By 2030, Industrial Cybersecurity Industry Will Be Worth $49.53 Billion

Rajul123

posted on 2 months ago — updated on 1 second ago

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The Industrial Cybersecurity Market encompasses various fields, including Cybersecurity, Network Security, Cloud Security, Cloud Computing, Endpoint Security, Threat Management, and Industrial Cybersecurity.

Meticulous Research® has published a new report titled “Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics), and Geography—Global Forecasts to 2030.”

Download PDF Brochure @ https://www.meticulousresearch.com/download-sample-report/cp_id=5316

According to the report, the global industrial cybersecurity market is forecasted to grow at a compound annual growth rate (CAGR) of 14.8% from 2023 to 2030, reaching a market value of $49.53 billion by 2030. The increasing complexity of cyberattacks, especially those targeting industrial systems, and the rapid adoption of advanced digital technologies are the primary drivers of this growth. The demand for cloud-based cybersecurity solutions is also rising, particularly among small and medium-sized enterprises (SMEs), while AI, blockchain, and machine learning technologies are becoming integral to industrial cybersecurity strategies. Despite this promising growth, a shortage of qualified cybersecurity professionals remains a key challenge for the market.

This report provides a detailed breakdown of the market by component, security type, deployment mode, and end user, and includes insights at both the regional and national levels.

Component Analysis: The market is divided into solutions and services. In 2023, the solutions segment is expected to dominate the market, capturing a larger share due to increased concerns over data security and privacy within industrial sectors. The solutions segment is also projected to grow at the highest rate throughout the forecast period, driven by the rising demand for more advanced and integrated cybersecurity solutions to safeguard critical infrastructure.

Security Type Breakdown: By security type, the market is segmented into endpoint security, network security, cloud security, application security, and others. In 2023, endpoint security is expected to capture the largest share of the market due to the growing number of connected devices and the need for stronger protection against cyber threats. Additionally, this segment is forecasted to grow at the highest CAGR over the forecast period as industries continue to expand their digital networks.

Deployment Mode Segmentation: The deployment mode is categorized into cloud-based and on-premise solutions. Cloud-based deployments are anticipated to lead the market in 2023, driven by their flexibility, scalability, and lower upfront costs. Cloud-based cybersecurity solutions are particularly attractive to SMEs, which increasingly prioritize affordability and convenience. The cloud-based deployment mode is expected to grow at the fastest pace during the forecast period.

End User Segmentation: The market is further segmented by end user into industrial manufacturing, energy & utilities, transportation & logistics, and others. Industrial manufacturing is expected to hold the largest market share in 2023, driven by increasing demand for real-time monitoring and security solutions across industrial processes. However, the transportation & logistics sector is expected to grow at the highest CAGR as cyber threats to the global supply chain and logistics networks continue to rise.

Regional Breakdown: Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest share of the global industrial cybersecurity market in 2023, driven by government investments in cybersecurity and the adoption of advanced technologies. Meanwhile, the Asia-Pacific region is projected to grow at the highest CAGR, fueled by rapid digital transformation, industrialization, and increasing investments in cybersecurity technologies across industries.

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?