Monday 29 June 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Industrial Cyber Security Market: Airbus Group NV, Cisco Systems Inc., Honeywell International Inc., Lockheed Martin Corp. and Schneider Electric SE
Other Prominent Vendors in the market are: IBM, Innominate Security Technologies, Kaspersky Lab, Rockwell Automation, Siemens, Wurldtech and Yokogawa
Commenting on the report, an analyst said: “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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.