Cybersecurity in Foodservice – Thematic Research
Cybersecurity In Foodservice Market Overview
The global cybersecurity revenue in foodservice was $1.2 billion in 2020. The market is expected to grow at a CAGR of more than 11% during the forecast period. The COVID-19 pandemic forced foodservice companies to digitally transform, shifting to online delivery, remote communication with employees, and digitalizing supply chain management.
Foodservice suppliers that neglect the cybersecurity of operational technology (OT) are at risk of increasingly frequent and complex ransomware attacks, as evidenced by JBS’ ransomware attack in 2021. The growth of ransomware as a service (RaaS) will only expedite the importance of OT chip-based cybersecurity.
The Global Cybersecurity Market Overview
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What is the impact of cybersecurity in the foodservice market?
Corporate boards face increasing pressure to adopt more sustainable policies, but companies must assess their impact on society. Human rights violations come in many forms, including data breaches, as every individual has a right to privacy. Foodservice companies process and store a wealth of employee and consumer data. Breaches of security can lead to unauthorized access, use, destruction, loss, alteration, or disclosure of this personal data.
COVID-19 has increased cybersecurity risk and created new opportunities for hackers. New digital strategies implemented during the pandemic can improve the foodservice sector’s operational efficiency. However, companies that digitalize hastily and neglect to expand their cybersecurity capabilities appropriately can expect negative consequences.
Digitalization of the foodservice sector relies heavily on wireless connections and online transactions made by customers. This has increased the attack surface that hackers are presented with, the ease with which they can navigate networks of connected devices, and the wealth of data available.
Before the emergence of widespread remote working, corporate networks that held company data and applications were protected by a firewall and other security tools. However, additional cybersecurity measures have become necessary as companies increasingly adopt VPNs to provide employees remote access to the entire corporate network. Giving employees VPN access to the corporate network exposes the organization to increased threats from hackers and other unauthorized individuals. Network security solutions such as ZTNA and SASE can help address this problem.
What are the key cybersecurity value chains?
The key cybersecurity value chains can be divided into three segments: hardware, software, and services.
Hardware
With chips now being used in mission-critical servers and safety-critical applications, protecting chips from cyberattacks is becoming more critical and more expensive. Systems vendors such as Apple and Amazon are increasingly designing their chips rather than buying commercially developed devices and intellectual property (IP) created by third-party developers.
Software
The software element of the cybersecurity value chain comprises the following areas: identity management, network security, endpoint security, threat detection & response, cloud security, data security, email security, application security, unified threat management, and vulnerability management.
Services
The services element of the cybersecurity value chain comprises the following areas: managed security services, post-breach response services, and risk & compliance services. Services are typically outsourced because of the complexity of addressing cybersecurity-related issues, such as staying on top of vulnerabilities, identifying & responding to threats, and meeting compliance requirements.
Which are the leading foodservice companies deploying cybersecurity?
The leading foodservice companies deploying cybersecurity are Al Hatab Bakery, Favor Delivery, Skylark Group, Starbucks, Swiggy, and Welbilt.
Which are the specialist cybersecurity vendors in the foodservice market?
The specialist cybersecurity vendors in the foodservice market are Auvesy-MDT, Cali Group, Cardonet, Dragos, Eat IT Drink IT, NCR, Netskope, PDI Software, Preciate, Singtel, SonicWall, TitanHQ, and VikingCloud.
Market report scope
| Market size (Year – 2020) | $1.2 billion |
| CAGR | >11% |
| Forecast period | 2020 to 2025 |
| Key value chains | Hardware, Software, and Services |
| Leading foodservice companies | Al Hatab Bakery, Favor Delivery, Skylark Group, Starbucks, Swiggy, and Welbilt |
| Specialist cybersecurity vendors | Auvesy-MDT, Cali Group, Cardonet, Dragos, Eat IT Drink IT, NCR, Netskope, PDI Software, Preciate, Singtel, SonicWall, TitanHQ, and VikingCloud |
Reasons to Buy
- 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.
Key Players
Table of Contents
Frequently Asked Questions
The global cybersecurity market size was $1.2 billion in 2020.
The global cybersecurity market is expected to grow at a CAGR of more than 11% during the forecast period.
The key cybersecurity value chains can be divided into three segments: hardware, software, and services.
The leading foodservice companies deploying cybersecurity are Al Hatab Bakery, Favor Delivery, Skylark Group, Starbucks, Swiggy, and Welbilt.
The specialist cybersecurity vendors in the foodservice market are Auvesy-MDT, Cali Group, Cardonet, Dragos, Eat IT Drink IT, NCR, Netskope, PDI Software, Preciate, Singtel, SonicWall, TitanHQ, and VikingCloud.
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