Industrial Cyber Security Solutions And Services Market By Component (Hardware, Software, Services), By Type (Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security, Others), By End-User (FMCG, Healthcare, Energy & Power, Oil & Gas, Aerospace And Defence, Automotive, Chemicals, Others), By Industry Size (Small And Medium Industry, Large Industry) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Increasing Cyber Attacks Has Increased the Demand for Industrial Cyber Security Solutions and Services Market

Globally, the industrial cyber security solutions and services market is expected to grow with a CAGR of 10.3% during the forecast period from 2019 to 2027 and has been estimated to register a market value of US$32.26 Bn by 2027. Rising digitalization, technological advancement, and urbanization have led industries to grow at a rapid pace. The industries are adopting various technologies such as cloud computing, AI, and others for sharing documents; additionally, the increase in the IoT devices in the industries is due to the sharing of data in real-time, which is driving the market globally. Industrial cyber security solutions and services allow enterprises to track and secure their data from breaches and cyber attacks. These solutions have become a necessity for the industrial vertical due to a rise in cyber attacks.

Market Synopsis

Industrial Cyber Security Solutions and Services with Large Industry in its Industry Size Segment Continue Dominating the Market

In the base year of 2018, the large industry segment dominated the overall industrial cyber security solutions and services market with over 60.0% market share in revenue. Large industries have high capital and invest heavily in new development and technology. Moreover, these industries also contribute to the cybersecurity solutions and service market as cyber attacks and breaches are increasing within the industries.

North America Dominates the Market by Region

The global industrial cyber security solutions and services market was led by North America, with a market share of more than 35.0% in 2018. The region is one of the earliest adopters of technology. Moreover, the industries in the region are adopting IoT and connected devices, which are used for sharing information among them. Similarly, various key players in the region, such as Dell Inc., IBM Corporation, and IBM Corporation, are developing various solutions for ensuring cyber security for the industries.

Some of the prominent players operating in the industrial cyber security solutions and services are Symantec Corporation, Schneider Electric SE, IBM Corporation, Honeywell International Inc., Dell Inc., Siemens AG, Maverick Technologies, Lockheed Martin Corporation, Rockwell Automation, Inc., ABB Ltd., CyberArk Software Ltd., Bayshore Networks, Inc., McAfee, LLC, Kaspersky Lab, and Cisco Systems, Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The industrial cyber security solutions and services market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global industrial cyber security solutions and services market based on components, industry size, type, end-users, and geography.

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