Urgency in Cyber Security Adoption is the Need of the Hour
The Frost & Sullivan research service on the global critical national infrastructure (CNI) cyber security market provides a forecast of 6 key CNI segments—law enforcement, oil and gas, power generation, banking and finance, airports, and governments—based on a detailed analysis of base data, company budgets, contracts, and spending patterns. It also gives a region-wise break up of market sizes in these key segments.
The quest for efficiency—police force modernisation, addition of renewable energy-based power plants, upgrade of legacy systems in old power plants, modernisation in the oil and gas sector based on a “connected oilfields” model, dedicated government network security programmes, and smart city programmes—involves increased IT-enabled modernisation which provides extensive market opportunity for CNI-specific cyber security. The research service identifies how segments differ in technology adoption and cyber security policy mandates. It is also aimed at quantifying the diversity in cyber security spending across key CNI sectors and tracing how spending will change across segments between 2015 and 2024 due to the impact of technology, policy, and other factors. The study can help companies prioritise the segments and regions to focus on and direct their expansion strategies. High-growth markets, emerging trends, technologies, and their cyber security implications are presented by Frost & Sullivan’s analysts in this study.
Key Questions This Study Will Answer
- What is the size of the cyber security market across critical national infrastructure?
- What are the expected growth rates of the CNI cyber security market?
- Which segments are the best prepared to deal with the cyber challenge?
- Which solutions do each segment require?
- Which segments should the industry target? What kind of strategy should the market participants adopt and why?