The recent spate of cyberattacks such as Petya or WannaCry virus have affected systems across various industries. In order to protect themselves against such attacks, industries are adopting industrial cyber security to increase their armor against online threats.
Browse full research report @
The advent of Industrial Internet of Things (IIoT) has allowed automation of machines via industrial control systems (ICS). Control of ICS by hackers can lead to a shutdown or cause unwanted harm to workers. Gateways, routers, and Ethernet switches are devices used in ensuring online safety of industries. Major end users include transportation, oil and gas, power grids, and manufacturing. Operational technologies used in maintaining ICS include Supervisory Control and Data Acquisition (SCADA), programmable logic controllers (PLCs), and distributed control systems (DCS).
Taking up Security Measures
The oil and gas (O&G) sector is one of the most vulnerable targets amid high adoption of automated systems. Development of oil well and extraction systems poses a risk of online threats. Companies in the sector currently possess risk management strategies that can cause a downfall in operations. Use of intrusion detection and anti-virus software solutions for industrial endpoints can safeguard overall security. For instance, Cisco Systems provides O&G companies with solutions that safeguard legacy and novel systems.
The power generation sector has also been susceptible to cyberattacks. Recently, ABB launched software solutions aimed at protecting DCS. The programs can identify incoming threats as well as update systems with integral patches.
Market Overview
The worldwide industrial cyber security market is anticipated to gain significant earnings by 2022, according to a report on Radiant Insights, Inc. Factors encouraging market growth over the forecast period are rising incidence of cyberattacks, rise in adoption of industrial connected systems, and soaring interest of governments in raising cyber security standards across industries. Lack of security professionals and incomplete training to handle cyberattacks can impede future market growth.
Key market players include Maverick Technologies; Symantec Corporation; Honeywell International Inc.; and Siemens AG. These players are relying on acquisitions to increase their global reach.
Taking up Security Measures
The oil and gas (O&G) sector is one of the most vulnerable targets amid high adoption of automated systems. Development of oil well and extraction systems poses a risk of online threats. Companies in the sector currently possess risk management strategies that can cause a downfall in operations. Use of intrusion detection and anti-virus software solutions for industrial endpoints can safeguard overall security. For instance, Cisco Systems provides O&G companies with solutions that safeguard legacy and novel systems.
The power generation sector has also been susceptible to cyberattacks. Recently, ABB launched software solutions aimed at protecting DCS. The programs can identify incoming threats as well as update systems with integral patches.
Market Overview
The worldwide industrial cyber security market is anticipated to gain significant earnings by 2022, according to a report on Radiant Insights, Inc. Factors encouraging market growth over the forecast period are rising incidence of cyberattacks, rise in adoption of industrial connected systems, and soaring interest of governments in raising cyber security standards across industries. Lack of security professionals and incomplete training to handle cyberattacks can impede future market growth.
Key market players include Maverick Technologies; Symantec Corporation; Honeywell International Inc.; and Siemens AG. These players are relying on acquisitions to increase their global reach.
To get free sample request at :
No comments:
Post a Comment