Frost Radar™: Global ICS Cybersecurity Companies to Action, 2020
Published on: 16-Apr-2020 | SKU: IA01562-GL-MR_23899

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In the age of rising digitalization and Industry 4.0 initiatives, the quest to maintain the highest security possible is ongoing. The global ICS cybersecurity market is witnessing steady growth, with companies focused on enhancing the security and resilience of critical industrial assets.

Industrial companies seek to secure and optimize their Operational Technology (OT) networks (such as Industrial control systems (ICS) and in particular, supervisory control and data acquisition (SCADA) systems) that are used throughout their critical infrastructures. However due to the inherently insecure nature of the OT networks (insecure ICS protocols, weak authentication), due to the rise of the Industrial Internet (where OT networks have become increasingly connected), and due to vendor remote access by contractors for maintenance activities these automation systems have become increasingly vulnerable and are therefore increasingly at risk of targeted cybersecurity threats and attacks. Any malicious presence on the OT network or security threat/high-risk changes made to OT networks represents high-level risk involving loss of lives and critical services, destruction of property, and downtime of an entire plant.

There are not only security challenges but also operational challenges. There is no common view or visibility of assets across an entire OT network environment and traditional IT security monitoring products do not provide the required visibility. Part of the challenge stems from the fact that without a complete active inventory of assets on the network, there is no way for companies to constantly monitor the behavior of these assets.

Therefore the need for ICS cybersecurity has evolved tremendously over the last two years with the increasing number of novel attacks on critical infrastructure. Industrial companies seek the most advanced cybersecurity technology to safeguard their critical infrastructure and this calls for real-time threat monitoring or constant monitoring of ICS network traffic.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

The companies we have included in this radar are: AppliedRisk, Bayshore, Claroty, CyberX, Cyberbit, Darktrace, Dragos, Forescout, Fortinet, Indegy, Nozomi Networks, PAS, Radiflow, Sentryo, and Waterfall Security.

Strategic Imperative

Growth Environment

Frost Radar™

Frost Radar™

NOZOMI NETWORKS

DRAGOS

PAS

BAYSHORE NETWORKS

CYBERX

CLAROTY

INDEGY

FORESCOUT TECHNOLOGIES

WATERFALL SECURITY

FORTINET

SENTRYO

RADIFLOW

DARKTRACE

APPLIED RISK

CYBERBIT

Strategic Insights

SIGNIFICANCE OF BEING ON THE FROST Radar™

FROST Radar™ EMPOWERS THE CEO’S GROWTH TEAM

FROST Radar™ EMPOWERS INVESTORS

FROST Radar™ EMPOWERS CUSTOMERS

FROST Radar™ EMPOWERS THE BOARD OF DIRECTORS

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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  • Growth Opportunities
  • Best Practices
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Impacting your company's future growth potential.

In the age of rising digitalization and Industry 4.0 initiatives, the quest to maintain the highest security possible is ongoing. The global ICS cybersecurity market is witnessing steady growth, with companies focused on enhancing the security and resilience of critical industrial assets. Industrial companies seek to secure and optimize their Operational Technology (OT) networks (such as Industrial control systems (ICS) and in particular, supervisory control and data acquisition (SCADA) systems) that are used throughout their critical infrastructures. However due to the inherently insecure nature of the OT networks (insecure ICS protocols, weak authentication), due to the rise of the Industrial Internet (where OT networks have become increasingly connected), and due to vendor remote access by contractors for maintenance activities these automation systems have become increasingly vulnerable and are therefore increasingly at risk of targeted cybersecurity threats and attacks. Any malicious presence on the OT network or security threat/high-risk changes made to OT networks represents high-level risk involving loss of lives and critical services, destruction of property, and downtime of an entire plant. There are not only security challenges but also operational challenges. There is no common view or visibility of assets across an entire OT network environment and traditional IT security monitoring products do not provide the required visibility. Part of the challenge stems from the fact that without a complete active inventory of assets on the network, there is no way for companies to constantly monitor the behavior of these assets. Therefore the need for ICS cybersecurity has evolved tremendously over the last two years with the increasing number of novel attacks on critical infrastructure. Industrial companies seek the most advanced cybersecurity technology to safeguard their critical infrastructure and this calls for real-time threat monitoring or constant monitoring of ICS network traffic. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. The companies we have included in this radar are: AppliedRisk, Bayshore, Claroty, CyberX, Cyberbit, Darktrace, Dragos, Forescout, Fortinet, Indegy, Nozomi Networks, PAS, Radiflow, Sentryo, and Waterfall Security.
More Information
New Title Global Industrial Control Systems (ICS) Security Market - Growth Opportunities, Analysis, Forecast, Global,2020
New Subtitle Benchmarking Future Growth Potential , global network of cyber security , ics cyber security , cybersecurity industry
Deliverable Type Frost Radar
No Index No
Podcast No
Author Sankara Narayanan Venkataramani
Industries Industrial Automation
WIP Number K428-01-00-00-00
Is Prebook No
GPS Codes 9593,9420

Frost Radar™: Global ICS Cybersecurity Companies to Action, 2020

Industrial AutomationGlobal Industrial Control Systems (ICS) Security Market - Growth Opportunities, Analysis, Forecast, Global,2020

Benchmarking Future Growth Potential , global network of cyber security , ics cyber security , cybersecurity industry

RELEASE DATE
16-Apr-2020
REGION
Global
Deliverable Type
Frost Radar
Research Code: K428-01-00-00-00
SKU: IA01562-GL-MR_23899
AvailableYesPDF Download
$4,950.00
In stock
SKU
IA01562-GL-MR_23899