Industrial Cybersecurity Management Solutions

This report provides 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 Cybersecurity Requires Maintenance and Rapid Response to Threats

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 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 often 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 have to integrate with popular IT cybersecurity solutions that defenders need to safely execute forensic investigations and remediation actions.  

The market for industrial/OT cybersecurity management solutions experienced strong growth in recent years.  Increased awareness of cyber risks, governmental actions, and more comprehensive regulations accelerated investments in basic cybersecurity defenses.  Sophisticated attacks and ransomware drove demand for more advanced cybersecurity products and services.  

ARC research shows good growth opportunities for 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 Cybersecurity Market Strategic Issues

Safety, environmental, and financial risks will continue to drive the need for food cybersecurity management solutions in industrial/OT cybersecurity programs.  The risks of compromises are simply too large for industrial companies to ignore. Operational changes are also creating new security challenges that must be addressed.  

Following are some other factors that will impact growth in the industrial/OT cybersecurity endpoint protection 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 threat management solutions. 

Digital Transformation Increases Security Risks

Digital transformation and connected worker initiatives create new cyber risks with cloud connections, expanded use of new sensors, and increases in mobile devices. These efforts continued and even accelerated in some industries during the pandemic. Other industries are using digital transformation to alleviate future dependence on on-site workers. Industrial/OT cybersecurity management solutions are essential investments for enabling 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 also 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 Cybersecurity Spans Many Product Markets

The Industrial Cybersecurity market spans several different technology and service categories.  Following are all the reports in ARC’s coverage of the industrial/OT cybersecurity market:

• Industrial Network Security Solutions
• Industrial Endpoint Protection Solutions
• Industrial Cybersecurity Management Solutions
• Industrial Secure Connectivity Solutions
• Industrial Cybersecurity Services