With advancing 5G roll-outs, the opportunity for software and service-based security is emerging quickly due to the need to secure virtualized and cloud-based assets at the edge of the Radio Access Networks (RAN) and in the core. ABI Research expects a diverse multi-vendor cybersecurity market to leverage and adapt the best digital security technologies to the 5G ecosystem, creating a rich and innovative market to protect all aspects of 5G networks.
Read MoreThe worldwide infrastructure as a service (IaaS) market grew 37.3% in 2019 to total $44.5 billion, up from $32.4 billion in 2018, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2019, followed by Microsoft, Alibaba, Google and Tencent.
Read MoreAmazon (AWS), Google, IBM, Microsoft (Azurea) and Alibaba were named “leaders” by IHS Markit's new scorecard on off-premises cloud IT service providers.
“Leadership in the cloud IT infrastructure services market requires a diverse portfolio, and all of the leaders have strong brand awareness and a reputation of innovation,” said Devan Adams, principal analyst, cloud and data center research practice, IHS Markit.
Information and communications technology (ICT) spending by service providers will reach $426 billion by 2022, representing average growth of 6 percent per year, as the ongoing shift from on-premise IT management to the "as-a-service" model continues to gather pace in many regions around the world, IDC finds.
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