Cyber Attackers will have Weaponized OT Environments to Kill Humans by 2025
By 2025, cyber attackers will have weaponized operational technology (OT) environments to successfully harm or kill humans, according to Gartner.
Attacks on OT – hardware and software that monitors or controls equipment, assets and processes – have become more common. They have also evolved from immediate process disruption such as shutting down a plant, to compromising the integrity of industrial environments with intent to create physical harm.
Gartner predicts that the financial impact of cyber-physical systems (CPS) attacks resulting in fatal casualties will reach over $50 billion by 2023. Gartner also predicts that most CEOs will be personally liable for such incidents.
Indian SaaS Companies to Clock $13-15 Billion in Revenues by 2025
Indian Software-as-a-Service (SaaS) companies have the potential to grow their revenue six fold to $13-15 billion by 2025, according to a joint report by Nasscom, Sassbhoomi and Zinnov.
The report revealed that India’s SaaS revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 percent and 75 percent of it came from global sales. The report estimates that by 2025, the global addressable market for SaaS will be around $400 billion.
The Indian SaaS industry today has more than 1,000 companies, with over 150 companies generating an annual recurring revenue greater than $1 million, it added. Chennai has emerged as the ‘SaaS capital’ of the nation, generating more than $1 billion in revenue.
Warehouse Leasing to Touch 100 million sq ft over Next 3 Years
Warehouse leasing is expected to touch 100 million sq ft by 2023 from its historic peak on 32 million sq ft in 2019, according to the recent finding from a study by CBRE South Asia, a leading real estate consulting firm.
Against the backdrop of robust growth of manufacturing, e-commerce and third-party logistics (3PL) sectors, the report highlights how Industrial and Warehousing (I&W) activity has gained momentum over the past few years in India.
According to the report, 3PL players accounted for more than 40 percent of the total warehouse leasing in the post-GST period (2018-20), followed by occupiers from the e-commerce (21 percent) and engineering and manufacturing (11 percent) sectors. Occupiers across these sectors have started to increasingly prefer large-sized spaces to consolidate operations, especially post the implementation of the GST. Backed by increasing online retail demand amidst the pandemic, e-commerce and 3PL players are further expected to lead warehouse leasing over the next few years, the report added.
