The rollout of 5G networks around the world is accelerating. As this happens, a corresponding market for network security products is emerging. Experts from the analytical company ABI Research predict that its volume will reach $ 11.6 billion by 2026. Analysts clarify that the first time the growth will be largely associated with the sale of equipment, but in the second part of the forecast period will significantly increase revenues related to software and services.
“Communication Service Providers (CSPs) buy the solutions they need primarily from network equipment vendors and clean cybersecurity vendors. Over time, other specialized third parties will also enter the market as carriers move to autonomous 5G networks, ”explains Michela Menting, director of digital security research at ABI Research.
Over time, as CSPs start offering enterprise applications, this initial investment in security is likely to translate into enterprise security service offerings, marking a significant turnaround and a big new opportunity for CSPs to recoup security costs and create new value in network services.