Core Insights - Nokia and OneLayer are collaborating to enhance secure private 5G/LTE adoption for utility companies, focusing on modernizing grids with improved security and operational efficiency [2][6][7] Group 1: Partnership Overview - The partnership combines Nokia's secure mission-critical private networks with OneLayer's OT asset management to provide deeper device visibility and stronger security [2][5] - This collaboration aims to support utility companies in their grid modernization efforts by leveraging advanced security features and operational intelligence [6][7] Group 2: Security and Technology Features - The integration of NetGuard Endpoint Detection and Response offers real-time threat detection for private wireless networks, while OneLayer Bridge™ extends protection to utility endpoints [4][5] - The joint offering employs a zero-trust security model, incorporating capabilities such as asset discovery, micro-segmentation, and anomaly detection to reduce attack surfaces [5][11] Group 3: Market Context and Implications - The rise in private network-connected devices presents both opportunities for seamless interaction and challenges related to emerging security vulnerabilities, with 81% of cyber claims linked to external threats [3] - Nokia has a proven track record in delivering reliable mission-critical network solutions to various utility sectors, enhancing trust in their offerings [8][10]

Core Insights - Nokia and OneLayer are collaborating to enhance secure private 5G/LTE adoption for utility companies, focusing on modernizing grids with improved security and operational efficiency [2][6][7] Company Collaboration - The partnership combines Nokia's secure mission-critical private networks with OneLayer's OT asset management, aiming to provide deeper device visibility and stronger security across private cellular networks [2][5] - This collaboration is seen as a significant milestone in the relationship between Nokia and OneLayer, emphasizing their commitment to empowering utility companies [6] Security Enhancements - The increase in private network-connected devices presents both opportunities for seamless interaction and challenges related to emerging security vulnerabilities, with 81% of cyber claims in the last four years linked to external system manipulations [3] - Nokia's NetGuard Endpoint Detection and Response offers real-time threat detection for private wireless networks, while OneLayer's Bridge™ extends security to utility endpoints and field assets [4][5] Technological Capabilities - The joint offering promotes a zero-trust security approach, featuring advanced capabilities such as asset discovery, micro-segmentation, geofencing, and anomaly detection, which collectively reduce attack surfaces and enhance incident response [5] - Nokia has a proven track record in delivering reliable mission-critical network solutions to various utility sectors, including large U.S. Investor-Owned Utilities and municipal utilities [8]

Industry Overview - Cybersecurity has transitioned from a back-office concern to a boardroom priority due to the increasing frequency and sophistication of cyberattacks, with global cybercrime costs projected to rise from $9.22 trillion in 2024 to $15.63 trillion by 2029 [1] - The global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, reflecting a compound annual growth rate (CAGR) of 14.3% [2] - The growth in the cybersecurity market is driven by increasing enterprise IT complexity, rising regulatory scrutiny, and the need for real-time protection of data, identities, and infrastructure [2] Technological Advancements - Artificial intelligence (AI) is revolutionizing the cybersecurity landscape, enabling more efficient detection, prevention, and response to cyber threats [3] - AI can analyze large volumes of data, detect anomalies, and identify potential breaches in real time, providing a proactive approach to security [3] Company Highlights - Companies like Fortinet, Zscaler, Okta, and Qualys are heavily investing in AI-driven security solutions to enhance their capabilities and position themselves for long-term growth in the expanding cybersecurity market [4] - Okta specializes in identity and access management (IAM) and is ramping up its AI capabilities to address the complexities of digital identities [6] - Qualys focuses on vulnerability management and cloud security, integrating advanced AI models into its platforms for faster detection and remediation of security threats [10][11] - Fortinet offers a comprehensive suite of cybersecurity solutions, differentiating itself with high-performance security at lower costs, and has integrated AI-driven analytics into its services [13][14][15] - Zscaler is a pioneer in zero-trust security, enhancing its platform with AI-powered security analytics to improve threat detection and response [16][17][18] Financial Performance - Okta reported 19,650 customers at the end of fiscal Q4 2025, with a 7% year-over-year increase in customers with over $100,000 in Annual Contract Value (ACV) [8] - Qualys' AI-powered platform is expected to drive customer adoption and revenue growth, positioning it well in the market [12] - Fortinet has consistently delivered profitability and strong free cash flow, reflecting its growing market share and demand for AI-enhanced security solutions [15] - Zscaler has maintained robust financial performance with expanding revenues driven by demand for its AI-enhanced offerings [18]