Meticulous Research® has released a new in-depth 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."

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According to the latest analysis, the global industrial cybersecurity market is expected to grow at a compound annual growth rate (CAGR) of 14.8% from 2023 to 2030, reaching a total value of $49.53 billion by 2030. The market’s growth is driven by the increasing frequency and complexity of cyberattacks targeting industrial systems, coupled with the rise of advanced technologies such as artificial intelligence (AI), blockchain, and machine learning (ML). Additionally, the growing adoption of cloud-based security solutions, especially among small and medium-sized enterprises (SMEs), is fueling demand in the market. However, a shortage of skilled cybersecurity professionals may limit the pace of market expansion.

This report categorizes the industrial cybersecurity market into components, security types, deployment modes, and end users, offering detailed regional and country-level analyses.

Component Analysis: The market is divided into two primary components: solutions and services. In 2023, the solutions segment is expected to capture a dominant share of the market, driven by increased concerns over data security, the need to protect critical infrastructure, and the industrial sector's ongoing investments in security solutions. The solutions segment is also projected to grow at the highest CAGR over the forecast period due to the rising demand for comprehensive cybersecurity tools.

Security Type Breakdown: By security type, the market includes network security, endpoint security, cloud security, application security, and other types of security solutions. In 2023, endpoint security is expected to account for the largest share of the market due to the increasing number of endpoint devices and the growing need to secure them from cyber threats. The endpoint security segment is projected to grow at the fastest rate over the next several years as more companies focus on safeguarding their expanding networks.

Deployment Mode Overview: The industrial cybersecurity market is segmented by deployment mode into cloud-based and on-premise models. In 2023, the cloud-based segment is anticipated to lead, driven by its scalability, cost-effectiveness, and ease of implementation. Cloud-based solutions are especially appealing to SMEs seeking affordable yet robust cybersecurity measures. This segment is also expected to record the highest growth rate over the forecast period as the cloud continues to be a preferred deployment model.

End User Segmentation: The market is further segmented by end user into industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing sector is forecasted to hold the largest share in 2023, fueled by the growing need for real-time cybersecurity monitoring and the increasing risk of attacks on critical industrial processes. Meanwhile, the transportation & logistics sector is projected to grow at the highest CAGR during the forecast period due to increasing cybersecurity threats targeting global supply chains and logistics networks.

Regional Review: Geographically, the report divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the global industrial cybersecurity market in 2023, largely due to the region's robust technological infrastructure and increasing government investments in cybersecurity. However, the Asia-Pacific region is forecasted to grow at the fastest rate over the forecast period, driven by rapid digital transformation and the increasing adoption of cybersecurity technologies across industries.

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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