SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 238

HIGH PRIORITY MARKET
Siemens Ltd
Mac Machine Tools & Automation
130 , Pandurang Budhkar Marg , Worli ,
34 / 9 , Srinivasa Complex , 2nd Floor , 6th Main ,
Mumbai 400 018 ; T : + 91-22-39677000 ,
Narasimhalu Layout , near NSC Bose Circle ,
W : siemens . co . in
Bengaluru - 560096
T : + 91-80-42602100-118
Larsen & Toubro Ltd
E : sales @ macindia . in ; W : macindia . in
L & T House , Ballard Estate , P . O . Box : 278 ,
Mumbai 400 001 ; T : 1800 2094545
B & R Industrial Automation Pvt Ltd
E : infodesk @ larsentoubro . com
8 , Tara Heights , Mumbai - Pune Road ,
W : larsentoubro . com
Wakdewadi , Pune-411003 ;
T : 020-41478999 ; W : br-automation . com
Yantra Automation Pvt Ltd
E : office . in @ br-automation . com
A Rexel Group Company , Office No . 101 , 102 ,
103 , Plot No . 84 , Survey No . 40 , Ambedkar Road ,
OMRON Automation Pvt Ltd
Sangamwadi , Pune - 411001 ;
Unit No . 401-402 , 3rd Floor , Prestige Atrium ,
T : + 91-202-6053200
No . 1 , Central Street , Civil Station ,
E : sales . indore @ rexel . co . in ; W : rexel . co . in
Bangalore 560001 ; T : 080-67096400
E : kamanoj @ ap . omron . com ; W : omron . com / ecb
exhibiting significant growth due to growing demand from automotive hubs across the country . Further , the Make in India initiative is also expected to play an important role in boosting the adoption of factory automation solutions in the country . With major investments expected in the manufacturing sector in India in the upcoming years , the demand for factory automation solutions in the country is also anticipated to rise over the next five years .”, said Mr . Karan Chechi , Research Director with TechSci Research , a global management consulting firm .

Worldwide IoT Security Spending to Reach $ 348 Million in

2016

By 2020 , More Than 25 Percent of Identified Attacks in Enterprises Will Involve IoT
Worldwide spending on Internet of Things ( IoT ) security will
The market for IoT security products is currently small but it is
reach $ 348 million in 2016 , a 23.7 percent increase from 2015
growing as both consumers and businesses start using
spending of $ 281.5 million . Spending on IoT security is
connected devices in ever greater numbers . 6.4 billion
expected to reach $ 547 million in 2018 ( see Table ). Although
connected things will be in use worldwide in 2016 , up 30
overall spending will initially be moderate , IoT security market
percent from 2015 , and will reach 11.4 billion by 2018 .
spending will increase at a faster rate after 2020 , as improved
However , considerable variation exists among different
skills , organizational change and more scalable service options
industry sectors as a result of different levels of prioritization
improve execution .
and security awareness .
2014 231.86
Source : Gartner ( April 2016 )
Table : Worldwide IoT Security Spending Forecast ( Millions of Dollars ) 2015 281.54
2016 348.32
2017 433.95
2018 547.20
The market for IoT security products is dependent on IoT
The effort of securing IoT is expected to focus more and more
adoption by the consumer and industry sectors . Endpoint
on the management , analytics and provisioning of devices and
spending will be dominated by connected cars , as well as
their data . IoT business scenarios will require a delivery
other complex machines and vehicles , such as heavy trucks ,
mechanism that can also grow and keep pace with
commercial aircraft , and farming and construction equipment .
requirements in monitoring , detection , access control and
By 2020 , more than 25 percent of identified attacks in
other security needs . The future of cloud-based security
enterprises will involve IoT , although IoT will account for less
services is in part linked with the future of the IoT . In fact , the
than 10 percent of IT security budgets . Security vendors will be
IoT ' s fundamental strength in scale and presence will not be
challenged to provide usable IoT security features because of
fully realized without cloud-based security services to deliver
the limited assigned budgets for IoT and the decentralized
an acceptable level of operation for many organizations in a
approach to early IoT implementations in organizations .
cost-effective manner . By 2020 over half of all IoT
Vendors will focus too much on spotting vulnerabilities and
implementations will use some form of cloud-based security
exploits , rather than segmentation and other long-term means
service .
that better protect IoT .
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