Market Research Report
Cybersecurity Will Define Market Leaders in the Intelligent Buildings Market
|Published by||Navigant Research||Product code||741343|
|Published||Content info||13 Pages
Delivery time: 1-2 business days
|Cybersecurity Will Define Market Leaders in the Intelligent Buildings Market|
|Published: November 5, 2018||Content info: 13 Pages||
Intelligent buildings are vulnerable to cybersecurity attacks. The information/operational technology (IT/OT) convergence has led to gaps in human capital skill sets, resulting in infrastructure that is subject to cybersecurity breaches. This issue is exacerbated by trends in big data and the Internet of Things (IoT), which increase the vulnerabilities of a potentially weak IT architecture. Yet, data hacks and security breaches threaten more than just valuable digital assets. Cyber attacks also put physical infrastructure, tenant safety, and the bottom lines of businesses at risk.
Smart buildings are centered around the ideas of connectivity and interactivity. These ideas require human-machine interfaces to share information more broadly with the building staff, which now includes not just IT members, but also building engineers, facility managers, and even the C-suite. The new interfaces dramatically increase access points, provide a gateway to sensitive data, and create new vulnerabilities for the building automation system. Meanwhile, the proliferation of IoT-enabled devices and third-party entities has widened the surface area for attack, further compounding the security issue by making threat detection less straightforward and more difficult to remedy. Security issues are expected to grow in tandem with the flurry of IoT as part of the digital transformation within real estate. Navigant Research expects this nascent IoT cybersecurity market to show steady growth as the demand for strong security solutions continues to increase.
This Navigant Research report examines the cybersecurity landscape for intelligent buildings and the implications of increased IoT connectivity. It analyzes several best practices and strategies that managers and vendors are taking to secure intelligent building systems. The report also provides a list of recommendations for stakeholders to integrate into their cybersecurity frameworks as they continue to build resilience against threat vectors.