DELAY BEACH, Fla., Oct. 23, 2024 /PRNewswire/ — The global industrial cybersecurity market is estimated at USD 84.54 billion in 2024 and is projected to reach USD 135.11 billion by 2029. I am. It is expected to register a CAGR of 9.8% during the forecast period, according to a new report from MarketsandMarkets™. The integration of the Internet of Things (IoT) into industrial control systems (ICS), the deployment of artificial intelligence (AI) and generative AI into security solutions, the increasing shift to smart manufacturing, the increasing risk of cyber-attacks, and the need for protection Increasing focus on the need for critical infrastructure from advanced cyber threats and strict regulatory compliance in various sectors are the major factors driving the overall market growth.
Market Sand Market Logo
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37646764
See detailed table of contents on “Industrial Cybersecurity Market”.
230 – Table
73 – Figure
331 – Page
Industrial Cyber Security Market Report Scope:
Report scope
detail
Market revenue in 2024
$84.54 billion
Estimates until 2029
$135.11 billion
growth rate
Expected to grow at a CAGR of 9.8%
Available market size
2020–2029
Forecast period
2024-2029
prediction unit
Value (USD million/USD billion)
Report scope
Revenue forecast, competitive environment, growth factors, trends
Target segment
By offering, security type, end-user industry, deployment type, and region.
Target area
North America, Europe, Asia Pacific, and Rest of the World
Key market challenges
Integrate cybersecurity solutions with existing industrial processes
Key market opportunities
Increasing demand for automation solutions that meet safety standards
Key market drivers
Deployment of AI/Gen AI models in industrial setups
By security type, the network security segment is expected to account for the largest market share in 2029.
Network security is expected to dominate the industrial cybersecurity market throughout the forecast period as it serves as the foundation to protect linked systems from external threats. As AI and IoT are introduced into enterprises, networks are exposed to the threat of intrusion, highlighting the need to manage the flow of data between devices and systems. As industrial networks become increasingly complex, companies must rely on their networks to protect operations, maintain information integrity, and ensure organizational resiliency in the face of new and growing threat risks. We focus on strengthening security.
By deployment type, the cloud segment is expected to exhibit the highest CAGR from 2024 to 2029.
In the industrial cybersecurity market by deployment type, the cloud segment is witnessing the highest CAGR as more companies are deploying cloud for their solutions than on-premises due to factors such as flexibility and cost of infrastructure acquisition. expected to show. While organizations are adopting digital strategies and distributed working, cloud security remains a key issue. One of the main reasons cloud security is growing rapidly is that more sensitive data and critical operations are starting to be stored in cloud services.
story continues
Inquiry before purchase: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37646764
North America is expected to dominate the market from 2024 to 2029.
North America is expected to have the largest share in the industrial cybersecurity industry due to early adaptation of latest technologies and strong industrial environment. The presence of industrial cybersecurity giants and legal frameworks that pressure companies to adopt enhanced security measures are driving market growth. Additionally, the increasing trend of cyber threats to critical infrastructure such as the energy and manufacturing sectors is forcing organizations in North America to adopt more advanced and better cybersecurity solutions, making the region a market leader.
Major players –
Major companies providing industrial cybersecurity companies include Microsoft (USA), IBM (USA), Palo Alto Networks (USA), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (USA) ), Honeywell International Inc. (USA), Fortinet, Inc. (USA), and Musarubra US LLC (Trellix) (USA).
Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=37646764
Browse Adjacent Markets: Semiconductor and Electronics Market Research Reports and Consulting
Related reports:
Industrial IoT Market Size, Share and Industry Trends Growth Analysis Report (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technologies, Deployments , Industries and Regions – Global Forecast to 2029
Industrial Communications Market Size, Share and Industry Trends Analysis Report by Components (Switches, Gateways, Power Devices, Routers and WAPs, Communication Interfaces and Protocol Converters, Controllers), Software, Services, Communication Protocols, Verticals and Regions – to 2028 world forecast
About MarketsandMarkets™
MarketsandMarkets™ is recognized as one of America’s top management consulting firms, according to a recent report by Forbes magazine.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, powered by man-machine services that drive paranormal growth for progressive organizations in the B2B space. We have the broadest perspective on emerging technologies and are adept at co-creating paranormal growth for our clients.
Earlier this year, we officially transformed into one of America’s top management consulting firms, according to a survey conducted by Forbes.
In the B2B economy, $25 trillion in new revenue streams have emerged over the past decade alone to replace existing revenue streams. We work with our clients on growth programs to help them leverage this 25 trillion We help you monetize dollar opportunities.
Built on the principles of GIVE Growth, we work with several Forbes Global 2000 B2B companies to help them stay relevant in a disruptive ecosystem. Masu. Our insights and strategies are shaped by industry experts, a cutting-edge AI-powered market intelligence cloud, and years of research. KnowledgeStore™, our Market Intelligence Cloud, integrates our research and facilitates analysis of interconnections across a suite of applications, allowing our clients to see the entire ecosystem and understand the revenue changes occurring in their industry. will help you.
For more information, visit www.MarketsandMarkets™.com or follow us below. TwitterLinkedIn, Facebook.
contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Avenue
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit our website: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-cybersecurity-market.asp
Content source: https://www.marketsandmarkets.com/PressReleases/industrial-cybersecurity.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
Sision
View original content: https://www.prnewswire.com/news-releases/industrial-cybersecurity-market-worth-135-11-billion-by-2029—exclusive-report-by-marketsandmarkets-302284144. html
Source MarketsandMarkets
