5G Network Security Market Size, Share, Opportunities, And Trends By Form Factor (Physical, Virtual, SaaS), By Type (Firewall, SSE, SWG, WAF, Others), By Industry (Banking, Telecommunications, Government, Manufacturing, Others), And By Geography - Forecasts From 2024 To 2029

The 5G Network Security Market is anticipated to grow from US$1.986 billion in 2022 to US$18.888 billion in 2029 at a CAGR of 37.96%.

Network security safeguards the usability of a network by preventing unauthorized access. Due to the enhancement of telecommunication networks on account of growing 5G penetration, the demand for a secured path to protect users’ data and network integrity is also rising. Moreover, the ongoing investment to increase 5G access in urban and rural areas, followed by improvement in high-speed bandwidth, booming global internet penetration, and cyber threat prevalence, has further pushed the demand for network security for 5G. According to the International Telecommunication Union, in 2023, 5.4 billion or 67% of the global population was online, signifying a 4.7% growth over 2022.

5G NETWORK SECURITY MARKET DRIVERS

• Growing Investments in network security are propelling the market growth.

Telecom networks show quick adaptation to the ongoing technological shift inclusive of cloud, AI & IoT, Industry 4.0, virtualization, and disaggregation. The growing innovations in network infrastructure have further increased the overall data traffic, thereby increasing the risk of cyber theft and unauthorized data breaches. And with the growing emergence of 5G technology, investments are being made for safeguarding organizational vulnerabilities and confidential data. According to Trend Micro Incorporated’s research study published in June 2023, global enterprises invest nearly 5-10% or 1.5 million of their IT budget in private 5G network security. By 2027, the investments will reach up to US$12.9 billion.

Cyber threats are also on the rise. According to Apple’s research study, in 2023, cyberattacks and data breaches increased by 20% for USD organizations in the first nine months, representing a massive increase over 2022.

• Increased applicability across industry verticals has stimulated market expansion.

5G technology has found its way into various industry verticals such as banking, IT & telecommunications, media & entertainment, manufacturing, and government, expanding the overall usage scope of modern network infrastructure. However, to minimize the possibilities of unwanted interference, major firms operating in these verticals, especially in telecommunications, are emphasizing securing their network infrastructure. For instance, in July 2022, Airtel demonstrated India’s first private 5G network at Bosch’s Bengaluru facility, which was based on the 5G spectrum provided by DoT and enhances data transferring through a highly secured network.

Additionally, various regulations and rules regarding data privacy have further emphasized the need to establish a secured 5G network to protect personal, commercial, or government-associated data.

EMERGING OPPORTUNITIES IN THE GLOBAL 5G NETWORK SECURITY MARKET

• SaaS

Based on form factor, the 5G network security market is analyzed into physical, virtual, and SaaS. The latter is poised to show the quickest segments and growth owing to its ability to secure highly crucial user and corporate data in a subscription-based cloud application that grants access to authorized personnel only.

Software-as-a-service tools address new security issues, such as exposure to malware and phishing attacks, which can expose a client’s data on a large scale. Hence, companies are investing in secure cloud-based programs with suitable SaaS security tools to bolster their data integrity.

Furthermore, due to its growing demand, the market players can witness various business measures. For instance,

DATE	TYPE	DESCRIPTION
February 2022	Launch	CSG System International launched an open SaaS platform, “CSG Encompass”, which eliminates the digital complexities faced by 5G services by forming dynamic and agile collaboration across many partners. Through such collaboration, CSG offers consumers and enterprises 5G-orientated offerings that deliver a seamless experience.
February 2022	Launch	Nokia launched two new SaaS (Software-As-A-Service) for analytics and security, which formed a part of the company’s strategy to provide enterprises and communication service providers with the cost-effective of operating & monetizing their 5G networks. The SaaS tools are based on Network Data Analytics Functions (NWDAF)

 

• Firewall

The 5G network security market, based on type is divided into firewall, SSE, SWG, WAF, and others. The firewall is anticipated to hold a significant market share fueled by favorable investments in developing next-generation network infrastructure to cater to the growing 5G prevalence.

Moreover, the growing advancements in the Internet of Things (IoT) and Artificial Intelligence followed by a booming cloud ecosystem have shifted companies' focus toward the data-driven environment, accelerating firewall demand for network security provisions. Some of the latest advancements are:

DATE	TYPE	DESCRIPTION
November 2023	Launch	Palo Alto Networks launched five ML-powered Next-Generation Firewalls that exceed 1.5 TBPS App-ID performance. From branch offices to 5G service providers, the firewalls secure every organizational aspect that could be vulnerable to evasive cyber threats.

 

5G NETWORK SECURITY MARKET GEOGRAPHICAL PRESENCE

With the emergence of 5G globally, the demand for network security has also been increasing. The global 5G network security market consists of major countries undertaking various measures to secure their 5G network across their nations. Some major countries include the USA, Japan, South Korea, China, and Germany. The countries have undertaken various measures, complementing the overall market growth. For instance,

• In March 2024, Ericsson established the “Ericsson Federal Technologies Group”, which provides 5G-driven digital offerings to multiple agencies in the US federal government. The technologies provided would form an integral part of economic security and the US Defense Modernization program as they would establish a secure and reliable 5G infrastructure.
• In February 2023, ATOS launched a “5Guard” security offering for organizations and telecom operators looking to improve, integrate, and automate security in their 5G networks to safeguard their digital assets. The new addition serves the company’s objective of providing end-to-end security solutions to protect confidential business data by reducing risk across a 5g core network, multi-cloud platform, multiple access edge computing, and radio access network (RAN).

MAJOR PLAYERS IN THE MARKET

Major market players, including Palo Alto Networks, Fortinet, and Nokia, among others, are implementing various strategies such as strategic collaboration with corporate or government agencies, new product launches & developments, investments, and partnerships, which have bolstered their market presence. For instance,

• In April 2024, Perfectum selected Nokia to deploy cutting-edge 5G technology in Uzbekistan, which would revolutionize connectivity and pave the way for future innovations. The end-to-end 5G standalone would improve operational efficiency by bolstering network integrity, and the rollout formed part of Uzbekistan’s strategic investment in bolstering the country’s digital transformation.
• In February 2024, Palo Alto Networks launched its end-to-end private 5G security solutions, enabling organizations to easily deploy and manage a secured network for their private 5G. The launch integrates Palo’s “Enterprise-Grade 5G Security” with firms providing private 5G services.

 

5G Network Security Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$1.986 billion
Market Size Value in 2029	US$18.888 billion
Growth Rate	CAGR of 37.96% from 2022 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Form Factor Type Industry Geography
Companies Covered	Nokia Corporation Palo Alto Networks F5, Inc. Fortinet Mobileum Inc.
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

The 5G Network Security market is segmented and analyzed as follows:

• By Form Factor
  • Physical
  • Virtual
  • SaaS
• By Type
  • Firewall
  • SSE
  • SWG
  • WAF
  • Others
• By Industry
  • Banking
  • Telecommunication
  • Government
  • Manufacturing
  • Others
• By Geography
  • Americas
    • United States
    • Others
  • Europe, Middle East, and Africa
    • Germany
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Bandwidth Availability

4.4. Number of Users

5. GOVERNMENT REGULATIONS/POLICIES

6. 5G NETWORK SECURITY MARKET, BY FORM FACTOR

6.1. Introduction 

6.2. Physical

6.3. Virtual

6.4. SaaS

7. 5G NETWORK SECURITY MARKET, BY TYPE

7.1. Introduction

7.2. Firewall

7.3. SSE

7.4. SWG

7.5. WAF

7.6. Others

8. 5G NETWORK SECURITY MARKET, BY INDUSTRY

8.1. Introduction

8.2. Banking

8.3. Telecommunication

8.4. Government

8.5. Manufacturing

8.6. Others

9. 5G NETWORK SECURITY MARKET, BY GEOGRAPHY

9.1. Introduction

9.2. Americas

9.2.1. United States

9.2.2. Others

9.3. Europe, Middle East, and Africa

9.3.1. Germany

9.3.2. UK

9.3.3. Others

9.4. Asia Pacific

9.4.1. China

9.4.2. Japan

9.4.3. South Korea

9.4.4. Others

10. RECENT DEVELOPMENT AND INVESTMENTS

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Vendor Competitiveness Matrix

12. COMPANY PROFILES

12.1. Nokia Corporation

12.2. Palo Alto Networks

12.3. F5, Inc.

12.4. Fortinet

12.5. Mobileum Inc.

12.6. SecurityGen

12.7. AT&T Inc.

Nokia Corporation

Palo Alto Networks

F5, Inc.

Fortinet

Mobileum Inc.

SecurityGen

AT&T Inc.