Industrial Automation Frost Radar™: Industrial Cybersecurity, 2021

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

SECTOR
Automation

RELEASE DATE
26-Oct-2021
REGION
Global
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
K617-01-00-00-00
SKU
IA01628-GL-MR_25883
Yes
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Frost Radar™: Industrial Cybersecurity, 2021
Published on: 26-Oct-2021 | SKU: IA01628-GL-MR_25883

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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 infrastructure to attacks that have grown tremendously over the last few years (the most obvious and recent is the pervasiveness of ransomware).

During the early months of the COVID-19 pandemic, industrial cybersecurity vendors extended security to employees who needed access to critical infrastructure from anywhere. As employees continue to return to offices/facilities, vendors must maintain security of devices that have not been under the organization’s security umbrella for almost a year.

The Biden administration has been proactive with initiatives to upgrade inadequate systems: the US Department of Energy, for example, started a 100-day plan to improve cybersecurity in utilities’ industrial control systems to secure the energy sector. Vendors expect new regulations in other industries as well, and note that heightened awareness and government actions are dramatic changes from even 6 months ago.

Vendors at one time were either OT-centric (focused on such things as programmable logic controllers, and intelligent electronic devices) or IT-centric, but now more have adopted an Internet of Things mindset and differentiate themselves based on their ability to cover both IT and OT domains/environments.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Growth Environment (continued)

Frost Radar™: Industrial Cybersecurity Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Applied Risk

Bayshore Networks (OPSWAT)

Cisco (Sentryo)

Claroty

Darktrace Industrial

Dragos

Forescout Technologies

Fortinet

ICsec S.A.

Industrial Defender

Kaspersky

Microsoft (CyberX)

Nozomi Networks

PAS (Hexagon)

Radiflow

SCADAfence

Tenable

Tripwire

Verve Industrial

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

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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 infrastructure to attacks that have grown tremendously over the last few years (the most obvious and recent is the pervasiveness of ransomware). During the early months of the COVID-19 pandemic, industrial cybersecurity vendors extended security to employees who needed access to critical infrastructure from anywhere. As employees continue to return to offices/facilities, vendors must maintain security of devices that have not been under the organization’s security umbrella for almost a year. The Biden administration has been proactive with initiatives to upgrade inadequate systems: the US Department of Energy, for example, started a 100-day plan to improve cybersecurity in utilities’ industrial control systems to secure the energy sector. Vendors expect new regulations in other industries as well, and note that heightened awareness and government actions are dramatic changes from even 6 months ago. Vendors at one time were either OT-centric (focused on such things as programmable logic controllers, and intelligent electronic devices) or IT-centric, but now more have adopted an Internet of Things mindset and differentiate themselves based on their ability to cover both IT and OT domains/environments. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Predecessor NA
Author Sankara Narayanan Venkataramani
Industries Industrial Automation
WIP Number K617-01-00-00-00
Is Prebook No
GPS Codes 95,939,420

Frost Radar™: Industrial Cybersecurity, 2021

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
IA01628-GL-MR_25883