The Industrial Cybersecurity Market Size was valued at USD 20.09 billion in 2021. The market is projected to grow USD 33.5 billion in 2028, at a CAGR of 7.0%. The growth of the Industrial Cybersecurity Market was driven by the high utilization of the Internet of Things (IoT) solutions in industrial control systems. The growing demand for advanced solutions such as antivirus, Intrusion Detection Systems (IDS), and firewalls, are expected to boost market demand. Cybersecurity services help industries to control as well as monitor a wide range of process outputs and inputs, across a multitude of workspaces. Moreover, the increasing implementation of emerging technologies such as Artificial Intelligence (AI), 5G networks, and Big Data, across industries, is projected to drive market growth during the forecast period.
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The "Industrial Cybersecurity Market Analysis to 2028" is a comprehensive and in-depth examination of the Industrial Cybersecurity sector with a focus on the Industrial Cybersecurity market trend. The purpose of this study is to provide a complete market segmentation by component, application, end-user, and geography, as well as a market overview for Industrial Cybersecurity. The Industrial Cybersecurity market is predicted to grow substantially during the forecast period. The study examines key industry trends and prospects, as well as key statistics on the market status of the industry's leading competitors.
COVID-19 ANALYSIS
The COVID-19 pandemic has affected the Industrial Cybersecurity Market, and caused economic disruptions across the globe, due to the temporary closure of industrial plants, factories, manufacturing facilities, and other industries. Therefore, many of the companies resorted to work from home which has resulted in increasing the use of connected devices and cloud services. Also, COVID-19 has forced business leaders to adopt cybersecurity services because these solutions and services play a vital role in secure confidential data and information. Moreover, manufacturers are also investing heavily in security systems and supply chains, which are expected to drive demand across the globe.
Key Market Player :-
Microsoft Corporation (Washington, United States)
Siemens AG (Munich, Germany)
Trend Micro, Inc. (Tokyo, Japan)
Splunk Inc. (California, United States)
Rockwell Automation, Inc. (Wisconsin, United States)
Bayshore Networks, Inc. (North Carolina, United States)
Broadcom Inc. (California, United States)
Kaspersky Lab (Moscow, Russia)
Dell Inc. (Texas, United States)
Proofpoint, Inc. (California, United States)
FireEye, Inc. (California, United States)
Symantec Corporation (NortonLifeLock Inc.) (Arizona, United States)
Palo Alto Networks (California, United States)
IBM (New York, United States)
ABB Ltd. (Switzerland)
Check Point Software Technologies Ltd. (Israel)
Schneider Electric (Rueil-Malmaison, France)
Mcafee, LLc (Intel Security) (California, United States)
Cisco Systems, Inc. (California, United States)
Honeywell International Inc. (North Carolina, United States)
LATEST TREND
Increasing Number of Integrated Industrial Cybersecurity Solutions
Large amounts of information and data are generated daily. Therefore, Industries require storage and advanced cloud services to analyze and monitor this information. The major market players are focused on integrating cloud-based cybersecurity solutions for Industrial Control Systems (ICS) and Operational Technology (OT) applications across industries. This is boosting sales and providing opportunities for the market.
The current market data introduces the Industrial Cybersecurity Industry's serious structure in order to aid players in investigating the serious structure for growth and profit. According to the highlights of this analysis, market share varies by product type, application, player, and area. Benefits estimation for all market segments and sub-sectors, as well as the consumption ratio.
Market Segmentations:
By Types:
Cloud Application Security
Network Security
End-point Security
Internet Security
By Applications:
Product
Software
Services
Key Deliverables of Global Industrial Cybersecurity Research Report are mentioned below:
Each application's remuneration analysis is covered.
During the years 2020-2026, market share per Industrial Cybersecurity application is expected to increase. The same is covered in terms of consumption.
Industrial Cybersecurity Market drivers are discussed in order to improve the commercialization matrix and therefore the business sector.
The report includes vital information on challenges, dangers, major players' SWOT analyses, and market share.
Consumption rates in the Industrial Cybersecurity Industry are covered for important regions like as North America, Europe, Asia-Pacific, Middle East and Africa, South America, and the rest of the world.
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Research Methodology of Implied For This Market:
Data about parent and peer Industrial Cybersecurity Market is gathered through primary and secondary research methods. Market size, revenue share, supply-demand scenario, and other key facts are validated by industry experts from across the value chain. In order to determine the total market size and share, a top-down and bottom-up technique is used. To acquire information on supply and demand elements, important thought leaders in the Industrial Cybersecurity market such as marketing directors, VPs, CEOs, technology directors, and R&D managers are interviewed.
Information for secondary data sources comes from investor reports, annual reports, press releases, government and company databases, certified journals, publications, and a variety of other third-party sources.
