Industrial/OT Cybersecurity Management Solutions

This report extends the analysis in the ARC Advisory Group Industrial/OT Cybersecurity Products and Services Market Analysis Report with more granular information about the industrial/OT cybersecurity management solutions market.  This includes market size and growth forecasts for industrial/OT cybersecurity management solutions across different global regions, industrial sectors, and product categories.  The report also identifies and positions key suppliers across various market segments.  

Industrial/OT Cybersecurity Requires Maintenance and Rapid Response to Threats

Industrial/OT cybersecurity management solutions include a broad range of products for vulnerability management, threat management, and secure remote access. This is a distinct segment of the overall cybersecurity management solutions market, distinguished by the unique features of industrial automation equipment and the need to respect stringent constraints on system updates and network communications.  

Industrial/OT cybersecurity management solutions have emerged to address the special requirements of industrial plants.  These solutions incorporate conventional IT cybersecurity management capabilities with constraints that limit impact on critical control system operation.  

ARC’s research across a wide spectrum of industrial companies shows that many industrial companies have implemented cybersecurity technologies to protect their facilities, but still struggle to maintain these cybersecurity investments and deal with security alerts.  Key reasons include lack of resources and lack of cybersecurity expertise.  Industrial/OT cybersecurity management solutions help companies address these issues by reducing security maintenance workload and extending staff cybersecurity capabilities.    

While cybersecurity is generally viewed as an IT issue, most industrial companies rely upon plant engineers to perform security maintenance tasks.  Industrial/OT cybersecurity management solutions support the unique needs of people with little cybersecurity expertise.   At the same time, plants leverage corporate and third-party cybersecurity experts to deal with more complex cybersecurity issues.  To enable effective support, industrial/OT cybersecurity management solutions integrate with popular IT cybersecurity solutions and support secure remote access that allows defenders to safely execute forensic investigations and remediation actions.  

The market for industrial/OT cybersecurity management solutions experienced strong growth in recent years.  COVID-19 disrupted this situation.  Many industrial companies postponed the capital projects that fuel sales of industrial/OT cybersecurity management solutions. 

ARC research indicates that the industrial/OT cybersecurity management solutions market will contract significantly in 2020.  However, the-post COVID-19 environment will offer good growth opportunities for those suppliers that understand the challenges and significant changes occurring in this market.  This report provides the insight suppliers need to navigate this dynamic landscape.     

Industrial/OT Cybersecurity Market Strategic Issues

COVID-19 may have lessened urgency about industrial/OT cybersecurity, but the need to secure facilities will re-emerge as a critical issue.  The safety, environmental, and financial risks of a cyber compromise are simply too large to ignore.  Operational changes will also create new security challenges that must be addressed. 

Following are some of the major factors that will determine how this renewed interest in cybersecurity translates into growth for the post COVID-19 industrial/OT cybersecurity management solutions market.

Ransomware Concerns Demand Security Hygiene and Rapid Response to Threats

Ransomware and sophisticated attacks have become a major concern for industrial companies.  Reports of attackers exploiting new, remote worker connections have added urgency to the issue.  This creates strong demand for vulnerability management and secure remote access solutions that will persist into the post COVID-19 era. 

Digital Transformation Increases Security Risks

Digital transformation initiatives create new cyber risks with cloud connections, expanded use of new sensors, and increases in mobile devices.  These efforts have continued and even accelerated in some industries during the COVID-19 pandemic.  Other industries are using digital trans-formation to address recovery challenges and alleviate future dependence on on-site workers.  Vulnerability management and threat management are key enablers for secure deployment of these efforts.    

Users Want More than Cyber Risk Reduction

While industrial companies are concerned about cybersecurity, this is rarely enough to justify investments in industrial/OT cybersecurity management solutions.  End users expect these solutions to help them address a variety of other issues like inaccurate asset inventories, poor change management, governance, and compliance with regulations and standards. 

Industrial/OT Cybersecurity Spans Many Product Markets

The Industrial/OT Cybersecurity market spans several different technology and service categories.  COVID-19’s impact on these categories vary and change the growth opportunities for specific products and services.   The top level Industrial/OT Cybersecurity Products and Services report discusses the impact of COVID-19 on the total industrial/OT cybersecurity market.  Other reports in this series extend the analysis to the next level with granular information on specific products and services.  These extended reports also include information on the competitive landscape and key suppliers.  Following are all the reports in ARC’s coverage of the industrial/OT cybersecurity market analysis:

• Industrial/OT Cybersecurity Products and Services (Total Market Report)
• Industrial/OT Network Security Solutions
• Industrial/OT Endpoint Protection Solutions
• Industrial/OT Cybersecurity Management Solutions
• Industrial/OT Anomaly and Breach Detection Solutions
• Industrial/OT Cybersecurity Services