concern of CIOs. The new network infrastructure was built using SDN, NFV, and cloud-native design. In a 5G network that is cloud-based, the vast majority of network services are implemented through public and private cloud infrastructure. Thus, it will have a significant contribution to the 5g security market during the study period.
The rising efforts towards the development of smart homes and smart cities will benefit the 5g security market during the study period. On the flip side, high investment costs and stringent government regulations may limit the growth of the 5G security market during the analysis period.

Regional Analysis
North America is projected to dominate the 5G security market, owing to the early adoption of the 5G service network and a significant rise in the range of telecom firms in the region. Further, the growing adoption of new technologies, combined with the rising demand for smart homes in North America, will be a significant contributor to the 5G security market.
Europe is expected to be a profitable region for the 5G security market due to the rising expansion of the region and the rigorous R&D efforts.

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COVID-19 Impact Analysis
Due to the COVID-19 pandemic, data breaches increased at a substantial pace. As a result, the 5G security market witnessed ample growth opportunities in the wake of the pandemic. Apart from that, various organizations adopted technologies to operate amid the pandemic terror. Thus, data security across banking, healthcare, manufacturing, and other sectors, increased substantially, which positively influenced the 5G security market.

Competitors in the Market
• F5 Networks (US)
• A10 Networks (US)
• Akamai (US)
• Allot (Israel)
• AT&T (US)
• Avast (Czech Republic)
• Check Point (US)
• Cisco (US)
• Clavister (Sweden)
• Colt Technology (UK)
• Ericsson (Sweden)
• Other Prominent Players

Market Segmentation
The global 5g security market segmentation focuses on Size, End-User, and Region.
By Size Into:
• large enterprises
• SMBs

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By End-user:
• Manufacturing
• Healthcare
• Energy and Utilities
• IT & Telecom
• Automotive and Transportation
• Supply Chain and Logistics
• Government and Public Safety
• Agriculture
• Others
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe

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● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

Table of Content

Chapter 1: Global 5g Security Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global 5g Security market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global 5g Security Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global 5g Security market Size Forecast (2023-2031).

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About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today's competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

Contact Information:

Email:sales@reportocean.com

Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States

Telephone: +1 888 212 3539 (US - Toll-Free)

For more information and to explore their offerings, visit their website at:https://www.reportocean.com/

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