Industrial Cyber Security market 2018 Global Analysis by Key Leaders:Cisco Systems, Schneider Electric, Rockwell Automation, IBM Corporation, Honeywell International

Market Highlights:

The Industrial Cyber Security market is projected to reach approximately 24.41 USD billion with 10.97% CAGR during the forecasted period of 2017– 2023. Industrial cyber security solutions are designed to safeguard industrial environments from cyber threats. Industrial cyber security market is a highly dynamic area of concern. It includes the software and hardware solutions, industrial control systems, and network security. These cyber security solutions deal with secured operation of machines and plants in industries.

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. Growing adoption of Internet of Things (IoT) in industrial control systems; Increasing adoption of cloud security solutions; rising number of cyber-crime related incidents in different end-use industries such as aerospace and defense, oil and gas, and automotive sector; along with rise in internet penetration globally has led to the augmentation of the cyber security market.

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Major Key Players

• IBM Corporation (US),
• Honeywell International Inc (US),
• ABB ltd (Switzerland),
• Cisco Systems,
• Schneider Electric (France),
• Rockwell Automation (US),
• Dell Inc,
• Bayshore Networks (US)
• Kaspersky labs (Russia).

According to MRFR, 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.

Segmentation:
The market for industrial cyber security is segmented into product, solutions, industries, organization size and region. The product segment is fragmented into router, gateway and Ethernet switches. A router is a networking device that transmits data between computer networks; they perform the traffic directing functions on internet. Whereas the purpose of cyber security gateway is to provide an interactive information resource on cyber security related initiatives.

The solution industrial cyber security types are antivirus, firewall, DDoS, data loss prevention, supervisory control and data acquisition (SCADA). SCADA is useful in cyber security due to their cost-efficiency, effectiveness, and interoperability which accelerates the inevitable trend of the industrial cyber security market. Due to vulnerabilities in cyber security, governments and the general public are becoming more concerned about various scenarios of large-scale cyber-attacks. Therefore elements like antivirus, firewall, and SCADA are utilized to prevent such threatening situations. The market is segmented on the basis of organization size, which is large, small and medium size.

The industrial cyber security market is also segmented on the basis of industries, namely transportation, power grid, manufacturing and oil & gas. In various industries, the market has evolved to an established entity providing them with validated and applicable software security patches, help minimize operational risk by ensuring updates are tested, minimized risk from external cyber threats and many more. Each industry is striving to achieve cyber security excellence and strengthen their security efforts. These factors fuel the growth of industrial cyber security market in every sector globally.

Regional Analysis

The Cyber Security market growth is higher in North America in the terms of advancements in technology, manufacturing process operations and industrial infrastructure. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. Also, Asia – pacific is following the lead because of increasing opportunities in emerging countries of Middle East, their adoption towards cloud services and inclination to industrial automation.

Many government organizations are raising funds to tackle the situation of security breaches and increase in the web based application for a more number of connected devices for easier and safer transmission of data over the secured networks. On the basis of industries, Transportation industry is prone to cyber threats due to increase in the Whole connected systems rather than standalone systems followed by power grid.
Industrial cyber security is a highly growing and dynamic area of concern including the industrial control systems, network security, the hardware and the network solutions which is designed for the secured operation of machines and plants in the industries. It manages, monitors and look up to everything connected centrally and operated by machines like robotics, power plants and other energy related systems.

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Intended Audience

• Device manufacturers
• Network Operators
• Network Security providers
• Distributors
• Suppliers
• Research firms
• Software Developers
• IT enablers
• Vendors
• Government
• Vendors

TABLE OF CONTENTS

1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Industrial Cyber Security
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model

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