Industrial Cybersecurity Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Cybersecurity Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Cybersecurity Trends and Forecast

The future of the global industrial cybersecurity market looks promising with opportunities in the energy & utility, transportation system, and chemical & manufacturing sectors. The global industrial cybersecurity market is expected to reach an estimated $28.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are rising demand for AI based industrial robots, increasing industry demand for connected devices, and rising cases of cyberattacks on industrial control systems.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Industrial Cybersecurity by Segment

The study includes a forecast for the global industrial cybersecurity by security type, deployment type, offering, end use industry, and region.

Industrial Cybersecurity Market by Security Type [Shipment Analysis by Value from 2018 to 2030]:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Wireless Security
• Others

Industrial Cybersecurity Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Cloud

Industrial Cybersecurity Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Products
• Solutions & Services

Industrial Cybersecurity Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Energy & Utilities
• Transportation Systems
• Chemicals and Manufacturing
• Others

Industrial Cybersecurity Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Cybersecurity Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial cybersecurity companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial cybersecurity companies profiled in this report include-

• IBM
• Honeywell International
• ABB
• Schneider Electric
• Cisco System
• McAfee
• Siemens
• Dell Technologies
• NortonLifeLock
• Rockwell Automation

Industrial Cybersecurity Market Insights

Lucintel forecasts that network is expected to witness highest growth over the forecast period due to growing need to protect computer networks and networked resources from cyber threats.

North America is expected to witness highest growth over the forecast period due to rapid adoption of cybersecurity among various industrial applications and presence of key players in the region.

Features of the Global Industrial Cybersecurity Market

Market Size Estimates: Industrial cybersecurity market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial cybersecurity market by various segments, such as by security type, deployment type, offering, end use industry and region in terms of($B).

Regional Analysis: Industrial cybersecurity market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different security types, deployment types, offerings, end use industries, and regions for the industrial cybersecurity market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial cybersecurity market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the industrial cybersecurity market size?

Answer: The global industrial cybersecurity market is expected to reach an estimated $28.5 billion by 2030.

Q.2 What is the growth forecast for industrial cybersecurity market?

Answer: The global industrial cybersecurity market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the industrial cybersecurity market?

Answer: The major drivers for this market are rising demand for ai based industrial robots, increasing industry demand for connected devices, and rising cases of cyberattacks on industrial control systems.

Q4. What are the major segments for industrial cybersecurity market?

Answer: The future of the industrial cybersecurity market looks promising with opportunities in the energy & utility, transportation system, and chemical & manufacturing sectors.

Q5. Who are the key industrial cybersecurity market companies?

Answer: Some of the key industrial cybersecurity companies are as follows:

• IBM
• Honeywell International
• ABB
• Schneider Electric
• Cisco System
• McAfee
• Siemens
• Dell Technologies
• NortonLifeLock
• Rockwell Automation

Q6. Which industrial cybersecurity market segment will be the largest in future?

Answer: Lucintel forecasts that network is expected to witness highest growth over the forecast period due to growing need to protect computer networks and networked resources from cyber threats.

Q7. In industrial cybersecurity market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid adoption of cybersecurity among various industrial applications and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the industrial cybersecurity market by security type (network security, endpoint security, application security,cloud security, wireless security, and others), deployment type (on-premises and cloud), offering (products and solutions & services), end use industry (energy & utilities, transportation systems, chemicals & manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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