January 31st, 2023 
Meticulous Research Releases
In the digital transformation era, the adoption of advanced technologies for cybersecurity has made adequate progress across different industry verticals. These technologies are changing the game for cybersecurity providers across various industries by providing innovative security technologies to analyze massive quantities of data and increase response time & under-resourced security operations. Several organizations are increasingly implementing cybersecurity solutions & services to understand and reuse threat patterns and identify new threats. They provide wider security solutions and simplify cyberattack recognition and acknowledgment procedures. Thus, there is an increasing demand for cybersecurity solutions in the industrial sector.
Meticulous Research®, in its latest publication on the industrial cybersecurity market, states that the global industrial cybersecurity market will grow at a CAGR of 14.8% from 2023–2030 to reach $49.53 billion by 2030.
The growth of this market is backed by the emergence of disruptive digital technologies and the increasing frequency & sophistication of cyberattacks. However, the increasing use of mobile devices as an attack vector and the vulnerability issues with IoT devices are major challenges for market growth.
To provide efficient analysis, Meticulous Research® has segmented this market based on component (solutions (encryption, data loss prevention, unified threat management, firewalls, antivirus/antimalware, intrusion detection/prevention systems, security & vulnerability management, disaster recovery, web filtering, identity & access management, risk & compliance management, DDS management) services (professional services, managed services)), security type (network security, application security, cloud security, endpoint security, other security types), deployment mode (on-premise deployment, cloud-based deployment), and end user (industrial manufacturing (automotive, aerospace & defense, electronics & electrical, chemicals, heavy metals & machinery, FMCG, other manufacturing industries) energy & utilities, transportation & logistics, other end users). The study also evaluates industry competitors and analyses the market at the country level.
Download Free Report Sample Now : https://www.meticulousresearch.com/download-sample-report/cp_id=5316
Based on geography, North America is expected to account for the largest share of the industrial cybersecurity market in 2023. The large market share of this segment is attributed to the increasing government initiatives, growing advanced technologies in the region, and rising cyber-attacks in the industrial sector. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the high penetration of connected devices in the industrial sector, the advent of Industry 4.0, the growing adoption of cloud-based solutions, and increasing cyberattacks in Asia-Pacific.
Based on end user, the industrial cybersecurity market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and other end users. The industrial manufacturing segment is further sub-segmented into automotive, aerospace & defense, electronics & electrical, chemicals, heavy metals & machinery, FMCG, and other manufacturing industries. In 2023, the industrial manufacturing segment is expected to account for the largest share of the global industrial cybersecurity market. The large market share of this segment is attributed to the rising demand for real-time security monitoring from manufacturers, growing cybersecurity incidents, and the increasing use of smart devices. However, the transportation & logistics segment is expected to grow at a higher CAGR during the forecast period. The growth of this segment is driven by the technological advancements in the transportation sector, increasing sophistication of cyber risk and penetration of data breaches, and the rising need to secure supply chain & logistics systems.
Based on security type, the industrial cybersecurity market is segmented into network security, application security, cloud security, endpoint security, and other security types. In 2023, the endpoint security segment is expected to account for the largest share of the global industrial cybersecurity market. The large share of this segment is mainly attributed to the exponential rise in the number of endpoint devices and rising demand for endpoint security solutions to secure various enterprise networks. Additionally, this segment is expected to register the highest CAGR during the forecast period.
Speak to Analyst : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5316
Based on component, the industrial cybersecurity market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the largest share of the global industrial cybersecurity market. The large market share of this segment is attributed to the increasing concerns regarding data security and privacy and the consistent efforts by shareholders in the industrial sector to improve efficiency, reduce costs, and increase security. Also, the segment is expected to grow at a higher CAGR during the forecast period.
Key Players:
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, including Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).
Key questions answered in the report:
Quick Buy Now: https://www.meticulousresearch.com/Checkout/90285339
Author:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Sign up and submit a press release
Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.