7 leading 5G Security companies offering best Security Solutions

Posted by : Admin 13-Jul-2022   587   0  

As per Business Intelligence Insights (BII) study, the global 5G Security Market attained revenue growth of USD 583.8 million in 2021 and it is projected to reach around USD 17.6 billion by 2030, growing at a 19.30% CAGR. Click here to request a sample report containing detailed insights into market trends expected in the coming years.

The 5G security industry is gaining pace as a result of escalating security concerns in 5G networks, increasing ransomware attacks on IoT devices, increased attacks on critical infrastructure, and increased IoT connections, which opened the way for mMTC with improved security requirements. Data breaches and cyber-attacks are reduced by using 5G security architecture. This attack can be caused by rogue networks connected to networks by unknown network devices, and weak data encryption can expose sensitive data. With an increase in digital usage comes an increase in the risk of cyber-attacks. Adoption of a 5G network infrastructure can lessen the likelihood of a cyber-attack. 5G technology adds security features such as user authentication, better user privacy, and strong network authorization. We can encrypt data, secure its integrity, and authenticate it during the data transfer process with the help of 5G security.

The growing deployment of fifth-generation (5G) cellular technology is projected to generate demand for 5G security. The rising demand for security solutions at numerous levels, such as in devices, cloud RAN infrastructure, and air interface equipment is expected to drive market expansion over the forecast period. 5G enables a plethora of upgraded and new applications and services that require excellent security. This, in turn, is likely to fuel the global expansion of the 5G security industry.  The growing importance of efficiently adhering to demanding regulatory compliances is expected to drive the worldwide 5G security market in the coming years. Rising government digitization initiatives have fuelled demand for 5G implementation, which will indirectly drive the global 5G security market over the forecast period. Increased use of cloud-based solutions among enterprises, which produces the demand for security solutions and services globally, is also expected to drive demand for 5G security. 5G networks enable manufacturers and telecom operators to build smart factories that fully utilise technologies such as automation, artificial intelligence, augmented reality for troubleshooting, and the Internet of Things (IoT).

Ericsson was founded in 1876 ,Stockholm, Sweden by Lars Magnus Ericsson. Ericsson's Network Portfolio includes hardware, software, solutions, and related service offerings that cover Ericsson's full 5G platform. The products and services offered by Ericsson include 5G RAN, 5G transport, core network automation, dedicated networks, IoT platform, managed services, mission-critical communications, network services, service orchestration, telecom BSS, wireless WAN, etc. The CEO and President of the company is Börje Ekholm (since 2017). There are 101,322 employees (2021).

A10 Networks is a publicly traded American company that specialises in the production of application delivery controllers (software and hardware). Lee Chen, co-founder of Foundry Networks, founded the company in 2004. As president and CEO, Dhrupad Trivedi began working for A10 Networks in December 2019. A10 NETWORKS helps mobile operator’s future-proof their networks by providing agile and consolidated solutions that result in improved security, hyperscale delivery, higher reliability, and lower TCO.

AT&T (US)  (Previously known as American Telephone and Telegraph) founded in October 5, 1983.By providing robust defences to support your enterprise network infrastructure, advanced 5G security solutions make it safer for your business to innovate. AT&T's defences at every layer contribute to the security of your mobile network, from device to data centre to cloud to edge. AT&T  has launched comprehensive, managed advanced security capabilities for 5G network deployments. AT&T (US) Group has 4,300 employees around the world. With $181 billion in revenue in 2020, AT&T was ranked 9th on the Fortune 500 list of the largest corporations in the United States.

The American international technological conglomerate firm Cisco Systems, Inc., also known as Cisco, has its corporate headquarters in San Jose, California. In Cisco 79,500 people are employed (2021). Cisco's CEO is Chuck Robbins. Cisco sees 5G core as an opportunity for service providers to capitalise on major changes in the data centre, networking, and mobility economics in a standardised multivendor environment.

Huawei is a Chinese global technology company headquartered in Shenzhen, Guangdong, and was founded in 1987 by Ren Zhengfei, the company's founder and CEO. Huawei employs approximately 195,000 people and operates in over 170 countries and regions, serving over three billion people worldwide. Huawei encourages the industry to collaborate in order to share responsibilities, unify standards, develop clear regulatory measures, and create a secure, dependable, open, and transparent 5G security ecosystem that benefits everyone and is widely recognised by stakeholders.