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The industrial cyber security market is expected to be valued at $22.79 billion by 2023 growing at a CAGR of 8.6% between 2017 and 2023 explored in latest research

The companies profiled in industrial cyber security market report include International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), McAfee, LLC (US), Symantec Corporation (US), and Kaspersky Lab (Russia). The report also includes profiles of new entrants such as Indegy (Israel), Security Matters (Netherlands), CyberX (US), Bayshore Networks, Inc. (US), and Sentryo (France).

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“Industrial cyber security market to grow at a CAGR of 8.6% during the forecast period”

The industrial cyber security market is expected to be valued at $22.79 billion by 2023, growing at a CAGR of 8.6% between 2017 and 2023. The growth of the industrial cyber security market can be attributed to the increased connectivity between IT and OT environments, which is making industrial control systems more prone to intrusions and cyber attacks.

However, the lack of awareness about cyber security and lack of collaboration between the public and private sectors are restraining the growth of the industrial cyber security market.

Browse 65 Market Data Tables and 53 Figures spread through 214 Pages and in-depth TOC on "Industrial Cybersecurity Market - Global Forecast to 2023" 

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“Solutions held a major share of the industrial cyber security market in 2016”

Solutions held a major share of the industrial cyber security market in 2016. The growth of industrial cyber security market for solution can be attributed to the increasing demand for firewall solutions.

The need for firewall solutions to protect critical infrastructure is expected to proliferate owing to the increased sophistication of cyber attacks and security concerns.

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“Industrial cyber security market for transportation systems industry to grow at a high rate between 2017 and 2023”

The industrial cyber security market for the transportation systems industry is expected to grow at a high rate between 2017 and 2023. The growing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems.

The increasing dependence of transportation modes on new technologies is leading to the exposure of transportation control systems to cyber attacks; this is boosting the demand for cyber security solutions.

Make an Inquiry on “Industrial Cybersecurity Market by Type (Network, Application, Endpoint, Wireless, Cloud, Others), Product (Gateways and Networking Devices), Solution and Service, End-User Industry, and Region - Global Forecast to 2023” research report at 

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“Industrial cyber security market in APAC to grow at a high rate during the forecast period”

The industrial cyber security market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America held the largest share of the industrial cyber security market in 2016.

The region is an early adopter of innovative technologies and is home to a large number of industrial cyber security solution providers. The market in APAC is expected to grow at the highest rate between 2017 and 2023 owing to the improving IT infrastructure, rising adoption of cloud-based services, and growing trend of industrial automation in the region.

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Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 – 43%, Tier 2 – 21%, and Tier 3 – 36%
  • By Designation: CEOs – 35%, Vice Presidents – 41%, Co-Founders – 18%, and Others – 6%
  • By Region: North America – 45%, APAC – 32%, Europe – 14%, and RoW – 9%

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Research Coverage:

The report describes the industrial cyber security market and related developments in terms of type, product, solution and service, and end-user industry across different regions. It aims at estimating the size and future growth potential of the market for different segments, including type, product, solution and service, end-user industry, and geography.

Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to Access the Report:

  • This report includes the statistics pertaining to the industrial cyber security market on the basis of type, product, solution and service, end-user industry, and geography.
  • The major drivers, restraints, opportunities, and challenges for the industrial cyber security market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast based on type, product, solution and service, end-user industry, and geography have been provided to give an overall view of the industrial cyber security market.
  • A detailed competitive landscape has been provided in the report, including key players and in-depth analysis of these players.

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