The North America 5G Security Market would witness market growth of 37.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,622.8 million by 2031. The Canada market is experiencing a CAGR of 40.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 39.3% during (2024 - 2031).
This market refers to the segment of the cybersecurity industry dedicated to developing and implementing security solutions specifically designed for 5G networks. As the fifth generation of mobile telecommunications technology, 5G brings significant advancements in speed, capacity, and connectivity, enabling a range of applications from enhanced mobile broadband to the Internet of Things (IoT) and mission-critical communications. However, with these advancements come new security challenges and vulnerabilities that must be addressed.
In addition, they encompasses a range of applications to protect networks, devices, and data from emerging threats. Due to their extensive connectivity, 5G networks are susceptible to Distributed Denial-of-Service (DDoS) attacks. Advanced security measures are deployed to detect and mitigate these attacks in real time, ensuring service continuity and reducing downtime. These systems can integrate self-healing capabilities that automatically detect failures or intrusions and take corrective actions to restore normal operations without human intervention.
The rapid digital transformation within the media and entertainment industry also raises significant cybersecurity concerns. As organizations migrate to 5G networks, the risks associated with data breaches, intellectual property theft, and unauthorized access to sensitive content are becoming more pronounced. With the stakes higher than ever, safeguarding creative assets and consumer data is crucial for maintaining trust and ensuring the integrity of the production process. The surge in cyberattacks highlights the urgent need for robust cybersecurity frameworks within the healthcare sector, particularly as organizations transition to 5G-enabled solutions. As more healthcare providers adopt telehealth services and Internet of Medical Things (IoMT) devices, the demand for comprehensive 5G security solutions will increase. Thus, the increasing media & entertainment industry and rising cases of cyberattacks in the region's healthcare sector are driving the market's growth.
Free Valuable Insights: The 5G Security Market is Predict to reach USD 26.8 Billion by 2031, at a CAGR of 38.2%
Based on Network Component Security, the market is segmented into Core Security and Radio Access Network Security. Based on Industry Vertical, the market is segmented into IT & Telecommunications, Manufacturing, Healthcare, Energy and Utilities, Retail, Automotive, Media & Entertainment, and Other Industry Vertical. Based on Deployment Mode, the market is segmented into On-Premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Component, the market is segmented into Solution and Services. Based on Architecture, the market is segmented into 5G NR Standalone and 5G NR Non-Standalone. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Network Component Security
By Industry Vertical
By Deployment Mode
By Organization Size
By Component
By Architecture
By Country
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