ABI Sees $11.6B ‘Revenue Opportunity’ in 5G Network Security

A market for 5G network security is materializing quickly with the rapid pace of global 5G buildouts picking up speed, reported ABI Research Tuesday. It forecast an $11.6 billion global “revenue opportunity” for 5G network security solutions and services by 2026. “Delivered initially through hardware sales to telcos, the software and services opportunity is expected to grow significantly in the latter part of the forecast period,” it said. Communication service providers “are buying the solutions required primarily from network equipment providers and pure-play cybersecurity vendors,” said analyst Michela Menting. “In time, other specialized third parties will penetrate the market.”