Cybersecurity is the body of processes, technologies, and practices designed to protect devices, network, programs, and data from any type of damage, attack, or unauthorized access. It is also used to safeguard the integrity and availability of data, which are important for safety. Industrial cybersecurity helps in decreasing costs, enhances productivity, and saves energy.

To have an edge over the competition by knowing the market dynamics and current trends of “Industrial Cybersecurity Market”, request for Sample Report here

The factors that are propelling the growth of the global industrial cybersecurity market include the rising incidences of cyberattacks on the industrial control systems majorly due to the implementation of the Industrial Internet of Things (IIoT) in the operations, which is leading to an increase in the cybersecurity risk. In addition, the increasing number of funding by the government to develop a structure required to enhance cybersecurity in the industries all across the world is also a major factor responsible for bolstering the growth of industrial cybersecurity in the market. Moreover, the increasing use of internet and growing use of IT systems has led to a high risk of information security and data privacy, which is further surging the demand for industrial cybersecurity in the market during the forecast period. The factor responsible for hindering the growth of the global industrial cybersecurity market includes the shortage of required framework and funds for the development of cybersecurity solutions and lack of awareness among the industries regarding the need for cybersecurity in the industrial control systems.

For instance, in 2020 the government announced an investment of USD 1.35 billion to strengthen the cybersecurity capabilities of Australia in the next decade. Out of this USD 1.35 billion, USD 35 million will be used to develop a new cyber threat-sharing platform that enables the government and industry to share intelligence about any sort of malicious cyber activity and block the appearing threats in near real-time.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the security type, the network security is anticipated to increase at a higher CAGR during the forecast period owing to the increase in the number of unauthorized network access and rising number of cyberattacks as a result of the use of advanced technologies like Internet of Thigs (IoT), artificial intelligence (AI), and others. In addition, the ability of network security to prevent and analyze the cyber threats in the network-accessible resources and computer networks and the availability of various solutions for network security, which includes antivirus software, firewall, identity and access management, and intrusion detection system among others, which protect the data from several threats, are some other factors driving the market growth of this segment.

Based on the end-user industry, the transportation segment is expected to grow at a higher compound annual growth rate over the forecast period due to the growth in the number of cyberattacks on the transportation system resulting in the theft of data, operations delay, and other such challenges.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, Asia-Pacific is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the high requirement of industrial cybersecurity owing to the increase in the implementation of digital connectivity, along with the lack of awareness related to cybersecurity. In addition, rapid industrialization and the presence of various small and medium-sized enterprises are some other factors providing various growth opportunities in the industrial cybersecurity market during the forecast period.

Various notable players operating in the market include Honeywell International Inc., IBM, Cisco Systems, Inc., ABB, McAfee, LLC, Schneider Electric, Dell, Siemens, Rockwell Automation, Inc., and Fortinet, Inc., among others.

Key Developments: 

• • In 2020, Rockwell Automation, Inc. acquired Kalypso, LP, which is a consulting and software delivery firm that is specialized in the digital evolution of industrial companies. Through this acquisition, the company planned to combine the convergence of enterprise-networks with the capabilities of Kalypso to enhance its ability to adopt the technology and offer an enhanced solution to the customers.
  • In 2020, Cisco Systems, Inc., acquired Exablaze, a manufacturer and designer of advanced network devices. Through this the company aims to enhance the performance and reduce the latency in the networks.

The global industrial cybersecurity market has been segmented on the basis of security type, offering, end-user industry, and region. Based on the security type, the market is segmented into endpoint security, network security, cloud security, application security, wireless security, and others. Based on the offering, the market is segmented into networking devices, gateways, services, and solutions. The networking devices market is further categorized into routers and industrial ethernet switches. The services market is further categorized into managed services and professional services. The professional services segment is further categorized into audit & reporting, Risk Management Services (RMS), and design integration & consulting. The solutions market is further categorized into firewall, antivirus/malware, virtualization security, SCADA encryption, Security Information and Event Management (SIEM), Data Loss Prevention (DLP), Identity and Access Management (IAM), intrusion detection system/intrusion prevention system, Distributed Denial Of Service (DDOS), Unified Threat Management (UTM), and others. Based on the end-user, the market is segmented into utilities, power, chemicals & manufacturing, transportation, and others.

For detailed scope of the “Industrial Cybersecurity Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Industrial Cybersecurity market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Industrial Cybersecurity market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Cybersecurity market?
  • Which security type generated maximum revenues in 2019 and identify the most promising security types during the forecast period?
  • What are the various end-users of the Industrial Cybersecurity market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Security Type, By Offering, By End-User Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., IBM, Cisco Systems, Inc., ABB, McAfee, LLC, Schneider Electric, Dell, Siemens, Rockwell Automation, Inc., and Fortinet, Inc., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial Cybersecurity Market by Security Type

• • Endpoint Security
  • Network Security
  • Cloud Security
  • Application Security
  • Wireless Security
  • Others

Global Industrial Cybersecurity Market by Offering

• • Networking Devices
    • Routers
    • Industrial Ethernet Switches
  • Gateways
  • Services
    • Managed Services
    • Professional Services
      • Audit & Reporting
      • Risk Management Services (RMS)
      • Design Integration & Consulting
    • Solutions
      • Firewall
      • Antivirus/Malware
      • Virtualization Security
      • SCADA Encryption
      • Security Information and Event Management (SIEM)
      • Data Loss Prevention (DLP)
      • Identity and Access Management (IAM)
      • Intrusion Detection System/Intrusion Prevention System
      • Distributed Denial of Service (DDOS)
      • Unified Threat Management (UTM)
      • Others

Global Industrial Cybersecurity Market by End-User Industry

• • Utilities
  • Power
  • Chemicals & Manufacturing
  • Transportation
  • Others

Global Industrial Cybersecurity Market by Region

• • North America Industrial Cybersecurity Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Cybersecurity Market by Security Type
    • North America Industrial Cybersecurity Market by Offering
    • North America Industrial Cybersecurity Market by End-User Industry
    • US Industrial Cybersecurity Market All-Up
    • Canada Industrial Cybersecurity Market All-Up
  • Europe Industrial Cybersecurity Market (Option 2: As a part of the free 25% Customization)
    • Europe Industrial Cybersecurity Market by Security Type
    • Europe Industrial Cybersecurity Market by Offering
    • Europe Industrial Cybersecurity Market by End-User Industry
    • UK Industrial Cybersecurity Market All-Up
    • Germany Industrial Cybersecurity Market All-Up
    • France Industrial Cybersecurity Market All-Up
    • Spain Industrial Cybersecurity Market All-Up
    • Rest of Europe Industrial Cybersecurity Market All-Up
  • Asia-Pacific Industrial Cybersecurity Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Industrial Cybersecurity Market by Security Type
    • Asia-Pacific Industrial Cybersecurity Market by Offering
    • Asia-Pacific Industrial Cybersecurity Market by End-User Industry
    • China Industrial Cybersecurity Market All-Up
    • India Industrial Cybersecurity Market All-Up
    • Japan Industrial Cybersecurity Market All-Up
    • Rest of APAC Industrial Cybersecurity Market All-Up
  • RoW Industrial Cybersecurity Market (Option 4: As a part of the free 25% Customization)
    • RoW Industrial Cybersecurity Market by Security Type
    • RoW Industrial Cybersecurity Market by Offering
    • RoW Industrial Cybersecurity Market by End-User Industry
    • Brazil Industrial Cybersecurity Market All-Up
    • South Africa Industrial Cybersecurity Market All-Up
    • Saudi Arabia Industrial Cybersecurity Market All-Up
    • UAE Industrial Cybersecurity Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Cybersecurity Market All-Up

Major Operating Players in the Industrial Cybersecurity Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • IBM
  • Cisco Systems, Inc.
  • ABB
  • McAfee, LLC
  • Schneider Electric
  • Dell
  • Siemens
  • Rockwell Automation, Inc.
  • Fortinet, Inc.