In a recent published report, Kenneth Research has updated the market report for Industrial Cybersecurity Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Cybersecurity Market products.
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By Product (Networking Devices, Gateways), Component (Software, Services), Type (Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security), Vertical, and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Industrial Cybersecurity Market was valued at USD 12.36 billion in 2016 and is projected to reach USD 26.54 billion by 2025, growing at a CAGR of 8.86% from 2017 to 2025.
Industrial cyber security provides protection against cyber-attacks. Industrial cybersecurity protect networks and data from unauthorized access, improved information security and business continuity management, improved stakeholder confidence in your information security arrangements, improved company credentials with the correct security controls in place, faster recovery times in the event of a breach.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Involvement of government to secure industrial control systems
1.2 Rising number of connected device
1.3 Growing adoption of IoT in industrial control systems
1.4 Increasing government funding improves cybersecurity of industrial environment
2. Market Restraints
2.1 Poor knowledge about cybersecurity
2.2 Lack of collaboration between public and private sectors
2.3 Rising costs of innovation pertaining to cybersecurity
Market Segmentation:
The Global Industrial Cybersecurity Market is segmented on the product, component, type, vertical, and region.
1. Product:
1.1 Networking Devices
1.2 Gateways
2. By Component:
2.1 Software
2.2 Services
3. By Type:
3.1 Network Security
3.2 Application Security
3.3 Endpoint Security
3.4 Wireless Security
3.5 Cloud Security
4. By Vertical:
4.1 Transportation System
4.2 Power
4.3 Energy and Utilities
4.4 Chemical and Manufacturing
4.5 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Siemens AG
2. IBM Corporation
3. Startup Ecosystem
4. McAfee, LLC
5. Kaspersky Lab
6. Schneider Electric
7. Rockwell Automation, Inc.
8. Cisco Systems, Inc.
9. Symantec Corporation
10. ABB Ltd
11. Dell Inc.
12. Honeywell International Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Industrial Cybersecurity Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-industrial-cybersecurity-market-/10059748
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