Cyber Security in Robotics Market Scenario Highlighting Major Drivers & Trends, 2027
Global Cybersecurity in Robotics Market: Snapshot
Rapid inroads made by robotics in our daily lives have been making profound automation effect in wide range of arenas. With each passing day the capabilities of robotics have advanced from the incorporation of new sensors, control systems, and manipulators, and power supply systems. With this, unarguably, they have been exposed to new bugs and vulnerabilities, bringing new risks to humans’ safety and productivity at large. The drive for the cybersecurity in robotics market stems from the need reducing these risks.
There have been numerous application areas that routinely deal with confidential data such as in defense, space, medical surgeries, and household applications. Over the past few years, there have been several instances where each of the application areas has demonstrated rise in cybersecurity risks. This may be either due to the lack of robust cybersecurity framework or due to growing complexity of vulnerabilities that may affect smart technologies. With the advent of new software linked to sensors, processors, and actuators used for robotics, the communication protocols have also been laid bare to new cybersecurity risks. All these aspects define the growth dynamic of the cybersecurity in robotics market.
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Global Cybersecurity in Robotics Market: Growth Dynamics
Emerging paradigm of industrial internet of things (IIoT) robots has made a vast bearing on the expansion of the cybersecurity in robotics market. In industrialized nations, industry 4.0 has made rapid strides, propelling the demand for new cybersecurity tools for networked robotics. Growing inclusion of cyber-physical systems in networked robots has opened new avenues for data breaches. This is a key trend boosting the cybersecurity in robotics market.
Growing popularity of AI-enabled robots, the role of cybersecurity has grown in significance for a number of end-use industries over the past few years. Cybersecurity concerns have been particularly important for manufacturers. Over the past few years, new vulnerabilities in robot firmware and software are boosting the market. The demands in cybersecurity in robotics market have been filliped by advances in detection and response measures. Adopters of robotic automation are focusing on increasing the depth of IIoT architecture to avoid attacks. A popular approach has been to create multilayered architectures to dissuade attackers.
Advancing cybersecurity standards for automation in recent years has boosted the cybersecurity in robotics market. The International Electrotechnical Commission (IEC) and the International electrotechnical Commission (IEC) have been at the forefront. Over the past few years, roboticists and computer scientists world over have been making inter-disciplinary efforts to address privacy and security in cyber-physical systems.
Global Cybersecurity in Robotics Market: Notable Developments
New concepts are gaining ground in developing robust cybersecurity in robotics and several companies have pinned high hopes on robotics technologies in transforming the business of manufacturing with advanced automation. Although networking of robots to cloud has come with considerable risk factors, companies offering industrial automation technologies are trying to change the perceptions of end-use industries in the cybersecurity in robotics market. A few companies have decided to expand awareness of new cybersecurity measures in RoboBusiness 2019 expected to be held October this year. Companies including Siemens consider edge robotics to play a role in making more industrial robots. Several organizations in developed nations have been researching real use cases of such edge solutions in developing ecosystem.
Some of the prominent players operating in the cybersecurity in robotics market are Skyhopper, NTT Data Services, Exida, Xelium Tech Solution, NTT Data, Alias Robotics, Beyond Security, Trojan Horse Security, TUV Rheinland, Aujas Cyber security, and McAfee.
Global Cybersecurity in Robotics Market: Regional Outlook
Among the various regions, the cybersecurity in robotics market has seen substantial prospects in North America and Europe. Rising use of robotics process automation in applications in enterprises has expanded the prospects of the market. Strides made by IIoT in the U.S. and Germany have been spurring innovations in these regions. Expanding research into developing new cybersecurity tools for drone and industrial 4.0 is opening lucrative avenues in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
