Global Industrial Cybersecurity Market Size, Study, By Product, Application, And Forecasts 2030
Posted by Karthik Pilla on January 17th, 2023
Bharat Book Bureau Provides the Trending Market Research Report on “Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics)— Global Forecasts to 2030” under the Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The research 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”, provides an in-depth analysis of industrial cybersecurity market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global Industrial Cybersecurity Market is expected to reach .53 billion by 2030, growing at a CAGR of 14.8% during the forecast period of 2023–2030.
The growth of the industrial cybersecurity market is driven by the emergence of disruptive digital technologies and the increasing frequency & sophistication of cyberattacks. However, the shortage of trained professionals restrains the growth of this market. The growing need for cloud-based security solutions among SMEs and the increasing use of Artificial Intelligence, Machine Learning, and Blockchain technologies for cyber defense are expected to create growth opportunities for the players operating in this market. However, the increasing use of mobile devices as an attack vector and the vulnerability issues with IoT devices are major challenges for market growth.
Based on security type, the market is segmented into network security, application security, cloud security, endpoint security, and other security types. The endpoint security segment is projected to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the exponential rise in the number of endpoint devices and rising demand for endpoint security solutions to secure various enterprise networks.
Based on deployment mode, the market is segmented into on-premise deployment and cloud-based deployment. The cloud-based deployment segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the rapid evolution of new avenues for cloud-based deployments, the superior flexibility & affordability offered by cloud-based deployments, and the increasing incorporation of cloud-based solutions among small and medium-sized enterprises.
Based on end user, the market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and other end users. The industrial manufacturing segment is further sub-segmented into automotive, aerospace & defense, electronics & electrical, chemicals, heavy metals & machinery, FMCG, and other manufacturing industries. The transportation & logistics segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the technological advancements in the transportation sector, increasing sophistication of cyber risk and penetration of data breaches, and the rising need to secure supply chain & logistics systems.
The key players operating in the global 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.).
Key questions answered in the report:
Scope of the Report:
Browse our full report with Table of Content:
About Bharat Book Bureau:
Like it? Share it!
About the AuthorKarthik Pilla
Joined: March 29th, 2019
Articles Posted: 801
More by this author