/PRNewswire/ Allied Market Research published a report, titled, "5G Security Market by Component (Solution and Service), Deployment Mode (On-premises and.
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The global 5G security market size is projected to grow from $580 Million in 2020 to $5,226 Million by 2026, at a CAGR of 44.3% during the forecast period.
The 5G security market is gaining traction due to rising security concerns in the 5G networks, increasing ransomware attacks on IoT devices, rising attacks on critical infrastructure, and increasing IoT connections paved way for mMTC with enhanced security requirement. However, the high cost of 5G security solutions will restrain the adoption by SMEs.
Based on solution type, the DDoS protection solution segment is expected to grow with the fastest growth rate during the forecast period