Growth Opportunities in Operational Technology Cybersecurity Solutions

Growth Opportunities in Operational Technology Cybersecurity Solutions

As the Threat Landscape Expands and Risk Profiles Increase, Protecting Critical Assets is Now Top-of-mind for Businesses

RELEASE DATE
15-Dec-2023
REGION
Global
Research Code: K971-01-00-00-00
SKU: AE_2023_457
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$4,950.00
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$4,950.00
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Description

Cybersecurity strategies have traditionally focused on IT security solutions and the protection of digital assets and systems. However, ongoing digitalization across industry verticals has allowed for many assets, devices, and systems that are critical to the operations of a business to now be connected into the same digital ecosystem. The rise in these connected operational technologies (OT), coupled with the fact that many of these systems do not act or respond as traditional IT assets do, means that many of the common IT cybersecurity solutions or strategies will be inadequate at protecting OT systems from attack. Coupling this fact with the idea that many businesses or organizations seen as critical infrastructure to society or national security run on vast, sprawling OT networks, businesses must approach any cybersecurity strategy and program with OT cybersecurity protocols as top-of-mind.

OT cybersecurity solutions are rapidly evolving to reach similar maturity levels to those of OT cybersecurity systems. This includes the addition of automated functionalities, continuous monitoring, asset visibility and detection, endpoint security principles, and the emergence of OT-specific intelligence and services. Because of the criticality associated with the businesses and organizations that utilize OT-centric networks and assets, ensuring that OT cybersecurity solutions can protect against as many threat vectors as possible will be crucial.

Critical infrastructure organizations are dependent upon uninterrupted services and operational efficiency, not just for their organization, but for society. With OT systems now viewed as vulnerable attack vectors, organizations must improve their OT cybersecurity resiliency with solutions that can protect, detect, and mitigate any potential attack or damage, all without hindering business activity.

Author: Danielle VanZandt

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Operational Technologies (OT) Cybersecurity Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Vertical Segmentation

Regional Segmentation

Key Competitors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Spending Forecast

Spending Forecast by Vertical

Spending Forecast by Region

Spending Forecast Analysis

Spending Forecast Analysis (continued)

OT Cybersecurity—Growing Sway in Geopolitics

OT Cybersecurity—The Changing Regulatory Landscape

Shifting OT Cybersecurity Strategies—OT and IoT

Shifting OT Strategies—IT Security Approaches

Competitive Environment

Competitive Environment—Next Industry Phase

Competitive Environment—Market Activity

Competitive Environment—Market Activity (continued)

Growth Metrics

Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Airports

Forecast Analysis by Region—Airports (continued)

OT Cybersecurity Key Program Needs—Airports

Growth Metrics

Spending Forecast

Sub-segment Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Utilities

Forecast Analysis by Region—Utilities (continued)

OT Cybersecurity Key Program Needs—Water Utilities

OT Cybersecurity Key Program Needs—Electric Utilities

Growth Metrics

Spending and Growth Forecast

Sub-segment Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Manufacturing

Forecast Analysis by Region—Manufacturing (continued)

OT Cybersecurity Key Program Needs—Manufacturing

Growth Metrics

Spending and Growth Forecast

Sub-segment Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Transportation and Logistics

Forecast Analysis by Region—Transportation and Logistics (continued)

OT Cybersecurity Key Program Needs—Transportation and Logistics

Growth Metrics

Spending and Growth Forecast

Sub-segment Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Industrial 

Forecast Analysis by Region—Industrial (continued)

OT Cybersecurity Key Program Needs—Industrial (Oil and Gas)

OT Cybersecurity Key Program Needs—Industrial (Mining)

Growth Metrics

Spending and Growth Forecast

Spending Forecast by Region

Forecast Analysis

Forecast Analysis by Region—Building Automation 

Forecast Analysis by Region—Building Automation (continued)

OT Cybersecurity Key Program Needs—Building Automation

Growth Opportunity 1: Implementation of Zero-trust Security Policies

Growth Opportunity 1: Implementation of Zero-trust Security Policies (continued)

Growth Opportunity 2: Secure-by-design Hardware Components

Growth Opportunity 2: Secure-by-design Hardware Components (continued)

Growth Opportunity 3: Breach and Attack Solutions for OT Systems

Growth Opportunity 3: Breach and Attack Solutions for OT Systems (continued)

Growth Opportunity 4: OT-specific Threat Detection and Mitigation Solutions

Growth Opportunity 4: OT-specific Threat Detection and Mitigation Solutions (continued)

Growth Opportunity 5: MSS for OT Systems

Growth Opportunity 5: MSS for OT Systems (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Cybersecurity strategies have traditionally focused on IT security solutions and the protection of digital assets and systems. However, ongoing digitalization across industry verticals has allowed for many assets, devices, and systems that are critical to the operations of a business to now be connected into the same digital ecosystem. The rise in these connected operational technologies (OT), coupled with the fact that many of these systems do not act or respond as traditional IT assets do, means that many of the common IT cybersecurity solutions or strategies will be inadequate at protecting OT systems from attack. Coupling this fact with the idea that many businesses or organizations seen as critical infrastructure to society or national security run on vast, sprawling OT networks, businesses must approach any cybersecurity strategy and program with OT cybersecurity protocols as top-of-mind. OT cybersecurity solutions are rapidly evolving to reach similar maturity levels to those of OT cybersecurity systems. This includes the addition of automated functionalities, continuous monitoring, asset visibility and detection, endpoint security principles, and the emergence of OT-specific intelligence and services. Because of the criticality associated with the businesses and organizations that utilize OT-centric networks and assets, ensuring that OT cybersecurity solutions can protect against as many threat vectors as possible will be crucial. Critical infrastructure organizations are dependent upon uninterrupted services and operational efficiency, not just for their organization, but for society. With OT systems now viewed as vulnerable attack vectors, organizations must improve their OT cybersecurity resiliency with solutions that can protect, detect, and mitigate any potential attack or damage, all without hindering business activity. Author: Danielle VanZandt
More Information
Author Danielle VanZandt
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Industrial Cyber Threats
Keyword 2 Operational Technology Cybersecurity Solutions
Keyword 3 Risk Management in OT Systems
Podcast No
WIP Number K971-01-00-00-00