Top

Closing the security gap will drive $125 billion critical infrastructure security spending

November 12, 2018

Critical infrastructures are radically transforming on an unprecedented scale, boosted by a rapid adoption of ‘smart’ operational technologies. Cybersecurity is a growing part of that evolution.

ABI Research forecasts security spending for the protection of critical infrastructures will hit US$125 billion globally by 2023.

Currently, defense contractors (Lockheed Martin, BAE Systems, Harris, Northrop Grumman), industrial OEMs (Honeywell, Siemens, Airbus, Rockwell, Boeing), tech leaders (IBM, Amazon, Microsoft, Verizon), and energy companies (Shell, Total, Exxon) are the big security spenders.

Read More on Help Net Security