Press release
Industrial Cybersecurity Market Growth, Analysis, Latest Trends and Forecast till 2027
The report "Industrial Cybersecurity Market by Security Type (Network, Endpoint, Application, Cloud, Wireless), Offering (Products and Services), End-user (Power, Utilities, Transportation, Chemicals & Manufacturing) and Region - Global Forecast to 2027 ", size was valued at USD 16.2 billion in 2022 and was expected to reach USD 20.1 billion by 2027; it is expected to grow at a CAGR of 4.4% from 2022 to 2027.The major factors driving the growth of industrial cybersecurity market are rising investments by governments and private organizations worldwide to create safe and secure industrial environment. However, several factors, such as lack of awareness about best practices and criticality of cybersecurity in industrial control systems can act as a key challenge in the market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37646764
Cloud Security is projected to hold the highest market share in 2027
Cloud security consists of many policies, procedures, technologies, and controls that protect the cloud-based system, data, and infrastructure from cyber threats and ensure compliance with the standards. Cloud security can be configured according to business requirements; it reduces manual configurations and administration overheads. Manufacturing companies are moving their data and operations to cloud applications to gain efficiency and agility. With the rapid adoption of SaaS applications and other cloud-based services, the popularity of cloud security solutions has increased significantly. Cloud security addresses both physical and virtual security across different service models of software, platform, and infrastructure. It is mainly implemented in governance, data protection, data encryption, endpoint control, IDS/IPS, vulnerability scanning, and IAM applications.
Products will have the highest growth in coming years
Cyberattacks and threats against critical infrastructure have increased over the years due to the growing use of connected devices and IT systems. Instead of stealing data, digital attackers target to access industrial control systems, such as SCADA, DCS, and PLC, on which organizations rely for managing their industrial processes. Industries such as pharmaceuticals, oil & gas, manufacturing, and electric utilities use control systems. These systems are connected with a large number of sensors with the help of network infrastructure (either wired or wireless systems). Any alteration in control network infrastructure by infrastructure industries to meet their business needs might lead to an increase in cyberattacks.
The industrial cybersecurity market for products has been broadly segmented into gateways and networking devices. Gateways help prevent cyberattacks on SCADA systems by allowing them to connect with management information systems securely. Gateways help manage network user access by directly accessing the networks in the industrial zone. Furthermore, networking devices are further classified into routers and industrial Ethernet switches.
Power is expected to hold the largest share in 2027
Power companies are increasingly adopting cybersecurity solutions and upgrading their cybersecurity capabilities to protect their industrial systems from rapidly evolving cyber threats. Cybersecurity in power companies helps in mitigating the challenges pertaining to aging grid infrastructure, monitoring power system operations, maintaining the balance between power generation and production, and providing fast and efficient ways to restore services after interruptions. The importance of monitoring systems has increased with the growing use of renewable sources in power grids.
APAC is attributed to grow at the highest CAGR in Industrial cybersecurity market during the forecast period (2022-2027)
Asia Pacific comprises emerging economies such as China and India. These countries have the presence of a large number of small and medium-sized enterprises (SMEs), which collectively account for the employment of more than 70% of the total population in the countries. These SMEs provide growth opportunities to the providers of industrial cybersecurity solutions and services to customers from the manufacturing, transportation, and energy industries. In the 2021 Union Budget, the Singaporean government announced an investment of USD 1.8 billion in economic strategies for the next four years. Some portion of this investment is also dedicated to the Cybersecurity Agency (CSA) of Singapore. However, the need for huge investment associated with the successful deployment of an industrial control system security project restricts SMEs from adopting strong security practices in their organizations. However, factors such as the increasing complexity of businesses, the growing trend of BYOD, as well as the rapid shift toward digitization and virtualization, are expected to encourage SMEs to adopt various industrial control solutions and services.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37646764
Key Market Players
In 2020, the Industrial cybersecurity market was dominated by IBM Corporation (US), Honeywell International INC. (US), ABB Ltd. (Switzerland), CISCO (US), and Schneider Electric (France).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Cybersecurity Market Growth, Analysis, Latest Trends and Forecast till 2027 here
News-ID: 2570113 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Cloud
Government Service Cloud Market SWOT Analysis by Leading Key Players: Google Clo …
HTF MI just released the Global Government Service Cloud Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Government Service Cloud Market are:
Amazon Web…
Cloud Model Hosting Platform Market Size, Status, Global Outlook 2025 To 2033 | …
New Jersey, United States: The latest research study by Infinity Business Insights, titled 'Global Cloud Model Hosting Platform Market,' 118 analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some of the major companies featured in this report include Amazon Web…
AI Supercomputing Cloud Market to Witness Huge Growth by 2029 | AWS, Oracle, Mic …
The AI Supercomputing Cloud Market a detailed study added to provide most recent insights about critical reports of the Global AI Supercomputing Cloud market. This report provides a detailed overview of key factors in the AI Supercomputing Cloud Market and factors such as driver, limitation, past and current trends, guiding scenarios, and technology development. In addition, AI Supercomputing Cloud Market attractiveness according to country, end-user, and other measures is also…
Open Cloud Services Market Size in 2023 To 2029 | Google Cloud - T-Systems - IBM …
The Open Cloud Services market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6778415
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝…
Mini Program Development Services Market Size in 2023 To 2029 | Tencent Cloud, A …
The Mini Program Development Services market report provides valuable insights for new entrants and stakeholders, offering a comprehensive understanding of market dynamics. It analyzes the competitive landscape and future market scenarios using tools like Porter's five forces and parent/peer market analysis. The report evaluates the product portfolios and services of key market players in detail. It also examines the impact of government regulations during the Covid-19 pandemic and provides market…
Customized Cloud Service Market May See a Big Move | IBM Cloud, Oracle Cloud, Al …
Global Customized Cloud Service Market Growth (Status and Outlook) 2023-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Customized Cloud Service Market. Some of the key players profiled in the study are Google…