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Industrial Cybersecurity Market: Size, Share, Growth, Trends, Analysis, Forecast To 2033
Industrial Cybersecurity Market Size
As per the report, the industrial cybersecurity market size has grown strongly in recent years. It will grow from $22.76 billion in 2023 to $24.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The industrial cybersecurity market size is expected to see strong growth in the next few years. It will grow to $33.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Surging Demand For Industrial Cybersecurity Solutions Propels Market Growth And Job Opportunities
The increase in demand for industrial cybersecurity solutions and services is expected to propel the industrial cybersecurity market. Industrial Cybersecurity solutions and services are a set of technologies and services aimed at securing every industrial layer while maintaining operational consistency and continuity of industrial processes. The demand for industrial cybersecurity solutions across industries is increasing, as is the demand for advanced solutions such as firewalls, antivirus, and intrusion detection systems, which would drive the growth of the industrial cybersecurity market. For instance, in 2022, according to the Bureau of Labor Statistics report, a US-based government agency, demand for information security analysts would rise by 28%, with an increase of 2.8k jobs. Industrial cybersecurity is expected to create 3.5 million jobs globally by 2025. Therefore, the rising demand for industrial cybersecurity solutions and services is driving the growth of the industrial cybersecurity market.
Artificial Intelligence (AI) Driven Industrial Cybersecurity For Detection And Recovery
Major companies operating in the industrial cybersecurity market are innovating products with artificial intelligence to gain a competitive edge in the market. Artificial Intelligence (AI)-driven industrial cybersecurity involves the use of advanced AI algorithms and technologies to autonomously detect, analyze, and respond to cyber threats in industrial environments, enhancing the overall security posture of critical infrastructure and manufacturing systems. For instance, in November 2023, Rubrik, a US-based software company, launched Ruby. Ruby is a generative artificial intelligence (AI) companion intended to expedite cyber detection, cyber recovery, and cyber resilience in enterprises. Ruby is designed with Azure OpenAI in combination with a machine learning-driven data threat engine. Ruby helps to discover, investigate, remediate, and report on cyber incidents. It simplifies and automates cyber-detection and recovery.
The industrial cybersecurity market covered in this report is segmented -
1) By Type: Network Security, Endpoint Security, Application Security, Cloud Security
2) By Component: Products, Software, Services
3) By Solutions: Antivirus, Firewall, Ddos, Scada, Other Solutions
4) By End-Use: Energy And Utilities, Transportation Systems, Chemicals And Manufacturing, Other End Users
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Major companies operating in the industrial cybersecurity market report are International Business Machines Corporation, Honeywell International Inc., Asea Brown Boveri Ltd., Schneider Electric SE, Rockwell Automation Inc., CrowdStrike Holdings Inc., Cybereason Inc., SparkCognition Inc., Tessian Ltd., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Darktrace Ltd., Fortinet Inc., Anomali Inc., Vectra AI Inc., FireEye Inc., McAfee Corp., Microsoft Corporation, OneTrust LLC, SkyHigh Security, SonicWall Inc., Splunk Inc., Tanium Inc., Vanta Inc., Broadcom Inc., Mandiant Solutions Inc., Exaud LLC, Kanda Software Inc., Simform LLC, Azumo LLC
Contents of the report:
1. Executive Summary
2. Industrial Cybersecurity Market Report Structure
3. Industrial Cybersecurity Market Trends And Strategies
4. Industrial Cybersecurity Market - Macro Economic Scenario
5. Industrial Cybersecurity Market Size And Growth
…..
27. Industrial Cybersecurity Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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