Industrial Cybersecurity Market by Type (Network, Application, Endpoint, Wireless, Cloud, Others), Product (Gateways and Networking Devices), Solution and Service, End-User Industry, and Region - Global Forecast to 2023

  • ID: 4383921
  • Report
  • Region: Global
  • 199 Pages
  • Markets and Markets
1 of 5
The Industrial Cybersecurity Market is Expected to Be Valued at USD 22.79 Billion By 2023, Growing at a CAGR of 8.6% Between 2017 And 2023.

FEATURED COMPANIES

  • Abb Ltd
  • Cisco Systems Inc.
  • Indegy
  • Phoenix Contact (Germany)
  • Securitymatters
  • Startup Ecosystem
  • MORE

“Industrial cybersecurity market to grow at a CAGR of 8.6% during the forecast period”

The growth of the industrial cybersecurity market can be attributed to the increased connectivity between IT and OT environments, which is making industrial control systems more prone to intrusions and cyberattacks. However, the lack of awareness about cybersecurity and lack of collaboration between the public and private sectors are restraining the growth of the industrial cybersecurity market.

“Solutions held a major share of the industrial cybersecurity market in 2016”

Solutions held a major share of the industrial cybersecurity market in 2016. The growth of industrial cybersecurity market for solutions can be attributed to the increasing demand for firewall solutions. The need for firewall solutions to protect critical infrastructure is expected to proliferate owing to the increased sophistication of cyberattacks and security concerns.

“Industrial cybersecurity market for transportation systems industry to grow at a high rate between 2017 and 2023”

The industrial cybersecurity market for the transportation systems industry is expected to grow at a high rate between 2017 and 2023. The growing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems. The increasing dependence of transportation modes on new technologies is leading to the exposure of transportation control systems to cyberattacks; this is boosting the demand for cybersecurity solutions.

“Industrial cybersecurity market in APAC to grow at a high rate during the forecast period”

The industrial cybersecurity market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America held the largest share of the industrial cybersecurity market in 2016. The region is an early adopter of innovative technologies and is home to a large number of industrial cybersecurity solution providers. The market in APAC is expected to grow at the highest rate between 2017 and 2023 owing to the improving IT infrastructure, rising adoption of cloud-based services, and growing trend of industrial automation in the region.

Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 - 43%, Tier 2 - 21%, and Tier 3 - 36%
  • By Designation: CEOs - 35%, Vice Presidents - 41%, Co-Founders - 18%, and Others - 6%
  • By Region: North America - 45%, APAC - 32%, Europe - 14%, and RoW - 9%

The companies profiled in this report include International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), McAfee, LLC (US), Symantec Corporation (US), and Kaspersky Lab (Russia). The report also includes profiles of new entrants such as Indegy (Israel), SecurityMatters (Netherlands), CyberX (US), Bayshore Networks, Inc. (US), and Sentryo (France).

Research Coverage:

The report describes the industrial cybersecurity market and related developments in terms of type, product, solution and service, and end-user industry across different regions. It aims at estimating the size and future growth potential of the market for different segments, including type, product, solution and service, end-user industry, and geography. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to Buy the Report:

  • This report includes the statistics pertaining to the industrial cybersecurity market on the basis of type, product, solution and service, end-user industry, and geography.
  • The major drivers, restraints, opportunities, and challenges for the industrial cybersecurity market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast based on type, product, solution and service, end-user industry, and geography have been provided to give an overall view of the industrial cybersecurity market.
  • A detailed competitive landscape has been provided in the report, including key players and in-depth analysis of these players.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Abb Ltd
  • Cisco Systems Inc.
  • Indegy
  • Phoenix Contact (Germany)
  • Securitymatters
  • Startup Ecosystem
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary And Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Breakdown of Primaries
2.1.3.3 Key Data from Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Cybersecurity Market
4.2 Industrial Cybersecurity Market, By End-User Industry And Countries in North America, 2016
4.3 Industrial Cybersecurity Market, By Type
4.4 Industrial Cybersecurity Market, By Geography
 
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Funding to Improve Cybersecurity of Industrial Environment
5.2.1.2 Rising Cyberattacks On Industrial Control Systems
5.2.1.3 Growth in the Number of Connected Devices And Increasing Adoption of Iot in Industrial Control Systems
5.2.2 Restraints
5.2.2.1 High Costs of Innovation Pertaining to Cybersecurity
5.2.3 Opportunities
5.2.3.1 Government Organizations’ Support to Secure Industrial Control Systems
5.2.3.2 Inter Sale of Industrial Cybersecurity Solution Among Ics Vendors
5.2.4 Challenges
5.2.4.1 Lack of Collaboration Between Public And Private Sectors
5.2.4.2 Lack of Awareness About Cybersecurity
5.3 Global Cybersecurity Standards And Frameworks
5.3.1 Isa/Iec 62443 (Previously Isa-99) - Industrial Network And System Security
5.3.2 National Institute of Standards And Technology- Sp 800-82 (Nist Sp 800-82) - Guide to Industrial Control Systems Security
5.3.3 International Organization for Standardization 27002 (Iso 27002) - Information Security Standard
5.3.4 Working-Party On Instrument Behaviour M-2784 (Wib M-2784) - Process Control Domain: Security Requirements for Vendors
5.4 Value Chain Analysis
5.5 Key Industry Trends in the Industrial Cybersecurity Market

6 Process Automation Market, By Technology
6.1 Introduction
6.2 Supervisory Control And Data Acquisition (Scada)
6.3 Programmable Logic Controller (Plc)
6.4 Distributed Control System (Dcs)
6.5 Manufacturing Execution System (Mes)
6.6 Human Machine Interface (Hmi)
6.7 Safety Automation
6.7.1 Emergency Shutdown Systems (Esd)
6.7.2 Fire & Gas Monitoring Control
6.7.3 Turbomachinery Control (Tmc)
6.7.4 Burner Management System (Bms)
6.7.5 High-Integrity Pressure Protection Systems (Hipps)

7 Industrial Cybersecurity Market, By Type
7.1 Introduction
7.2 Network Security
7.3 Endpoint Security
7.4 Application Security
7.5 Cloud Security
7.6 Wireless Security
7.7 Others

8 Industrial Cybersecurity Market, By Product
8.1 Introduction
8.2 Gateways
8.3 Networking Devices
8.3.1 Routers
8.3.2 Industrial Ethernet Switches

9 Industrial Cybersecurity Market Analysis, By Solution And Service
9.1 Introduction
9.2 Solutions
9.2.1 Antivirus/Malware
9.2.2 Firewall
9.2.2.1 Proxy Firewall
9.2.2.2 Packet Filtering Firewall
9.2.2.3 Stateful Inspection Firewall
9.2.2.4 Next-Generation Firewall (Ngfw)
9.2.3 Scada Encryption
9.2.4 Virtualization Security
9.2.5 Data Loss Prevention (Dlp)
9.2.6 Security Information And Event Management (Siem)
9.2.7 Intrusion Detection System/Intrusion Prevention System
9.2.8 Identity And Access Management (Iam)
9.2.9 Unified Threat Management (Utm)
9.2.10 Distributed Denial of Service (Ddos)
9.2.11 Others
9.2.11.1 Application Whitelisting
9.2.11.2 Update And Patch Management
9.2.11.3 Database Activity Monitoring (Dam)
9.3 Services
9.3.1 Managed Services
9.3.2 Professional Services
9.3.2.1 Risk Management Services (Rms)
9.3.2.2 Audit And Reporting
9.3.2.3 Design, Integration, And Consulting

10 Industrial Cybersecurity Market Analysis, By End-User Industry
10.1 Introduction
10.2 Power
10.2.1 Power Generation
10.2.1.1 Nuclear Power Plants
10.2.1.2 Thermal & Hydro Power Plants
10.2.1.3 Renewable Energy Power Plants
10.2.2 Power Grid
10.3 Energy And Utilities
10.3.1 Oil & Gas Pipelines
10.3.2 Electric Power Transmission
10.3.3 Water Treatment And Distribution
10.3.4 Wastewater Collection And Treatment
10.4 Transportation Systems
10.4.1 Airports
10.4.2 Seaports
10.4.3 Railways
10.4.4 Others
10.5 Chemicals And Manufacturing
10.5.1 Automated Production Units
10.5.2 Refining Plants
10.5.3 Mining Units
10.6 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 Us
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Uk
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Netherlands
11.3.6 Rest of Europe
11.4 Asia Pacific (Apac)
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Rest of the Apac
11.5 Rest of the World (Row)
11.5.1 Middle East And Africa (Mea)
11.5.2 South America

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis: Industrial Cybersecurity Market, 2016
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Business Strategy Excellence (26 Players)
12.5 Strength of Product Portfolio (26 Players)
26 Companies Analyzed Across this Ecosystem Are - International Business Machines (Ibm) Corporation (Us), Honeywell International Inc. (Us), Abb Ltd (Switzerland), Cisco Systems, Inc. (Us), Schneider Electric (France), Mcafee, Llc (Us), Siemens Ag (Germany), Dell Inc. (Us), Symantec Corporation (Us), Rockwell Automation, Inc. (Us), Kaspersky Lab (Russia), Juniper Networks, Inc. (Us), Trend Micro Incorporated (Japan), General Electric Company (Us), Belden Inc. (Us), Thales Group (France), Lanner Electronics Incorporated (Taiwan), Palo Alto Networks, Inc. (Us), Westermo (Sweden), Phoenix Contact (Germany), Nexdefense, Inc (Us), Indegy (Israel), Securitymatters (The Netherlands), Bayshore Networks, Inc. (Us), Sentryo (France), Cyberx (Us)
12.6 Competitive Situations And Trends
12.6.1 Partnerships, Collaborations, Alliances, And Joint Ventures
12.6.2 Product Launches And Developments
12.6.3 Acquisitions
 
13 Company Profiles
(Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
13.1 Introduction
13.2 International Business Machines (Ibm) Corporation (Us)
13.3 Honeywell International Inc.
13.4 Abb Ltd
13.5 Cisco Systems, Inc.
13.6 Schneider Electric
13.7 Mcafee, Llc (Intel Security)
13.8 Siemens Ag
13.9 Dell Inc.
13.10 Symantec Corporation
13.11 Rockwell Automation, Inc.
13.12 Kaspersky Lab
13.13 Startup Ecosystem
13.13.1 Indegy
13.13.2 Securitymatters
13.13.3 Bayshore Networks, Inc.
13.13.4 Sentryo
13.13.5 Cyberx
*Details On Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Introducing Rt: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables:
Table 1 Currency Table
Table 2 List of Major Secondary Sources
Table 3 Government Funding Plans for the Cybersecurity Market
Table 4 Process Automation Market, By Technology, 2014-2023 (USD Billion)
Table 5 Industrial Cybersecurity Market, By Type, 2014-2023 (USD Billion)
Table 6 Industrial Cybersecurity Market for Network Security, By Region, 2014-2023 (USD Million)
Table 7 Industrial Cybersecurity Market for Network Security, By End-User Industry, 2014-2023 (USD Million)
Table 8 Industrial Cybersecurity Market for Endpoint Security, By Region, 2014-2023 (USD Million)
Table 9 Industrial Cybersecurity Market for Endpoint Security, By End-User Industry, 2014-2023 (USD Million)
Table 10 Industrial Cybersecurity Market for Application Security, By Region, 2014-2023 (USD Million)
Table 11 Industrial Cybersecurity Market for Application Security, By End-User Industry, 2014-2023 (USD Million)
Table 12 Industrial Cybersecurity Market for Cloud Security, By Region, 2014-2023 (USD Million)
Table 13 Industrial Cybersecurity Market for Cloud Security, By End-User Industry, 2014-2023 (USD Million)
Table 14 Industrial Cybersecurity Market for Wireless Security, By Region, 2014-2023 (USD Million)
Table 15 Industrial Cybersecurity Market for Wireless Security, By End-User Industry, 2014-2023 (USD Million)
Table 16 Industrial Cybersecurity Market for Other Types, By Region, 2014-2023 (USD Million)
Table 17 Industrial Cybersecurity Market for Other Types, By End-User Industry, 2014-2023 (USD Million)
Table 18 Industrial Cybersecurity Market, By Product, 2014-2023 (USD Billion)
Table 19 Industrial Cybersecurity Market, By Product, 2014-2023 (Million Units)
Table 20 Industrial Cybersecurity Market for Gateways, By End-User Industry, 2014-2023 (USD Million)
Table 21 Industrial Cybersecurity Market for Gateways, 2014-2023 (Thousand Units)
Table 22 Industrial Cybersecurity Market for Networking Devices, By Type, 2014-2023 (USD Million)
Table 23 Industrial Cybersecurity Market for Networking Devices, By Type, 2014-2023 (Thousand Units)
Table 24 Industrial Cybersecurity Market for Networking Devices, By End-User Industry, 2014-2023 (USD Million)
Table 25 Industrial Cybersecurity Market, By Solution And Service, 2014-2023 (USD Billion)
Table 26 Industrial Cybersecurity Market, By Solution, 2014-2023 (USD Million)
Table 27 Industrial Cybersecurity Market for Solutions, By End-User Industry, 2014-2023 (USD Million)
Table 28 Industrial Cybersecurity Market, By Service, 2014-2023 (USD Million)
Table 29 Industrial Cybersecurity Market, By Professional Service, 2014-2023 (USD Million)
Table 30 Industrial Cybersecurity Market for Services, By End-User Industry, 2014-2023 (USD Million)
Table 31 Global Industrial Cybersecurity Market, By End-User Industry, 2014-2023 (USD Billion)
Table 32 Industrial Cybersecurity Market for Power Industry, By Offering, 2014-2023 (USD Million)
Table 33 Industrial Cybersecurity Market for Power Industry, By Product, 2014-2023 (USD Million)
Table 34 Industrial Cybersecurity Market for Power Industry, By Solution And Service, 2014-2023 (USD Million)
Table 35 Industrial Cybersecurity Market for Power Industry, By Region, 2014-2023 (USD Million)
Table 36 Industrial Cybersecurity Market for Power Industry, By Type, 2014-2023 (USD Million)
Table 37 Industrial Cybersecurity Market for Energy And Utility Industry, Offering, 2014-2023 (USD Million)
Table 38 Industrial Cybersecurity Market for Energy And Utility Industry, By Product, 2014-2023 (USD Million)
Table 39 Industrial Cybersecurity Market for Energy And Utility Industry, By Solution And Service, 2014-2023 (USD Million)
Table 40 Industrial Cybersecurity Market for Energy And Utility Industry, By Region, 2014-2023 (USD Million)
Table 41 Industrial Cybersecurity Market for Energy And Utility Industry, By Type, 2014-2023 (USD Million)
Table 42 Industrial Cybersecurity Market for Transportation Systems Industry, By Offering, 2014-2023 (USD Million)
Table 43 Industrial Cybersecurity Market for Transportation Systems Industry, By Product, 2014-2023 (USD Million)
Table 44 Industrial Cybersecurity Market for Transportation Systems Industry, By Solution And Service, 2014-2023 (USD Million)
Table 45 Industrial Cybersecurity Market for Transportation Systems Industry, By Region, 2014-2023 (USD Million)
Table 46 Industrial Cybersecurity Market for Transportation Systems Industry, By Type, 2014-2023 (USD Million)
Table 47 Industrial Cybersecurity Market for Chemicals And Manufacturing Industry, By Offering, 2014-2023 (USD Million)
Table 48 Industrial Cybersecurity Market for Chemicals And Manufacturing Industry, By Product, 2014-2023 (USD Million)
Table 49 Industrial Cybersecurity Market for Chemicals And Manufacturing Industry, By Solution And Service, 2014-2023 (USD Million)
Table 50 Industrial Cybersecurity Market for Chemicals And Manufacturing Industry, By Region, 2014-2023 (USD Million)
Table 51 Industrial Cybersecurity Market for Chemicals And Manufacturing Industry, By Type, 2014-2023 (USD Million)
Table 52 Industrial Cybersecurity Market for Other Industries, By Offering, 2014-2023 (USD Million)
Table 53 Industrial Cybersecurity Market for Other Industries, By Product, 2014-2023 (USD Million)
Table 54 Industrial Cybersecurity Market for Other Industries, By Solution And Service, 2014-2023 (USD Million)
Table 55 Industrial Cybersecurity Market for Other Industries, By Region, 2014-2023 (USD Million)
Table 56 Industrial Cybersecurity Market for Other Industries, By Type, 2014-2023 (USD Million)
Table 57 Industrial Cybersecurity Market, By Region, 2014-2023 (USD Billion)
Table 58 Industrial Cybersecurity Market in North America, By End-User Industry, 2014-2023 (USD Million)
Table 59 Industrial Cybersecurity Market in North America, By Country, 2014-2023 (USD Million)
Table 60 Industrial Cybersecurity Market in Europe, By End-User Industry, 2014-2023 (USD Million)
Table 61 Industrial Cybersecurity Market in Europe, By Country/Region, 2014-2023 (USD Million)
Table 62 Industrial Cybersecurity Market in Apac, By End-User Industry, 2014-2023 (USD Million)
Table 63 Industrial Cybersecurity Market in Apac, By Country/Region, 2014-2023 (USD Million)
Table 64 Industrial Cybersecurity Market in Row, By End-User Industry, 2014-2023 (USD Million)
Table 65 Industrial Cybersecurity Market in Row, By Region, 2014-2023 (USD Million)
Table 66 Ranking of Key Players in the Industrial Cybersecurity Market, 2016
Table 67 Partnerships, Collaborations, Alliances, And Joint Ventures, 2014-2017
Table 68 New Product Launches And Developments, 2014-2017
Table 69 Acquisitions, 2014-2017

List of Figures:
Figure 1 Industrial Cybersecurity Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Assumptions for the Research Study
Figure 5 Industrial Cybersecurity Market for Products to Grow at the Highest CAGR During the Forecast Period
Figure 6 Network Security Held the Largest Share of the Industrial Cybersecurity Market in 2016
Figure 7 Power Industry Held the Largest Share of the Industrial Cybersecurity Market in 2016
Figure 8 Industrial Cybersecurity Market, By Geography, 2016
Figure 9 Significant Government Funding Related to Cybersecurity And Increasing Integration of Smart Technologies in Industrial Systems to Drive Market Growth During the Forecast Period
Figure 10 Power Industry Held the Largest Share of the Industrial Cybersecurity Market in 2016
Figure 11 Network Security Held the Largest Share of the Industrial Cybersecurity Market in 2016
Figure 12 North America Held the Share of the Industrial Cybersecurity Market in 2016
Figure 13 Industrial Cybersecurity Market: Drivers, Restraints, Opportunities, And Challenges
Figure 14 History of Cyberattacks On Infrastructure
Figure 15 Industrial Cybersecurity Market: Value Chain
Figure 16 Key Trends in the Industrial Cybersecurity Market
Figure 17 Market for Application Security to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America to Hold the Largest Share of the Market for Network Security in 2017
Figure 19 Power Industry to Hold the Largest Share of the Market for Endpoint Security in 2017
Figure 20 Apac to Dominate the Market for Application Security During the Forecast Period
Figure 21 Power Industry to Hold the Largest Share of the Market for Cloud Security in 2017
Figure 22 North America to Hold the Largest Share of the Market for Wireless Security in 2017
Figure 23 Market for Other Industrial Cybersecurity Types for Transportation Systems Industry to Grow at the Highest Rate During the Forecast Period
Figure 24 Industrial Cybersecurity Market for Gateways to Grow at a Higher Rate During the Forecast Period
Figure 25 Power Industry to Hold the Largest Share of the Industrial Cybersecurity Market for Gateways in 2017
Figure 26 Industrial Ethernet Switches to Dominate the Industrial Cybersecurity Market for Networking Devices By 2023
Figure 27 Industrial Cybersecurity Market for Solutions to Grow at a Higher Rate During the Forecast Period
Figure 28 Market for Identity And Access Management to Grow at the Highest Rate During the Forecast Period
Figure 29 Power Industry to Hold the Largest Share of the Industrial Cybersecurity Market for Solutions in 2017
Figure 30 Professional Services to Hold a Larger Share of the Industrial Cybersecurity Market for Services in 2017
Figure 31 Market for Risk Management Services to Grow at the Highest Rate During the Forecast Period
Figure 32 Industrial Cybersecurity Market for Transportation Systems Industry to Grow at the Highest CAGR During the Forecast Period
Figure 33 North America to Hold the Largest Share of the Industrial Cybersecurity Market for the Power Industry in 2017
Figure 34 North America to Hold the Largest Share of the Industrial Cybersecurity Market for the Energy And Utility Industry in 2017
Figure 35 Market for Industrial Cybersecurity Products for Transportation Systems Industry to Grow at a Higher Rate During the Forecast Period
Figure 36 North America to Hold the Largest Share of the Industrial Cybersecurity Market for the Transportation Systems Industry in 2017
Figure 37 Market for Industrial Cybersecurity Products for Other Industries to Grow at a Higher Rate During the Forecast Period
Figure 38 Industrial Cybersecurity Market in Apac to Grow at the Highest Rate Between 2017 And 2023
Figure 39 Snapshot of the Industrial Cybersecurity Market in North America
Figure 40 Snapshot of the Industrial Cybersecurity Market in Europe
Figure 41 Snapshot of the Industrial Cybersecurity Market in Apac
Figure 42 Snapshot of the Industrial Cybersecurity Market in Row
Figure 43 Companies Adopted Product Launches As Their Key Growth Strategy Between 2014 And 2017
Figure 44 Industrial Cybersecurity Market (Global): Competitive Leadership Mapping, 2017
Figure 45 Battle for Market Share: Partnerships, Collaborations, Alliances, And Joint Ventures Emerged As Key Strategies Adopted By Market Players Between 2014 And 2017
Figure 46 Ibm Corporation: Company Snapshot
Figure 47 Honeywell International Inc.: Company Snapshot
Figure 48 Abb Ltd: Company Snapshot
Figure 49 Cisco Systems, Inc.: Company Snapshot
Figure 50 Schneider Electric: Company Snapshot
Figure 51 Siemens Ag: Company Snapshot
Figure 52 Symantec Corporation: Company Snapshot
Figure 53 Rockwell Automation, Inc.: Company Snapshot

Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Abb Ltd
  • Cisco Systems Inc.
  • Indegy
  • Phoenix Contact (Germany)
  • Securitymatters
  • Startup Ecosystem
  • MORE

The industrial cybersecurity market was valued at USD 12.72 Billion in 2016 and is expected to reach USD 22.79 Billion by 2023, at a CAGR of 8.6% during the forecast period. The growth of the industrial cybersecurity market is driven by the rising governments funding to tackle security breaches and improve industrial cybersecurity, growing number of connected devices, and increasing adoption of IoT in industrial control systems.

Of all the major end-user industries, the power industry held the largest share of the industrial cybersecurity market in 2016. Technological advancements are being carried out in the power industry to increase the production efficiency. The increasing dependence on technologies is making the power sector more prone to cyber threats. These advancements would significantly increase the demand for industrial cybersecurity solutions. Industry players are developing various products for the security of the industrial sector.

The industrial cybersecurity market for the transportation systems industry is expected to grow at a high rate between 2017 and 2023. The growing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems. The increasing dependence of transportation modes on new technologies has led to the exposure of transportation control systems to cyberattacks; this is boosting the demand for cybersecurity solutions.

On the basis of type, the industrial cybersecurity market has been segmented into network security, endpoint security, application security, cloud security, wireless security, and others (database security and web security). Network security held the largest share of the industrial cybersecurity market in 2016. The growth of this market can be attributed to the increasing number of web-based applications and the rising security breaches targeting industrial infrastructure and plant operations, wherein hackers try to gain access to sensitive data.

The industrial cybersecurity market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Of all the regions, North America held the largest share of the industrial cybersecurity market in 2016. The region is an early adopter of innovative technologies and is home to a large number of industrial cybersecurity solution providers. It is also is one of the fastest-growing markets in terms of technological advancements, manufacturing operations, and infrastructure. The market in APAC is expected to grow at the highest rate between 2017 and 2023 owing to the improving IT infrastructure, rising adoption of cloud-based services, and growing trend of industrial automation in the region

One of the major factors restraining the growth of the global industrial cybersecurity market is the high costs of innovation pertaining to cybersecurity. Several organizations consider the cost of innovation pertaining to advanced cybersecurity as a financial constraint, which is limiting the growth of the market.

The companies profiled in this report include International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), McAfee, LLC (US), Symantec Corporation (US), and Kaspersky Lab (Russia). The report also includes profiles of new entrants such as Indegy (Israel), SecurityMatters (Netherlands), CyberX (US), Bayshore Networks, Inc. (US), and Sentryo (France).

Note: Product cover images may vary from those shown
5 of 5
  • Abb Ltd
  • Bayshore Networks Inc.
  • Belden Inc. (Us)
  • Cisco Systems Inc.
  • Cyberx
  • Dell Inc.
  • General Electric Company (Us)
  • Honeywell International Inc.
  • Indegy
  • International Business Machines (Ibm) Corporation (Us)
  • Juniper Networks Inc. (Us)
  • Kaspersky Lab
  • Lanner Electronics Incorporated (Taiwan)
  • Mcafee Llc (Intel Security)
  • Nexdefense Inc (Us)
  • Palo Alto Networks Inc. (Us)
  • Phoenix Contact (Germany)
  • Rockwell Automation Inc.
  • Schneider Electric
  • Securitymatters
  • Sentryo
  • Siemens Ag
  • Startup Ecosystem
  • Symantec Corporation
  • Thales Group (France)
  • Trend Micro Incorporated (Japan)
  • Westermo (Sweden)
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll