Industrial Cybersecurity Market to Achieve $49.53 Billion Valuation by 2030

 


Meticulous Research® has recently published an in-depth 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 study forecasts that the global industrial cybersecurity market will grow at a 14.8% compound annual growth rate (CAGR) between 2023 and 2030, reaching a total market size of $49.53 billion by 2030. This surge in market value is driven by the increasing sophistication and frequency of cyberattacks on industries and the adoption of new, disruptive digital technologies. Furthermore, the growing need for cloud-based cybersecurity solutions, especially for SMEs, and the integration of AI, machine learning, and blockchain technologies into cybersecurity strategies are creating substantial opportunities for growth. However, a shortage of skilled cybersecurity professionals is expected to act as a constraint on market expansion.

The report segments the industrial cybersecurity market into components, security types, deployment modes, and end users while providing competitive insights at both regional and national levels.

Component Analysis: The market is bifurcated into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the industrial cybersecurity market. Rising concerns over data privacy and security, coupled with efforts from industrial stakeholders to optimize efficiency and bolster security measures, are driving demand for cybersecurity solutions. Moreover, this segment is expected to grow at the fastest rate during the forecast period.

Security Type Overview: In terms of security type, the market is categorized into network security, application security, cloud security, endpoint security, and others. Endpoint security is expected to dominate the market share in 2023 due to the rapid proliferation of endpoint devices and the increasing need to protect enterprise networks. This segment is also forecasted to grow at the highest rate over the forecast period, propelled by rising demand for endpoint security solutions.

Deployment Mode Breakdown: Deployment in the industrial cybersecurity market is split into on-premise and cloud-based options. Cloud-based deployment is predicted to capture the larger market share in 2023, fueled by the rapid adoption of cloud solutions, cost-effectiveness, and the growing preference among SMEs for cloud-based cybersecurity tools. The cloud-based segment is also expected to exhibit the highest growth rate during the forecast period.

End User Segmentation: By end user, the market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and others. Industrial manufacturing is expected to command the largest market share in 2023, driven by increasing demand for real-time security monitoring, the growing threat of cybersecurity breaches, and the expanded use of smart devices in manufacturing processes. Meanwhile, the transportation & logistics sector is anticipated to exhibit the highest CAGR during the forecast period.

Geographical Insights: In 2023, North America is projected to account for the largest share of the global industrial cybersecurity market, supported by government policies, advanced technology adoption, and a rise in cyberattacks on industrial sectors. However, the Asia-Pacific region is forecast to register the highest CAGR, as industrialization continues to grow and more companies focus on enhancing their cybersecurity frameworks.

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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