#technology security

Italian Intelligence Watchdog Flags Small, Sneaky Foreign Takeovers In Defense

“DEFENSE NEWS” By Tom Kington “Italy’s intelligence watchdog has called for tighter, U.S.-style monitoring of corporate acquisitions after allegations that China quietly purchased an Italian military drone maker that supplied Italy’s special forces. Investigators said a 75% share in the firm was purchased in 2018 at an inflated price by a Hong Kong-based company in turn controlled by Chinese…

Technology Security Market

Market Research Future (MRFR) in its new “Operational Technology (OT) Security Market” report, reveals that the worldwide market of operational technology security that was valued at USD 200.0 million in 2018 is likely to increase to USD 3,531.0 million by 2025. MRFR insights suggest that the global operational technology security market is expected to thrive at a lucrative 42.2% across the forecast span of 2018 to 2025.

The growth of the operational technology security market can be attributed to increase cases of data breach, surge in cyber threats, convergence of IT and OT ecosystems, and increase in dependence on legacy systems. The growing rate of adoption of the industrial Internet of Things (IIoT) solutions by enterprises can contribute to the expansion of the operational technology security market across the forecast period. Worklife flexibility is highly appreciated by employees. Hence, the BYOD culture is gaining popularity. But, at the same time this is likely to increase operational risks. The surge in the adoption of OT security solutions by enterprises can prompt the expansion of the market. On the contrary, mounting complexities of systems and lack of expertise can restrict the expansion of the OT security market in the years of assessment.

Segmental Analysis

The global market of OT security market is segmented by deployment mode, industry, and component.

By component, the market is segmented into services and solutions. The solution segment is expected to secure the grand share of the global market. This is due to the dependence of enterprise on legacy systems that create scope for cyber-attacks. On the other side, the services segment is expected to expand at a higher CAGR. The solution segment is sub-segmented into OT endpoint security, OT network segmentation, incident response, anomaly detection, and reporting. The services segment is sub-segmented into managed services and professional services. The professional services segment is further narrowed down to deployment, consulting services, implementation services, and other type of support services.

By deployment, the market is segmented into hybrid, cloud, and on-premise. The on-premise segment is expected to dictate the market progress. The expansion of the on-premise segment can be attributed to seamless operation of OT security solutions. The hybrid segment is likely to gain high profit across the forecast span.

By industry, the market is segmented into power and electrical, manufacturing, transportation, mining, and others. The manufacturing segment is classified into process manufacturing and discrete manufacturing. As per MRFR’s analysis, the manufacturing segment is expected to make the highest profit for the global OT security market owing to the rise in the frequency of cyber-attacks. The power and electrical segment is likely to register the highest CAGR in the period of forecast.

Key Players

The key players in the global OT security market are Forescout Technologies Inc (US), MAVERICK Technologies, LLC (US), Rockwell Automation, Inc. (US), Schneider Electric (France), Symantec Corporation (US), Cyberbit Ltd (Israel), Palo Alto Networks, Inc. (US), Cisco Systems, Inc (US), Honeywell International Inc (US), General Electric (Wurldtech) (US), Siemens (Germany). Carbon Black, Inc (US), Kaspersky Lab (Russia), Verve Industrial Protection (US), and PAS Global, LLC (US)

Some of the vendors contributing around 40% market share by offering various solutions and/or services are IOActive Inc, AlertEnterprise, Armis, Inc., Biznet Bilisim, Red Tiger Security, LLC, SCADAfence, Fox-IT, Owl Cyber Defense, DNV GL Belden, Claroty, CyberX,Inc., DRAGOS, INC, Indegy , Deloitte Touche Tohmatsu Limited , NOZOMI NETWORKS INC , Deep Secure, DFLabs, SCADAhacker, Bayshore Networks, Lofty Perch Inc., Tenable®, Inc , Darktrace Industrial, Yokogawa Electric Corporation, PHOENIX, Endian SRL, EY, FireEye, Inc, Radiflow. LTD , Capgemini (Leidos), CENTRI, Check Point Software Technologies, Sentryo SAS, Accenture, FireMon, LLC (Lumeta), and Veracity Industrial Networks.

More Information@

Operational Technology Security Market by Share, Growth and Forecast – 2025 | MRFR

Operational Technology Security Market is likely to register a CAGR of 42.2% during the Assessment…

Read on marketresearchfuture.​com

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Terrorists Could Soon Shut Down Major Cities With A Button

Terrorists could soon bring a major city to a standstill with a click of a button, warns Robert Hannigan, director of the UK’s Government Communications Headquarters (GCHQ), the British equivalent of the NSA. Hannigan said that terrorists and rogue states are gaining the technical ability to e

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