Industrial Cybersecurity Market
The Industrial Cybersecurity Market report from DataM Intelligence provides an extensive overview of the sector, complete with historical data and essential statistics. The analysis delves into market dynamics, competitive strategies, and the leading players, focusing on their product offerings, pricing models, financial data, growth initiatives, and geographic presence. The global market is projected to experience significant growth during the forecast period from 2024 to 2031.
This market is dedicated to safeguarding critical infrastructure and industrial systems against cyber threats. Key solutions include firewalls, intrusion detection systems, and data encryption, tailored for sectors such as manufacturing, energy, and transportation. With the increasing prevalence of connected devices and the Internet of Things (IoT), protecting industrial operations from cyberattacks is more vital than ever.
Leading companies in the Industrial Cybersecurity market include Schneider Electric SE, Rockwell Automation, Inc., CyberArk Software Ltd., ABB Ltd., Bayshore Networks, Inc., Kaspersky Lab, McAfee, LLC, Cisco Systems, Inc., Norton LifeLock, and IBM Corporation. These firms are focusing on strategies like new product launches to tap into rapidly growing emerging markets worldwide.
In a significant development, ABB and IBM announced a strategic alliance in October 2020 to combine operational technologies (OT) with cybersecurity solutions. This partnership led to the launch of ABB’s OT Security Event Monitoring Service, which integrates ABB’s expertise in process control with IBM’s security monitoring capabilities. This initiative aims to enhance security for industrial operators, increasing their confidence in defending vital infrastructure against cyber threats.
The market is segmented by components such as hardware, software, and services. Additionally, it is categorized based on security layers, including network security, endpoint security, and cloud security, along with end-users in process and discrete industries. The rapid growth in the Industrial Cybersecurity sector is driven by advancements in technology, increased demand for innovative therapies, and a heightened focus on patient-centered care.
The global Industrial Cybersecurity Market report examines several regions: North America (including the US, Canada, and Mexico), Europe (Germany, Russia, UK, France, Italy, and others), Asia Pacific (China, India, Japan, Australia, and more), South America (Brazil, Argentina, Colombia, etc.), and the Middle East and Africa (Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, and Israel).
This report offers valuable insights such as a detailed analysis of demand-supply gaps, market size estimation, SWOT and PESTEL analyses, and forecasts for the global market. Utilizing both top-down and bottom-up approaches for regional analysis, the report also employs Porter’s five forces model to provide an in-depth understanding of the competitive landscape among key market players.
