Rapid adoption of advanced technologies to push the 5G security market

5G has designed security controls to direct many of the threats faced in today's 4G/3G/2G networks. These controls involve contemporary mutual authentication capabilities, improvised subscriber identity protection, and additional security mechanisms. 5G provides the mobile industry with an unparalleled opportunity to elevate network and service security levels.

According to the research report, the global 5G security market size & share was valued at USD 1.10 billion in 2021 and is expected to reach USD 21.11 Billion By 2030, growing at a CAGR of 41.4% during the forecast period.

Technologies Leveraged by 5G

Virtualization: The 5G network architecture will be service based, indicating that central network operations may be performed through functions exterior to the operating network, such as the cloud. This is a paradigm shift from established core network security controls but provides the operator the opportunity to leverage virtualization technologies.

Cloud Services: The cloud is a significant 5G enabler; 5G architecture has been designed to be cloud native as it brings scalability and elasticity. Using cloud technology can complicate the supply chain and liability chain.

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Key Advantages

Anti-tracking and spoofing features that circumvent manipulation of distinct device connections. 5G has also introduced new IP and cloud security standards that assist in reinforcing the network's security posture. Hackers are targeting IoT devices and benefit from known vulnerabilities such as those connected to default usernames, passwords, and static code backdoors. These days all verticals are acquiring automation with the incorporation of IoT and high-speed networks. Crucial infrastructures such as electricity, water, and other vital resources are among the adopters of technologies in a nascent stage and a phase of automation.

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Key Players

The report includes the study of key players 5G security market. It profiles significant vendors in the 5G security market. The major vendors in the 5G security market include Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US).

In December 2021, Ericsson announced the launch of the Authentication Security Module. It is a module that helps communications service providers store crypto keys and algorithms in a Hardware Security Module (HSM), which augments security for markets and various use cases with more strict security requirements.