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Australian ICS Security Market Analysis, 2016

Growing Demand for Cyber Security Insurance and IoT Applications will Drive Investments

LONDON, Jan. 12, 2017 /PRNewswire/ --

Research Scope
Market Trends
Market Drivers and Restraints
Solutions and Technologies
Vertical Analysis
Vendor Analysis

In the recent years, there have been notable targeted attacks on industrial control systems and systems of critical infrastructure by attacks/malwares with code names such as Stuxnet, Aurora, Flame, and Havex. These were discovered by various security vendors' threat research and intelligence centres. The drive of Internet of Things (IoT) has driven several industries such as smart manufacturing to adopt and embrace the advantages of connecting to the Internet, thereby unknowingly exposing themselves and becoming more vulnerable to the threats.

Australia has come under several ICS attacks in recent times. Several security events recorded in recent years involving systems of national interest, including both critical infrastructure and government systems, indicate that Australia is increasingly the target of cyber attacks. As a result, Australian businesses are making strong investments towards ICS security. The uptake of ICS security has been driven by factors such as increased attacks on critical infrastructure globally, investments in cyber security insurance, and investments in IoT applications. As we move forward, industry-specific regulations and mandates around ICS security will further drive the uptake of ICS security solutions in Australia. However, factors such as air gap strategy, security skills shortage and technology sprawl, lack of mandates, and preference for availability over integrity will be the major barriers to the growth of this market.

The ICS security market is flooded with vendors from various backgrounds. The competitive landscape includes ICT vendors, industrial automation vendors, and security vendors with an industrial security offering. Additionally, the market will witness service providers offering managed security services through partnerships with various security vendors.

The base year of the study is 2015, with forecasts up to 2021.

Strategies, growth analysis, and competitive landscape are discussed for ICT security and industrial security vendors such as ABB, Check Point, Cisco, Fortinet, Honeywell, Kaspersky, McAfee, Palo Alto Networks, Rockwell Automation, Schneider Electric, Siemens, Symantec, Waterfall Security, Wurdltech, and Yokogawa.


Key Questions This Study Will Answer
How is the existing threat landscape for Industrial Control Systems in Australia?
Are the existing competitors structured correctly to meet customer needs?
What are the trends in the Industrial Control Systems security market?
Who are the major ICS security vendors in Australia?
Are there unique features in the security technologies used for Industrial Control Systems?
Is the ICS security solution market growing? How long will it continue to grow, and at what rate?
Download the full report: https://www.reportbuyer.com/product/4547409/

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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/australian-ics-security-market-analysis-2016-300390460.html

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