OPERATIONAL TECHNOLOGY SECURITY MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Transition to IoT and Cloud Adoption

There is a major ongoing transition happening in OT where legacy systems are being upgraded to connect with modern smart technologies and integrated cloud platforms. The adoption of industrial internet of things (IIoT) solutions and other advancements like AI often comes with connecting previously air-gapped equipment to new networks. This brings the promise of data-driven optimization and remote management capabilities. However, it also expands the attack surface and introduces new security complexities for asset owners as IT and OT converge. As more industrial assets and processes become software-defined, there is a clear need to ensure these modernized systems have security baked into their design. This significant technology transition opens up an expanded market for OT security offerings that facilitate secure connectivity, identity and access management, anomaly detection, and forensic analysis in hybrid cloud and IIoT environments. Leading security providers are aligning their product roadmaps to address the security challenges of industrial modernization initiatives involving cloud platforms and smart networked devices.

For instance, in May 2022, UST, a prominent provider of digital transformation solutions, disclosed an original equipment manufacturer (OEM) agreement with SAP. This agreement enables UST to incorporate SAP Business Technology Platform (SAP BTP) into its Cogniphi AI Vision platform, rebranded as UST Sentry Vision AI. This service utilizes advanced video analytics to integrate predictive, contextual, and analytical functionalities into retail and manufacturing operations. Offered as a SaaS-based packaged solution, it seamlessly integrates with SAP S/4HANA and RISE with SAP.