Global Industrial Cybersecurity Market to 2030 - Increasing Demand for Cybersecurity Solutions Amidst Rising Cyber Threats

DUBLIN, Aug. 8, 2023 /PRNewswire/ -- The "Industrial Cybersecurity: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Industrial Cybersecurity estimated at US$17.1 Billion in the year 2022, is projected to reach a revised size of US$29.7 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$12.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 10.1% CAGR

The Industrial Cybersecurity market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Select Competitors (Total 98 Featured) -

• ABB Group
• Bayshore Networks, Inc.
• Cisco Systems, Inc.
• Forescout Technologies, Inc.
• Honeywell International, Inc.
• IBM Corporation
• Kaspersky Lab
• McAfee LLC
• Microsoft Corporation
• Rockwell Automation, Inc.
• Schneider Electric S.A.
• Tenable, Inc.
• Toshiba Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Industrial Cybersecurity - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of COVID-19 Pandemic and Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Shift towards Digital Technologies Enhances Prospects for Cybersecurity Technologies & Solutions
• Global Cybersecurity Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
• COVID-19 Outbreak Heightens Cyber Risk for Industrial Control Systems, Driving Need for Cybersecurity Solutions
• Cybersecurity Breaches Related to COVID-19 Outbreak during the Period Jan-Apr 2020
• Impact of Pandemic on Businesses: % of Companies Affected by the COVID-19 Crisis
• Potential Threats to Industrial Facilities during the Pandemic
• An Introduction to Industrial Cybersecurity
• Global Market Prospects & Outlook
• Application Security Segment Poised for High Growth
• Power Industry Emerges as the Largest End-Use Market
• Developed Regions Lead the Global Industrial Cybersecurity Market
• Competition
• Industrial Cybersecurity Competitor Market Share Scenario Worldwide (in %): 2020E
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Notable Trends in Industrial Cybersecurity Market
• Increasing Threats of Cyberattacks on Industrial Control Systems Fuels Market Growth
• COVID-19 Pandemic Increases Cyberattacks on Industrial Systems: % of Industrial Control System Computers Attacked by Cyber Criminals by Region for 2020
• Security Threats Facing Industrial Companies: Percentage of Companies Identifying Security as Major Concern for Industrial Systems
• Rising Threat of Malicious Emails: Proportion of Users Targeted with Malicious Emails by Industry Per Year for 2019
• Cybersecurity Challenges in Large-Scale Industries
• Market Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in Industries
• Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
• Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
• Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019
• Rapid Growth in Number of Connected Devices and Increasing IoT Adoption in Industrial Control Systems Enhance Need for Effective Cybersecurity Solutions
• Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
• Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025
• Industrial Control Systems Cybersecurity Continues to Gain Prominence
• Leading Sources of ICS Computer Attacks
• Poor Security Measures Primarily Responsible for Most ICS Cyberattacks
• Could Automation in ICS Security Combat Cyberattacks
• IT-OT Convergence Exposes Networks to Targeted Attacks, Necessitating Deployment of Cybersecurity Solutions
• Rising Use of AI Solutions for Industrial Cybersecurity Data
• With 5G Devices Poised for Commercialization, Cybersecurity Assumes Criticality
• 5G Smartphone Sales in Million Units: 2019-2022
• Global Smartphone Subscription Breakdown by Technology for 2019 and 2025
• Rising Threat of Disruptionware Attacks on Industrial Systems
• With Windows 7 Reaching End of Life in 2020, Industrial Systems with Outdated OS Vulnerable to Cyberattacks
• Amidst Rapidly Changing and Evolving Cyber Threats, Energy Sector Adopts Cybersecurity Solutions to Enhance Security
• COVID-19-Led Digitalization Trend Drives Need for Robust Cybersecurity Measures in Energy Sector
• As a Prime Target for Cyber Criminals, Power Sector Witnesses High Demand for Cybersecurity Solutions
• Digitalization of Coal Power Plants Presents Opportunity for Cybersecurity Market: Number of Existing Coal Plants and New Planned Coal Plants by Select Country/Region for 2019
• Threat of Cyberattacks on the US Electric Power Sector: Assessing the Impact of Attacks by Various Actors for Power Utilities
• Evolution of Cyberattacks on Industrial Control Systems in Power Sector: A Historical Timeline
• IT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing Industry
• Chemical Processing Industry at High Risk of Cyber Crimes, Driving Need for Cybersecurity Solutions
• With Transportation Systems Worldwide Facing High Risk of Cyberattacks, the Need for Effective Cybersecurity Solutions Grows
• Rising Risk of Cyber Threats in Auto Industry: An Opportunity for Cybersecurity Vendors
• As Threat of Cyberattacks on Industrial HazMat Safety Grows, Cybersecurity Comes into the Spotlight
• Rising Threat of Cyberattacks Raises Importance of Cybersecurity in Oil & Gas Industry
• Healthcare Networks Confront Growing Threat of Cyberattacks
• Pandemic Highlights the Imperative Need for Cybersecurity Solutions in Healthcare Industry
• Increased Government Funding to Address Cybersecurity Breaches Supports Industrial Cybersecurity Market
• Budget Allocations for Cybersecurity by the US Government for the Years FY2017 to FY2020
• Emergence of Cyber-Physical Attacks on Critical Infrastructure Raises Importance of Cybersecurity
• Outsourcing of Cybersecurity Operations Enhances Effectiveness and Value of Security Measures
• Threat of Cybersecurity Breaches: A Growing Concern for Small Manufacturers
• Shift towards Smart Factories and the Potential Risk of Cyberattacks Fuels Importance of Cybersecurity for Intelligent Factories
• Global Smart Factory Market Revenues in US$ Billion by Region/Country for the Years 2018 and 2024
• Cyberattacks on Industrial Sector Become Increasingly Destructive
• As SCADA Assumes Significance in Critical Infrastructure, Cybersecurity Concerns Come into Spotlight
• Industrial Cybersecurity as a Service (ICSaaS): The Future of Industrial Cybersecurity
• Internet Opens Up a Range of Online Security Issues for Industries, Bringing to Light the Importance of Cybersecurity
• World Internet Penetration Rate (in %) by Geographic Region: February 2021
• Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
• Transforming Industrial Digital Capabilities Necessitate Adoption of New Industrial Cybersecurity Strategies
• Compliance with Government Regulations Drives Adoption of Industrial Cybersecurity Solutions
• Innovative Solutions Transform Industrial Cybersecurity Market
• Industrial Cybersecurity Vs Traditional Cybersecurity
• Cybersecurity Standards and Frameworks: Pivotal Role in Implementation of Effective Cybersecurity in Industrial Facilities
• Challenges Facing Industrial Cybersecurity Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nai03e

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