Industry

Background
  • The telecoms industry is projected to witness significant growth by 2024 that underpins its global relevance (MarketLine, 2020).
  • The growth of global wireless telecommunication services to a market value of $885.2 billion, an increase of 15.7% since 2019.
  • The rise of 5G and IoT has changed the way businesses, consumers and devices communicate.
  • Geography segmentation with Asia-Pacific accounting for 43.6% of the market value
  • China Mobile is the leading market share as dominant player, generating 13.2% of the share of the market’s volume
Why is 5G network security important?
  • The telecommunications industry plays an important role in global economic development by bridging the digital divide through the rapid evolution and rollout of communication technologies and their supporting infrastructure.
  • Its pervasiveness across industry verticals and horizontals is a critical success factor for organizations and governments to meet strategic business objectives. And by so doing improving social and economic development.
  • Thus, network infrastructure is embedded at the core of any functional business and country and protecting this infrastructure is essential.
    • Key assets verticals and main service providers
    • Mobile Broadband Network: Mobile Network Operators (MNO) provide mobile connectivity to consumers and businesses over their mobile networks, this includes retail wireless and digital services e.g., most Vodafone businesses fall in this category. Other examples are China Mobile, Celcom, and Claro.
    • Mobile Virtual Network: Services in this area such as mobile services to majorly consumers are provided by Mobile Virtual Network Operators (MVNO). MVNOs do not own the physical network infrastructure but instead use another provider’s infrastructure e.g., TalkTalk, Virgin Mobile, and Walmart.
    • Converged: Most large carriers today are converged services providers and provide triple-play services (fixed-line telephony + internet + TV) or quad-play (with mobile). Examples of service providers are AT&T, Deutsche Telekom, Orange, Telstra, Telefonica.
    • Enterprise Corporate: Communication Service Providers (CSPs) focus on delivering dedicated lines, VPNs (Virtual Private Network), metro-ethernet, and other connectivity services to enterprises both locally and globally.
    • IoT: IoT services include Telematics, Connected Health, Smart Homes/Buildings, and more. Verizon, Vodafone, and Telefonica are an example of companies expanding their services in this area.
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