5G Security Market Expected to Exceed a Valuation of USD 5,201.4 Billion by 2026 Growing at 44.25% CAGR
Top leaders in 5G Security Market are Akamai, A10 Networks, Allot, Avast, AT&T, Check Point, Clavister, Cisco, Colt Technology, F5 Networks, Ericsson, ForgeRock, G+D Mobile Security, Fortinet, Huawei, Mobileum, Juniper Networks, Nokia, Positive Technologies, Palo Alto Networks, Radware, Spirent, Riscure, Trend Micro and ZTE among others.
Pune, June 14, 2021 (GLOBE NEWSWIRE) — Market Overview
5G mobile networking technology is one of the key innovations in telecommunications. With its faster data rates than 4G & LTE speeds and low latency & increased bandwidth, 5G technology has exponentially improved the connectivity and connected technology. However, alongside came the cybersecurity concerns and increased vulnerability to online crimes.
Besides, the proliferation of private 5G networks created significant market demand. Organizations are increasingly seeking to significantly improve operations through high capacity, low latency, and fast communications networks, thereby increasing the focus on the security of the data transmitted. Resultantly, Private 5G networks are expected to gain huge momentum in industrial uses.
5G security market worldwide are estimated to garner significant traction. In this regard, Market Research Future (MRFR), a leading research firm, states that the global 5G security market is poised to reach USD 5,201.4 billion by 2026, growing at a massive 44.25% CAGR during the review period (2020–2026). With 5G networking systems incorporated into every business system and growing digitization, the need for 5G security is growing too.
COVID-19 Impact
5G security industry is one of those many industries which remained unaffected by the COVID-19 complications. The onset of the pandemic positively impacted the already-competitive telecom markets and so 5G technology and security markets. Moreover, the massive leap people took to make a living online during the lockdown period increased the market demand for high-speed networks and 5G securities.
On the other hand, the economical setback that occurred due to the coronavirus outbreak worldwide contributed to the market upend, causing many lost jobs and downward discretionary income, thereby fueling…
