Meticulous Research®, a leading provider of market insights, has unveiled its latest report titled ‘Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics), and Geography—Global Forecast to 2030.’

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According to Meticulous Research®, the global industrial cybersecurity market is forecasted to grow at a CAGR of 14.8% from 2023 to 2030, reaching a total market value of $49.53 billion by 2030. This surge in market growth is driven by the increasing adoption of disruptive digital technologies and the rising sophistication and number of cyberattacks targeting the industrial sector. Additionally, the expanding demand for cloud-based security solutions in SMEs, alongside the integration of AI, ML, and Blockchain technologies, is expected to present significant market opportunities. Nonetheless, the shortage of skilled cybersecurity professionals may pose a challenge to the market's expansion.

The industrial cybersecurity market is segmented based on component, security type, deployment mode, and end user, with detailed geographical insights provided at the country and regional levels.

Component Overview

The market is categorized into solutions and services. The solutions segment is expected to hold the largest share of the market in 2023, driven by the increasing focus on data protection and the ongoing efforts by industrial players to improve efficiency and security. This segment is also forecasted to exhibit the highest CAGR throughout the projection period.

Security Type Overview

The market segmentation includes network security, application security, cloud security, endpoint security, and other security types. The endpoint security segment is projected to dominate in 2023, attributed to the surge in endpoint devices and the growing need to protect various enterprise networks. This segment is anticipated to grow at the fastest rate during the forecast period.

Deployment Mode Overview

The market is segmented into on-premise and cloud-based deployment options. The cloud-based deployment segment is expected to lead the market in 2023, supported by the flexibility and affordability of cloud-based solutions, particularly for SMEs. This segment is projected to achieve the highest growth rate during the forecast period.

End User Overview

The market is divided into various end users, including industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing segment is expected to hold the largest market share in 2023, driven by the need for real-time security monitoring and the rise in cyber incidents. However, the transportation & logistics segment is expected to grow at the fastest pace during the forecast period.

Geographic Overview

The report highlights the geographical distribution of the market across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the global market in 2023, driven by ongoing government initiatives and the rising incidence of cyberattacks in the region. Conversely, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period due to increasing investments in cybersecurity infrastructure.

Key Players:

The key players operating in the 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.).

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/industrial-cybersecurity-market-5316

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 for 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 do they hold?
• Who are the major players in various countries, and what shares 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 market?
• What are the geographic 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?

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