Oct 26, 2020 12:07 PM ET
iCrowd Newswire – Oct 26, 2020
With widespread outbreaks of virus, ransomware, and other malicious software throughout the internet, different alternative methods for securing corporate networks are used. One of these methods is data diode, also known as “unidirectional network.” The data diodes are foolproof ways to safeguard confidential data and sensitive systems. The data diodes are small hardware devices that sit between two networks, i.e., source and destination, one-way communication. The data diode is a cybersecurity solution that protects unidirectional information exchange. The high assurance hardware device keeps network integrity by preventing malicious threats and maintaining network confidentiality by preventing most security-sensitive information.
In terms of revenue, the global unidirectional network market was valued at US$ 306.7million in 2019 and is projected to reach US$ 807.4 million by 2027; it is expected to grow at a CAGR of 13.2% during the forecast period from 2020 to 2027.
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Impact of COVID-19 Pandemic on Unidirectional Network Market
The COVID-19 virus outbreak has been affecting every business globally since December 2019. The tremendous spread of the virus has urged governments across the globe to impose strict restrictions on the movement of humans and vehicles. The lockdown imposition has resulted in lesser production of goods and commodities. The unidirectional network market players also experienced a slowdown in the volumes attributing to the fact that the semiconductor production units were operating with a limited workforce. This has had a negative impact on the market. The oil & gas, defense, aerospace, and manufacturing industries as well as critical infrastructure sector have been adversely affected due to COVID-19, and since the start of 2020, these industries have been reflecting declining trend. Though the complete impact of COVID-19 is still unidentified, the impact across the mentioned industries and their value chain would probably be far-reaching—and strongly affecting the deployment of unidirectional network
Diverse Application Areas of Data Diodes
The data diodes help maintain physical & electrical separation of both destination and source networks while establishing a non-routable and closed one-way data transfer scenario between the networks. The data diodes can efficiently remove external entry points to a sending system to prevent intruder’s malicious activities related to infiltrating a network. Power generation plants, gas pipelines, airports, and critical infrastructure are some of the applications of data diodes. Smart cars are another application of data diodes. Hospitals operate on digital technologies that can be manipulated. To counter such cybercrimes owing to increase in IoT based services and technologies, the adoption of data diodes in critical investment to ensure proper security will influence the market growth.
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2020, Garland Technology LLC signed Hantac Technology Ltd as channel partner to expand in Taiwan
- In 2020, Waterfall Security Solutions Ltd partnered with Nozomi Networks Inc. to offer advance network security solution to building automation and manufacturing facilities, and critical industrial infrastructures worldwide
- In 2019, Advenica AB partnered with Nixu. The partnership would enable Nixu to provide solution for Advenica AB in Northern Europe.
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