By Mohit Shrivastava, Chief Analyst ICT, Future Market Insights
5G network, the fifth generation of the cellular technology is promising to offer faster and better connectivity across the globe. The deployment of the 5G network in different parts of the world is promising a change to end user industries such as IT sectors, manufacturing units of different consumer-based products, automotive, transportation and logistics, automotive and energy & utilities. Thus, the use of the 5G network is augmenting productivity, improving scalability and seamlessly integrating different domains of businesses.
Future Market Insight states that the 5G technology market is expected to register a staggering double-digit CAGR of 71.9% by garnering a market value of US$ 248.4 billion by the end of 2028. The penetration of the 5G network is accelerating developments in telecommunication technologies. Moreover, increasing adoption of Internet of Things (IoT), the growing number of smart technologies along with rapid growth of internet users is overall changing the way 5G network is perceived and used.
5G technology not only helps in improving responsiveness but also helps in increasing the speed of wireless networks. Additionally, the availability of advanced antenna networks along is helping 5G technology to offer 20 GBPS speed to carry and transfer data. The development of smart networks is allowing the emergence of smart homes, cities or towns. Thus, the dependency on 5G technology has increased massively.
Although most end user sectors are planning to maximize the use of 5G technology, the potential of cyber threats has multiplied more then ever. Thus, the same 5G technology that has opened the doors for innovation in technology has invited more cyber threats. Future Market Insight states that the cyber security market is expected to register a CAGR of 10.5% by the end of 2032. This is due to cybersecurity becoming a necessity across IT industries rather than a want.
An increase in incidences of computer intrusion (hacking), denial of services and virus deployment has become a matter of concern for end user industries. This had led to governmental authorities of different countries to invest in cyber security to save their private and important data from being misused. Government regulation on data privacy along with increasing number of data centers are effectively deploying the use of 5G networks to combat cybersecurity threats. This, in turn, not only promises the use of 5G networks for better connectivity but also ensures safety from cybersecurity from threats.
5G Network Services: Securing Internal and External Communications
Telecom operators deploying 5G networks and edge services are constantly at the receiving end of facing cyber threats. This, in turn, affects the confidentiality of data of users and attracts a negative reputation for the company. External and internal threats to cybersecurity are expected to grow owing to the increasing development of IoT devices. In addition, the modernization of telecom operators to hybrid cloud-based architectures has further increased the chances of digital threats in the technology world. Thus, companies are planning to deploy 5G networks to prevent enterprises from cybersecurity threats.
IBM and Palo Alto Networks have collaborated to help operators build secure 5G networks. Through this collaboration, the companies are working together to deliver cyber security solutions to enterprise and telecom customers around the world. The collaboration of these two companies combine various features such as automation spanning multifunction network devices and VNFs, control plane security and container security. Thus, the combination of integrated security services and services designed for 5G networks and eco systems is helping end user industries to combat cybersecurity threats in more ways than one. Furthermore, IBM is working with communication service providers on a “secure by design” strategy that will help in building cybersecurity capabilities for every part of the business.
5G Networks – Protecting Data and Network Intrusion
Penetration of technology in nearly every sector of human life has increased the interconnectivity between various electronic devices, thus, increasing the chances of cyber security threats. Today, data storing and saving have changed drastically. The innumerable options of capturing data and redirecting it has increased cybersecurity threats. Although 5G networks have increased accessibility to information on a great scale, the newness of the same is giving attackers an opportunity to find loopholes in the network system. Thus, end user industries are looking for solutions that ensure secure exchange of information along with prevention of confidential data. This has led to companies designing solutions that will help companies to combat cybersecurity threats, especially in a network embedded with 5G network.
Although the pandemic helped industries digitalize themselves overnight, the increasing number of cyber attacks became more prevalent. The sudden shift of communication networks along with less to no protection created more chances of cyber threats. But, with the penetration of 5G networks across various end user industries, networks will use artificial intelligence to detect the possibility of threats at an early stage. Artificial intelligence not only protects access points but also all the networks they connect. 5G’s intelligent edge solutions have the capability to prevent and detect network intrusion. Moreover, it has the potential to detect anomalous behavior that constantly learns and adapts to the target environment, thus, making 5G technology more reliable.
Advantages of Using 5G Network for Cyber Security Threats
- Low latency – 5G network’s low latency has the capability to support augmented reality, artificial intelligence and virtual reality efficiently. This helps in creating transparency between different IoT devices and ensures security of information and confidential data across organizations.
- Securing Cybersecurity Threats – 5G networks are helping tech experts to strengthen existing cybersecurity software. Devices connected with 5G networks have the potential to self-detect suspicious activity and act on the same immediately. Thus, making 5G networks essential for cybersecurity threats.
- High Speed and Increased Capacity – 5G network’s capacity to process information at a lightning speed is helping end user industries to understand the potential threats of cybersecurity. Furthermore, most tech companies are using key features of 5G network that can be customized to combat different kinds of cybersecurity threats.
Conclusion – 5G Technology – Enabling Safer Future
In the upcoming years, 5G networks are expected to become more prevalent along with becoming usable across business domains. This will not only help businesses to grow rapidly but also help in deploying workflows, monitoring and controlling solutions at remote locations. Although end user sectors such as healthcare, critical infrastructure and automotive industries are more prone to getting targeted by cybersecurity threats, usage of 5G network not only assures prevention of threats but also detects them at an early stage.
Owing to the aforementioned developments, the popularity of technology in large enterprises is expected to increase with time. Thus, most end user enterprises are looking forward to capitalizing on the use of 5G network. Tech-savvy industries are designing and customizing multiple ways of security networks against cybersecurity threats by maximizing the use of 5G. The increasing importance of cross-industry partnerships along with venture capital investments fuelling the chances of cybersecurity threats. This, in turn, is creating opportunities for the increasing use of 5G networks.
Technological advancements at a global level have surged the use of big data at the end user industries. The increasing penetration of artificial intelligence along with augmented and virtual reality is creating more opportunities for cybersecurity threats. Governments of different geographical locations are investing in cybersecurity and 5G networks, accelerating the overall growth of using 5G to combat threats.
With the innumerable benefits 5G network has to offer, the chances of cyberattacks are bound to increase. But simultaneously, 5G network has the potential to offer security at every level for end user industries. 5G network’s immaculate ability to change the dynamics of most end-user industries, especially on the front of preventing threats is making it a reliable source to carry out safe and secure work. Owing to this, the future of security from cyber threats looks safer than ever, thanks to the features 5G network has to offer.
About the Author
Mohit Shrivastava, Chief Analyst ICT, Future Market Insights. Mohit has 10+ years of experience in partnering with globally large enterprises to identify new revenue opportunities in high-growth niche IT markets across Cybersecurity, the Internet of Things (IoT), Blockchain, Telecommunications, Cloud Computing, Big Data & Analytics, Electronics & Semiconductors, and others technology markets. https://www.linkedin.com/in/shrivastavamohit/ and Future Market Insights (FMI), is an ESOMAR-certified market research and consulting market research company. FMI is a leading provider of market intelligence and consulting services, serving clients in over 150 countries; its market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, and interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine powered by Future Market Insights. Sign Up for a 7-day free trial!