The growing presence of mainstream M2M solutions within critical information infrastructure such as utilities, healthcare, and finance is creating a headache for service providers and critical infrastructure operators who see the benefits of added connectivity and are just waking up to the potential security threats. This problem will become a critical issue in the coming months due to the ever-growing number of cyber-attacks directed against the banking and energy companies such as HSBC, Saudi Aramco, RasGas, and Telvent.
M2M networks are vulnerable to the same threats affecting all telecommunications networks: denial of service attacks, man in the middle hacks, illegal interception, and covert surveillance. More disturbingly, new cyber warfare tactics aimed at causing the failure of critical infrastructure are a very real danger which should not be underestimated.
“As M2M continues to play a growing role within critical infrastructure, network security will become incredibly important moving forward,” says Michela Menting, senior cyber security analyst. “Security needs to be considered not just at the application level, but also at the network level, because it only takes one single weak entry point to compromise the whole infrastructure.”
Those M2M vendors building their core strengths around security will be the big winners in the long run, as the demand for encryption technologies and multi-layered security escalates. ABI Research shows that the global market for M2M network security will be worth $752 million by the end of 2017. This includes revenues for transmission security, physical security, and service level agreements.
These findings are part of ABI Research’s M2M Service Delivery Platforms, M2M Services and Modules, Mobile Security, and Cyber Security Research Services which include additional Competitive Analyses, Vendor Matrices, Market Data, and Insights.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670