Growth Opportunities Garnered from a Survey of Cybersecurity Decision-Makers
Frost & Sullivan conducted a Voice of Customer survey of 2,448 cybersecurity decision-makers and influencers in organizations with at least 250 employees in 2023 to understand their cybersecurity operations, organizational management, technology investment, threat awareness, and other factors influencing decisions for new cybersecurity investments. The respondents were from seven countries (Australia, Brazil, France, Germany, Japan, the United Kingdom, and the United States) chosen as a representation of global trends.
Specifically for the energy and utilities sector, the focus of this analysis, 146 respondents-primarily director-level or above and part of information technology or cybersecurity teams-provided insights and opinions on topics including cybersecurity budgets, program priorities, common tools and technologies, and persistent challenges.
Research Scope:
Explore energy and utilities organizations’ cybersecurity posture and operations, showcasing the current state of cybersecurity hygiene in infrastructure, policies, and processes.
Depict the size and structure of cybersecurity budgets, projecting financial insights and the distribution of the budget across technologies such as network security, endpoint security, threat intelligence, and additional security systems.
Describe cybersecurity solutions used, giving an overview of the tools and technologies employed for safeguarding the digital assets of an organization and touching upon specific solutions and their functions.
Table of Contents
Research Objectives and Methodology
Objectives
Methodology and Respondent Profile
Cybersecurity Teams in Energy and Utilities Organizations
Key Findings
Overall Influence on Cybersecurity Purchases and Upgrades
Survey Respondent Demographics
Cybersecurity Operations
Cybersecurity Resourcing
Cybersecurity Solutions Budget
Key Findings
Cybersecurity Budget
Cybersecurity Budget Year-over-Year Changes
Cybersecurity Budget Allocation in 2023
Average Cybersecurity Budget by Country
Russo-Ukrainian War's Influence on Cybersecurity Budgets
Growth Drivers and Challenges
Key Findings
Cybersecurity Strategy Drivers
Cybersecurity Strategy Challenges
Risk Awareness in Preparing for Potential Cyber Attacks
Successful Cyberattacks in the Past 12 Months
Current Cybersecurity Concerns
Previous Successful Cybersecurity Attacks
Impact of Previous Successful Cybersecurity Attacks
Organizational Risk Awareness
Tools and Technologies
Key Findings
Cybersecurity Program Priorities
Main Objectives of Cybersecurity Solutions
Application Security Solutions
Cloud Security Solutions
Data Security Solutions
Endpoint Security Solutions
Identity Security Solutions
Network Security Solutions
Security Operations Solutions
Security Services
Strategic Insights
Strategic Insights
Appendix
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