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5G Security Market worth $9.2 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Sept. 8, 2023 /PRNewswire/ — Addressing the particular security concerns posed by 5G technology, such as sophisticated threats, network slicing, IoT security, and edge computing, will be the focus of the 5G Security Market in the future. The integrity and resilience of 5G networks and apps will depend on cutting-edge technologies, cooperation, and a proactive security posture.
The 5G Security Market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 9.2 billion by 2028, at a CAGR of 38.9% from 2023 to 2028, according to a new report by MarketsandMarkets™. The 5G network is connected to vertical industrial networks, such as automobiles, medicine, factories, and IoT devices which creates a network connection structure that comprises complex heterogeneous networks centered on the 5G networks.
Browse in-depth TOC on “5G Security Market”
177 – Tables 46 – Figures253 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2021-2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD) Billion
Segments Covered
Offering (Platform and Services), Type, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland).
By offering, the solutions segment is estimated to account for the largest market share in 2023.
Due to the increasing complexity and interconnectedness that 5G technology delivers, security is a major problem. With 5G, the fifth generation of wireless networks, data rates are increased, latency is decreased, and there is support for a huge number of connected devices. These benefits, meanwhile, also increase the potential attack surface for online attackers. An all-encompassing solution calls for a multifaceted strategy to solve the security issues around 5G. To protect the secrecy of data exchanged over the network, strong encryption mechanisms must first be put in place. Second, strong authentication procedures and access controls must be in place to guarantee that only authorized individuals and devices can access the network. Thirdly, technologies for continuous monitoring and threat detection must be used to quickly spot and stop any suspicious activity.
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By network security, RAN security is expected to register the largest market size during the forecast period.
Base stations and antennas that cover a particular area based on their capacity are included in Radio Access Network (RAN) components, as is a core network that includes a RAN controller. The heart of contemporary LTE networks must have an Evolved Packet heart (EPC). Numerous cyberattacks reduce the RAN’s performance and interfere with internet services by causing low latency. Because 5G security solutions shield RANs from cyberattacks, there is no bandwidth consumption from unauthorized traffic. All RAN interfaces transport important communication, and intruders who read or change the data can seriously damage the network. As a result, businesses have used 5G security solutions broadly.
Asia Pacific is expected to have the highest growth rate.
The Asia Pacific region’s enormous population has produced a sizable pool of mobile subscribers for telecom firms. The region contributes the most mobile customers to the global total and will continue to grow its network in the upcoming years. A variety of nations undergoing digital transformation can be found in this diverse region. Leading technologies like 5G and edge computing are predicted to be dominated by the Asia-Pacific area. 5G security and blockchain. The size, variety, and strategic leadership of countries, including Singapore, are the key causes of the dominance. Australia, China, South Korea, and Japan. The two biggest economies that manufacture vehicles, IT, networking, and electronic devices are Japan and China.
Top Key Companies in 5G Security Market:
The major vendors covered in the 5G security Ericsson (Sweden), Palo Alto Networks (US), Cisco (US), Allot (Israel), Huawei (China), A10 Networks (US), Nokia (Finland), F5 Networks (US), Juniper Networks (US), Spirent (US), Fortinet (US), Mobileum (US), Trend Micro (US), ZTE (China), Akamai (US), Colt Technology (UK), CLAVISTER (Sweden), Radware (Israel), AT&T (US), Riscure (Netherlands), Avast (Czech Republic), G+D Mobile Security (Germany), Check Point (US), ForgeRock (US), Positive Technologies (UK), Cellwise (US), Banu Networks (US), Suavei (US), Cachengo (US), BroadForward (Netherlands), Trilogy (US), Movandi (US), Deepsig (US), EdgeQ (US), Alcan systems (Germany), Mixcomm (Colombia), and Microamp Solutions (Poland).
Recent Developments
In July 2023, Ericsson partnered with Spark, one of New Zealand’s largest telecommunications and digital services providers. To supply its 5G Core solution to power Spark’s 5G Standalone (SA) network in New Zealand.In June 2023, Cisco Systems and Indian system integrator Wipro Technologies partnered to deploy private fifth-generation (5G) networks to enterprise customers worldwide.In September 2022, Palo Alto Networks partnered with Telus, one of the largest 5G network operators in Canada. Telus will use the security vendor’s hardware and software firewalls to protect high-capacity network interfaces across its 5G stand-alone core and internet perimeter while providing security to its IoT customers.In September 2021, A10 Networks enhanced its solutions to help customers meet and accelerate its Zero Trust strategies. The company added Zero Trust architecture to the existing security portfolio. The features that will be enhanced are infiltration visibility and protection, automated DDoS protection, granular operational micro-segmentation, advanced user authorization and verification, and real-time observability and central management.Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=261636732
5G Security Market Advantages:
Faster downloads, lag-free streaming, and increased network performance are all made possible by the much faster internet rates offered by 5G.Data transmission delays are decreased thanks to 5G networks’ ultra-low latency. This is essential for applications that require split-second judgements, such as driverless vehicles, remote surgery, and augmented reality.5G is the best option for IoT applications like smart cities, industrial automation, and remote monitoring since it can link a large number of IoT devices at once.With more concurrent users and devices supported by 5G networks, network congestion is reduced and dependable connectivity is always available, even in heavily populated locations.Wider bandwidth is available on 5G networks, supporting high-data applications and the expansion of multimedia content.The energy-saving features of 5G technologies are intended to make wireless networks less harmful to the environment than their forerunners.Edge computing is made possible by 5G, allowing data processing and analysis to take place nearer to the data source, lowering latency and enhancing real-time decision-making.By enabling video conferencing, cloud computing, and other collaborative capabilities, 5G makes it easier to work remotely and collaborate with others.Report Objectives
To determine and forecast the global 5G Security Market by component (solutions and services), network component security, architecture, deployment mode, organization size, application, end-user, vertical, and region from 2020 to 2027, and analyze various macro and microeconomic factors that affect the market growthTo forecast the size of the market’s segments with respect to four main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW)To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the 5G Security MarketTo analyze each submarket with respect to individual growth trends, prospects, and contributions to the total 5G Security MarketTo analyze opportunities in the market for stakeholders by identifying the high-growth segments of the 5G Security MarketTo profile key market players (such as top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.To track and analyze competitive developments, such as mergers and acquisitions (M&As), product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the marketBrowse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting
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About MarketsandMarkets™ 
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessinsg the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected]
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Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI

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September 26, 2023

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Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation
BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.

Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.
Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”
Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
 
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Vena Closes First Half of 2023 With Record Revenue, Customer Base and Partnerships

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September 26, 2023

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CPM leader notches impressive year-over-year revenue growth alongside continued recognition of platform capabilities  
TORONTO, Sept. 26, 2023 /PRNewswire/ — Vena, the Intelligent Complete Planning platform loved by finance and trusted by business, entered the second half of 2023  with considerable customer momentum and revenue growth following fiscal H1. The company welcomed more than 200 new customer wins and saw continued success across Vena’s Services and Solutions Partner Ecosystem.  

Vena’s award-winning cloud corporate performance management (CPM) software empowers leading companies and organizations worldwide, such as Nike, Kansas City Chiefs, Coca-Cola Consolidated, WWF-Canada and over 1,600 more, to plan for anything and succeed through today’s uncertainty. For Metro Supply Chain Group, Vena has helped them run multliple scenarios and use multiple forecasts to aid decision making. “Operational metrics are important, but the story is not complete until you can see how they impact your costs, revenue and EBITDA margins. Vena is our way of bringing that all together and measuring the health of our business,” explains Paolo Mari, VP of Business Analytics and Commercial Management at Metro Supply Chain Group. 
According to Vena CEO Hunter Madeley, Vena’s growth has been fueled by the ever-increasing need for customers to derive insights from internal and external data and take purposeful action.  
“Our customers are leveraging Vena to navigate their best path through what continues to be highly variable market conditions for most organizations. The Vena Insights product, which puts the power of AI in the hands of our customers, has seen tremendous uptake this year as finance and operations teams become stronger strategic partners for their organizations. Whether leaning on the experience and knowledge of our service and support teams, or the strength of our expansive Partner ecosystem, our customers are taking full advantage of the investments we continue to make in our platform. We remain grateful to the entire Vena community for their continued support, and we look forward to serving record numbers of customers and partners in 2023,” says Madeley. 
The company, which offers an industry-leading corporate performance management platform that helps organizations plan for anything, also hosted another successful Excelerate Summit in May. The yearly global virtual summit and new this year, a local in-person event in the UK, featured 40+ speakers and drew more than 3,000 finance and business leaders from around the world. Vena previewed expanded solution offerings, including new Partner-built preconfigured solutions (PCS), at Excelerate Summit 2023. The annual conference saw record Partner participation rates with an increase of 80% over 2022 across Partner speakers, attendees and exhibitors. 
Growth in Vena’s revenue and customer base has been accompanied by numerous industry accolades, including:  
Recognized for the fourth consecutive year with a TrustRadius Tech Cares award for going above and beyond to support employees and communities across five areas of focus ( Volunteerism; Robust diversity, equity and inclusion programs; Charitable donations and fundraising; Workplace culture, including support for remote and in-office employees;  Demonstrable support for environmental sustainability). Earning multiple 2023 TrustRadius Top Rated Awards in four categories: Corporate Performance Management (CPM); Budgeting and Forecasting; Financial Close;  Cash Flow Management. Recognition as a Leader in the 2023 Nucleus Research CPM Technology Value Matrix, which acknowledged Vena’s enablement of  “customers to make data-driven decisions, uncover actionable insights and drive growth across their business.” About Vena Vena is the only Intelligent Platform for Complete Planning that’s natively integrated with Microsoft 365, empowering teams to plan the way they think. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and flexible modeling capabilities to help business, finance and operations leaders make informed business decisions. With Vena, you can leverage the power of Microsoft Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.  
MEDIA CONTACT Jonathan Paul Senior Director, Content & Communications, Vena [email protected] 
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EdrawMind V10.9.0 ‘s New Features Revolutionizing the Way Users Visualize Ideas

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September 26, 2023

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VANCOUVER, BC, Sept. 26, 2023 /PRNewswire/ — Wondershare Technology, a globally recognized software company, is excited to announce the release of EdrawMind V10.9.0, the latest version of their leading mind mapping and brainstorming tool. This update introduces a range of features aimed at revolutionizing the way users visualize ideas, enhancing efficiency, and fostering creativity. By harnessing cutting-edge technology, this new version seeks to cater to the diverse needs of professionals, students, and anyone looking to transform their thoughts into organized, dynamic, and visually appealing diagrams.

Integration with OpenAI: This feature enables seamless interaction with ChatGPT, integrating powerful AI capabilities into EdrawMind, thereby improving user experience through intelligent suggestions and assistance.Intelligent Document Parsing: EdrawMind can now intelligently analyze and process documents, extracting key information and assisting users in creating mind maps based on existing documents.PPT Generation: A valuable addition for users seeking to convert their mind maps into presentation slides efficiently.Inspiration Space: This dedicated space within the software encourages brainstorming and idea collation, thus streamlining the creative process.Exploration of Audio and Video: EdrawMind V 10.9.0’s new capability to handle audio and video content allows users to enrich their mind maps with multimedia elements.Versatile and Vertical Mind Map Posters: This feature provides users with myriad options for creating and customizing mind map posters, both in terms of layout and design.”In our relentless pursuit of enhancing user experiences, we are thrilled to introduce the integration of OpenAI into EdrawMind. This transformative update brings AI-driven features like intelligent file parsing and effortless PPT generation directly to our users, empowering them to achieve new levels of productivity and creativity. But our commitment doesn’t end here. We envision a future where our AI continually evolves, learns, and adapts to better serve and inspire our users on their creative journeys.” – Iris Liu, Head of Wondershare BrandingWondershare
Compatibility and Price 
Wondershare EdrawMind is compatible with Windows, Mac, Android and iOS and pricing starts at $39 for a six-month subscription. For free trials and downloads, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about EdrawMind.  Additionally, with an EdrawMind membership, you can enjoy cross-platform benefits across all EdrawMind platforms.
About Wondershare
Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life. 
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