Industrial Cybersecurity Market Set to Hit $49.53 Billion by 2030

 

Meticulous Research® has recently published a detailed report titled, 'Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics), and Geography—Global Forecasts to 2030.'

Download PDF Brochure @ https://www.meticulousresearch.com/download-sample-report/cp_id=5316

The report indicates that the industrial cybersecurity market is poised to grow at a compound annual growth rate (CAGR) of 14.8% between 2023 and 2030, with market value expected to reach $49.53 billion by the end of the forecast period. The growing incidence and complexity of cyberattacks on industrial infrastructures, combined with the increasing adoption of disruptive digital technologies such as artificial intelligence (AI), machine learning (ML), and blockchain, are key drivers of this market growth. Additionally, the growing demand for cloud-based security solutions, particularly by SMEs, is fueling the market’s expansion. Nevertheless, a lack of skilled cybersecurity professionals may constrain this growth.

The report offers a comprehensive analysis of the global industrial cybersecurity market by segmenting it into components, security types, deployment modes, and end users.

Component Segment: The market is segmented into solutions and services. In 2023, the solutions segment is expected to hold the largest market share, driven by growing concerns about data security and efforts within the industrial sector to boost efficiency and security. The solutions segment is also forecast to record the highest CAGR during the forecast period.

Security Type Segment: The market is classified into several security types, including network security, cloud security, application security, endpoint security, and others. The endpoint security segment is expected to lead the market in 2023, attributed to the surge in the number of endpoint devices and the increasing demand for solutions that secure enterprise networks. This segment is also expected to grow at the highest CAGR during the forecast period.

Deployment Mode Segment: The deployment mode is segmented into on-premise and cloud-based. In 2023, the cloud-based segment is projected to capture a larger share of the market, thanks to its superior flexibility, affordability, and the increasing adoption of cloud solutions by SMEs. This segment is also forecasted to grow at the fastest rate over the forecast period.

End User Segment: In terms of end user, the market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing segment is expected to hold the largest market share in 2023, driven by the increasing need for real-time security monitoring in industrial processes. The transportation & logistics segment, however, is anticipated to grow at the highest CAGR due to increasing cyber threats targeting transportation and supply chain systems.

Geographical Analysis: Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest share of the market in 2023, driven by governmental support, technological advancements, and rising incidences of cyberattacks in industrial sectors. However, the Asia-Pacific region is forecasted to exhibit the highest growth, driven by rapid industrial growth, digital transformation, and growing cybersecurity investments across industries.

Key Players:

The key players operating in the industrial cybersecurity market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/industrial-cybersecurity-market-5316

Key questions answered in the report:

  • Which are the high-growth market segments in terms of component, security type, deployment mode, end user, and countries?
  • What is the historical market for industrial cybersecurity across the globe?
  • What are the market forecasts and estimates for 2023–2030?
  • What are the major drivers, restraints, and opportunities in the global industrial cybersecurity market?
  • Who are the major players in the global industrial cybersecurity market, and what shares do they hold?
  • Who are the major players in various countries, and what shares do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global industrial cybersecurity market?
  • What are the different strategies adopted by the major players in the market?
  • What are the geographic trends and high-growth countries?
  • Who are the local emerging players in the global industrial cybersecurity market, and how do they compete with the other players?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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