Cybersecurity in Foodservice - Thematic Research

Cybersecurity in Foodservice - Thematic Research

Summary

This report provides an overview of the cybersecurity value chain, case studies showing the use and need for cybersecurity in foodservice, market size and growth forecasts, specialist cybersecurity vendors for the foodservice sector, and analysis of the foodservice companies leading in cybersecurity adoption.

Maintaining the security of information technology (IT) systems is a constant struggle for organizations of all types. Cyberattacks are frequent and increasingly complex, perpetrated by those furthering a geopolitical cause or attackers intent on making money. No one-not even security providers themselves-is safe from attack. Companies ignoring any aspect cybersecurity will risk facing significant financial and reputational damage. The digitalization of the foodservice sector, accelerated by the COVID-19 pandemic increases the security risk exposure for companies. Owning an increased array of managed assets including infrastructure, applications, cloud services, data, and endpoints such as point of sale (POS) devices, serves to increase the number of points in which hackers could enter or extract data.

Scope

• Global cybersecurity revenues in foodservice will grow from $1.2 billion in 2020 to $2.1 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%.
• Tightening cybersecurity legislation for companies handling consumer data and growing supply chain threats from the ransomware as a service (RaaS) industry, will drive strong growth.
• Zero-trust adoption, extended detection and response (XDR) models, and increasing cybersecurity budgets will be necessary to counter the evolving cybersecurity landscape.

• Position yourself for success by understanding the importance of cybersecurity for your company and how major challenges for the foodservice sector will accelerate the need for improved security of both informational technology (IT) and operational technology (OT) systems.
• Source the leading and specialist vendors for cybersecurity for the foodservice industry. Discover what each vendor offers, and who some of their existing clients are.
• Quickly identify attractive investment targets in the foodservice industry by understanding which companies are most likely to be winners in the future based on our thematic scorecard.
• Gain a competitive advantage in the foodservice industry over your competitors by understanding the future trends of cybersecurity and how to be proactive in preventing future attacks which can harm your company both reputationally and financially.