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.
Industries are the backbone of a nations’ economy and the loss suffered by industries as a result of industrial cyber-attacks would be reflected on the economy of the country, thereby pulling governments attention to invest in the industrial cybersecurity to ensure the safety of the industrial operations.
High cost involved in doing innovations in industrial cyber security may restrict the growth of the market in the forecast period.
Asia Pacific is expected to be the highest growing region in the forecast period. The market in this region is projected to grow at a CAGR of 8.7% in the forecast period. Rise in industrialization and a boom in automation in countries like China and India would play a crucial role in the growth of the industrial cybersecurity market in this region.
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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.
The Global Industrial Cybersecurityment 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 Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Industrial Cybersecurityment market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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