….In its conclusions of 22 March, the European Council expressed its support for the European Commission recommending a concerted approach to the security of 5G networks. The European Parliament’s Resolution on security threats connected with the rising Chinese technological presence in the
In addition, the cybersecurity of 5G networks is key for ensuring the strategic autonomy of the Union, as underlined in the Joint Communication “EU-China, a Strategic Outlook”. That is why it is essential and urgent to review and strengthen existing security rules in this area to ensure that they reflect the strategic importance of 5G networks, as well as the evolution of the threats, including the growing number and sophistication of cyber-attacks. 5G is a key asset for Europe to compete in the global market. Worldwide 5G revenues should reach the equivalent of €225 billion in 2025. Another source indicates that the benefits of the introduction of 5G across four key industrial sectors, namely automotive, health, transport and energy, may reach €114 billion per year.