The 5G Security Market is projected to expand from USD 1.5 billion in 2023 to USD 15.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 40.1%. A key driver behind this growth is the substantial rise in connected devices. As 5G technology continues its global rollout, one of its standout features is the ability to support an exceptionally high number of connected devices within a given area. This capability plays a critical role in enabling the Internet of Things (IoT), smart cities, industrial automation, and other applications that depend on a vast network of interconnected devices.

The automotive industry is leveraging 5G for connected vehicles and intelligent transportation systems. Security is paramount to ensure the safety of connected vehicles, prevent cyber-attacks on transportation infrastructure, and safeguard sensitive data transmitted within the transportation ecosystem. The growth in machine-to-machine communication, a key aspect of IoT and connected devices, necessitates security solutions that can handle the unique characteristics and requirements of M2M interactions.  

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Non-standalone (NSA) 5G allows for a gradual transition from 4G to 5G by leveraging existing LTE infrastructure. This approach facilitates a smoother upgrade path for network operators. NSA 5G enables quicker deployment compared to standalone 5G, as it builds upon the existing LTE network. This can lead to faster availability of 5G services in certain regions.

NSA 5G involves the interworking of 4G and 5G networks. Ensuring security during this interworking phase is crucial to prevent vulnerabilities that could be exploited by malicious actors. Dual connectivity, where devices simultaneously connect to both 4G and 5G networks, introduces potential security challenges. Security measures must address the seamless handover between these networks and to do so, NSA 5G security will witness significant growth by 2030.

North America, including the US and Canada, has been at the forefront of deploying 5G infrastructure. Telecom operators are actively expanding their 5G coverage, leading to a growing need for robust security solutions. The deployment of 5G in North America spans critical infrastructure sectors, including energy, healthcare, finance, and transportation. Protecting these critical systems against cyber threats is a priority, leading to increased demand for 5G security solutions.

Beyond telecom operators, enterprises in North America are investing in 5G security solutions to protect their networks, data, and connected devices as they adopt 5G technology for various business applications.

Major players operating in the global 5G security market are AT&T, Atos, Check Point, Ericsson, Fortinet, Huawei, Juniper Network, Nokia, Palo Alto, and Thales, among others. These players are adopting organic and inorganic strategies to expand their business.

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Some of the important developments in the recent past are mentioned below:

  • In November 2023, Ericsson announced its collaboration with Concordia University, the University of Manitoba, and the University of Waterloo to build cyber resilient and secure 5G networks through automation and AI.
  • In September 2023, Fortinet, the global cybersecurity leader driving the convergence of networking and security, and NOW Corp, a company specializing in digital connectivity solutions, have entered into a strategic Memorandum of Understanding (MOU) to enhance cybersecurity and 5G security in the Philippines, expediting the nation’s digital transformation journey.

“As 5G networks continue to roll out globally, securing these next-generation systems is more critical than ever. With the increased speed, connectivity, and volume of data, 5G opens up new vulnerabilities that need to be addressed. This market report highlights the growing demand for advanced 5G security solutions to protect businesses and consumers from potential cyber threats. The 5G security market is evolving rapidly, and understanding these trends will be essential for organizations to safeguard their networks and stay ahead in a hyper-connected world,” said Sudipto Ghosh, Research Specialist, Intent Market Research.

Sudipto added, “This report offers comprehensive insights into the 5G security market, detailing its expected growth and the factors driving demand for advanced security solutions. With the market projected to reach significant revenue levels, understanding the emerging security challenges and opportunities in 5G will help organizations prepare for the future of secure connectivity. For anyone involved in telecommunications or cybersecurity, this is an essential read.”

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