Industrial Cybersecurity Market to Perceive Substantial Growth During 2021-2031 | Schneider Electric, Rockwell Automation, Dell Inc., McAfee LLC

New York, According to a new market research report published by Global Insight Services Industrial Cybersecurity Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Industrial cybersecurity is the protection of industrial control systems (ICS) and operational technology (OT) from cyber threats. ICS and OT are used in a variety of industries, including energy, water, transportation, and manufacturing. Industrial cybersecurity threats can come from a variety of sources, including nation-states, criminal organizations, and hacktivists. These threats can target ICS and OT systems directly, or they can target the networks and computers that connect these systems to the outside world.

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Industrial cybersecurity is a relatively new field, and it is still evolving. There are no universally accepted standards or best practices. However, there are a number of organizations that are working to develop standards and best practices, including the International Society of Automation (ISA), the National Institute of Standards and Technology (NIST), and the Industrial Control Systems Cyber Emergency Response Team (ICS-CERT).

Key Trends

The following are some of the key trends in industrial cybersecurity technology:

Increased use of artificial intelligence (AI) and machine learning (ML) for security purposes: AI and ML are being used more and more for industrial cybersecurity applications such as identifying and responding to threats, detecting anomalies, and managing security policies.

Increased adoption of security information and event management (SIEM) solutions: SIEM solutions are being increasingly adopted by industrial organizations to centrally manage and monitor security events.

Greater focus on risk management: With the growing number of cyber threats, there is a greater focus on risk management in industrial cybersecurity. This includes identifying and assessing risks, implementing controls to mitigate risks, and monitoring risks on an ongoing basis.

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Key Drivers

The key drivers of industrial cybersecurity are the increasing number of cyberattacks on industrial facilities and the growing need to protect critical infrastructure from these attacks. Cyberattacks on industrial facilities can cause significant damage to equipment and operations, and can also lead to safety hazards for workers. The growing need to protect critical infrastructure from these attacks has led to the development of industrial cybersecurity solutions that can help to mitigate the risks posed by these attacks.

Restraints & Challenges

The key restraints and challenges in Industrial Cybersecurity market are as follows:

Lack of awareness and understanding of industrial cybersecurity threats and solutions: There is a lack of awareness and understanding of industrial cybersecurity threats and solutions among industrial organizations. This lack of awareness leads to organizations being unprepared to deal with cybersecurity threats.

Lack of trained and qualified personnel: There is a lack of trained and qualified personnel who are able to effectively implement industrial cybersecurity solutions. This lack of personnel leads to organizations being unable to properly defend themselves against cyber threats.

Rapidly evolving threats: The threats to industrial cybersecurity are constantly evolving and becoming more sophisticated. This makes it difficult for organizations to keep up with the latest threats and to properly defend themselves.

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Market Segments

By Type

Network Security
Endpoint Security
Application Security
Cloud Security

Key Players

IBM
Honeywell International
ABB Ltd
Cisco Systems
Schneider Electric
Rockwell Automation
Dell Inc.
McAfee LLC
Symantec Corporation
Kaspersky Lab

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Reasons to buy Industrial Cybersecurity Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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