Recent Report: the Physical and Cyber Security Markets will be worth $37.35 Billion by 2019

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Cyber Security, Critical Infrastructure
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According to a recent report called 'BFSI Security Market'* the Physical and Cyber Security Markets will be worth $37.35 Billion by 2019. The report divides the market into two segments ‘Physical Security’ that is systems and services (Video Surveillance, Access Control, Intrusion Detection, PSIM), and ‘Cyber Security’ information security solutions and services (IAM, Encryption, DLP, IDS/IPS, UTM, SVM/SIEM, Antivirus/Antimalware) but crucially keeps them together in one report.

 

Not only does the report highlight the value of the market going forward but by treating the market in a holistic way recognises the importance of convergence between the two areas that have historically been treated as two entirely separate functions. Once upon a time the security of our critical infrastructure was in the domain of the facilities manager. Now there is a growing recognition that most of our critical infrastructure physical or otherwise is information driven.

 

President Barack Obama's Executive Order last year on Improving Critical Infrastructure Cybersecurity and his Presidential Policy Directive on Critical Infrastructure Security and Resilience was a very public acknowledgment that physical and cyber security are inextricably linked. The directive states, "U.S. efforts shall address the security and resilience of critical infrastructure in an integrated, holistic manner to reflect this infrastructure's interconnectedness and interdependency."

 

Aim CIPRE Expo

Critical Infrastructure Protection and Resilience Europe also divides the market into these two segments: Physical and Cyber Security. The event - which will take place in The Hague on 4th-5th March 2015 and is supported by HSD - will see a top quality programme of discussion with leading industry speakers of both segments. The aim of the unique format of CIPRE, is to drive the debate and help set the agenda CIP and CIIP convergence in the coming years.

 

For further details and the programme visit www.cipre-expo.com

 

* The report is called BFSI Security Market by Physical Security, & by Cyber Security – Worldwide Forecasts & Analysis (2014 - 2019)