Worldwide Industrial Cybersecurity Industry to 2026 - Key Drivers and Restraints

DUBLIN, Feb. 12, 2021 /PRNewswire/ -- The "Global Industrial Cybersecurity Market By Offering Type, By Security Type, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Industrial Cybersecurity Market size is expected to reach $22.8 billion by 2026, rising at a market growth of 7.2% CAGR during the forecast period. Industrial Cybersecurity is meant to safeguard industrial conditions from cyber risks across different phases. The protection of industrial networks is an extremely developing and primary zone of concern. It includes organization security, advanced control frameworks, and product & equipment arrangements.

These cybersecurity solutions are meant to ensure the safety of plants and machines in enterprises. In order to prevent any danger or attack, controlling physical establishments, modern systems must be broken down, monitored, and ensured. Risks associated with network safety are expanding, boosted by global utilization and availability of cloud administrations such as Amazon Web Services, to store sensitive and individual information.

Growing modern digital crooks combined with the inescapable helpless arrangements of cloud services means the risk that a company experiences, an efficient digital attack or data breach is on the rise. Gone are the days of simple antivirus and firewall software as it only provides safety to the data and systems. Currently, leading companies do not rely on online protection experts for data security. Digital risks can appear with any extent in the company. It should be taught to the employees about simple social designing tricks like phishing and advanced online protection attacks such as ransom ware assaults (think WannaCry) or other malware, designed to get licensed innovation or individual data.

By Offering Type

Based on Offering Type, the market is segmented into Products and Solution & Services. Elements like hardware, security software, and applications play a significant role in addressing cyberattacks. For example, the electrical power application includes extremely high-speed processes that are regulated with the help of devices that are manufactured for the emergency protection of power equipment and automation. These devices are interconnected to work together, hence need network security.

By Security Type

Based on Security Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others. Based on service type, Application security will develop with the largest growth rate in the industrial cybersecurity market in 2020. Application security is considered as the security of software and code from external and internal threats that include web attacks, DDoS attacks, site scraping, and fraud. It includes security policies to safeguard industrial applications and sensitive data from both random and targeted application security attacks.

By End User

Based on End User, the market is segmented into Power, Utilities, Transportation, Chemicals & Manufacturing and Others. The market for Transportation applications will grow at the highest growth rate over the forthcoming years. Globally, individuals have been increasingly depending on technologies and web-based applications resulting in an increased risk of cyber threats. Road, rail, and metro networks are interconnected to each other and with other modes of transport.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC is expected to showcase the highest growth rate of the industrial cybersecurity market during the forecast period. APAC consists of developing countries like China and India. These economies consist of the majority of small and medium enterprises (SMEs), which together responsible for the employment of above 70% of the total population in the countries.

The major strategies followed by the market participants are Product Launches and Partnerships. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the major forerunner in the Industrial Cybersecurity Market. Companies such as Honeywell International, Inc., IBM Corporation, Cisco Systems, Inc., Siemens AG, Schneider Electric SE, Broadcom, Inc., ABB Group, Palo Alto Networks, Inc., and Rockwell Automation, Inc. are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, Palo Alto Networks, Inc. and Broadcom, Inc.

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Key Topics Covered:

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Industrial Cybersecurity Market, by Offering Type
1.4.2 Global Industrial Cybersecurity Market, by Security Type
1.4.3 Global Industrial Cybersecurity Market, by End User
1.4.4 Global Industrial Cybersecurity Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, May - 2020, Nov) Leading Players

Chapter 4. Global Industrial Cybersecurity Market by Offering Type
4.1 Global Industrial Cybersecurity Products Market by Region
4.2 Global Industrial Cybersecurity Solution & Services Market by Region

Chapter 5. Global Industrial Cybersecurity Market by Security Type
5.1 Global Industrial Cybersecurity Network Security Market by Region
5.2 Global Industrial Cybersecurity Endpoint Security Market by Region
5.3 Global Industrial Cybersecurity Application Security Market by Region
5.4 Global Industrial Cybersecurity Cloud Security Market by Region
5.5 Global Industrial Cybersecurity Wireless Security Market by Region
5.6 Global Other Security Type Industrial Cybersecurity Market by Region

Chapter 6. Global Industrial Cybersecurity Market by End User
6.1 Global Power Industrial Cybersecurity Market by Region
6.2 Global Utilities Industrial Cybersecurity Market by Region
6.3 Global Transportation Industrial Cybersecurity Market by Region
6.4 Global Chemicals & Manufacturing Industrial Cybersecurity Market by Region
6.5 Global Others Industrial Cybersecurity Market by Region

Chapter 7. Global Industrial Cybersecurity Market by Region
7.1 North America Industrial Cybersecurity Market
7.2 Europe Industrial Cybersecurity Market
7.3 Asia Pacific Industrial Cybersecurity Market
7.4 LAMEA Industrial Cybersecurity Market

Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.1 Recent strategies and developments:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.2 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Honeywell International, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Cisco Systems, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Schneider Electric SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental And Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Rockwell Automation, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Siemens AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Microsoft Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Palo Alto Networks, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.5.3 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. Broadcom, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisition and Mergers:
8.10.5.3 Product Launches and Product Expansions:
8.10.6 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/hxsg8p

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