Critical Protection : Exploring the growing market for Operational Technology (OT) Security

In the past two decades, the digitization of business and daily life has led to the emergence of several new players in the cybersecurity market. Industries have been going through a similar phase of digitization, which has blurred the lines between IT and operational technology (OT) as OT has been brought online. The resulting “cyber-physical” systems have created many vulnerabilities and risks that are difficult to identify in these highly complex environments. In response, a new generation of specialized security players that natively support converged IT/OT environments is now emerging to fend off the threats faced by industrial players.

All the planets in the OT cyber security market – regulatory, market awareness, availability of new solutions – appear to have now aligned for it to reach its potential. Stakeholders are faced with two key issues in the coming five years: first, adopting new OT security solutions that offer strong capabilities in asset identification, network visibility and continuous risk monitoring; and second, dealing with the talent shortage plaguing cybersecurity – and even more so OT security – due to the specific skillset it requires. This will drive up demand for managed OT security services and also for solutions that have strong automation capabilities

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