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The Industrial Cybersecurity Market size was estimated at USD 18.14 billion in 2023, USD 19.34 billion in 2024, and is expected to grow at a CAGR of 6.92% to reach USD 28.99 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Industrial cybersecurity involves a wide range of solutions and services designed to protect IT systems, OT networks, and critical infrastructure assets across various sectors. Key industries include manufacturing, energy & utilities, transportation, chemical & pharmaceuticals, healthcare, and government & defense. The expansion of the industrial cybersecurity market is driven by increasing automation levels across industries, adoption of Industry 4.0 concepts, and growing reliance on interconnected IT-OT systems. Rising awareness about cyber threats posed by insiders, nation-states, and non-state actors, escalating instances of data breaches targeting intellectual property theft, and business disruptions shaping the market growth. However, the industrial cybersecurity market faces challenges such as a significant skills gap due to a lack of professionals with domain expertise in relevant industries and strong technical knowledge of cybersecurity principles. Advancements in artificial intelligence (AI), machine learning (ML), big data analytics, cloud computing, the Industrial IoT, and blockchain technologies present significant opportunities for enhancing industrial security solutions. Integrating these technologies into existing cybersecurity frameworks can help detect anomalies more efficiently and improve system resilience through predictive maintenance strategies.
Regional Insights
In the American region, organizations are increasingly investing in industrial cybersecurity solutions due to growing cyber-attacks on critical infrastructure sectors such as energy, utilities, transportation, and manufacturing industries. The North American Electric Reliability Corporation has set guidelines for Critical Infrastructure Protection (CIP) that drive demand for robust security measures in these sectors. EU countries prioritize industrial cybersecurity with the implementation of regulations like the Network and Information Systems Directive and the General Data Protection Regulation. Similarly, the Middle Eastern market's growth is driven by increased investments in oil & gas infrastructure protection as well as initiatives like Qatar's National Cybersecurity Strategy. In the Asia-Pacific market for industrial cybersecurity, China is rapidly emerging as a global powerhouse with significant investments made toward strengthening its industrial cyber defenses.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Industrial Cybersecurity Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Cybersecurity Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Industrial Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom S.A., Amazon Web Services, Inc., Armis Inc., Baker Hughes Company, Incorporated, Bechtel Corporation, Broadcom Inc., Cisco Systems, Inc., Claroty Ltd., Continental AG, CyberArk Software Ltd., Dell Technologies Inc., Fortinet, Inc., Honeywell International Inc., Industrial Defender, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc., QAwerk, Rockwell Automation, Inc., Schneider Electric SE, ScienceSoft USA Corporation, Siemens AG, and Vumetric Inc.Market Segmentation & Coverage
This research report categorizes the Industrial Cybersecurity Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Hardware
- Services
- Software Solutions
- Security Layer
- Application Security
- Cloud Security
- Endpoint Security
- Network Security
- Wireless Security
- Deployment
- Cloud
- On-premise
- End-User Industry
- Chemical & Manufacturing
- Energy & Utilities
- Transportation System
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Industrial Cybersecurity Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Cybersecurity Market?
- What are the technology trends and regulatory frameworks in the Industrial Cybersecurity Market?
- What is the market share of the leading vendors in the Industrial Cybersecurity Market?
- Which modes and strategic moves are suitable for entering the Industrial Cybersecurity Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Industrial Cybersecurity Market, by Component
7. Industrial Cybersecurity Market, by Security Layer
8. Industrial Cybersecurity Market, by End-User Industry
9. Americas Industrial Cybersecurity Market
10. Asia-Pacific Industrial Cybersecurity Market
11. Europe, Middle East & Africa Industrial Cybersecurity Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Alstom S.A.
- Amazon Web Services, Inc.
- Armis Inc.
- Baker Hughes Company, Incorporated
- Bechtel Corporation
- Broadcom Inc.
- Cisco Systems, Inc.
- Claroty Ltd.
- Continental AG
- CyberArk Software Ltd.
- Dell Technologies Inc.
- Fortinet, Inc.
- Honeywell International Inc.
- Industrial Defender
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Palo Alto Networks, Inc.
- QAwerk
- Rockwell Automation, Inc.
- Schneider Electric SE
- ScienceSoft USA Corporation
- Siemens AG
- Vumetric Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 19.34 Billion |
| Forecasted Market Value ( USD | $ 28.99 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
