Market Overview:
The global industrial cyber security market is expected to grow from USD 9.02 billion in 2018 to USD 17.68 billion by 2030, at a CAGR of 8.8% from 2018 to 2030. The growth of the industrial cyber security market can be attributed to the increasing number of cyber-attacks on industrial control systems (ICS) and rising concerns about data privacy and protection. The network security segment is expected to hold the largest share of the global industrial cyber security market in 2018, owing to the increasing adoption of connected devices and IIoT across industries.
Product Definition:
Industrial cyber security is the practice of protecting industrial control systems (ICS) from cyber attacks. ICS are used to manage critical infrastructure, such as power grids, water treatment plants, and manufacturing facilities. Industrial cyber security is important because a successful cyber attack on an ICS could result in a loss of life or damage to property.
Network Security:
Network security is the collection of measures taken to protect a computer network from unauthorized access. It comprises of three elements, namely prevention, detection and response. Prevention includes physical measures such as lockdowns and access controls while detection involves monitoring systems for intruders while response involves reporting the incident to concerned authorities or users etc.
Application Security:
Application security is the part of cyber security that ensures safety and protection of digital applications. It provides a framework to secure business-critical information from external and internal threats. Application security helps in preventing malicious attacks on IT systems, data breaches, identity theft, application disruption or destruction by hackers & crackers.
Application Insights:
The power, energy and utilities sector accounted for the largest market share in 2017. The sector is expected to be at high risk of cyberattacks as it is considered one of the crucial sectors that are vital for running the modern society. As per a study reported by Carbon Black, Inc., in 2016, around 60% of global electricity was generated through coal plants and 30% from renewable sources such as hydroelectricity and wind turbines. Thus, an increasing number of renewable sources increases the dependency on IT systems which results in higher risks associated with cyberattacks.
Furthermore, according to a study published by HPE Security Research Institute (HPE SRI), around 54% critical infrastructure assets were found to be at high risk due to their digital transformation that led them towards becoming more susceptible towards cyberattacks during 2018-2022 period owing to growing dependence on information technology systems within these sectors.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to various factors such as increasing government initiatives, rising cyber-attacks, and growing awareness among users regarding digital security measures. Moreover, presence of prominent players in this region is also contributing toward growth of the market for industrial cyber security in North America.
Asia Pacific regional market has considerable growth opportunities for vendors operating within it owing to increasing adoption of industrial automation technologies across numerous end-use industries such as manufacturing and energy & utilities sector which results into increased demand for cyber security solutions that are designed specifically with Asian countries' cultural nuances and regulatory scenario in mind thus making it a lucrative regional market over the forecast period.
Growth Factors:
- Increasing demand for industrial cyber security solutions from small and medium-sized businesses (SMBs) due to the increasing number of cyber threats targeting these organizations.
- The growing trend of industrial automation and the Internet of Things (IoT) is expected to drive the demand for industrial cyber security solutions in the coming years.
- The increasing adoption of cloud-based services by industrial organizations is also expected to boost the growth of the Industrial Cyber Security market in the next few years.
- The rising awareness about data privacy and information security among industrial organizations is also projected to fuel the growth of this market in future years.
- Growing concerns about critical infrastructure vulnerabilities are anticipated to create a high demand for Industrial Cyber Security Solutions over
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Cyber Security Market Research Report
By Type
Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security, Others
By Application
Power, Energy & Utilities, Transportation Systems, Chemical and Manufacturing, Others
By Companies
IBM (US), Honeywell (US), ABB (Switzerland), Cisco (US), Schneider (France), Rockwell (US), Dell (US), McAfee (US), Symantec (US), Kaspersky Lab (Russia)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Cyber Security Market Report Segments:
The global Industrial Cyber Security market is segmented on the basis of:
Types
Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power, Energy & Utilities, Transportation Systems, Chemical and Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM (US)
- Honeywell (US)
- ABB (Switzerland)
- Cisco (US)
- Schneider (France)
- Rockwell (US)
- Dell (US)
- McAfee (US)
- Symantec (US)
- Kaspersky Lab (Russia)
Highlights of The Industrial Cyber Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Network Security
- Application Security
- Endpoint Security
- Wireless Security
- Cloud Security
- Others
- By Application:
- Power
- Energy & Utilities
- Transportation Systems
- Chemical and Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Cyber Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial cyber security is the practice of protecting industrial systems from cyberattacks. Industrial systems can include anything from factories to transportation networks, and they are often more vulnerable to attack because they are not typically used for personal or commercial purposes. Cybersecurity experts work to protect these systems by monitoring for signs of attack, developing prevention strategies, and responding quickly when an attack does occur.
Some of the major players in the industrial cyber security market are IBM (US), Honeywell (US), ABB (Switzerland), Cisco (US), Schneider (France), Rockwell (US), Dell (US), McAfee (US), Symantec (US), Kaspersky Lab (Russia).
The industrial cyber security market is expected to register a CAGR of 8.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Cyber Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Cyber Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Cyber Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Cyber Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Cyber Security Market Size & Forecast, 2020-2028
4.5.1 Industrial Cyber Security Market Size and Y-o-Y Growth
4.5.2 Industrial Cyber Security Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Network Security
5.2.2 Application Security
5.2.3 Endpoint Security
5.2.4 Wireless Security
5.2.5 Cloud Security
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power
6.2.2 Energy & Utilities
6.2.3 Transportation Systems
6.2.4 Chemical and Manufacturing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Cyber Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Cyber Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Network Security
9.6.2 Application Security
9.6.3 Endpoint Security
9.6.4 Wireless Security
9.6.5 Cloud Security
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power
9.10.2 Energy & Utilities
9.10.3 Transportation Systems
9.10.4 Chemical and Manufacturing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Network Security
10.6.2 Application Security
10.6.3 Endpoint Security
10.6.4 Wireless Security
10.6.5 Cloud Security
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power
10.10.2 Energy & Utilities
10.10.3 Transportation Systems
10.10.4 Chemical and Manufacturing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Network Security
11.6.2 Application Security
11.6.3 Endpoint Security
11.6.4 Wireless Security
11.6.5 Cloud Security
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power
11.10.2 Energy & Utilities
11.10.3 Transportation Systems
11.10.4 Chemical and Manufacturing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Network Security
12.6.2 Application Security
12.6.3 Endpoint Security
12.6.4 Wireless Security
12.6.5 Cloud Security
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power
12.10.2 Energy & Utilities
12.10.3 Transportation Systems
12.10.4 Chemical and Manufacturing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Network Security
13.6.2 Application Security
13.6.3 Endpoint Security
13.6.4 Wireless Security
13.6.5 Cloud Security
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power
13.10.2 Energy & Utilities
13.10.3 Transportation Systems
13.10.4 Chemical and Manufacturing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Cyber Security Market: Competitive Dashboard
14.2 Global Industrial Cyber Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM (US)
14.3.2 Honeywell (US)
14.3.3 ABB (Switzerland)
14.3.4 Cisco (US)
14.3.5 Schneider (France)
14.3.6 Rockwell (US)
14.3.7 Dell (US)
14.3.8 McAfee (US)
14.3.9 Symantec (US)
14.3.10 Kaspersky Lab (Russia)
