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Global Industrial Cybersecurity Market Size, Trends & Growth Opportunity By Security Type (Network, Application, Endpoint, Wireless, Cloud, and Others), By Offerings (Products, Solutions, and Services), BY End User, By Region, and Forecast till 2027


Report ID : IR100264 | Industries : Energy & Power | Published On :June 2024 | Page Count : 253

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  • Global Industrial Cybersecurity Market Size, Trends & Growth Opportunity By Security Type (Network, Application, Endpoint, Wireless, Cloud, and Others), By Offerings (Products, Solutions, and Services), BY End User, By Region, and Forecast till 2027
    Global Industrial Cybersecurity Market
    Global Industrial Cybersecurity Market was valued at USD 19.17 billion in 2020 which is expected to reach USD 30.85 billion by 2027 at CAGR 6.53%. 
    Cybersecurity is referred as the body of technologies practices, and processes which is specifically designed to protect networks, applications, programs, devices, and data from attack, damage or unauthorized access. Upsurge in incidences of cybercrimes across discrete and process management industries is projected to drive the global industrial Cybersecurity market growth.

    Market Drivers
    The rise in investments by governments across the globe to establish frameworks for improving cybersecurity at industrial environments is the key driving factor which is expected to boost the global industrial cybersecurity market's growth. Nowadays, the critical resources of a country’s economy depend on digital technologies. Cyberattacks can damage plating operations and IT systems by hacking important information using malware, phishing, and spyware. Cyberthreats to utilities and manufacturing plants mostly include brute-force attacks, phishing, and malware. Many governments are increasingly providing funds to handle security breaches and improve industrial cybersecurity. Furthermore, an increase in demand for industrial cybersecurity in other end-use industries like automotive, oil, and gas will positively contribute to market growth. Moreover, an increase in focus on integrating IoT into industrial control system which is expected to propel the global industrial cybersecurity market's growth over the forecast period.
    Market Restraints
    Underestimation of threat levels and misunderstanding of the nature of threats are the major restraining factors that are expected to hamper the global industrial cybersecurity market's growth. Also, lack of awareness about best practises and critically, cybersecurity in industrial control systems will affect the market growth.
    Market segmentation
    Global Industrial Cybersecurity Market is segmented by product type, such as Network, Application, Endpoint, Wireless, Cloud, and Others, by offerings, such as products, solutions, and Services. Further, market is segmented into end user such as Power, Utilities, Transportation, Automotive, Oil & Gas, Manufacturing, and Others. Also, the global industrial cybersecurity market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
    Market Key Players
    Various key players are discussed in this report such as IBM Corporation, Honeywell International, ABB Ltd, Cisco Systems, Siemens, Schneider Electric, Dell Inc, Rockwell Automation, FORTINET, PALO ALTO NETWORKS, and PROOFPOINT.

    Industry development
    In November 2020, CyberArk launched CyberArk Cloud Entitlements Manager, the industry’s first privilege-based, artificial intelligence-powered service designed to strengthen the security of cloud environments. Through continuous monitoring of cloud access, CyberArk enforces least privilege by identifying and removing excessive cloud permissions that can leave organisations vulnerable, significantly reducing risk and improving overall visibility and security.

    Market Taxonomy
    By Security Type

    • Network
    • Application
    • Endpoint
    • Wireless
    • Cloud
    • Others
    By Offerings
    • Products
    • Solutions
    • Services
    By End User
    • Power 
    • Utilities
    • Transportation
    • Automotive
    • Oil & Gas
    • Manufacturing
    • Others
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Industrial Cybersecurity Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?

    Global Industrial Cybersecurity Market TOC:
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Industrial Cybersecurity Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Industrial Cybersecurity Market, By Security Type
    5.1 Y-o-Y Growth Comparison, By Security Type 
    5.2 Global Industrial Cybersecurity Market Share Analysis, By Security Type 
    5.3 Global Industrial Cybersecurity Market Size and Forecast, By Security Type
    5.3.1 Network
    5.3.2. Application
    5.3.3 Endpoint
    5.3.4 Wireless
    5.3.5 Cloud
    5.3.6 Others
    6 Global Industrial Cybersecurity Market, By Offering
    6.1 Y-o-Y Growth Comparison, By Offering
    6.2 Global Industrial Cybersecurity Market Share Analysis, By Offering
    6.3 Global Industrial Cybersecurity Market Size and Forecast, By Offering
    6.3.1 Products
    6.3.2 Solutions
    6.3.3 Services
    7 Global Industrial Cybersecurity Market, By End User
    7.1 Y-o-Y Growth Comparison, By End User
    7.2 Global Industrial Cybersecurity Market Share Analysis, By End User
    7.3 Global Industrial Cybersecurity Market Size and Forecast, By End User
    7.3. 1 Power
    7.3.2. Utilities
    7.3.3. Transportation
    7.3.4. Automotive
    7.3.5. Oil & Gas
    7.3.6 Manufacturing
    7.3.7 Others
    8 Global Industrial Cybersecurity Market, By Region
    8.1 Global Industrial Cybersecurity Market Share Analysis, By Region
    8.2 Global Industrial Cybersecurity Market Share Analysis, By Region
    8.3 Global Industrial Cybersecurity Market Size and Forecast, By Region
    9 North America Industrial Cybersecurity Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Industrial Cybersecurity Market Share Analysis, By Security Type
    9.3 North America Industrial Cybersecurity Market Size and Forecast, By Offering
    9.4 North America Industrial Cybersecurity Market Size and Forecast, By End User
    9.5 North America Industrial Cybersecurity Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Industrial Cybersecurity Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Industrial Cybersecurity Market Share Analysis, By Security Type 
    10.3 Europe Industrial Cybersecurity Market Size and Forecast, By Offering 
    10.4 Europe Industrial Cybersecurity Market Size and Forecast, By End User
    10.5 Europe Industrial Cybersecurity Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11 Asia Pacific Industrial Cybersecurity Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Industrial Cybersecurity Market Share Analysis, By Security Type 
    11.3 Asia Pacific Industrial Cybersecurity Market Size and Forecast, By Offering 
    11.4 Asia Pacific Industrial Cybersecurity Market Size and Forecast, By End User
    11.5 Asia Pacific Industrial Cybersecurity Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Industrial Cybersecurity Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Industrial Cybersecurity Market Share Analysis, By Security Type 
    12.3 Latin America Industrial Cybersecurity Market Size and Forecast, By Offering 
    12.4 Latin America Industrial Cybersecurity Market Size and Forecast, By End User
    12.5 Latin America Industrial Cybersecurity Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Industrial Cybersecurity Market Analysis and Forecast (2022-2027)
    13.1 Introduction
     13.2 Middle East Industrial Cybersecurity Market Share Analysis, By Security Type 
    13.3 Middle East Industrial Cybersecurity Market Size and Forecast, By Offering 
    13.4 Middle East Industrial Cybersecurity Market Size and Forecast, By End User
    13.5 Middle East Industrial Cybersecurity Market Size and Forecast, By Country
    13.5.1. Saudi Arabia
    13.5.2. UAE
    13.5.3. Egypt
    13.5.4. Kuwait
    13.5.5. South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 IBM Corporation
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. Honeywell International
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. ABB Ltd
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Cisco Systems
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Siemens