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Industrial Cybersecurity Market worth $28.99 billion by 2030, growing at a CAGR of 6.92% - Exclusive Report by 360iResearch
Industrial Cybersecurity Market | 360iResearch
The Global Industrial Cybersecurity Market to grow from USD 18.14 billion in 2023 to USD 28.99 billion by 2030, at a CAGR of 6.92%.
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Industrial cybersecurity involves a wide range of solutions and services designed to protect IT systems, OT networks, and critical infrastructure assets across various sectors. Key industries include manufacturing, energy & utilities, transportation, chemical & pharmaceuticals, healthcare, and government & defense. The expansion of the industrial cybersecurity market is driven by increasing automation levels across industries, adoption of Industry 4.0 concepts, and growing reliance on interconnected IT-OT systems. Rising awareness about cyber threats posed by insiders, nation-states, and non-state actors, escalating instances of data breaches targeting intellectual property theft, and business disruptions shaping the market growth. However, the industrial cybersecurity market faces challenges such as a significant skills gap due to a lack of professionals with domain expertise in relevant industries and strong technical knowledge of cybersecurity principles. Advancements in artificial intelligence (AI), machine learning (ML), big data analytics, cloud computing, the Industrial IoT, and blockchain technologies present significant opportunities for enhancing industrial security solutions. Integrating these technologies into existing cybersecurity frameworks can help detect anomalies more efficiently and improve system resilience through predictive maintenance strategies.
In the American region, organizations are increasingly investing in industrial cybersecurity solutions due to growing cyber-attacks on critical infrastructure sectors such as energy, utilities, transportation, and manufacturing industries. The North American Electric Reliability Corporation has set guidelines for Critical Infrastructure Protection (CIP) that drive demand for robust security measures in these sectors. EU countries prioritize industrial cybersecurity with the implementation of regulations like the Network and Information Systems Directive and the General Data Protection Regulation. Similarly, the Middle Eastern market's growth is driven by increased investments in oil & gas infrastructure protection as well as initiatives like Qatar's National Cybersecurity Strategy. In the Asia-Pacific market for industrial cybersecurity, China is rapidly emerging as a global powerhouse with significant investments made toward strengthening its industrial cyber defenses.
Market Segmentation & Coverage:
This research report categorizes the Industrial Cybersecurity Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software Solutions. The Services is projected to witness significant market share during forecast period.
Based on Security Layer, market is studied across Application Security, Cloud Security, Endpoint Security, Network Security, and Wireless Security. The Application Security is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-premise. The On-premise is projected to witness significant market share during forecast period.
Based on End-User Industry, market is studied across Chemical & Manufacturing, Energy & Utilities, and Transportation System. The Transportation System is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.05% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Cybersecurity Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Cybersecurity Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom S.A., Amazon Web Services, Inc., Armis Inc., Baker Hughes Company, Incorporated, Bechtel Corporation, Broadcom Inc., Cisco Systems, Inc., Claroty Ltd., Continental AG, CyberArk Software Ltd., Dell Technologies Inc., Fortinet, Inc., Honeywell International Inc., Industrial Defender, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc., QAwerk, Rockwell Automation, Inc., Schneider Electric SE, ScienceSoft USA Corporation, Siemens AG, and Vumetric Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Cybersecurity Market, by Component
7. Industrial Cybersecurity Market, by Security Layer
8. Industrial Cybersecurity Market, by Deployment
9. Industrial Cybersecurity Market, by End-User Industry
10. Americas Industrial Cybersecurity Market
11. Asia-Pacific Industrial Cybersecurity Market
12. Europe, Middle East & Africa Industrial Cybersecurity Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Cybersecurity Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Cybersecurity Market?
3. What is the competitive strategic window for opportunities in the Industrial Cybersecurity Market?
4. What are the technology trends and regulatory frameworks in the Industrial Cybersecurity Market?
5. What is the market share of the leading vendors in the Industrial Cybersecurity Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Cybersecurity Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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