Meticulous Research® , a recognized leader in market research, has released a significant 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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As per the findings from Meticulous Research® , the global industrial cybersecurity market is anticipated to grow at a CAGR of 14.8% from 2023 to 2030 , ultimately reaching $49.53 billion by 2030 . The driving forces behind this growth include the rising adoption of digital technologies and the increasing sophistication of cyberattacks targeting critical industrial infrastructure. Additionally, the growing need for cloud-based security solutions among SMEs and the integration of AI, ML, and Blockchain for enhanced cyber defense are expected to create ample opportunities for growth. Nonetheless, a lack of qualified cybersecurity professionals may hinder market progress.

The analysis includes segmentation by component, security type, deployment mode, and end user , with evaluations at both country and regional levels.

Component Analysis

The industrial cybersecurity market is divided into solutions and services . In 2023, the solutions segment is predicted to account for the larger share, driven by heightened concerns regarding data privacy and increased investment in cybersecurity solutions . This segment is expected to experience the highest CAGR during the forecast period.

Security Type Analysis

The market is segmented into network security, application security, cloud security, endpoint security, and others. The endpoint security segment is expected to dominate the market in 2023 due to the surge in the number of connected devices and the growing demand for effective security measures to safeguard enterprise networks . This segment is also projected to grow at the fastest rate during the forecast period.

Deployment Mode Analysis

The market is categorized into on-premise and cloud-based deployment modes. In 2023, the cloud-based deployment segment is expected to lead, driven by the benefits of flexibility and cost-efficiency , particularly among SMEs . This segment is projected to witness the highest CAGR over the forecast period.

End User Analysis

The market is segmented by end user into industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing segment is anticipated to hold the largest share in 2023, driven by the demand for real-time security monitoring and the increasing frequency of cybersecurity incidents . However, the transportation & logistics segment is expected to experience the highest growth throughout the forecast period.

Geographic Analysis

Regionally, North America is expected to dominate the market in 2023 due to ongoing advancements in technology and increased government initiatives to combat rising cyber threats. In contrast, the Asia-Pacific region is projected to register the highest growth rate , driven by rapid industrialization and significant investments in cybersecurity technologies .

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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