About Industrial Cyber Security Solution
Industrial cybersecurity solution deals with the security standards and security controls allowing the industrial settings and environment to perform wth best security practices while identifying the breaches and potential virus threats harming te operations. There are types of cyber securities provided in industrial operations such as cloud security, network security, application security, endpoint security, wireless security, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell (United States), Kaspersky Lab (Russia), Rockwell Automation, Inc. (United States), Schneider Electric SE (France), Cisco Systems, Inc. (United States), ABB Ltd (Switzerland), IBM (United States), McAfee Corp. (United States), Maverick Technologies (United States), Siemens AG (Germany), Deloitte Touche Tohmatsu Limited (United Kingdom) and SynSaber (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Cyber Security Solution market by Type (Cloud Security, Network Security, Application Security, Endpoint Security, Wireless Security and Others), Application (Power & Energy and Utilities, Transportation Systems, Chemical and Manufacturing and Others) and Region.
On the basis of geography, the market of Industrial Cyber Security Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Solution, the sub-segment i.e. System will boost the Industrial Cyber Security Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Software Solutions for the Industrial Cyber Security with Integrated Features to Enhance the Safety
Market Growth Drivers:
Growing Digital Transformation in Various Industrial Operation and Need for Productivity and Safety from Viruses which can Lead to Slow Down of Computers
Challenges:
High-Cost Investment in the Industrial Cyber Security Solution Infrastructure Setup
Restraints:
Stringent Regulatory Compliances with Industrial Cyber Security Solution
Opportunities:
Surging Demand for the Industrial Activities Like Power and Energy Utilities in the Developing Regions will Boost the Industrial Cyber Security Solution Market
Market Leaders and their expansionary development strategies
In August 2021, Deloitte Risk & Financial Advisory announced its acquisition of the industrial cybersecurity business (aeCyberSolutions) from Greenville, S.C.-based Applied Engineering Solutions, Inc. (aeSolutions). The deal will bolster Deloitte’s existing cybersecurity offerings with the aeCyberSolutions business’ well-tested frameworks, methodologies, and technology-enabled tools for industrial control systems / operational technology (ICS/OT) security. The deal will also bring aeCyberSolutions’ professionals, who have deep experience in industrial sector standards development and risk advisory services.
"The UN Economic Commission for Europe’s Common Regulatory Framework on Cybersecurity has integrated ISA/IEC 62443, and the U.S. NIST SP 800-82 has been aligned with it. As mentioned, there are many industry-specific standards created to protect critical infrastructure such as the electricity network. For example, the U.S. Energy Department has developed standards based on ISA/IEC 62443 in collaboration with the U.S. Cybersecurity and Infrastructure Security Agency (CISA). Keen to highlight best practices, the organization has published its recommendations in an infographic."
Key Target Audience
Industrial Cyber Security Solution Developers, Industrial Cyber Security Solution Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.