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5G Network Security Revenue by Solution Type Across MNOs and Enterprises

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5G Network Security Solutions & End Markets

Report | 3Q 2024 | AN-6082

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5G Security is a growing market, expected to rocket from around US$2.5 billion in 2023 to over US$11 billion in 2029. This is a response to accelerating adoption of 5G, but also shows a change in traditional telco security, with most of the expansion in the services and software fields. An increasingly “digitized” mobile world demands software security solutions, resulting in the growth of this market. The complexity of a deeply hybridized ecosystem and customer desire to maximize the cost efficiencies of “as-a-Service” offerings explains the growth in the service market.