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Home Technology Security

5G network security worth US$9 billion up for grabs

FutureIoT Editors by FutureIoT Editors
December 4, 2022
Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

The current macroeconomic and political global context has put increased pressure on 5G rollouts, slowing expectations for growth in the network security market compared to previous forecasts. ABI Research forecasts the market to continue a steady upward, albeit slowed, trajectory to reach US$9.2 billion by 2026.

“The criticality and resulting demand for security in 5G networks are undisputed. However, the persisting fallout of the global pandemic, with interrupted deployments of 5G, delays in spectrum auctions and the standardisation from Release 16, continue to impact the market,” explains Michela Menting, telco cybersecurity research director at ABI Research.

She adds that current inflation and a potential recession in 2023 means mobile operators will face challenges for their future revenue streams (e.g., consumer spending), Operational Expenditure (OPEX) increases (e.g., energy prices driving up costs and increased price of upstream providers), and higher cost to borrow money (making investing harder).

This means that investments in security technologies and services will take longer to materialise. ABI Research sees the opportunity for URLLC and mMTC as highly promising from a security perspective compared to the security demand in eMBB applications.

A slowing market doesn’t mean a passive one. She opines that this slowing condition provides more time for stakeholders, notably mobile operators and network equipment providers, to plan for security monetisation in the enterprise space in 5G telco cloud and services.

Michela Menting

“They are faced with aggressive coopetition from hyperscalers and other new entrants, around which they will need to position themselves. As such, there is plenty of opportunity for the continued development of a lucrative and healthy security market in 5G.”

Michela Menting
Related:  PodChats for FutureIoT: IoT in Asia in 2023 and beyond
Tags: 5GABI ResearcheMBB applicationsmMTCRelease 16URLLC
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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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Photo by Ágoston Fung: https://www.pexels.com/photo/lighted-buildings-during-nighttime-near-body-of-water-2227942/

Why Shanghai is number one smart city in 2023

May 31, 2023
Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

ABI Research reveals obstacles to 5G monetisation in the enterprise

May 31, 2023
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