Industrial Cybersecurity Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032

Report code : IS392, Status : Published, Published on: Jun, 2020, Pages : 175 Pages, Format : PDF/PPT/Excel

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Description

Proliferation of Industrial Internet of Things (IIoT), increased investment in advanced security infrastructure, and convergence of OT & IT are the key forces influencing the growth of the global industrial cybersecurity market. Industrial cybersecurity plays a vital role in safeguarding industrial systems, machines and operations ranging from production to communication. Advancement in IT technology has led the industrial counterparts to further push their boundaries to achieve improved performance, thereby fueling the growth of Industrial Internet of Things (IIoT). Discrete and process industry participants are continuously engaged in adoption of advanced solutions that help in improving production throughput, efficient use of resources and achieving operational excellence. The IIoT facilitates seamless remote access to industrial systems, assets and machines and enables real time decision making through product and process intelligence. To tackle the increasing risk of cyber-attacks, the industry is witnessing handshake between the operational technology (OT) and information technology (IT) security solutions.

The convergence of OT and IT security solutions is anticipated to strengthen the security framework for industrial networks. The industry participants are focusing on adoption of advanced security and safety solutions to strengthen integrity of network infrastructure through adoption of advanced industrial cybersecurity solutions.

North America contributed a dominating share to the global industrial cybersecurity market in 2019 and is expected to be a dominating region throughout the forecast period. Presence of leading solution providers, increased adoption of industrial cybersecurity solutions, and increased investment in research and development of Smart Factory technology are the key attributes contributing towards the growth of North America industrial cyber security market. Asia Pacific is anticipated to be the most lucrative market during the forecast period owing to the expanding industrial infrastructure and increased adoption of advanced technologies across several industry verticals. Increasing investment in Industrial Internet of Things (IIoT) infrastructure is expected to bolster the growth of Asia Pacific industrial cybersecurity market during the forecast period.

Industrial Cybersecurity Market Share Analysis, by Geography (2022)

The report titled “Industrial Cybersecurity Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global industrial cybersecurity market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global industrial cybersecurity market is segmented based on type, component, end use industry, and geography. Based on type, the global industrial cybersecurity market is segmented into network security, application security, endpoint security, wireless security, cloud security, and others. Based on component, the global industrial cybersecurity market is segmented into hardware solutions, software solution, and services. The hardware solutions segment is sub-segmented into gateways, networking devices, and others. The software solutions are further sub-segmented into antivirus, firewall, SCADA encryption, virtualization security, data loss prevention (DLP), security information and event management (SIEM), intrusion detection systems/intrusion prevention systems, identity and access management (IAM), unified threat management (UTM), distributed denial of service (DDoS), and Others. The service segment is further sub-segmented into managed services and professional services. Based on end use industry, the global industrial cybersecurity is segmented into discrete industry and process industry. The discrete industry is sub-segmented into healthcare, automotive, aerospace & defense, consumer goods, and others. The process industry is segmented into energy & utility, oil & gas, chemicals, pharmaceuticals, food & beverages, water & wastewater management, paper & pulp, and others. Based on geography, the global industrial cybersecurity market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on industrial cybersecurity. Further, market share of prominent companies in the global industrial cybersecurity market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the industrial cybersecurity companies.

The global industrial cybersecurity market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the industrial cybersecurity business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global industrial cybersecurity market.

Major players active in the global industrial cybersecurity market include ABB, Bayshore Networks, Inc., Cisco Systems, Inc., CyberArk Software Ltd., Dell Inc., Honeywell International Inc., IBM, Kaspersky Lab, Lockheed Martin Corporation, Maverick Technologies, McAfee, LLC, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Symantec Corporation.

Segmentation:

Based on End Use:

Discrete industry
Process industry

By Order Type

Network security,
Application security
Endpoint security
Wireless security
Cloud security

Based on Component

Hardware solutions
Software solution
Services

By Region

North America

U.S.
Canada

Europe

Asia Pacific

Japan
China
India
Australia
Rest of APAC

South America

Brazil
Rest of South America

Middle East & Africa

UAE
South Africa
Saudi Arabia
Rest of MEA

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Industrial Cybersecurity Market
Global Industrial Cybersecurity Market Qualitative Analysis
- Ecosystem Analysis
  - Role of participants
  - Integration scenario
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- Use Cases, by End use Industry
- Role of Artificial Intelligence in Cybersecurity
Global Industrial Cybersecurity Market Analysis and Forecast, by Component
- Overview and definitions
- Key segment analysis
- Global Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services

Global Industrial Cybersecurity Market Analysis and Forecast, by End Use Industry
- Overview and definitions
- Key segment analysis
- Global Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
  - Discrete Industries
    - Automotive
    - Aerospace & Defense
    - Others
  - Process Industries
    - Oil & Gas
    - Energy & Utility
    - Chemical
    - Pharmaceutical
    - Water & Wastewater Management
    - Others (Paper & Pulp, Food & Beverage etc.)

Global Industrial Cybersecurity Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Industrial Cybersecurity Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Industrial Cybersecurity Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services
  - North America Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
    - Discrete Industries
      - Automotive
      - Aerospace & Defense
      - Others
    - Process Industries
      - Oil & Gas
      - Energy & Utility
      - Chemical
      - Pharmaceutical
      - Water & Wastewater Management
      - Others (Paper & Pulp, Food & Beverage etc.)
    - North America Industrial Cybersecurity Market Estimates (US$ Mn), Country, 2019 – 2032
      - The U.S.
      - Canada
      - Rest of North America

Europe Industrial Cybersecurity Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services
  - Europe Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
    - Discrete Industries
      - Automotive
      - Aerospace & Defense
      - Others
    - Process Industries
      - Oil & Gas
      - Energy & Utility
      - Chemical
      - Pharmaceutical
      - Water & Wastewater Management
      - Others (Paper & Pulp, Food & Beverage etc.)
    - Europe Industrial Cybersecurity Market Estimates (US$ Mn), Country, 2019 – 2032
      - Germany
      - United Kingdom
      - Italy
      - France
      - Spain
      - Rest of Europe

Asia Pacific Industrial Cybersecurity Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services
  - Asia Pacific Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
    - Discrete Industries
      - Automotive
      - Aerospace & Defense
      - Others
    - Process Industries
      - Oil & Gas
      - Energy & Utility
      - Chemical
      - Pharmaceutical
      - Water & Wastewater Management
      - Others (Paper & Pulp, Food & Beverage etc.)
    - Asia Pacific Industrial Cybersecurity Market Estimates (US$ Mn), Country, 2019 – 2032
      - Japan
      - India
      - China
      - South Korea
      - Australia
      - Rest of Asia Pacific

Middle East & Africa Industrial Cybersecurity Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services
  - Middle East & Africa Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
    - Discrete Industries
      - Automotive
      - Aerospace & Defense
      - Others
    - Process Industries
      - Oil & Gas
      - Energy & Utility
      - Chemical
      - Pharmaceutical
      - Water & Wastewater Management
      - Others (Paper & Pulp, Food & Beverage etc.)
    - Middle East & Africa Industrial Cybersecurity Market Estimates (US$ Mn), Country, 2019 – 2032
      - Saudi Arabia
      - Israel
      - UAE
      - South Africa
      - Rest of Middle East

South America Industrial Cybersecurity Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Industrial Cybersecurity Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Hardware
    - Gateways
    - Network Devices
    - Others
  - Solutions
    - Incident Response
    - Network Security
    - Cloud Security
    - Endpoint Security
    - Threat Detection & Response
    - Others (Threat hunting, Security compliance etc.)
  - Services
    - Managed Services
    - Professional Services
  - South America Industrial Cybersecurity Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
    - Discrete Industries
      - Automotive
      - Aerospace & Defense
      - Others
    - Process Industries
      - Oil & Gas
      - Energy & Utility
      - Chemical
      - Pharmaceutical
      - Water & Wastewater Management
      - Others (Paper & Pulp, Food & Beverage etc.)
    - South America Industrial Cybersecurity Market Estimates (US$ Mn), Country, 2019 – 2032
      - Brazil
      - Rest of South America

Competition Analysis – Industrial Cybersecurity Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - ABB
    - Business overview
    - Geographic presence
    - Offerings
    - Financial facts
    - Channel partners
    - Relevant news and strategic view
  - Bayshore Networks, Inc.
  - Cisco Systems, Inc.
  - CyberArk Software Ltd.
  - Dell Inc.
  - Honeywell International Inc.
  - IBM Corporation
  - Kaspersky Lab
  - Lockheed Martin Corporation
  - Maverick Technologies
  - McAfee, LLC
  - Rockwell Automation, Inc.
  - Schneider Electric SE
  - SecureWorks, Inc.
  - Siemens AG
  - Symantec Corporation

Conclusion & Recommendations

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Frequently asked questions about this report

Which segment accounted for the largest industrial cybersecurity market share?

How is the regional performance of the market?

North America contributed a dominating share to the global industrial cybersecurity market in 2019 and is expected to be a dominating region throughout the forecast period. Presence of leading solution providers, increased adoption of industrial cybersecurity solutions, and increased investment in research and development of Smart Factory technology are the key attributes contributing towards the growth of North America industrial cyber security market.

What are the different Order Type of industrial cybersecurity used?

Based on Order Type, the industrial cybersecurity market is segmented into Network security, Application security, Endpoint security, Wireless security and Cloud security .

Who are the key players in industrial cybersecurity market?

Some key players operating in the industrial cybersecurity market include ABB, Bayshore Networks, Inc., Cisco Systems, Inc., CyberArk Software Ltd., Dell Inc., Honeywell International Inc., IBM, Kaspersky Lab, Lockheed Martin Corporation, Maverick Technologies, McAfee, LLC, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Symantec Corporation.