US$8 Billion Market for IoT Security Services on 4G and 5G Networks by 2026

Market demands for secure cellular IoT solutions are coming from automotive, asset management, smart cities, utilities, and energy as well as from payments and healthcare applications. The diversity of the demand means the vendor landscape is expanding considerably, with pure-play cybersecurity vendors and traditional technology providers throwing their hat in the ring alongside telco network equipment providers and network solution providers to offer secure IoT solutions to mobile network operators and enterprises in their respective markets. Companies at the fore of delivering such solutions include 1NCE, Allot, Ericsson, FirstPoint, Fortinet, G+D, IoTerop, Kudelski, Mobileum, Netscout, Nokia, Thales, Transatel, and ZTE.

Market demands for secure cellular IoT solutions are coming from automotive, asset management, smart cities, utilities, and energy as well as from payments and healthcare applications. The diversity of the demand means the vendor landscape is expanding considerably, with pure-play cybersecurity vendors and traditional technology providers throwing their hat in the ring alongside telco network equipment providers and network solution providers to offer secure IoT solutions to mobile network operators and enterprises in their respective markets. Companies at the fore of delivering such solutions include 1NCE, Allot, Ericsson, FirstPoint, Fortinet, G+D, IoTerop, Kudelski, Mobileum, Netscout, Nokia, Thales, Transatel, and ZTE.

"While LPWANs are still nascent, and 5G NR quite a few years from maturity, early understanding and integration of security is critical to developing trusted networks and will enable the creation of high-value revenue opportunities for the entire industry," Menting concludes.

These findings are from ABI Research's Secure IoT Cellular Connectivity (LPWAN & 5G) application analysis report. This report is part of the company's Digital Security research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography.

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