Industrial Cybersecurity Solution Market Definition
Industrial cybersecurity is a highly growing and dynamic area of concern including the industrial control systems, network security, the hardware, and the network solutions which are designed for the secured operation of machines and plants in the industries. The global industrial cybersecurity market is prognosticated to gain impetus due to the rising incidence of cybercrimes across discrete and process management industries. The expansion of the global industrial cybersecurity market could be a result of the increase in internet penetration in different parts of the world. The rise in demand for industrial cybersecurity in other end-use industries, viz. automotive, oil and gas, aerospace and defense, and energy and power is expected to push the growth of the global market.
The market study is broken down by Type (Antivirus, Firewall [Proxy Firewall, Packet Filtering Firewall, Stateful Inspection Firewall, Next-Generation Firewall (NGFW)], SCADA Encryption, Data Loss Prevention (DLP), Security Information and Event Management (SIEM), Intrusion Detection Systems/Intrusion Prevention Systems, Identity and Access Management (IAM), Unified Threat Management (UTM), Distributed Denial of Service (DDoS) and Others), by Application (Energy & Utilities, Transportation Systems, Chemical and Manufacturing and Others) and major geographies with country level splits. According to AMA, the Global Industrial Cybersecurity Solution market is expected to see growth rate of 9.2% and may see market size of USD29.37 Billion by 2025.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Industrial Cybersecurity Solution market throughout the predicted period.
International Business Machines (IBM) Corporation (United States), Honeywell International Inc. (United States), ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Schneider Electric (France), Rockwell Automation, Inc. (United States), Dell Inc. (United States), McAfee, LLC (United States), Dell (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Symantec Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Industrial Cybersecurity Solution market by Type, Application and Region.
On the basis of geography, the market of Industrial Cybersecurity Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User Industry, the sub-segment i.e. Process Industries will boost the Industrial Cybersecurity Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security Layer, the sub-segment i.e. Network Security will boost the Industrial Cybersecurity Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware Solutions will boost the Industrial Cybersecurity Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the Number of Connected Devices and Increasing Adoption of IoT in Industrial Control Systems
- Government Funding to Improve Cybersecurity of Industrial Environment
- Rising Cyberattacks on Industrial Control Systems
- Government Organizationsí Support to Secure Industrial Control Systems
- Inter Sale of Industrial Cybersecurity Solution Among ICS Vendors
- High Costs of Innovation Pertaining to Cybersecurity
- Lack of Collaboration Between Public and Private Sectors
- Lack of Awareness About Cybersecurity
Key Target AudienceRaw Material and Manufacturing Equipment Suppliers, Semiconductor Wafer Vendors, Fabless Players, Foundry Players, Original Equipment Manufacturers (OEMs) and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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