$49.5+ Billion Industrial Cybersecurity Market by Component, Security Type, & End User – Global Forecasts to 2030: Growing Need for Cloud-based Security Solutions Among SMEs – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Industrial Cybersecurity Market by Component, Security Type, End User – Global Forecasts to 2030” report has been added to ResearchAndMarkets.com’s offering.

The global industrial cybersecurity market is expected to reach $49.53 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.

The solutions segment is projected to grow at the highest CAGR during the forecast period.

Increasing concerns regarding data security and privacy and the consistent efforts by shareholders in the industrial sector to improve efficiency, reduce costs, and increase security are expected to drive market growth.

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.

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.

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.

Geographic Review:

Asia-Pacific is projected to grow at the highest CAGR during the forecast period.

The growth of this segment is driven by the high penetration of connected devices in the industrial sector, the advent of Industry 4.0, the growing adoption of cloud-based solutions, and increasing cyberattacks in Asia-Pacific.

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 from 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 of the market do they hold?
• Who are the major players in various countries, and what shares of the market 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 global industrial cybersecurity market?
• What are the geographical 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?

Market Dynamics

Drivers

• Emergence of Disruptive Digital Technologies
• Increasing Frequency & Sophistication of Cyberattacks

Restraints

• Shortage of Trained Professionals

Opportunities

• Growing Need for Cloud-based Security Solutions Among SMEs
• Increasing Use of Artificial Intelligence, Machines Learning, and Blockchain Technologies for Cyber Defense

Challenges

• Increasing Use of Mobile Devices as an Attack Vector
• Vulnerability Issues with IoT Devices

Trends

• Technology Trends: Industrial Cybersecurity as-a-Services
• Market Trends: Consistent Rising Adoption of Cloud Technologies

Regulatory Analysis

Case Studies

Company Profiles

• 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.)
• RSA Security LLC (U.S.).

Scope of the Report:

Market by Component

• Solutions
• Encryption
• Data Loss Prevention
• Unified Threat Management
• Firewalls
• Antivirus/Antimalware
• Intrusion Detection/Prevention System
• Security & Vulnerability Management
• Disaster Recovery
• Web Filtering
• Identity & Access Management
• Risk & Compliance Management
• DDS Management
• Services
• Professional Services
• Managed Services

Market by Security Type

• Network Security
• Application Security
• Cloud Security
• Endpoint Security
• Other Security Types

Market by Deployment Mode

• On-premise Deployment
• Cloud-based Deployment

Market by End User

• Industrial Manufacturing
• Automotive
• Aerospace & Defense
• Electronics & Electrical
• Chemicals
• Heavy Metals & Machinery
• FMCG
• Other Manufacturing Industries
• Energy & Utilities
• Transportation & Logistics
• Other End Users

Market by Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• South Korea
• India
• Japan
• Taiwan
• Singapore
• Rest of Asia-Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• Israel
• UAE
• Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/vuhks5

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