Technology

Frost & Sullivans latest analysis, The Future of Privacy and Cybersecurity, Forecast to 2030, finds that by 2030, there will be a complicated international network of 200 billion devices, with over 20 connected devices per human. As the Internet of Things landscape is predicted to gradually enlarge beyond the traditional network in use today, there will be an increase in the complexity of privacy and cybersecurity challenges. Consequently, the market will experience deeper synergies among data protection, security, privacy, and public good as more global frameworks are developed to govern the internet.

For more details on this analysis, please visit: http://frost.ly/42g

"Artificial Intelligence (AI) will emerge as the new frontier of privacy and cybersecurity as organizations discover new possibilities and train a potential staff to find out critical threats, respond faster to breaches, and learn from them, stated Vinay Venkatesan, Visionary Innovation Research Consultant. "In addition to AI, data de-identification, advanced authentication and encryption, biometrics, Blockchain, automation, and quantum computing additionally will have the ability to radically change privacy and cybersecurity."

Venkatesan added: "There will be more than 26 smart cities by 2025, most of them in North America and Europe. Additionally, boundaries between work and home continue to blur, as were experiencing proper now. This means every connected device in a smart home, organization or city will be a potential access point to our most sensitive and personal data, making mass non-consensual data collection viable and cybersecurity all the more vital."

Analyzing for Middle East, Saurabh Verma, Head, ICT Practice, Middle East, says, "Future cyberattacks will be more and more focused to disrupt fundamental national infrastructure. UAE, Saudi Arabia, and different regional countries have witnessed a sharp increase in the frequency of cyberattack tries on their national essential assets over the years. Additionally, the convergence between IT and OT has added extra complexities in managing IT security. To mitigate this, Governments will have to continue to make investments in IT security appliances and applications to control national assets as public good whereby costs and advantages are shared by all residents to secure national assets."

For further income opportunities, cybersecurity providers should:

Invest in/partner with startups providing technological improvements (Blockchain, AI) at the core.
Adopt an enterprise-wide cyber defense strategy rather than a devoted cybersecurity unit.
Invest in a creative, cyber-human body of workers with the flexibility to deal with the evolving nature of threats.
Allocate devoted budgets for post-breach response solutions and recovery mechanisms.
Consider integrating solutions providing end-to-end safety constructed into the system rather than bolt-on security features.

The Future of Privacy and Cybersecurity, Forecast to 2030 is part of Frost & Sullivans international Visionary Innovation Growth Partnership Service program.

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