Industrial Cybersecurity Market Estimated to Surpass $49.53 Billion by 2030
Meticulous Research®, a leading name in market research, recently published a report titled ‘Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics), and Geography—Global Forecast to 2030.’
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According to the latest study from Meticulous Research®, the global industrial cybersecurity market is expected to grow at a CAGR of 14.8% from 2023 to 2030, reaching an estimated $49.53 billion by 2030. The increasing adoption of digital transformation technologies and the growing number of cyberattacks targeting critical infrastructure are key factors propelling market growth. Furthermore, the rising demand for cloud-based security among SMEs and the implementation of AI, ML, and Blockchain technologies in cybersecurity solutions are expected to drive significant market expansion. However, the shortage of qualified cybersecurity professionals may hinder growth.
The report breaks down the market by component, security type, deployment mode, and end user, with an in-depth analysis at the country and regional levels.
Component Breakdown
The market is divided into solutions and services, with the solutions segment expected to account for the largest share in 2023. This growth is driven by increased concerns about data privacy and the growing focus on cyber defense. The solutions segment is also expected to grow at the highest CAGR during the forecast period.
Security Type Breakdown
The market includes network security, application security, cloud security, endpoint security, and other security types. In 2023, endpoint security is projected to dominate the market due to the growing number of connected devices and increased demand for securing enterprise networks. This segment is also expected to grow at the fastest rate during the forecast period.
Deployment Mode Breakdown
The market is categorized into on-premise and cloud-based deployments. By 2023, cloud-based deployment is expected to capture the largest share due to its affordability, scalability, and growing adoption by SMEs. Additionally, this segment is projected to register the fastest growth rate during the forecast period.
End User Breakdown
The market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and other sectors. The industrial manufacturing segment is expected to hold the largest share in 2023, driven by the rising demand for real-time monitoring and the increasing number of cybersecurity incidents. However, the transportation & logistics segment is expected to witness the highest growth during the forecast period.
Geographic Breakdown
Regionally, North America is expected to lead the market in 2023, supported by technological advancements and government initiatives aimed at bolstering industrial cybersecurity. However, the Asia-Pacific region is projected to experience the fastest growth, driven by increasing investments in smart technologies and digital transformation.
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?
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Industrial Cybersecurity Market, Cybersecurity, Network Security, Cloud Security, Cloud computing, Endpoint Security, Threat Management, Industrial Cybersecurity. Information and Communications Technology |