Asian Control Systems Security Market Expected to Reach US$1.8B by 2019
Monday, December 28, 2015 | Comments

A report from Frost & Sullivan found that the Asia-Pacific market for industrial control systems (ICS) security reached revenues of US$162.9 million in 2014. The report, titled “Asia-Pacific Industrial Control Systems Security Market”, estimated that the market will reach revenues of US$1.8 billion by 2019.

“In recent years, industrial control systems used in the automation of industrial plants were increasingly connected to the Internet for its benefits. However, cyber security was not part of the original design process, which made the systems vulnerable to cyber threats,” said Charles Lim, senior industry analyst for Frost & Sullivan’s digital transformation and cybersecurity practice. “Therefore, it is vital that the industry understands the threats pertaining to operational technology and ensures that the right cybersecurity solutions are in place to address this.”

The report noted that several energy plants in the region have begun looking at complying with ICS guidelines such as the North American Reliability Corporation’s Critical Infrastructure Protection (NERC-CIP) or National Institute of Standards and Technology (NIST) in order to combat cyber threats.

Additionally, governments in the region have begun to mandate or recommend cybersecurity measures for critical infrastructure. For example, the Japanese government recently established the National Center of Incident Readiness and Strategy for Cybersecurity (NISC), which created the Capability for Engineering of Protection, Technical Operation, Analysis and Response (CEPTOAR) Council to facilitate information sharing among critical infrastructure verticals in the country.




 
 
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