Industrial Cybersecurity Market Expected to Reach $49.53 Billion by 2030

 

Meticulous Research®, a renowned global market research firm, has released 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 Forecast to 2030.'

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

According to the latest analysis by Meticulous Research®, the global industrial cybersecurity market is anticipated to grow at a CAGR of 14.8% from 2023 to 2030, reaching a valuation of $49.53 billion by 2030. The rapid adoption of disruptive digital technologies and the increasing complexity and frequency of cyberattacks are the primary factors driving the market’s expansion. Additionally, the growing need for cloud-based security solutions among SMEs and the increasing integration of Artificial Intelligence (AI), Machine Learning (ML), and Blockchain technologies for cyber defense strategies are expected to create significant growth opportunities. However, the shortage of skilled professionals may pose challenges to market growth.

The global industrial cybersecurity market is segmented by component, security type, deployment mode, and end user, with country-level and regional market analysis included in the study.

Market Segmentation

Component-Based Segmentation

The market is divided into solutions and services segments. In 2023, the solutions segment is projected to account for the majority of the market share. Factors such as the growing concerns over data security and privacy, along with efforts by industry players to improve efficiency, reduce costs, and enhance security, are expected to drive growth in this segment. This segment is also forecasted to have the highest CAGR during the analysis period.

Security Type-Based Segmentation

The market is categorized into various security types, including network security, application security, cloud security, endpoint security, and other forms of security. In 2023, the endpoint security segment is expected to dominate, capturing the largest market share. This growth can be attributed to the rising number of endpoint devices and the growing demand for endpoint security solutions to protect enterprise networks. Furthermore, the endpoint security segment is projected to experience the fastest growth during the forecast period.

Deployment Mode-Based Segmentation

The global industrial cybersecurity market is divided into two primary deployment modes: on-premise deployment and cloud-based deployment. By 2023, cloud-based deployment is anticipated to hold the largest market share. This can be credited to the rapid evolution of cloud-based deployment options, the superior flexibility and affordability provided by cloud solutions, and the increasing adoption of cloud services by small and medium-sized enterprises (SMEs). Moreover, this segment is predicted to register the highest growth rate throughout the forecast period.

End User-Based Segmentation

The market is segmented by end users, including industrial manufacturing, energy & utilities, transportation & logistics, and other sectors. In 2023, the industrial manufacturing sector is predicted to dominate, securing the largest share of the industrial cybersecurity market. The segment's growth is driven by the increasing demand for real-time security monitoring, the growing number of cybersecurity incidents, and the rising use of smart devices in manufacturing processes. However, the transportation & logistics sector is expected to witness the fastest CAGR during the forecast period.

Geographic Insights

On a regional basis, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to hold the largest share of the global industrial cybersecurity market. This is largely due to increasing government initiatives, advancements in technology, and a surge in cyberattacks targeting the region’s industrial sector. However, the Asia-Pacific region is projected to experience the fastest growth rate during the forecast period, driven by rising investments in smart technologies and increasing industrial activities.

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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