5G wireless technology is transforming the telecommunications industry. 5G is touted as being 10 times faster, supporting 10,000 times more network traffic, and being able to handle 100 times more devices than 4G. It can do all this with one-fiftieth of the latency, and zero perceived downtime.
All those interconnected devices are attractive targets for cybercriminals. This helps explain why, from 2022 to 2027, the 5G cybersecurity market is expected to grow from $1.3 to $7.2 billion. That translates to a compound annual growth rate (CAGR) of 41.6%.
One cybersecurity company that’s expected to capitalize on this market is Cloudflare Inc (NYSE:NET).
Why Wall Street Is Bullish on Cloudflare Stock
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