The Future of Global Cybersecurity in the Manufacturing Industry
In 2018, the global cybersecurity market was already estimated to be worth an impressive £91.21 billion, with projections for the year 2024 pegged at £205.59 billion. The application of the Internet of Things (IoT), bring your own device (BYOD), machine learning and artificial intelligence (AI) in business has brought a whole new level of hyperconnectivity between industries, their employees and customers. This high degree of connectivity, however convenient and useful to both manufacturers and customers, comes at a great cost as it opens up systems to outside tampering. Coupled with increasingly sophisticated cyber threats and attacks, these innovations will continue to fuel the importance of cybersecurity in all business domains, including manufacturing, and this cannot be ignored.
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