5G Net Security Market Scope
Rising government initiative for the digitalisation in the emerging economies and increasing use of 5G in the end user industries is fuelling the market expansion. The Internet of Things (IoT) and massively scalable 5G cellular networks, as well as support for essential apps and services via ultra-low latency connections, are poised to completely change the ICT sector. Larger obligations for privacy and security come along with these projected advances. The market for 5G security must be strong since solutions must be implemented at many different levels, including those for devices, air interface equipment, cloud RAN infrastructure, mobile backhaul facilities, and more.
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|Key Companies Profiled||Ericsson (Sweden), Verizon Communications Inc. (United States), T-Mobile US Inc. (United States), AT&T Inc. (United States), Broadcom Inc. (United States), Palo Alto (United States), Cisco (United States), American Tower Corp. (United States), Allot (Israel), Huawei (China), Wipro (India), Thales Group (France), A10 Networks (United States), Nokia (Finland) and F5 Networks (United States)|
The market for the 5G Net Security is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global 5G Net Security market throughout the predicted period.
Ericsson (Sweden), Verizon Communications Inc. (United States), T-Mobile US Inc. (United States), AT&T Inc. (United States), Broadcom Inc. (United States), Palo Alto (United States), Cisco (United States), American Tower Corp. (United States), Allot (Israel), Huawei (China), Wipro (India), Thales Group (France), A10 Networks (United States), Nokia (Finland) and F5 Networks (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Juniper Networks (United States), Cellwize (Israel), Mavenir (United States), CloudMinds (United States) and Benu Networks (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global 5G Net Security market by Type , by Application (Internet of Things, Augmented Reality, Virtual Reality, Industrial IoT, Autonomous Driving, Security and surveillance and Others) and Region with country level break-up.
On the basis of geography, the market of 5G Net Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn November 2021, Ericson signed an agreement for 6.2 billion USD to acquire Vonage. The acquisition is aim to become global network and communication platform for open innovation and In March 2020, Microsoft acquired Affirmed network a provider of fully virtualized, cloud-native networking solutions for telecom operators. Microsoft is focusing on 5 Edge and Computing
In September 2022, the first commercial 5G SA network in the world is launched by Nokia and Telia with network slicing for Fixed Wireless Access. In addition to providing 5G standalone (SA) Core as well as to other European markets, Nokia is the sole 5G vendor for Telia in Finland.
On April 2022, a new draught book titled Special Publication (SP) 1800-33 Volume B, 5G Cybersecurity: Approach, Architecture, and Security Characteristics was released by the National Cybersecurity Center of Excellence (NCCoE). SP 1800-33 Volume B will be of particular importance to commercial mobile network operators, potential private 5G network operators, and organisations using and managing 5G-enabled technologies
Influencing Trend:Rising government initiative for the digitalisation in the emerging economies is the key trend driving market growth and The trend of connectivity, machine learning and other forms of AI integrated across applications. Furthermore, market movement toward automation and autonomously controlled devices and vehicles propels the market forward
Market Growth Drivers:High adopting 5G Cellular worldwide drives the market growth and Increasing use of 5G in the end user industries boost the market growth
Challenges:Lack of skilled workforce restrict the market growth and Deployment of 5G Infrastructure in the developing countries stymies the market growth
Restraints:Increasing cyber threat attacks hampers the market growth
Opportunities:Rise in Internet of Things and Industry 4.0 in the emerging economies creates lucrative growth opportunities for the market and High levels of security automation are necessary for 5G system connectivity, and these automations are made possible by AI and machine learning. By assisting and automating the operations, artificial intelligence and machine learning offer fantastic prospects to improve security solutions
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others