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Cyber Security in Robotics Market will reach at a CAGR of 11.0% during 2019-2029


VALLEY COTTAGE, N.Y. (GLOBE NEWSWIRE) -- A new market research report
by Future Market Insights on cyber security in robotics market includes
industry analysis 2014-2018 and opportunity assessment 2019-2029. As
per the findings of the report, the cyber security in robotics market
reached a value of ~US 2.4 Bn in 2018. The report investigates and
provides critical insights on cyber security in robotics market.
Furthermore, the cyber security solution market is expected to
experience substantial growth over the upcoming years, due to various
factors, such as increasing demand for cloud security in robotics,
increasing use of machine learning and artificial intelligence for cyber
defense and increasing data protection for information security.

Insecure
communications, authentication issues, weak default configuration,
denial of service attacks, risk and vulnerabilities, and privacy issues
have raised several security concerns in robotics. In consequence, the
demand for cyber security solutions and services in robotics is
increasing to prevent robot from being hacked, monitor the
vulnerabilities, prevent the data from being tampered, and to prevent
unauthorized access.

According to the FMI report, authentication
solution is expected to create an incremental opportunity of ~US$ 1.6 Bn
for cyber security in robotics during the forecast period of 2019 to
2029. In addition, denial of service protection solution is expected to
witness high adoption rates during the forecast period, due to
overloading online services which are vulnerable to DOS attacks.
Furthermore, the world is witnessing rapid increase in information
security, human safety, data protection which, in turn, is creating
potential growth opportunities for the cyber security in robotics market
players.

Leveraging Artificial Intelligence and Machine Learning for Cyber Defense

Artificial
Intelligence and Machine Learning are being applied across major
industries and applications, including the cyber security in robotics.
These technologies are used to detect the cyber threats based on
analyzing data and identifying a threat before it exploits a
vulnerability in the information security in robotics. Moreover, Machine
Learning remains a key focus area of companies operating in the cyber
security in robotics market, as it enables the robot to predict threat
and observe behavior anomalies with more accuracy. Machine learning and
artificial intelligence are also used for detecting and tracking the
active phishing sources.

Gains Upheld by Manufacturing Industry Prioritizing Robotic Security

Security
concerns in robotics are increasing, as robots are connected to other
robots, enterprise, or to the cloud, which enables access to internal
systems and data servers. The data collected by robots is used by
manufacturers to maximize the production efficiency and improve product
quality. To ensure safe production, manufacturers are investing in cyber
security solution such as authentication solution, encryption solution,
secure communication solution, and denial of service protection
solution to protect robots from hacking and to deal with vulnerabilities
in the process. Cyber security is a top priority for manufacturers as
cyber-attacks on robots can cause them a huge loss in production.

Cloud-based Security in Robotics

The
data gathered by robots in different sectors can be stored on the cloud
and can be used in the future. This ensures productivity growth and
lower costs for enterprise. Cloud-based security is important in
robotics as it provides better tracking and monitoring system than other
security solutions. It also provides real-time firewall and signature
updates blocking harmful traffic.

This study highlights key
opportunities in the cyber security in robotics market and finds that
the market will depict growth at a value CAGR of ~11% during forecast
period.

Press Release Source: https://www.globenewswire.com/news-release/2019/10/01/1923217/0/en/Cyber-Security-in-Robotics-Market-is-expected-to-grow-at-a-CAGR-of-11-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html

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About Us

Future
Market Insights (FMI) is a leading market intelligence and consulting
firm. We deliver syndicated research reports, custom research reports
and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

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