Industrial Cyber Security Solutions and Services Market- Magnifying Pace of Digitalization to Swell Demand

With the increasing number of cyber-attacks and security breaches, browsing is no longer safe! It has become extremely easy and convenient for hackers to monetize their attacks with the help of zero-day malware. The market for industrial cyber security is poised to experience a hefty upthrust in the light of rising number of cyber-crimes across discrete industries. These insights are extracted from a new report, titled “Industrial Cyber Security Solutions and Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” recently added to the extensive repository of Market Research Reports Search Engine (MRRSE).

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Conventional cyber security solutions such as intrusion detection solutions and firewalls are not able to provide competent protection for industrial control systems. Burgeoning number of cyber-attacks have led to disruption of production, compromises with safety and damages, both minor and major.

Industrial Cyber Security Solutions and Services Market- Increased Use of Control Systems across Industries to Trigger Adoption

Increased vulnerability of industries to malware attacks and security breaches with a large number of connected devices, industrial control systems, machines, and network components is paving demands for cyber security solutions. Other factors such as wide adoption of cloud-based solutions and applications, policies such as bring your own device (BYOD), incorporated with the objective of improvising work culture across small and large organizations. An increased awareness pertaining to threat of business data to the consecutive rise in data access points are expected to bode well for the market.

However, the growth ambit of industrial cyber security solutions and services could face a major roadblock i.e. lack of awareness regarding need for effective cybersecurity solutions. This issue pertaining to awareness of cybersecurity solutions, especially across an underdeveloped and emerging economies, is perceived to bring down growth of the market. Additionally, high costs of these solutions are believed to pose major challenges for manufacturers to prosper. Nevertheless, other facets such as surging know-how of technical aspects across the globe, ubiquitous presence of numerous companies in the market, and swift penetration of digitization in industries are poised to introduce a vast set of new growth opportunities for the market players.

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Industrial Cyber Security Solutions and Services Market- Methodology of Research

The research methodology employed for this report is a perfect combination of primary research, secondary research, and inputs from a panel of experts. Secondary sources such as related websites, SEC filings,  annual reports, presentations by investors, internal and external proprietary databases, statistical databases, and many more are used as references. Further, a special data coverage has been provided with regard to cyber security breaches and industry bodies for this report.

Primary research entails telephonic interviews, interactions via e-mails, and face-to-face interviews for a comprehensive and exhaustive understanding of the industrial cyber security market across realms. The primary interviews are held on an ongoing basis with industry leaders and experts to fetch a lucid understanding of the prevalent market insights and validate them in a righteous way. Moreover, the data collected and analyzed from secondary and primary research are revisited and reexamined by our panel of experts to avoid any sorts of discrepancy.

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