Industrial Cybersecurity Solution Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Cybersecurity Solution Trends and Forecast

The future of the global industrial cybersecurity solution market looks promising with opportunities in the power, utility, and chemicals & manufacturing sectors. The global industrial cybersecurity solution market is expected to reach an estimated $29.8 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increasing digitization of industrial processes and systems and rising number of cyberattacks on industrial systems.

A more than 150-page report is developed to help in your business decisions.

Industrial Cybersecurity Solution by Segment

The study includes a forecast for the global industrial cybersecurity solution by type, offering, end use, and region.

Industrial Cybersecurity Solution Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Network
• Endpoint
• Application
• Cloud
• Wireless

Industrial Cybersecurity Solution Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Products
• Solutions & Services

Industrial Cybersecurity Solution Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Power
• Utilities
• Chemicals & Manufacturing

Industrial Cybersecurity Solution Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Cybersecurity Solution Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial cybersecurity solution companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial cybersecurity solution companies profiled in this report include-

• IBM
• Honeywell
• ABB
• Schneider Electric
• Cisco Systems
• McAfee
• Siemens
• Dell Technologies
• NortonLifeLock
• Rockwell Automation

Industrial Cybersecurity Solution Market Insights

Lucintel forecasts that network is expected to witness highest growth over the forecast period due to its significant use to protect industrial organizations from cyberattacks.

Within this market, transportation is expected to witness highest growth over the forecast period due to rising use of cybersurity in this sector to protect personal details of the people using web applications for travel tickets.

APAC is expected to witness highest growth over the forecast period due to rapid adoption of iot in organizations to manage and regulate industrial control systems security in the region.

Features of the Global Industrial Cybersecurity Solution Market

Market Size Estimates: Industrial cybersecurity solution market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial cybersecurity solution market size by type, offering, end use, and region in terms of value ($B).

Regional Analysis: Industrial cybersecurity solution market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, offerings, end uses, and regions for the industrial cybersecurity solution market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial cybersecurity solution market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the industrial cybersecurity solution market size?

Answer: The global industrial cybersecurity solution market is expected to reach an estimated $29.8 billion by 2030.

Q2. What is the growth forecast for industrial cybersecurity solution market?

Answer: The global industrial cybersecurity solution market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the industrial cybersecurity solution market?

Answer: The major drivers for this market are increasing digitization of industrial processes and systems and rising number of cyberattacks on industrial systems.

Q4. What are the major segments for industrial cybersecurity solution market?

Answer: The future of the industrial cybersecurity solution market looks promising with opportunities in the power, utility, and chemicals & manufacturing sectors.

Q5. Who are the key industrial cybersecurity solution market companies?

Answer: Some of the key industrial cybersecurity solution companies are as follows:

• IBM
• Honeywell
• ABB
• Schneider Electric
• Cisco Systems
• McAfee
• Siemens
• Dell Technologies
• NortonLifeLock
• Rockwell Automation

Q6. Which industrial cybersecurity solution market segment will be the largest in future?

Answer: Lucintel forecasts that network is expected to witness highest growth over the forecast period due to its significant use to protect industrial organizations from cyberattacks.

Q7. In industrial cybersecurity solution market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid adoption of iot in organizations to manage and regulate industrial control systems security in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial cybersecurity solution market by type (network , endpoint, application , cloud, and wireless), offering (products and solutions & services), end use (power, utilities, and chemicals & manufacturing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?