Global Industrial Cybersecurity Spend to Grow to More Than US$36 Billion in 2027

Global Industrial Cybersecurity Spend to Grow to More Than US$36 Billion in 2027


To address the growing challenges of cyber and digital security, ABI Research’s new white paper presents critical and actionable cybersecurity trends and forecasts.

NEW YORK, June 2, 2022 / PRNewswire / – Global cybersecurity spending in critical industrial infrastructure sectors (eg, energy, transportation, and water and waste management) is expected to affect $ 23 billion by the end of 2022 and grow to a CAGR of 10% to reach US $ 36.67 billion in 2027. This is just one of the predictions in the white paper The state of cyber and digital security of the global technology intelligence firm ABI research.

“Businesses, industries, and indeed the whole world, have never been as connected as they are now. They’ve never been more at risk either. Organizations and verticals continue to integrate technologies like the Internet of Things (IoT) , 5G, etc. and blockchain, which means more connection points (and vulnerabilities) than ever before. challenges and solutions that cover entire technological ecosystems Michela Menting, Director of Digital Security Research at ABI Research. “ABI Research understands this challenging and complex reality, which is why our research explores the whole of cybersecurity and digital security. This white paper presents critical and actionable cybersecurity trends and forecasts for our seven cybersecurity services. cybernetic and digital research “.

Some trends presented in the White Paper include:

Citizen digital identity
Growing presence of mobile identities: Driven by the digital transformation and the growing appetite of governments to expand the offerings of digital platforms, there has been a significant adoption of mobile identities. Mobile identities, as a complement to physical documentation, once digitally provided through a dedicated application or web-based solution, improve citizen use cases and allow identification verification (ID) without unnecessary citizen data. .

Cybersecurity applications
The emergence of next-generation cryptography: Concern for secure quantum technologies is becoming a high priority as the arrival of quantum computers with attack capabilities on the horizon. Imminent release of draft quantum-resistant cryptographic algorithms (known as post-quantum cryptography (PQC)) by the US National Institute of Standards and Technology (NIST) has security and technology providers in line ready to integrate and deploy them in their product lines.

Digital payment technologies
Central banks adopt digital currency: The digitization of a country’s fiduciary currency means that the central bank of the economy in question issues electronic tokens, rather than the usual process of minting coins and printing paper notes. There is no doubt that in recent years the concept of central bank digital currency (CBDC) has been explored with great intent by many global economies.

Industrial cybersecurity
Critical infrastructures ready to adopt enabling cybersecurity solutions: Industrial operators are increasingly incorporating disruptive technologies in their migration to Industry 4.0, driving a better appreciation of cybersecurity requirements in enabling technologies with fast user switching demand, hot patches, cloud ICS, network probes and programming of secure PLC, among others.

IoT cybersecurity
Telematics data security optimization to enable intelligence-based monetization: Secure data management for automotive telematics is becoming increasingly important for vehicle manufacturers (VMs), top-tier vendors, telecommunications companies, and insurance companies. Almost every aspect of the software-defined vehicle will include ever-evolving cybersecurity technologies at the hardware, software and network level, with telematic data security as one of the basic operations.

Telco Cybersecurity
The drive for integrated cellular connectivity continues: With the hyperconnected world on the horizon, the momentum towards integrated cellular connectivity continues, served by form factors of the subscriber identity module (SIM), such as eSIM and integrated SIM (iSIM). From consumer electronics to a variety of device types, from smartphones, tablets, laptops, and portable devices to a myriad of machine-to-machine (M2M) and IoT applications.

Trusted device solutions
The impact of a remote workforce: Distributed work environments affect both workers and assets (IT, OT, and IoT). Secure connectivity and identity management have become key priorities in disparate and heterogeneous networks. All of these elements drive the demand for hardware security.

To learn more about the most critical cybersecurity trends and forecasts, download the white paper, The State of Cyber ​​and Digital Security.

About ABI Research

ABI Research is a global technology intelligence company that provides actionable research and strategic guidance to technology leaders, innovators and decision makers around the world. Our research focuses on transformative technologies that are dramatically reshaping today’s industries, economies, and workforce.

ABI Research is an international technology intelligence company that provides practical market research and strategic guidance to global technology leaders, innovators and policy makers. We pay close attention to all the innovations and technologies that are disrupting industries, the global economy and the job market.

For more information on ABI Research’s services, please contact us at +1,516,624,2,500 in the Americas, +44,203,326,0140 at Europe+65.6592.0290 in Asia-Pacificor visit www.abiresearch.com.

Conctact information:
Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]

FONT ABI Research



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