Industrial Cyber Security Market 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Industrial Cyber Security Market 2018
Industrial Cyber Security Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The Industrial Cyber Security market is projected to reach approximately 24.41 USD billion with 10.97% CAGR during the forecasted period of 2017– 2023. Industrial cyber security solutions are designed to safeguard industrial environments from cyber threats. Industrial cyber security market is a highly dynamic area of concern. It includes the software and hardware solutions, industrial control systems, and network security. These cyber security solutions deal with secured operation of machines and plants in industries. Growing adoption of Internet of Things (IoT) in industrial control systems; Increasing adoption of cloud security solutions; rising number of cyber-crime related incidents in different end-use industries such as aerospace and defense, oil and gas, and automotive sector; along with rise in internet penetration globally has led to the augmentation of the cyber security market. Furthermore, rise in Bring your own Device (BYOD) applications is one of the main factors responsible for the market growth over the forecast period. Many government organizations are raising funds to tackle the situation of security breaches and increase in the web-based application for a more number of connected devices for easier and safer transmission of data over the secured networks.
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Industrial Cyber Security Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Industrial Cyber Security Market Research Report - Global Forecast
2023�
The market of Industrial Cyber security can be broken down to products, solutions, industries, organization size and by the region. On the basis of the components, the cyber security market is divided into Gateways, Routers and Ethernet switches. Out of these, Routers and Ethernet switches holds the largest market share of the product industrial cyber security market. This is majorly due the breaches in the security targeting the infrastructure of the industries and the operation process of plants to get the sensitive data. Also, with the advancements in the connected systems, internet penetration and IIoT, usage of gateways results in the growth of cyber security market.
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Industrial Cyber Security Market 2018 Segmentation: The Industrial cyber security market is segmented into four major regions such as North America, Asia pacific, Europe and Rest of the world. Out of these geographies, the growth of cyber security market is higher in North America in the terms of advancements in the technology, manufacturing process operations and better industrial infrastructure. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. However, Asia – pacific is following the lead because of increasing opportunities in emerging countries of Middle East, their adoption towards cloud services, demand for digitalization demand for data management and inclination to industrial automation. Also the emerging economies like India, China and Japan contribute more towards the overall market share.
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Industrial Cyber Security Market 2018 Application & Major Players in this Research: Industrial Cyber Security Market Prominent Players:
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IBM Corporation (US),
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Honeywell International Inc (US),
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ABB ltd (Switzerland),
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Cisco Systems,
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Schneider Electric (France),
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Rockwell Automation (US),
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Dell Inc,
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Bayshore Networks (US)
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Kaspersky labs (Russia).
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Industrial Cyber Security Market 2018 Industrial Cyber Security Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The Cyber Security market growth is higher in North America in the terms of advancements in technology, manufacturing process operations and industrial infrastructure. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. Also, Asia – pacific is following the lead because of increasing opportunities in emerging countries of Middle East, their adoption towards cloud services and inclination to industrial automation. Many government organizations are raising funds to tackle the situation of security breaches and increase in the web based application for a more number of connected devices for easier and safer transmission of data over the secured networks. On the basis of industries, Transportation industry is prone to cyber threats due to increase in the Whole connected systems rather than standalone systems followed by power grid.
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