Search results for: 'Operational Technology Cybersecurity, 2023 report'

Cybersecurity attacks increased tremendously in 2020 and 2021, primarily in the frequency and sophistication of attacks. Apart from the growing concerns about signature-less ransomware and ransomware-as-a-service, attackers also use artificial intelligence and machine learning to scale up attacks. To this end, many governments acknowledge the serio...

26 Oct 2021  |  Global  |  Frost Radar

Frost Radar™: Industrial Cybersecurity, 2021

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

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The need for industrial cybersecurity is the result of 2 significant trends: increasing connectivity of all assets and digital transformation initiatives. Information technology (IT) and operational technology (OT) convergence is good but it has its risks because of substandard security frameworks. Connectivity exposes organizations and infrastruct...

The industrial cybersecurity market has been experiencing rapid growth and gaining widespread significance in recent years. High penetration of Industrial Internet of Things technology in critical infrastructure industries (e.g., power utilities and oil & gas) and the manufacturing industry has resulted in increased threat attack surfaces. Cyberatt...

In the age of rising digitalization and Industry 4.0 initiatives, the quest to maintain the highest security possible is ongoing. The global ICS cybersecurity market is witnessing steady growth, with companies focused on enhancing the security and resilience of critical industrial assets. Industrial companies seek to secure and optimize their Oper...

Increasing use of blockchain technology will go together with growing advances in the construction and mining industry, especially through digitisation and automation. Key trends such as digital transformation, the rise in automation, modern equipment systems, and proliferation of financial technology (fintech) are influencing equipment models and ...

The condition monitoring equipment market will undergo a significant transformation over the next 5 or 7 years due to the advent of new technologies, changing requirements for connectivity and analytics features, other equipment specifications. The condition monitoring market generated $1.92 billion in 2018. Although the revenue trajectory varies ...

04 Apr 2022  |  Global  |  Market Research

Predictions and Growth Opportunities for the Global Internet of Things (IoT) Market, 2022–2023

Companies Resuming Investments and Adopting New Technologies Enable Quick Market Recovery from the Pandemic’s Aftereffects

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The COVID-19 pandemic significantly impacted enterprises’ IoT strategies. As digital transformation came to the forefront, priorities and demand for IoT solutions accelerated. To measure the impact, Frost & Sullivan updated its IoT market forecast for 2022 to 2023 based on conversations with market participants and results of end-user surveys from ...

With 41.76 billion active IoT connected devices expected in 2023, IoT providers must be prepared to address growing demands across new verticals. Collaboration with ecosystem partners will be crucial as businesses enter a challenging and hectic digital phase. This study presents Frost & Sullivan’s predictions for the IoT industry in 2023. These ...

Flight operations are one of the highest cost centers for an airline. In a growing global aviation market, airlines need to continuously optimize their flight operations and asset utilization to attain enhanced revenues and deliver sustainable operations. Optimizing flight operations can also lower operational expenses and minimize harmful environm...