Industrial Cyber Security Market 2018 Analysis by IBM, Honeywell International, ABB ltd, Cisco Systems, Schneider Electric, Rockwell Automation, Dell, Bayshore Networks, Kaspersky labs

Industrial Cyber Security Market, By Product (Gateway, Routers and Ethernet switches), By Solutions (Antivirus, firewall, DDOS, Data loss Prevention (DLP) and SCADA), By Organization Size (Large & SME’s), By Industries (Manufacturing, Transportation, Power grid, Oil & Gas) and By Region (North America, Europe, APAC and Rest of the World)

Market Synopsis:
Industrial cybersecurity, is the protection of industrial computer systems from intrusive theft and damage to hardware, or software which may result in disruption of operations. The Industrial Cyber Security market is expected to reach approximately 24.41 USD billion by the end of 2023 with 10.97 % CAGR during the forecasted period from 2017 – 2023.

Key Players:
The key players in the industrial cyber security market are IBM Corporation (US), Bayshore Networks (US), Schneider Electric (France), Rockwell Automation (US), ABB ltd (Switzerland), Honeywell International Inc (US), Cisco Systems, Dell In, Kaspersky labs (Russia) and others.

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Market Dynamics:
Drivers
There growing number of security beaches is demonstrated by the host of examples as mentioned. Wal-Mart suffered data theft from its cash registers in 2009, while J.P. Morgan Chase suffered the largest cyber-attack in corporate history which compromised information of 76 million households. In 2014, hackers stole nude pics of Hollywood celebrities including Kate Upton, Kirsten Dunst, Jennifer Lawrence, by breaking in Apple iCloud accounts. Thus the need for cyber security is easily apprehended even by layman.

The high cost of noncompliance, increasing reliance on computer systems, growing density of intellectual property and concurrent cases of industrial espionage, growing adoption of smart devices, growing ecommerce, are other drivers of the market. The growing prosperity of data centric companies and service sector growth of the companies are the economic drivers of the market.

Restraints
Deliberate subverting of cryptography standards and interference from state apparatus and intelligence agencies, high cost of installation and maintenance are the key restraints on the market.

Segments:
To generate an accurate understanding of the Industrial Cyber Security Market the report has been segmented into product, solutions, industries, organization size and region.

Based on products, the market has been sub segmented by gateway, router, Ethernet switches, and others. Routers and Ethernet switches accounts for the largest market share of the industrial cyber security market by product segment.

Based on Solutions, the market has been sub segmented by antivirus, firewall, DDos, data loss prevention (DLP), SCADA, and others.

Based on organization size, the market has been sub segmented by large, and SME’s.

Based on industries, the market has been sub segmented by manufacturing, transportation, power grid, oil & gas, and others.

Based on Region, the market has been sub segmented by North America, Europe, Asia pacific, and Rest of the world.

Regional Analysis:
North America accounts for the largest share of the industrial cyber security market owing to large industrial base, presence of data centric companies, and large ecology base. The U.S. dominates the North American region due to the rapid uptake of technology, presence of major players, and large demand.

Europe led by Germany, France and the U.K. secured the second position. However the Asia-Pacific regions of Japan, China and India are projected to grow at the fastest CAGR owing to the service led growth of India, followed by China, growing economy, presence of skilled manpower and others.

The Middle East and Africa regions are anticipated to grow at a moderate single digit CAGR due to poor industrialization.

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List Of Tables
Table 1 Industrial Cyber Security Market, By Product
Table 2 Industrial Cyber Security Market, By Solutions
Table 3 Industrial Cyber Security Market, By Industries
Table 4 Industrial Cyber Security Market, By Region
Table 5 North America Industrial Cyber Security Market, By Product
Table 6 North America Industrial Cyber Security Market, By Solutions
Table 7 North America Industrial Cyber Security Market, By Industries
Table 8 U.S Industrial Cyber Security Market, By Product
Table 9 U.S Industrial Cyber Security Market, By Solutions
Table 10 U.S. Industrial Cyber Security Market, By Industries
Table 11 Canada Industrial Cyber Security Market, By Product
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