The 5G security market size is projected to grow from $580 million in 2020 to $5.226 billion by 2026, at a compound annual growth rate (CAGR) of 44.3% during the forecast period, according to MarketsandMarkets. The major drivers for the 5G security market include 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.

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