Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics)— Global Forecasts to 2030

Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics)— Global Forecasts to 2030

The research report titled, “Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics) and Geography — Global Forecasts to 2030”, provides an in-depth analysis of industrial cybersecurity market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global industrial cybersecurity market is expected to reach $49.53 billion by 2030, growing at a CAGR of 14.8% during the forecast period of 2023–2030.

The growth of the industrial cybersecurity market is driven by the emergence of disruptive digital technologies and the increasing frequency & sophistication of cyberattacks. However, the shortage of trained professionals restrains the growth of this market. The growing need for cloud-based security solutions among SMEs and the increasing use of Artificial Intelligence, Machine Learning, and Blockchain technologies for cyber defense are expected to create growth opportunities for the players operating in this market. However, the increasing use of mobile devices as an attack vector and the vulnerability issues with IoT devices are major challenges for market growth.

Based on component, the market is segmented into solutions and services. The solutions segment is projected to grow at the highest CAGR during the forecast period. Increasing concerns regarding data security and privacy and the consistent efforts by shareholders in the industrial sector to improve efficiency, reduce costs, and increase security are expected to drive market growth.

Based on security type, the market is segmented into network security, application security, cloud security, endpoint security, and other security types. The endpoint security segment is projected to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the exponential rise in the number of endpoint devices and rising demand for endpoint security solutions to secure various enterprise networks.

Based on deployment mode, the market is segmented into on-premise deployment and cloud-based deployment. The cloud-based deployment segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the rapid evolution of new avenues for cloud-based deployments, the superior flexibility & affordability offered by cloud-based deployments, and the increasing incorporation of cloud-based solutions among small and medium-sized enterprises.

Based on end user, the market is segmented into industrial manufacturing, energy & utilities, transportation & logistics, and other end users. The industrial manufacturing segment is further sub-segmented into automotive, aerospace & defense, electronics & electrical, chemicals, heavy metals & machinery, FMCG, and other manufacturing industries. The transportation & logistics segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the technological advancements in the transportation sector, increasing sophistication of cyber risk and penetration of data breaches, and the rising need to secure supply chain & logistics systems.

Geographic Review:

Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the high penetration of connected devices in the industrial sector, the advent of Industry 4.0, the growing adoption of cloud-based solutions, and increasing cyberattacks in Asia-Pacific.

The key players operating in the global industrial cybersecurity market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).

Key questions answered in the report:

Which are the high growth market segments in terms of component, security type, deployment mode, end user, and countries?
What is the historical market for industrial cybersecurity across the globe?
What are the market forecasts and estimates from 2023–2030?
What are the major drivers, restraints, and opportunities in the global industrial cybersecurity market?
Who are the major players in the global industrial cybersecurity market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global industrial cybersecurity market?
What are the different strategies adopted by the major players in the global industrial cybersecurity market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the global industrial cybersecurity market and how do they compete with the other players?

Scope of the Report:

Market by Component

Solutions
Encryption
Data Loss Prevention
Unified Threat Management
Firewalls
Antivirus/Antimalware
Intrusion Detection/Prevention System
Security & Vulnerability Management
Disaster Recovery
Web Filtering
Identity & Access Management
Risk & Compliance Management
DDS Management
Services
Professional Services
Managed Services

Market by Security Type

Network Security
Application Security
Cloud Security
Endpoint Security
Other Security Types

Market by Deployment Mode

On-premise Deployment
Cloud-based Deployment

Market by End User

Industrial Manufacturing
Automotive
Aerospace & Defense
Electronics & Electrical
Chemicals
Heavy Metals & Machinery
FMCG
Other Manufacturing Industries
Energy & Utilities
Transportation & Logistics
Other End Users

Market by Geography

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
South Korea
India
Japan
Taiwan
Singapore
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Israel
UAE
Rest of Middle East & Africa

Industrial Cybersecurity Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	282
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Component, Market by Security Type, Market by Deployment Mode, Market by End User, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	e Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).

FAQs About the Report

What is the value of revenue generated from the sales of the industrial cybersecurity solutions and services across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global industrial cybersecurity market is projected to reach USD 49.53 billion by 2030 at a CAGR of 14.8% during the forecast period.

Which component segment showcases high growth opportunities for the industrial cybersecurity market players?

In 2023, the solutions segment is estimated to account for the largest share of the global industrial cybersecurity market and is expected to record the higher CAGR during the forecast period. The high growth of this market is attributed to the e increasing concerns regarding data security and privacy and the consistent efforts by shareholders in the industrial sector to improve efficiency, reduce costs, and increase security.

Which security type segments of the market are projected to create more traction in the Industrial Cybersecurity market?

In 2023, the endpoint security segment is expected to account for the largest share of the global Industrial Cybersecurity market and is expected to record the higher CAGR during the forecast period. The segment's growth is mainly attributed to the exponential rise in the number of endpoint devices and rising demand for endpoint security solutions to secure various enterprise networks.

What are the key factors driving the growth of the industrial cybersecurity market? What are major opportunities for existing market players and new entrants in the market?

The growth of this market is driven by the emergence of disruptive digital technologies and the increasing frequency & sophistication of cyberattacks. The growing need for cloud-based security solutions among SMEs and the increasing use of Artificial Intelligence, Machine Learning, and Blockchain technologies for cyber defense is expected to create market growth opportunities.

Who are the major players operating in the global industrial cybersecurity market?

Some of the key players operating in the global industrial cybersecurity market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.) and among others.

Which regions/countries are expected to witness significant demand for Industrial Cybersecurity in the coming years?

Asia-Pacific dominates the global industrial cybersecurity market and is also expected to grow at the highest growth rate over the coming years.