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

Intelligent building stakeholders should take a proactive approach
to cybersecurity threats by determining vulnerabilities and educating
the enterprise

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/BuildingSystems?src=hash” target=”_blank”gt;#BuildingSystemslt;/agt;–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.

Contacts

Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com