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Industrial Cyber Security Market 2019 Size, Global Industry Analysis, Business Growth, Regional Applications, Development Status by Major Key vendors and Trends by Forecast to 2023

Feb 08, 2019 (AB Digital via COMTEX) --

Market Highlights:

The Industrial Cyber Security market is projected to reach approximately 24.41 USD billion with 10.97% CAGR during the forecasted period of 2017– 2023. Industrial cyber security solutions are designed to safeguard industrial environments from cyber threats. Industrial cyber security market is a highly dynamic area of concern. It includes the software and hardware solutions, industrial control systems, and network security. These cyber security solutions deal with secured operation of machines and plants in industries.

Growing adoption of Internet of Things (IoT) in industrial control systems; Increasing adoption of cloud security solutions; rising number of cyber-crime related incidents in different end-use industries such as aerospace and defense, oil and gas, and automotive sector; along with rise in internet penetration globally has led to the augmentation of the cyber security market. Furthermore, rise in Bring your own Device (BYOD) applications is one of the main factors responsible for the market growth over the forecast period. 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.

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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………

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/industrial-cyber-security-market-4408



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