Global Industrial Cybersecurity Market was valued at USD 17.22 billion in 2020 which is expected to reach USD 30.85 billion by 2030 at CAGR 8.92%.
Cybersecurity is defined as the body of technologies practices, and processes which is specifically designed to protect networks, applications, programs, devices, and data from attack, damage or unauthorized access. Increase in incidences of cybercrimes across discrete and process management industries is expected to drive the global industrial Cybersecurity market growth.
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Top Key Players:
- IBM Corporation, Honeywell International, ABB Ltd, Cisco Systems, Siemens, Schneider Electric, Dell Inc, Rockwell Automation, FORTINET, PALO ALTO NETWORKS, and PROOFPOINT.
Top Regional scope:
- NorthAmerica
- Asia Pacific
- Europe
- Latin America
- Middle East
Key Drivers of the Digital Map Market:
- Rise in investments by governments across the globe to establish framework for improving Cybersecurity at industrial environments is the key driving factor which is expected to boost the global industrial Cybersecurity market growth. Nowadays, the critical resources of country’s economy depend on digital technologies. Cyberattacks can damage plat operations and IT systems by hacking important information using malware phishing, and spyware. Cyber threats on utilities and manufacturing plants mostly include brute-force, phishing, and malware. Many governments are increasingly providing funds to handle security breaches, and improve industrial Cybersecurity. Furthermore, increase in demand for industrial Cybersecurity in other end use industries like automotive, oil and gas will positively contribute the market growth. Moreover, increase in focus on integrating IoT into industrial control system which is expected to propel the global industrial Cybersecurity market growth over the forecast period.
By Market Segmentation, Digital Map Market:
- Global Industrial Cybersecurity Market is segmented into product type such as Network, Application, Endpoint, Wireless, Cloud, and Others, by offerings such as Products, Solutions, and Services. Further, market is segmented into end user such as Power, Utilities, Transportation, Automotive, Oil Gas, Manufacturing, and Others.
- Also, Global Industrial Cybersecurity Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
Market Trends of Digital Map Market:
- Integration of AI and Machine Learning: Advanced threat detection and response systems are leveraging AI to identify anomalies and predict cyberattacks in real-time.
- Zero-Trust Security Models: Industries are increasingly adopting zero-trust frameworks to secure their networks and systems against unauthorized access.
- Increased Focus on Regulatory Compliance: Governments worldwide are mandating stricter cybersecurity standards for critical infrastructure to prevent breaches and downtime.
- Growth in Managed Security Services: Outsourcing cybersecurity management to specialized providers is becoming a popular trend, especially for small and medium-sized enterprises (SMEs).
Future Outlook:
- Rising adoption of IIoT and Industry 4.0 technologies.
- Increasing awareness of cyber risks among industrial organizations.
- Advancements in cybersecurity technologies, including blockchain and quantum encryption.
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By Security Types:
- Network Application Endpoint Wireless Cloud Others
By End Users:
- Power Utilities Transportation Automotive Oil Gas Manufacturing Others
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