According to the new research report published by Premium Market Insights, titled "Data Diode Security Products Market was valued at US$ 339.0 million in 2019 and is projected to reach US$ 430.5 million by 2027; it is expected to grow at a CAGR of 4.6% from 2020 to 2027.
At present, the business environment across all the technologically potential countries has become progressively digital, making an easy entry for cyber-attacks. Thus, the security and safety of physical assets, such as premises and hardware from physical threats, is essential. By overlooking, cyber threats can lead to severe damages to businesses and users. The critical infrastructure of any organization needs various security products in order to ensure physical protection. Numerous systems that drive critical infrastructure runs on outdated hardware or software systems. To prevent increasing threats, the infrastructures should shift from traditional security measures to advanced solutions. Critical infrastructures across several premises incorporate data diode security products, as it offers high protection for critical systems. Moreover, with data diodes security products, legacy systems can be protected without maintaining the whole operational system. Therefore, this significant advantage of this product is compelling the global market growth.
Several machines used in a variety of industries with different functions and extensive communication capabilities can be prone to misconfiguration and vulnerabilities; therefore, the significance of data diodes is surging among businesses to provide additional security measures. For instance, Siemens AG, a German-based multinational and also a prominent player in transport infrastructure solutions, is highly focused on investing in R&D of security products. Thus, the company builds a compact and effective data diode, which delivers wide range of controlled monitoring and connectivity for security-relevant networks. Its Data Capture Unit (DCU), a one-way data gateway, offers high security and delivers controlled access to the critical system.
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Businesses across all the regions are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. Due to business lockdowns, travel bans, and supply chain disruptions, all the regions are anticipated to experience economic slowdown in 2020 and most likely in 2021.
The entire globe has implemented drastic measures and travel restrictions to limit the spread of COVID-19 among the population. Several countries such as the US, China, and the UK represent a major market for data diode security products adoption and growth owing to the rising government regulations to protect critical infrastructure from cyber-attacks. However, due to COVID-19, the manufacturing of various electronics components has seen a sharp decline in these countries and is expected to be under stress in 2020 and it will require time to stabilize. Additionally, the disruptions in raw materials and electronic component supply from China will further aggravate the manufacturing industries. All these factors are expected to have a direct impact on data diode security products market growth.
Overall size of the data diode security productsmarkethas been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the data diode security productsmarketwith respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts and key opinion leaders specializing in the data diode security productsmarket. Advenica AB, BAE SYSTEMS PLC, Belden Incorporated (Grass Valley), Deep Secure Ltd, Fibersystem AB, FORCEPOINT, Fox-IT, Owl Cyber Defense, Rohde & Schwarz GmbH & Co., and VADO Security Technologies Ltd.are among the key market players profiled during this market study.
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