Feeble ROI in 5G Network Security Market Feeling Sting of Global Economic Slowdown

MNOs will have to readjust their outlook for the longer term. MMTC remains a significant market opportunity for 5G network security, not least as cellular IoT deployments are primarily secured through the network due to restricted device capabilities, limiting on-device security solutions. Network segmentation, through slices using virtualized appliances and software orchestration solutions, will need to be packaged and offered by MNOs in a manner that appeals from both a cost and simplicity perspective. Not an easy feat to accomplish, enterprises are a discerning and demanding target market, and MNOs with competitive and modular security solutions will appeal to this exigent segment.

Menting concludes, "Ultimately, the future market for 5G network security will be largely dependent on how providers, including MNOs but also third parties such as technology suppliers and cybersecurity vendors, craft appealing solutions for the enterprise space that can transcend economic headwinds. The key is to focus on selling security as a value-add, showcasing how 5G network security can be a strategic business-enabler."

These findings are from ABI Research's Market Data on 5G Network Security Revenue market data report. This report is part of the company's Telco Cybersecurity research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.

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