Dec 19, 2018   SOURCE: BusinessWire

Navigant Research Report Finds Cybersecurity Will Define Market-Leading Intelligent Building Solutions

A new report from Navigant Research examines the cybersecurity landscape for intelligent buildings and the implications of increased Internet of Things (IoT) connectivity.

While smart buildings are centered around the ideas of connectivity and interactivity, new interfaces are dramatically increasing access points, providing gateways to sensitive data, and creating new vulnerabilities for building automation systems. Further, the proliferation of IoT-enabled devices and third-party entities has widened the surface area for attack, compounding the security issue by making threat detection less straightforward and more difficult to remedy. Click to tweet: According to a new report from @NavigantRSRCH, this nascent IoT cybersecurity market is expected to show steady growth as the demand for strong security solutions continues to increase.

“Cybersecurity issues are expected to grow in tandem with the digital transformation of real estate through intelligent building technologies,” says Casey Talon, research director with Navigant Research. “The information/operational technology (IT/OT) convergence is a necessity for successful deployment and the use of intelligent building solutions, but in many customer organizations, these business units act in isolation. This creates gaps in human capital skill sets, resulting in infrastructure and processes that can be vulnerable to cybersecurity breaches.”

Navigant Research recommends intelligent building stakeholders take a proactive approach to cybersecurity threats by determining vulnerabilities and attack vectors and educating the enterprise. Stakeholders should take a layered approach to cybersecurity, in addition to building a cyber threat alliance and continuing to strengthen their line of defense.

The report, Cybersecurity Will Define Market Leaders in the Intelligent Buildings Market, examines the cybersecurity landscape for intelligent buildings and the implications of increased IoT connectivity. It analyzes several best practices and strategies that managers and vendors are taking to secure intelligent building systems. The report also provides a list of recommendations for stakeholders to integrate into their cybersecurity frameworks as they continue to build resilience against threat vectors. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Cybersecurity Will Define Market Leaders in the Intelligent Buildings Market, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.