Analysis published today by London based business intelligence provider indicates that the aviation cyber security market will reach a value of $1.73bn in 2014, due to increased spending on software and hardware updates, IT security employment and training designed to minimise the threat posed from cyber attacks.
The threat towards aviation has long been identified as a priority concern by national governments the world over. Yet it is only more recently that measures introduced to reduce these threats have included a cyber dimension to them. Considering that cyberspace provides a relatively low-cost, risk-free haven for a broad range of disruptive and intelligence gathering operations, it is reasonable to conclude that that we can expect that the threat from illegal cyber related activities will continue. Growing demand for air travel will put further pressures on critical network infrastructure ensuring that there will be substantial investment and allocation of resources towards adopting and maintaining the safety and security of such systems.
The author of the Aviation Cyber Security Market Forecast 2014-2024: Airports, Airlines & Air Traffic Management (ATM) commented that “more than ever, the need to ensure that safe and secure IT systems are developed and well maintained is such an important factor in running any business in the aviation industry that substantial investment in cyber security is and will be essential”.
The 133 page report contains 108 tables, charts and graphs that add visual analysis in order to explain developing trends within the aviation cyber security market. The report provides forecasts for the period 2014-2024 in terms of value (US$) for the global aviation cyber security market. The report also segments the forecasts by Airports, Airlines and Air Traffic Management (ATM). In addition, 6 regional markets are forecast and analysed over the period 2014-2024. The report also features 2 exclusive interviews with cyber security market leaders, EMC Corporation and Symantec. Furthermore, the report also provides profiles of 11 leading companies operating within the market.
The Aviation Cyber Security Market Forecast 2014-2024: Airports, Airlines & Air Traffic Management (ATM) report will be of value to current and future potential investors as well as companies and research centres who wish to broaden their knowledge of the market for cyber security in aviation.
Source: ASDReports - Market Research
Date: Mar 10, 2014