Press Release / Technology / Industrial Cyber Security Market Overview, Growth, Opportunities and Development 2023

Industrial Cyber Security Market Overview, Growth, Opportunities and Development 2023

Market Highlights:

The market of Industrial Cyber security can be broken down to products, solutions, industries, organization size and by the region. On the basis of the components, the cyber security market is divided into Gateways, Routers and Ethernet switches. Out of these, Routers and Ethernet switches holds the largest market share of the product industrial cyber security market. This is majorly due the breaches in the security targeting the infrastructure of the industries and the operation process of plants to get the sensitive data. Also, with the advancements in the connected systems, internet penetration and IIoT, usage of gateways results in the growth of cyber security market.

Many government organizations are raising funds to tackle the situation of security breaches and increase in the web based application for a more number of connected devices for easier and safer transmission of data over the secured networks. On the basis of industries, Transportation industry is prone to cyber threats due to increase in the Whole connected systems rather than standalone systems followed by power grid.

Industrial cyber security is a highly growing and dynamic area of concern including the industrial control systems, network security, the hardware and the network solutions which is designed for the secured operation of machines and plants in the industries. It manages, monitors and look up to everything connected centrally and operated by machines like robotics, power plants and other energy related systems.

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Major Key Players

IBM Corporation (US),
Honeywell International Inc (US),
ABB ltd (Switzerland),
Cisco Systems,
Schneider Electric (France),
Rockwell Automation (US),
Dell Inc,
Bayshore Networks (US)
Kaspersky labs (Russia).
According to MRFR, The Industrial Cyber Security market is expected to reach approximately 24.41 USD billion by the end of 2023 with 10.97 % CAGR during the forecasted period from 2017 – 2023.

Regional Analysis

The Cyber Security market growth is higher in North America in the terms of advancements in technology, manufacturing process operations and industrial infrastructure. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. Also, Asia – pacific is following the lead because of increasing opportunities in emerging countries of Middle East, their adoption towards cloud services and inclination to industrial automation.

Many government organizations are raising funds to tackle the situation of security breaches and increase in the web based application for a more number of connected devices for easier and safer transmission of data over the secured networks. On the basis of industries, Transportation industry is prone to cyber threats due to increase in the Whole connected systems rather than standalone systems followed by power grid.

Industrial cyber security is a highly growing and dynamic area of concern including the industrial control systems, network security, the hardware and the network solutions which is designed for the secured operation of machines and plants in the industries. It manages, monitors and look up to everything connected centrally and operated by machines like robotics, power plants and other energy related systems.

Segments

For the purpose of this study, Market Research Future has segmented the market of Industrial Cyber Security into product, solutions, industries, organization size and region.

Product

Gateway
Router
Ethernet Switches
Solutions

Antivirus
Firewall
DDos
Data Loss Prevention (DLP)
SCADA
Organization Size

Large
SME’s
Industries

Manufacturing
Transportation
Power grid
Oil & Gas
Region

North America
Europe
Asia pacific
Rest of the world.
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Intended Audience

Device manufacturers
Network Operators
Network Security providers
Distributors
Suppliers
Research firms
Software Developers
IT enablers
Vendors
Government
Vendors
LIST OF TABLES

TABLE 1 INDUSTRIAL CYBER SECURITY MARKET, BY PRODUCT

TABLE 2 INDUSTRIAL CYBER SECURITY MARKET, BY SOLUTIONS

TABLE 3 INDUSTRIAL CYBER SECURITY MARKET, BY INDUSTRIES

TABLE 4 INDUSTRIAL CYBER SECURITY MARKET, BY REGION

TABLE 5 NORTH AMERICA INDUSTRIAL CYBER SECURITY MARKET, BY PRODUCT

TABLE 6 NORTH AMERICA INDUSTRIAL CYBER SECURITY MARKET, BY SOLUTIONS

Continued………

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 INDUSTRIAL CYBER SECURITY MARKET, BY PRODUCT (%)

FIGURE 3 INDUSTRIAL CYBER SECURITY MARKET, BY SOLUTIONS (%)

FIGURE 5 INDUSTRIAL CYBER SECURITY MARKET, BY INDUSTRIES (%)

FIGURE 6 INDUSTRIAL CYBER SECURITY MARKET, BY REGION (%)

Continued………

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