Industrial Cybersecurity Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research

Due to industrial evolution, there are several industries today that are largely dependent on information technology (IT). Today, companies store all their important information and crucial data related to business and employees in a soft format in computers and on data servers. This also helps to reduce paperwork. However, with advancement in technology there are also ways of breaching data security due to which several company websites are being hacked, hampering the data security. Cybercrimes have increased globally in the past decade and government and private companies are taking measures to maintain efficient cybersecurity in industries. This report studies the current and future aspects of the industrial cybersecurity market.

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The report on the global Industrial cybersecurity market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The industrial cybersecurity market is growing at a rapid pace during the forecasted period because of strong government support and funding to tackle security issues and control and manage cybersecurity among various industries. There is rise in number of connected devices which if not monitored can easily lead to leakage of company data.

2. Moreover, industries today are opting for Internet of Things (IoT) technology for managing industrial control systems. These factors are contributing towards the industrial cybersecurity market growth. Power industry is also taking help of technology to increase the production efficiency.

3. This is boosting the market growth further. Slowly technology is entering into transportation sector which is creating newer growth opportunities for the industrial cybersecurity market.

The global industrial cybersecurity market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the industrial cybersecurity market. The region is dominant because of advancement in technology and availability of many industrial cybersecurity service providers. In addition, there are some fast-growing markets seen in this region such as manufacturing, operations, and infrastructure. Next in line is the Asia-Pacific region which is witnessing a rapid market growth due to rapid industrialization and increased adoption of cloud-based services. The region is also observing an increasing trend of industrial automation which is leading to the growth of industrial cybersecurity market.

KEY MARKET PLAYERS

Key players in the industrial cybersecurity market include:

1. International Business Machines (IBM) Corporation (US)
2. Honeywell International Inc.
3. ABB Ltd
4. Cisco Systems, Inc.
5. Schneider Electric
6. McAfee, LLC (Intel Security)
7. Siemens AG
8. Dell Inc.
9. Symantec Corporation
10. Rockwell Automation, Inc.

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