The
global market for Industrial Cybersecurity is projected to reach US$22.9
billion by 2025, driven by increasing digital connectivity of industrial
systems and processes. Implementation of Industrial Internet of Things (IIoT), machine-to-machine
communication (M2M), Industrial Control Systems (ICS) and Cyberphysical System
(CPS) allows internet-borne cyber-threats to invade the once protected
industrial networks. Industrial digital networks are the foundation for smart
factories as they provide the additional intelligence needed for better
performance and more flexible manufacturing. Developments in industrial Ethernet
standards and protocols such as EtherCAT, EtherNet/IP, PROFINET, POWERLINK,
SERCOS III, CC-Link IE, and Modbus TCP, have made industrial networks more
robust to support industrial equipment and higher level network functions needed
for industrial networking applications. Research efforts continue to be
underway for Ethernet time-sensitive networking (TSN). As a result there is a
growing shift towards the use of Ethernet for industrial control and automation
applications. Benefits that Ethernet offers for industrial automation include
reduced latencies; higher fault tolerances without additional hardware; and
interoperability of solutions from multiple manufacturers. Ethernet is
therefore increasingly replacing proprietary communications at the plant floor
level to enable real-time automation networking. In other words, these networks
today rely heavily upon mobile Internet, i.e., telecommunication networks,
which carry a higher level of security risks. The role of 5G in industrial
automation and networking is poised to become bigger in the coming years. 5G
network infrastructures will be key supporting assets and will be the core of Industry
4.0. As myriad types and number of internet-enabled
industrial devices act as end points for accessing manufacturing data, device
and data security and safety is emerging into the spotlight. Read More…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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