Industrial Cybersecurity Market – Global Opportunities & Forecast, 2020-2027
The market report analyses the market while considering
various aspects of the market such as market size, market status, market
trends, and forecast. The report also offers brief information on the
competitors and specific growth opportunities while covering the key drivers of
the market. The report has been categorized based on the different segments,
including security type, offering, end-user industry, and regions.
Leading Players in the Industrial Cybersecurity Market:
The Industrial Cybersecurity Market is fairly fragmented, and
a number of global and regional players operating in the market are:
·
Honeywell International Inc.
·
IBM
·
Cisco Systems, Inc.
·
ABB
·
McAfee, LLC
·
Schneider Electric
·
Dell
·
Siemens
·
Rockwell Automation, Inc.
·
Fortinet, Inc.
Industrial Cybersecurity Market drivers:
The significant factor driving the growth of the global industrial cybersecurity market
include the growing incidences of cyberattacks on the industrial control
systems majorly owing to the introduction of the Industrial Internet of Things
(IIoT) in the operations which is leading to an upsurge in the cybersecurity
risk. Moreover, the rising number of funding by the government to develop a
structure required to improve cybersecurity in the industries worldwide is also
a major factor fuelling the growth of industrial cybersecurity in the market.
Furthermore, the growing use of the internet and the increasing use of IT
systems have increased the risk of information security and data privacy,
further bolstering the demand for industrial cybersecurity in the market in the
upcoming years. On the other hand, the lack of required framework and funds for
the development of cybersecurity solutions and limited awareness among the
industries associated with the need for cybersecurity in the industrial control
systems will hamper the growth of the global industrial cybersecurity market.
For example, especially in 2020, the government declared an
investment of USD 1.35 billion to strengthen Australia's cybersecurity
capabilities in the upcoming years. Out of this USD 1.35 billion, USD 35
million will be used to develop a new cyber threat-sharing platform that allows
the government and industry to share intelligence about any sort of malicious
cyber activity and block the appearing threats in near real-time.
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Industrial Cybersecurity Market Segmentation:
According to the report published by GMI Research, titled “Industrial
Cybersecurity Market,” the industry is predicted to witness the highest CAGR
during the forecast period. The segmentation of the market is as follows:
By Security Type:
·
Endpoint Security
·
Network Security
·
Cloud Security
·
Application Security
·
Wireless Security
·
Others
By Offering:
·
Networking Devices
o
Routers
o
Industrial Ethernet Switches
·
Gateways
·
Services
o
Managed Services
o
Professional Services
§
Audit & Reporting
§
Risk Management Services (RMS)
§
Design Integration & Consulting
·
Solutions
o
Firewall
o
Antivirus/Malware
o
Virtualization Security
o
SCADA Encryption
o
Security Information and Event Management (SIEM)
o
Data Loss Prevention (DLP)
o
Identity and Access Management (IAM)
o
Intrusion Detection System/Intrusion Prevention
System
o
Distributed Denial of Service (DDOS)
o
Unified Threat Management (UTM)
o Others
By End-User Industry:
·
Utilities
·
Power
·
Chemicals & Manufacturing
·
Transportation
·
Others
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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