ResearchAndMarkets.com analysts have looked into the future of 5G networks and predicted a rapid increase in security spending on next-generation cellular networks. According to this forecast, the global 5G security market will grow to $ 5.226 billion by 2026. Considering that in 2020 it was equal to $ 580 million, the average annual growth is expected at 44.3%.
Analysts explain that the 5G security market is gaining traction due to growing security concerns in 5G networks, an increase in ransomware attacks on IoT devices, an increase in attacks on critical infrastructure, and an increase in IoT connections. That being said, forecast experts warn that the high cost of 5G security solutions will hold back small and midsize businesses.
If we consider the distribution by segment, the segment of solutions for protection against DDoS attacks will grow the fastest during the forecast period. These attacks violate the confidentiality, integrity and availability of resources, which can result in losses of billions of dollars.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
