- How are utilities dealing with increases in cyber threats?
- How does OT’s response to cybercrime compare with that from IT?
- What types of cyber threats do utilities face?
- How are regulators dealing with cyberattacks on critical infrastructure?
- How are utilities and vendors in different regions dealing with the threat of cyberattacks?
1Q 2024
Energy OT Cybersecurity
Transmission Automation, Distribution Automation, Communications, and Control System Software: Global Market Analysis and Forecasts, 2024-2033
Adding connectivity to critical infrastructure has enabled utilities to implement green initiatives, improve resilience, and manage faults more easily. However, increased connectivity has also expanded the attack surface for malicious actors to steal data or wreck utilities’ equipment. As a result, operational technology (OT) organizations within utilities have had to follow their IT colleagues in implementing greater cybersecurity controls to reduce the damage from cyberattacks.
At the same time, cyberattacks against sectors like manufacturing and utilities have grown sharply in recent years and are becoming more sophisticated. Cybersecurity researchers continually discover new threat groups and vulnerabilities, and attackers constantly devise new ways to extort money or disrupt operations. For example, researchers say that in 2023, ransomware attacks totaled more than $1 billion for the first time, as threat actors launched more attacks and demanded more money per attack.
This report focuses on cybersecurity in the energy OT sector, specifically in the areas of transmission automation, distribution automation, communications, and industrial control systems. It discusses the state of play in terms of technologies and tactics to prevent and mitigate cyberattacks, and presents forecasts for energy OT cybersecurity spending in all world regions.
Pages
28
Tables | Charts | Figures
14
Key Questions Addressed
Who Needs This Report
- Utilities
- DER owners and operators
- Regulators
- Cybersecurity vendors
- Utility software vendors
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Report Scope
1.3 Global Forecast
2. Market Issues
2.1 OT Security Overview
2.2 Drivers
2.3 Barriers
2.4 Other Business Issues
3. Industry Value Chain
3.1 Competitive Landscape
3.1.1 Mergers and Acquisitions
3.1.2 Business Model Evolution
4. Market Forecasts
4.1 Forecast Methodology
4.2 Global Outlook
4.3 North America
4.4 Europe
4.5 Asia Pacific
4.6 Latin America
4.7 Middle East & Africa
5. Conclusions and Recommendations
5.1 Three Big Takeaways
5.2 Recommendations
5.2.1 Asset Owners
5.2.2 Cybersecurity Vendors
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study
10. Sources, Methodology and Notes
List of Charts and Figures
- Energy OT Cybersecurity Revenue by Region, World Markets: 2024-2033
- Energy OT Cybersecurity Revenue by Category, North America: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Europe: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Asia Pacific: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Latin America: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Middle East & Africa: 2024-2033
- Pictorial Representation of the Industry Value Chain
List of Tables
- Energy OT Cybersecurity Revenue by Region, World Markets: 2024-2033
- Energy OT Cybersecurity Revenue by Category, World Markets: 2024-2033
- Energy OT Cybersecurity Revenue by Category, North America: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Europe: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Asia Pacific: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Latin America: 2024-2033
- Energy OT Cybersecurity Revenue by Category, Middle East & Africa: 2024-2033
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