Meticulous Research® has released an insightful 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.”
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According to this report, the global industrial cybersecurity market is projected to grow at a compound annual growth rate (CAGR) of 14.8% from 2023 to 2030, reaching a value of $49.53 billion by the end of the forecast period. This rapid growth is attributed to the adoption of emerging digital technologies and the increasing frequency of sophisticated cyberattacks. Furthermore, the need for cloud-based security solutions is on the rise, especially among SMEs, while AI, machine learning, and blockchain are becoming essential tools for strengthening cyber defenses. However, the shortage of skilled professionals in the cybersecurity field remains a notable challenge.
The report provides an in-depth analysis of the market by breaking it down into components, security types, deployment modes, and end users, while also evaluating the competitive landscape at both regional and country levels.
Component Analysis: The market is divided into solutions and services. In 2023, the solutions segment is expected to capture a larger share of the market due to increasing concerns about data security and the need to improve operational efficiency. This segment is also forecasted to grow at the highest rate during the forecast period, as industries invest in more advanced cybersecurity solutions.
Security Type Analysis: In terms of security type, the market is categorized into endpoint security, network security, cloud security, application security, and others. Endpoint security is projected to dominate in 2023, owing to the growing number of devices connected to networks and the rising need to protect them. Additionally, this segment is expected to record the fastest growth during the forecast period.
Deployment Mode Analysis: The deployment mode is divided into on-premise and cloud-based models. The cloud-based deployment segment is forecasted to account for the largest market share in 2023, driven by the scalability and flexibility of cloud solutions, along with the growing adoption of these services by SMEs. The cloud-based segment is also expected to grow at the highest CAGR throughout the forecast period.
End User Analysis: The report segments the market by end user into industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing sector is expected to hold the largest market share in 2023 due to the rising demand for real-time security monitoring in manufacturing processes. However, the transportation & logistics segment is projected to grow at the fastest rate during the forecast period, driven by the increasing threat of cyberattacks on transportation infrastructure and logistics networks.
Geographical Analysis: Regionally, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2023, driven by technological advancements and proactive government measures aimed at enhancing cybersecurity. Meanwhile, the Asia-Pacific region is forecasted to grow at the highest CAGR, fueled by rapid industrialization, increased digitalization, and a growing emphasis on cybersecurity solutions.
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?
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