Industrial Cybersecurity Market Share & Future Growth, Trends, By Industry, By Product, And Segment Forecast to 2026 | IBM Corporation, ABB Ltd, Siemens AG, etc.

Surge in adoption of IoT devices in industrial control systems is likely to stimulate demand.

Market Size – USD 161 billion in 2018, Market Growth – CAGR of 8.5%, Market Trends – Investment by governments to deter industrial cyber-attacks.

The global industrial cybersecurity market is expected to reach USD 306 billion by 2026, according to a new report by Reports and Data. An upsurge in the demand for connected devices in the industries to deploy automation has led to an increase in the online security threats which would play a crucial role in driving the growth of industrial cyber security.

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Industrial Cybersecurity industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are IBM Corporation, ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Siemens AG, Schneider Electric, Dell Inc., Symantec Corporation, Kaspersky Lab and Rockwell Automation Inc.

Further key findings from the report suggest

• SCADA encryption solutions is projected to grow at highest grate of CAGR 8.59% during the forecast period. The encryption of sensitive and confidential data by industries is required to make sure that their internal data information is not getting into the hands of an unauthorized personnel who may make use of the accessed data to the disadvantage of an organization and thus resulting in the organization’s loss.
• The oil and gas industries would have the growth rate of 8.5% in the forecast period. As the industry of oil and gas is attempting to increase its operational efficiency with the help of automation, the risk of cybersecurity has also increased. Information related to exploration of oil and gas, investment information, information on bidding amounts and various other information related with intellectual property may be stolen by means of cyber-attack and make a company lose its competitive advantage
• North America would be the region to hold the largest share of the market and would grow at a rate of CAGR 8.35% during the forecast period. In terms of adoption of latest technological developments North America has always been at forefront and with adoption of machine to machine communication came the threat of industrial cyber-attacks. Further, countries in this region mainly US and Canada are make huge investment to ensure security from industrial cyber threats which in turn, would propel the market for industrial cyber security in this region.

The Global Industrial Cybersecurity Market is segmented as follows:

Product Outlook (Revenue, USD Billion; 2018-2026)

• Ethernet switches
• Gateway
• Router

Solutions Outlook (Revenue, USD Billion; 2018-2026)

• Firewall, Antivirus
• DDos
• SCADA Encryption
• Security Information and Event Management (SIEM)
• Unified Threat Management (UTM)
• Data Loss Prevention (DLP)
• Identity and Access Management (IAM)
• Others

Industry Outlook (Revenue, USD Billion; 2018-2026)

• Manufacturing & Chemical
• Oil & Gas
• Transportation
• Power Grid
• Others

Size of Organization Outlook (Revenue, USD Billion; 2018-2026)

• Small & Medium-Sized Enterprise
• Large Enterprise

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Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Industrial Cybersecurity market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.

The Global Industrial Cybersecurity Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.

Key Coverage of the Industrial Cybersecurity Market:

• Insightful information regarding the global Industrial Cybersecurity market
• Identification of growth in various segments and sub-segments of the Industrial Cybersecurity market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Industrial Cybersecurity market to allow the reader to gain a complete understanding of the Global Industrial Cybersecurity Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Industrial Cybersecurity Market.

Global Industrial Cybersecurity Market: Table of Contents

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Industrial Cybersecurity Market Segmentation & Impact Analysis

Continued……….

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