Publication Month: Oct 2020 | Report Code: TIPRE00015139 | No. of Pages: 153 | Category: Electronics and Semiconductor | Status: Published
A rapid digital revolution across the world with high penetration of digital technologies, countries are possessing growth potential and zest for digital innovation to become a prominent digital economy. For this purpose, the companies across the region are undergoing digital transformation. The Internet of Things (IoT) has been implemented in all industries; at present, every buildings and machine, roads and railways, products and processes carry sensors and exchange data. Industrial and machinery plants are connected to the internet, owing to its captivating benefits such as continuous monitoring of operating and sensor data. The industrial plants that transmit data through the internet might be vulnerable. Thus, to prevent plants from vulnerability, the systems must be protected from any forms of unauthorized access.
Data diode security products help mitigate the risks of networking highly critical systems, monitor network connections, and enable one-way data transfer. With data diodes, machinery, plant, and IT systems can transmit data through the internet without risking their integrity.
In the past few years, oil & gas facilities in the Middle East region were hit by severe Windows-based malware cyber-attack, called the Shamoon virus. This malware was designed to seek paths across networks destructively. This biggest hack in the history allows oil & gas businesses to procure numerous hard drives for the corrupted machines. Besides, the firms disconnected all of their operational systems from external connections to limit the damage. Later the industry was enlightened by the concept of data diode that helps them safely restore business activities. Hence, at present, data diodes in the Middle East region are highly installed in the oil & gas industry. Various other sectors, such as petrochemical operations, water facilities, power generation sites, and government agencies, deploy data diode security products for the safety of their infrastructure. Thus, the rising deployment of data diode security products in various industrial applications drives the global Data Diode Security Products market
Businesses across all the regions are facing severe economic difficulties as they either had to suspend their operations or reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, all the regions are anticipated to experience economic slowdown in 2020 and most likely in 2021.
Various countries worldwide have implemented drastic measures and travel restrictions to limit the spread of COVID-19 among the population. Several countries such as the US, China, and the UK represent a major market for data diode security products adoption and growth owing to the rising government regulations to protect critical infrastructure from cyber-attacks. However, due to COVID-19, the manufacturing of various electronics components has seen a sharp decline in these countries and is expected to be under stress in 2020 and it will require time to stabilize. In addition to this, the disruptions in raw materials and electronic component supply from China will further aggravate the manufacturing industries. All these factors are expected to have a direct impact on data diode security products market growth.
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With the growing technological advancements in the electronics and semiconductor industry, components are getting compact and more robust, which leads to high-performance in systems. Several industries are demanding for light weight and compact components to increase efficiency and reduce material costs. Development in nanotechnologies is captivating growing investments from industries and governments across the world, which provides opportunities to explore the advanced nanodevices. The rising trend of miniaturization in the electronics and semiconductor industry has forced the sizes of the components to diminish. Several original equipment manufacturers (OEMs) are using miniaturized electronic components to enhance their existing products' competitiveness and deliver advanced products. The demand for compact and light weight data diode, capable of supporting high-security environments, is surging in various industries. The miniature data diode technology offers OEM system and device designers with cyber security technology and secures small devices from external cyber threats, therefore enabling a secured communication of data. In automotive application, miniaturized data diode can be integrated to allow performance data to be shared and analyzed and generate the barrier between external connections and the automobile control systems. Additionally, it is used in the IT system to protect confidential digital documents in a hard drive; thus, preventing unauthorized access. Therefore, such factors are anticipated to drive the demand for miniaturized data diodes among the masses and could potentially open the door for several miniature cyber security solutions, thus contributing to market growth during the forecast period.
Based on type, the data diode security products market is segmented into non-ruggedized data diode and ruggedized data diode.The government organizations with highly critical assets are often active in environments, which deal with dirt, dust, turbulence, a drop or an increase in temperature, and other challenging circumstances. A ruggedized data diode is well suitable solution for such environments as it offers the same optimal network security as a regular data diode, in a heavy-duty edition. On the other hand, the non-ruggedized data diode is used in applications such as data centers, banks and financial institutions, commercial buildings and others.
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Based on application, the data diode security products market is segmented into BFSI, government, oil & gas, and others.Every organization is at risk of a malware or ransomware attack, systems hack, data breach, or the cybercriminal illegally accessing their network’s processing power. Yet for the high-target industries such as BFSI, government,and military, there are higher risk profile and specific kinds of threats,which businesses within these industries requirepreparing for and defending. Thus, there is a significant adoption of data diode security products by several end use industry applications.
|Market Size Value in||US$ 339.0Million in 2019|
|Market Size Value by||US$ 430.5Million by 2027|
|Growth rate||CAGR of 4.6% from 2020-2027|
|No. of Pages||153|
|No. of Tables||61|
|No. of Charts & Figures||71|
|Historical data available||Yes|
|Segments covered||Type , Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
The List of Companies - Data Diode Security Products Market