Industry Background:
Industrial cybersecurity is a highly growing and dynamic area of concern including the industrial control systems, network security, the hardware, and the network solutions which are designed for the secured operation of machines and plants in the industries. The global industrial cybersecurity market is prognosticated to gain impetus due to the rising incidence of cybercrimes across discrete and process management industries. The expansion of the global industrial cybersecurity market could be a result of the increase in internet penetration in different parts of the world. The rise in demand for industrial cybersecurity in other end-use industries, viz. automotive, oil and gas, aerospace and defense, and energy and power is expected to push the growth of the global market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | International Business Machines (IBM) Corporation (United States), Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Schneider Electric (France), Rockwell Automation, Inc. (United States), Dell Inc. (United States), McAfee, LLC (United States), Dell (United States) and Siemens AG (Germany) |
According to AMA, the market for Industrial Cybersecurity Solution is expected to register a CAGR of 9.2% during the forecast period to 2027. This growth is primarily driven by Government Funding to Improve Cybersecurity of Industrial Environment and Rising Cyberattacks on Industrial Control Systems.
Globally, a noticeable market trend is evident Growth in the Number of Connected Devices and Increasing Adoption of IoT in Industrial Control Systems The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as International Business Machines (IBM) Corporation (United States), Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Schneider Electric (France), Rockwell Automation, Inc. (United States), Dell Inc. (United States), McAfee, LLC (United States), Dell (United States) and Siemens AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Growth in the Number of Connected Devices and Increasing Adoption of IoT in Industrial Control Systems
Market Growth Drivers:
Government Funding to Improve Cybersecurity of Industrial Environment and Rising Cyberattacks on Industrial Control Systems
Challenges:
Lack of Collaboration Between Public and Private Sectors and Lack of Awareness About Cybersecurity
Restraints:
High Costs of Innovation Pertaining to Cybersecurity
Opportunities:
Government Organizations’ Support to Secure Industrial Control Systems and Inter Sale of Industrial Cybersecurity Solution Among ICS Vendors
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Industrial Cybersecurity Solution Market
- Analysis about New Entrants in Industrial Cybersecurity Solution Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Industrial Cybersecurity Solution Study Sheds Light on
The Industrial Cybersecurity Solution Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Cybersecurity Solution industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Cybersecurity Solution industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.