DUBLIN, Aug. 8, 2023 /PRNewswire/ — The “Industrial Cybersecurity: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Industrial Cybersecurity estimated at US$17.1 Billion in the year 2022, is projected to reach a revised size of US$29.7 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030.
Services, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$12.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 10.1% CAGR
The Industrial Cybersecurity market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Select Competitors (Total 98 Featured) –
ABB GroupBayshore Networks, Inc.Cisco Systems, Inc.Forescout Technologies, Inc.Honeywell International, Inc.IBM CorporationKaspersky LabMcAfee LLCMicrosoft CorporationRockwell Automation, Inc.Schneider Electric S.A.Tenable, Inc.Toshiba Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Industrial Cybersecurity – Global Key Competitors Percentage Market Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)Impact of COVID-19 Pandemic and Looming Global Recession2020 Marked as a Year of Disruption & TransformationWorld Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022Shift towards Digital Technologies Enhances Prospects for Cybersecurity Technologies & SolutionsGlobal Cybersecurity Market Reset & Trajectory – Growth Outlook (In %) for Years 2019 through 2025COVID-19 Outbreak Heightens Cyber Risk for Industrial Control Systems, Driving Need for Cybersecurity SolutionsCybersecurity Breaches Related to COVID-19 Outbreak during the Period Jan-Apr 2020Impact of Pandemic on Businesses: % of Companies Affected by the COVID-19 CrisisPotential Threats to Industrial Facilities during the PandemicAn Introduction to Industrial CybersecurityGlobal Market Prospects & OutlookApplication Security Segment Poised for High GrowthPower Industry Emerges as the Largest End-Use MarketDeveloped Regions Lead the Global Industrial Cybersecurity MarketCompetitionIndustrial Cybersecurity Competitor Market Share Scenario Worldwide (in %): 2020ERecent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Notable Trends in Industrial Cybersecurity MarketIncreasing Threats of Cyberattacks on Industrial Control Systems Fuels Market GrowthCOVID-19 Pandemic Increases Cyberattacks on Industrial Systems: % of Industrial Control System Computers Attacked by Cyber Criminals by Region for 2020Security Threats Facing Industrial Companies: Percentage of Companies Identifying Security as Major Concern for Industrial SystemsRising Threat of Malicious Emails: Proportion of Users Targeted with Malicious Emails by Industry Per Year for 2019Cybersecurity Challenges in Large-Scale IndustriesMarket Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in IndustriesThreat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 PandemicAverage Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019Rapid Growth in Number of Connected Devices and Increasing IoT Adoption in Industrial Control Systems Enhance Need for Effective Cybersecurity SolutionsGlobal IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025Industrial Control Systems Cybersecurity Continues to Gain ProminenceLeading Sources of ICS Computer AttacksPoor Security Measures Primarily Responsible for Most ICS CyberattacksCould Automation in ICS Security Combat CyberattacksIT-OT Convergence Exposes Networks to Targeted Attacks, Necessitating Deployment of Cybersecurity SolutionsRising Use of AI Solutions for Industrial Cybersecurity DataWith 5G Devices Poised for Commercialization, Cybersecurity Assumes Criticality5G Smartphone Sales in Million Units: 2019-2022Global Smartphone Subscription Breakdown by Technology for 2019 and 2025Rising Threat of Disruptionware Attacks on Industrial SystemsWith Windows 7 Reaching End of Life in 2020, Industrial Systems with Outdated OS Vulnerable to CyberattacksAmidst Rapidly Changing and Evolving Cyber Threats, Energy Sector Adopts Cybersecurity Solutions to Enhance SecurityCOVID-19-Led Digitalization Trend Drives Need for Robust Cybersecurity Measures in Energy SectorAs a Prime Target for Cyber Criminals, Power Sector Witnesses High Demand for Cybersecurity SolutionsDigitalization of Coal Power Plants Presents Opportunity for Cybersecurity Market: Number of Existing Coal Plants and New Planned Coal Plants by Select Country/Region for 2019Threat of Cyberattacks on the US Electric Power Sector: Assessing the Impact of Attacks by Various Actors for Power UtilitiesEvolution of Cyberattacks on Industrial Control Systems in Power Sector: A Historical TimelineIT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing IndustryChemical Processing Industry at High Risk of Cyber Crimes, Driving Need for Cybersecurity SolutionsWith Transportation Systems Worldwide Facing High Risk of Cyberattacks, the Need for Effective Cybersecurity Solutions GrowsRising Risk of Cyber Threats in Auto Industry: An Opportunity for Cybersecurity VendorsAs Threat of Cyberattacks on Industrial HazMat Safety Grows, Cybersecurity Comes into the SpotlightRising Threat of Cyberattacks Raises Importance of Cybersecurity in Oil & Gas IndustryHealthcare Networks Confront Growing Threat of CyberattacksPandemic Highlights the Imperative Need for Cybersecurity Solutions in Healthcare IndustryIncreased Government Funding to Address Cybersecurity Breaches Supports Industrial Cybersecurity MarketBudget Allocations for Cybersecurity by the US Government for the Years FY2017 to FY2020Emergence of Cyber-Physical Attacks on Critical Infrastructure Raises Importance of CybersecurityOutsourcing of Cybersecurity Operations Enhances Effectiveness and Value of Security MeasuresThreat of Cybersecurity Breaches: A Growing Concern for Small ManufacturersShift towards Smart Factories and the Potential Risk of Cyberattacks Fuels Importance of Cybersecurity for Intelligent FactoriesGlobal Smart Factory Market Revenues in US$ Billion by Region/Country for the Years 2018 and 2024Cyberattacks on Industrial Sector Become Increasingly DestructiveAs SCADA Assumes Significance in Critical Infrastructure, Cybersecurity Concerns Come into SpotlightIndustrial Cybersecurity as a Service (ICSaaS): The Future of Industrial CybersecurityInternet Opens Up a Range of Online Security Issues for Industries, Bringing to Light the Importance of CybersecurityWorld Internet Penetration Rate (in %) by Geographic Region: February 2021Number of Internet Users Worldwide (in Billions) for the Years 2011-2019Transforming Industrial Digital Capabilities Necessitate Adoption of New Industrial Cybersecurity StrategiesCompliance with Government Regulations Drives Adoption of Industrial Cybersecurity SolutionsInnovative Solutions Transform Industrial Cybersecurity MarketIndustrial Cybersecurity Vs Traditional CybersecurityCybersecurity Standards and Frameworks: Pivotal Role in Implementation of Effective Cybersecurity in Industrial FacilitiesChallenges Facing Industrial Cybersecurity Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nai03e
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