The global cloud security market in energy sector is expected to register a CAGR of 11.13 %, during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by major players, such as Identity and Access Management, Data Loss Prevention, IDS/IPS, Security Information and Event Management, Encryption. While the deployment types considered in the scope of the report include Public Cloud, Private Cloud, and Hybrid Cloud.
Most of the process control systems that are designed to manage critical. Cloud Security infrastructure, such as electric grids, oil pipelines, and water utilities used in the energy sector, utilize specialized hardware and proprietary protocols. While their introduction has simplified the management of facilities, they have also made process control systems vulnerable to cyberattacks. Major incidents, such as the shutdown of several Iranian nuclear centrifuges by Stuxnet malware in 2010, the Shamoon malware attacks in November 2016 and January 2017, against Gulf state organizations, have made security imperative for the energy sector. With the increased adoption of IoT and automation, coupled with the industry’s value chains increasingly relying on complex and interconnected digital assets, as well as the constant exchange of data to carry out any operation, the energy sector is exposed to the risk of cyberattacks, mainly due to the dependence on connectivity.
IoT and Cloud Security are going to be the fastest-growing sectors in the global cyber security market, with the increasing application of smart devices in industries. The formation of hacking groups that deal with ethical and large-frame hacking, causing huge losses, has created a dire need for cyber security in the market. The recent realization for the need of cyber security has led to many countries setting up government regulations and laws to establish a framework for information security. Network security and data loss prevention will be the priority for industries with a considerable amount of money being wasted in trying to recover data that is lost through these attacks. The total number of reported cybersecurity incidents has witnessed a steep increase over the past few years, leading to increased emphasis on data security and protection. According to a survey by IBM outsider attacks account for close to 44% of the total attacks, followed by malicious insiders (23%), with the latter recording a steep rise in the past few years.
The applications in the energy sector use operational technology to monitor and control the physical processes across the oil & gas sector, by means of acquiring process variable data, such as temperatures, pressures, levels, valve positions, etc., and further analyze this data, in order to automate processes. This automation is made possible by means of electric, mechanical, hydraulic, pneumatic actuators, and control valves, which are operated by industrial automation and control systems, such as SCADA, distributed control systems (DCS), programmable logic controllers (PLCs), open platform communication (OPC) servers, and field devices.
The applications that control these systems are known to be the most targeted areas, since they are used to control and automate all the operations of factories. With the adoption of Industry 4.0, coupled with the increased demand for transparency through all the operations of the industry supply chain, industrial automation and control systems have witnessed robust adoption.
Industry 4.0 witnessed an increased adoption in the energy sector in Europe, with improved methods for producing, delivering, and consuming energy. These new policies and government regulations are aimed at mitigating the threat of climate change, fluctuating energy prices, and supply concerns. For instance Germany launched a renewable-energy revolution, known as Energiewende, for solar, wind, and hydroelectric power, as well as smart grid operations. Nuclear energy is the primary source of electric energy in France. These utilities have adopted automation to enhance their processes and plant efficiency, through plant-specific modification and upgrades with latest digital technologies across their upstream, downstream, and midstream operations. Digitalization of the energy sector in Europe is at the core of all major commission initiatives, such as the Digital Single Market, the Energy Union package, and the Single Market strategy. These initiatives are aimed at ensuring appropriate cybersecurity for operators, manufacturers, and end-users
Major Players: IBM Corporation, Intel Security, Symantec Corporation, Cisco Systems, Inc., CA Technologies, Computer Science Corporation (CSC), Qualys, Inc., Nutanix, Netskope, Inc., and ProtectWise., amongst others.
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