Industrial Cyber Security Market Scope
Industrial cyber security is a growing area of concern which includes the industrial control systems, network security, the hardware and the network solutions which is made for the secured operation of plants and machines in the industries. Industrial cyber security helps in managing, monitoring and are connected centrally thereby operates by machines like robotics, power plants and other energy related systems. Further, increasing demand for industrial cyber security in various end-use industries, viz. automotive, aerospace, oil and gas and many others are anticipated to foster the growth of the global market. On the other hand, increasing adoption of IoT in industrial control systems and cloud security solutions can also contribute to the market growth.
The market study is being classified by Type (Gateway, Router and Ethernet Switches), by Application (Power, Energy & Utilities, Transportation Systems, Chemical and Manufacturing and Others) and major geographies with country level break-up.
The Global Cyber Security market is fragmented with several players who are involved in new product launch and strategic collaborations. For instance, April 2019, SecureWorks a leading cybersecurity company that keeps organizations safe in the digitally connected world, announced the launch of a software-as-a-service (SaaS) application that will transform the way companies detect, investigate and respond to cyber threats. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Industrial Cyber Security market throughout the predicted period.
IBM (United States), Honeywell (United States), ABB (Switzerland), Cisco (United States), Schneider (France), Rockwell (United States), Dell (United States) and McAfee (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are PAS Global, LLC (United States), Dragos Industrial Cybersecurity (United States), Symantec (United States) and Kaspersky Lab (Russia).
AdvanceMarketAnalytics has segmented the market of Global Industrial Cyber Security market by Type, Application and Region.
On the basis of geography, the market of Industrial Cyber Security 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). If we see Market by Organization Size, the sub-segment i.e. Large will boost the Industrial Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Antivirus will boost the Industrial Cyber Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
April 2019, Waterfall Security Solutions, a global leader in cybersecurity technologies for critical infrastructure and industrial control systems, announced a global partnership with Dragos, provider of the industrial industry’s most trusted asset identification, threat detection and response platform and services, to protect critical industrial control systems (ICS) from the most advanced cyber threats. and The joint solution seamlessly integrates the Dragos Industrial Cybersecurity Platform with Waterfall Unidirectional Security Gateways to enable ICS operators to continuously monitor networks and process operations, while adding a layer of physical protection to prevent penetration of cyber attacks to industrial control networks.
March 2019, PAS Global, LLC, the leading solution provider of industrial control system (ICS) cybersecurity, process safety, and asset reliability in the energy, power, and process industries, announced today the release of PAS Cyber Integrity 6.3. The new release includes risk analytics which provides a unique approach to continuously measure and identify cybersecurity risks to multi-vendor OT (Operational Technology) endpoints, as well as forensic analysis capabilities that provide deep insight into the impact and propagation of a cyber attack.
- Early Adoption of Innovative Technologies and Increasing Number of Web Based Applications
- Increased Adoption of Cloud based Solutions
- Rising Number of Cyber Crime Related Incidents in Various End-use Industries
- Increasing Adoption of IoT in Industrial Control Systems
- Rising Internet Penetration Globally
- Increasing Investment in Cloud Based Services and Solutions
- High Cost of Software & Services Adopted for Industrial Cyber Security
- Data Privacy Concerns Coupled with Rising Cyber attacks such as DragonFly and Energetic Bear on Industries
Key Target AudienceIndustrial Cyber Security Service Providers, Potential Investors, IT Manufacturers, Government and Regulatory Bodies, Venture Capitalists and Others
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