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Suppliers of industrial cybersecurity services experienced significant challenges during the COVID-19 pandemic. Travel constraints limited their ability to perform site assessments, implementations, and on-site managed services. Loss of urgency about cybersecurity issues, other than secure remote access, postponed sales of more advanced cybersecurity services. Uncertainty about COVID-19 recoveries is sustaining malaise in the industrial/OT cybersecurity services market.
Frustrated managers want to know how the new normal will impact demand for services in different regions and vertical industries. They also want to understand how recoveries will alter the industrial/OT cybersecurity landscape and opportunities related to digital transformation and IT/OT cybersecurity convergence. The Industrial/OT Cybersecurity Services Market Analysis Report provides the information needed to answer these questions.
COVID-19 may have lessened urgency about industrial/OT cybersecurity, but the need to keep facilities secure 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 factors that will determine how these developments will create opportunities for industrial/OT cybersecurity services providers.
Strong growth in this market before the COVID-19 pandemic shows that industrial organizations are dedicated to filling critical cybersecurity resource gaps. However, suppliers can expect shifts in the market opportunities, reflecting capital constraints and changes in attitudes regarding remote access, digital transformation, and IT/OT cybersecurity convergence.
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 will increase demand for services that support vulnerability management and rapid response to cyber intrusions.
Digital transformation initiatives create new cyber risks with cloud connections, expanded use of new sensors, and increased use of mobile devices. These efforts 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. This will increase the need for people with broad knowledge of security in IoT devices, cloud and edge controllers.
Convergence of IT and OT cybersecurity strategies is expanding the role of IT leaders in OT cybersecurity decisions and accelerating efforts to rationalize service support strategies. Sales efforts focused on plant and corporate engineering staffs will no longer suffice. To survive, industrial/OT cybersecurity service providers will need to develop strong relationships with corporate IT leaders and leading IT cybersecurity solution providers.
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:
This market study may be purchased as a concise, executive-level Market Analysis Report (PDF). Studies and formats available are listed below:
MIRA Workbook | Market Analysis PDF | |
Worldwide | No | Yes |
Table of contents for this study is shown in the following paragraphs.
The research identifies the leading suppliers serving this market.
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