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Increasing Sophistication of Attacks and Evolving Threat Landscape Powering Global Industrial Cybersecurity, Outlook 2022
Increasing Sophistication of Attacks and Evolving Threat Landscape Powering Global Industrial Cybersecurity, Outlook 2022
Building Cyber Resilience, Strategic Partnerships, and Trust Ecosystem Create New Growth Opportunities
18-Jan-2022
Global
Description
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 serious threat of industrial cybersecurity attacks and propose effective defense policies. However, a shortage of OT security expertise remains a critical issue that needs to be addressed. From an industry standpoint, critical infrastructures are no longer the only targets. Apolitical and financially motivated attacks are now common across all industries, increasingly prompting industry participants to strengthen their awareness in building an effective OT security posture. In addition to critical infrastructures (e.g., power) and the oil and gas sector, industries such as manufacturing, transportation, and logistics also present growth opportunities. While the power sector is ahead in cybermaturity and typically has a higher budget, sectors such as water are challenged with lower budget and resource shortages. North America, Europe, and the Middle East are the key regions in the industrial cybersecurity market, whereas Asia-Pacific countries such as Australia and New Zealand are now investing in industrial cybersecurity and implementing new regulations. The industrial cybersecurity market is pivoting toward convergence and creating an ecosystem of trust. Partnerships among companies from different backgrounds are common and will continue to increase. Offering comprehensive IT-OT security capabilities is important. Therefore, niche OT cybersecurity firms and companies providing standalone, point solutions will become acquisition targets. Robust acquisition activity in the market is also expected to continue. OT security vendors will play a larger role in preparing industrial organizations to deal with never-before-seen attacks and attack vectors.
Author: Sankara Narayanan Venkataramani
Table of Contents
Global Industrial Cybersecurity Outlook Highlights
Impact of COVID-19 on the Global Industrial Cybersecurity Market
Global Industrial Cybersecurity Outlook
Top Predictions for 2022 and Beyond
High Priority Areas
Issues to Consider
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Industrial Cybersecurity
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Market Segmentation
Revenue Forecast Trend
Revenue Trends Discussion
Top Predictions for 2022 and Beyond
Prediction 1: Industrial Cybersecurity will Emphasize Resiliency
Prediction 1: Industrial Cybersecurity will Emphasize Resiliency (continued)
Prediction 2: More Companies from Different Backgrounds will Form Strategic Partnerships to Deliver Fully Integrated and Joint Solutions
Prediction 2: More Companies from Different Backgrounds will Form Strategic Partnerships to Deliver Fully Integrated and Joint Solutions (continued)
Industrial Cybersecurity: Best Practice Versus Good Enough Solutions
Prediction 3: Niche OT Cybersecurity Firms and Companies Offering Point Solutions will be the Main Targets of Continued Merger and Acquisition Activity in Industrial Cybersecurity
Prediction 3: Niche OT Cybersecurity Firms and Companies Offering Point Solutions will be the Main Targets of Continued Merger and Acquisition Activity in Industrial Cybersecurity (continued)
Prediction 4: More Companies will Move Toward AI and ML as Key Differentiators in Detecting Advanced and Unknown Threats
Prediction 4: More Companies will Move Toward AI and ML as Key Differentiators in Detecting Advanced and Unknown Threats (continued)
Prediction 5: Successful OT Alert Management to Reduce the Risk of False Positives will be Critical Amid the Rising Threats and Vulnerabilities
Prediction 5: Successful OT Alert Management to Reduce the Risk of False Positives will be Critical Amid the Rising Threats and Vulnerabilities (continued)
Prediction 6: Managed Security Services will See Higher Growth than Professional Services, and MSSPs will Become Stronger and More Active
Prediction 6: Managed Security Services will See Higher Growth than Professional Services, and MSSPs will Become Stronger and More Active (continued)
Prediction 7: Continued Remote Access to OT will Increase the Responsibility of All Stakeholders to Advance their Cybermaturity
2020 Snapshot
Revenue Forecast by End-user Segment
Percent Revenue by Region
Segment Forecast Discussion
Segment Forecast Discussion (continued)
Segment Forecast Discussion (continued)
Companies to Watch
2022 Predictions: North America
2022 Predictions: Latin America
2022 Predictions: Europe
2022 Predictions: Middle East and Africa
2022 Predictions: Asia-Pacific
Growth Opportunity 1: Active Querying to Discover Dormant Devices and Achieve Complete Coverage of OT Environments will be Essential
Growth Opportunity 1: Active Querying to Discover Dormant Devices and Achieve Complete Coverage of OT Environments Will be Essential (continued)
Growth Opportunity 2: Inorganic Growth through Acquisitions is a Preferred Growth Strategy
Growth Opportunity 2: Inorganic Growth through Acquisitions is a Preferred Growth Strategy (continued)
Growth Opportunity 3: Using AI to Fill Gaps in OT Security and Add Value to Existing Security Solutions
Growth Opportunity 3: Using AI to Fill Gaps in OT Security and Add Value to Existing Security Solutions (continued)
Conclusion and Future Outlook
Abbreviations and Acronyms
List of Exhibits
Legal Disclaimer
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Sankara Narayanan Venkataramani |
| Industries | Industrial Automation |
| WIP Number | K615-01-00-00-00 |
| Keyword 1 | Cybersecurity Market |
| Keyword 2 | Industrial Cybersecurity |
| Keyword 3 | IT-OT security |
| Is Prebook | No |
| GPS Codes | 95,939,420 |