Research and Markets: Global Industrial Cyber Security Market Report 2015 – Forecasts to 2019

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/bmkfph/global_industrial) has announced the addition of the “Global Industrial Cyber Security Market 2015-2019” report to their offering.

The global industrial cyber security market to grow at a CAGR of 14.17% over the period 2014-2019.

Cyber threats are internet-based attempts that disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. The major attacks seen in the utilities and manufacturing plants include phishing, watering hole, Stuxnet malware, DoS, and brute-force. Cyber security solutions help organizations detect, monitor, report, and counter cyber threats and maintain the confidentiality of IT systems. They maintain the integrity and confidentiality of IT systems, SCADA, and industrial control systems of organizations. Companies are increasingly adopting cyber security solutions to protect critical data or any digital asset stored in a computer or any digital memory device.

Increased adoption of smart grids is one of the major trends upcoming in the market. Smart grids comprise computers and automation systems working in tandem with electrical grids. Smart grids are highly reliable and efficient, and contribute to the economic and environmental health of a country.

According to the report, the rise in cyber-attacks such as DDoS, keylogger, adware, and crimeware in the manufacturing and power sectors is one of the major factors leading to the adoption of industrial cyber security. Increased adoption of smart grids has enabled two-way communications between the companies and their customers.

Further, the report states that the high cost of deploying industrial cyber security solution is a major deterrent for the market. The total cost of ownership of industrial cyber security solutions includes the cost of licensing, system design and customization, implementation, and training and maintenance.

The market size is calculated based on:

• Revenue generated from the sales of industrial cyber security software, services, and hardware
• Revenue generated from the Americas, EMEA, and APAC

It covers the utility sector (energy, nuclear power, oil and gas, and water) and manufacturing plants, where industrial cyber security is gaining prominence to strengthen and maintain secure functioning of assets, networks, and systems.

Key Vendors

• Airbus Group
• Cisco Systems
• Honeywell International
• Lockheed Martin
• Schneider Electric

Other Prominent Vendors

• IBM
• Innominate Security Technologies
• Juniper Networks
• Kaspersky Lab
• Rockwell Automation
• Siemens AG
• Tofino Security
• Yokogawa

For more information visit http://www.researchandmarkets.com/research/bmkfph/global_industrial

View source version on businesswire.com: http://www.businesswire.com/news/home/20150715006095/en/

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