5G security market seen hitting $37.8 billion by 2031

A new Allied Market Research report projects the 5G security market will grow from $1.3 billion in 2021 to $37.8 billion by 2031, driven by wider 5G adoption, rising IoT deployments and cyber risk across critical industries. North America led in 2021, while Asia-Pacific is expected to grow the fastest over the forecast period. Why it matters: - 5G networks are expanding into sectors that rely on remote monitoring, connected devices and high-volume data traffic. - That expansion increases the need to protect infrastructure, healthcare systems, utilities and other targets that face elevated cyber risk. - 5G security is becoming a core layer for safely deploying IoT devices from initial network access through defense against known and zero-day attacks. What happened: - Allied Market Research said the global 5G security market was valued at $1.3 billion in 2021 and is projected to reach $37.8 billion by 2031. - The report forecasts a 40.5% compound annual growth rate from 2022 to 2031. - The report was published June 12, 2026. - Allied Market Research said the market is gaining from broader 5G adoption and increasing demand for secure remote operations. - The company also highlighted a sample report link: Get Research Report Sample Pages . The details: - The report says 5G’s higher device density supports wider IoT deployment without hurting network connectivity. - The report ties that capability to stronger adoption in remote locations where traditional connectivity is unavailable or costly. - By component, the solution segment held the largest share in 2021. - By deployment mode, on-premises led the market in 2021. - By organization size, large enterprises held the largest share in 2021. - By network component security, radio access network security led in 2021. - By architecture, 5G NR non-standalone held the largest share in 2021. - By industry vertical, IT and telecom led the market in 2021. - North America generated the highest revenue in 2021. - The report says the energy and utilities sector is expected to see strong growth during the forecast period as utilities pursue secure, scalable digital transformation. - Asia-Pacific is expected to post the highest growth during the forecast period as digitalization accelerates across business operations. - The report says COVID-19 boosted demand for advanced technologies, including AI, big data, cloud platforms, 5G and machine learning. - The report includes this purchase link: Procure Complete Research Report Now . - The report includes this inquiry link: Get More Information Before Buying . Between the lines: - The market forecast reflects a broader shift from 5G rollout to 5G risk management. - The report points to ZSM, AI/ML, blockchain and trusted execution environments as technologies that could shape next-generation security tools. - A cited example shows Fujitsu Limited and Trend Micro Incorporated collaborated in April 2021 on private 5G security using a simulated smart factory environment in Kawasaki, Japan. - The example suggests private 5G deployments are becoming a practical testbed for security products before wider commercial use. - The report names AT&T, Huawei, IBM, Intel, Juniper Networks, Nokia, Palo Alto Networks, Qualcomm, Ericsson and Trend Micro among the key players. What’s next: - Allied Market Research expects 5G security demand to rise as more enterprises connect critical systems to 5G networks. - The report says expanding digital transformation efforts should keep creating new opportunities for security vendors. - Industry competition is likely to center on solutions that can protect dense device environments, private networks and sector-specific deployments. The bottom line: - 5G security is moving from a niche category to a fast-growing market tied directly to enterprise 5G and IoT adoption.