Global Industrial Cyber Security Solution Market Overview:
Industrial cybersecurity solution deals with the security standards and security controls allowing the industrial settings and environment to perform wth best security practices while identifying the breaches and potential virus threats harming te operations. There are types of cyber securities provided in industrial operations such as cloud security, network security, application security, endpoint security, wireless security, and others.
- Growing Digital Transformation in Various Industrial Operation
- Need for Productivity and Safety from Viruses which can Lead to Slow Down of Computers
- Stringent Regulatory Compliances with Industrial Cyber Security Solution
- Surging Demand for the Industrial Activities Like Power and Energy Utilities in the Developing Regions will Boost the Industrial Cyber Security Solution Market
- High-Cost Investment in the Industrial Cyber Security Solution Infrastructure Setup
Some of the key players profiled in the report are Honeywell (United States), Kaspersky Lab (Russia), Rockwell Automation, Inc. (United States), Schneider Electric SE (France), Cisco Systems, Inc. (United States), ABB Ltd (Switzerland), IBM (United States), McAfee Corp. (United States), Maverick Technologies (United States), Siemens AG (Germany), Deloitte Touche Tohmatsu Limited (United Kingdom) and SynSaber (Sweden). Considering Market by Solution, the sub-segment i.e. System will boost the Industrial Cyber Security Solution market.
Latest Market Insights:
On 3rd August 2021, Deloitte Risk & Financial Advisory announced its acquisition of the industrial cybersecurity business (aeCyberSolutions) from Greenville, S.C.-based Applied Engineering Solutions, Inc. (aeSolutions). The deal will bolster Deloitte’s existing cybersecurity offerings with the aeCyberSolutions business’ well-tested frameworks, methodologies, and technology-enabled tools for industrial control systems / operational technology (ICS/OT) security. The deal will also bring aeCyberSolutions’ professionals, who have deep experience in industrial sector standards development and risk advisory services.
"The UN Economic Commission for Europe’s Common Regulatory Framework on Cybersecurity has integrated ISA/IEC 62443, and the U.S. NIST SP 800-82 has been aligned with it. As mentioned, there are many industry-specific standards created to protect critical infrastructure such as the electricity network. For example, the U.S. Energy Department has developed standards based on ISA/IEC 62443 in collaboration with the U.S. Cybersecurity and Infrastructure Security Agency (CISA). Keen to highlight best practices, the organization has published its recommendations in an infographic."
What Can be Explored with the Industrial Cyber Security Solution Market Study Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Industrial Cyber Security Solution Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Industrial Cyber Security Solution
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Industrial Cyber Security Solution market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Industrial Cyber Security Solution market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Cyber Security Solution Developers, Industrial Cyber Security Solution Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):
1. What is the growth rate predicted for the Global Industrial Cyber Security Solution Market?
The Industrial Cyber Security Solution market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Industrial Cyber Security Solution Market?
Top performing companies in the Global Industrial Cyber Security Solution market are Honeywell (United States), Kaspersky Lab (Russia), Rockwell Automation, Inc. (United States), Schneider Electric SE (France), Cisco Systems, Inc. (United States), ABB Ltd (Switzerland), IBM (United States), McAfee Corp. (United States), Maverick Technologies (United States), Siemens AG (Germany), Deloitte Touche Tohmatsu Limited (United Kingdom) and SynSaber (Sweden), to name a few.
3. What trending factors would impact Industrial Cyber Security Solution Market growth most?
"Increasing Use of Software Solutions for the Industrial Cyber Security with Integrated Features to Enhance the Safety" is seen as one of major influencing trends for Industrial Cyber Security Solution Market during projected period 2020-2026.