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Industrial Cybersecurity Market by Type, Product, Solution and Service, End-User Industry And Region - Global Forecast to 2023

Industrial Cybersecurity Market: Global Forecast until 2023

  • August 2017
  • 199 pages
  • ID: 5086560
In this report:
The industrial cybersecurity market for industrial Ethernet switches registered a shipment of ##,##.## thousand units in 2016, which is expected to reach ##,##.## thousand units by 2023, growing at a CAGR of ##.##% during the forecast period.
The industrial cybersecurity market for gateways registered a shipment of ##.## thousand units in 2016, which is expected to reach ##,##.## thousand units by 2023, growing at a CAGR of ##.##% during the forecast period.

Summary

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"Industrial cybersecurity market to grow at a compound annual growth rate (CAGR) of 8.6% during the forecast horizon"

The industrial cybersecurity market is anticipated to be valued at ~$22.8B by 2023, increasing at a compound annual growth rate (CAGR) of 8.60 percent between 2017 and 2023. The increase of the industrial cybersecurity market can be connected to the increased connectivity between IT and OT environments, which is making industrial control systems more prone to intrusions and cyberattacks. Nevertheless, the lack of awareness about cybersecurity and lack of collaboration between the public and private markets are selecting the rise of the industrial cybersecurity market.

"Solutions held a main share of the industrial cybersecurity market in 2016"

Solutions held a main share of the industrial cybersecurity market in 2016. The increase of industrial cybersecurity market for solutions can be accredited to the growing demand for firewall solutions. The need for firewall solutions to protect critical infrastructure is anticipated to proliferate due to the increased sophistication of cyberattacks and security concerns.

"Industrial cybersecurity market for transportation systems market to grow at an important rate between 2017 and 2023"

The industrial cybersecurity market for the transportation systems sector is anticipated to rise at an important rate between 2017 and 2023. The increasing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems. The rising dependence of transportation modes on new technologies is leading to the exposure of transportation control systems to cyberattacks; this is boosting the industry demand for cybersecurity solutions.

"Industrial cybersecurity market in Asia-Pac to grow at an important rate during the outlook period"

The industrial cybersecurity market, on the basis of area, has been divided into north america, EU, Asia Pacific (APAC), and Rest of the globe. North America (NA) held the biggest share of the industrial cybersecurity market in 2016. The area is an early adopter of innovative technologies and is home to a big number of industrial cybersecurity solution providers. The industry in Asia-Pacific is anticipated to grow at the maximal rate between 2017 and 2023 due to the improving IT infrastructure, growing adoption of cloud-based services, and increasing trend of industrial automation in the territory.

Breakdown of profiles of primary members taking part:

• By Company category: Tier 1 - 43.0 percent, Tier 2 - 21.0 percent, and Tier 3 - 36.0 percent

• By Description: CEOs - 35.0 percent, Vice Presidents - 41.0 percent, Co-Founders - 18.0 percent, and Others - 6.0 percent

• By Area: North America continent - 45.0 percent, Asia-Pac - 32.0 percent, Europe (EU) - 14.0 percent, and rest of the world - 9.0 percent

The firms decribed in this business report contain International Business Machines (NYSE:IBM), Honeywell (NYSE:HON), ABB Ltd, Cisco Systems (NASDAQ:CSCO), Schneider Electric (SU), Rockwell Automation (NYSE:ROK), Dell Inc., McAfee, Limited liability company, Symantec (NASDAQ:SYMC), and Kaspersky Lab. The industry report also comprises profiles of new entrants including Indegy, SecurityMatters, CyberX, Bayshore Networks, Incorporated, and Sentryo.

Segment Research

The study depicts the industrial cybersecurity market and related developments in terms of type, product, solution and service, and end-user market across different areas. It aims at evaluating the size and future increase potential of the market for several segments, including type, product, solution and service, end-user sector, and area. Moreover, the analysis includes a detailed competitive analysis of the top players in the sector, together with their company descriptions, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

• this business report includes the statistics pertaining to the industrial cybersecurity market based on type, product, solution and service, end-user market, and territory.

• The main drivers, market restraints, alternatives, and opportunities for the industrial cybersecurity market have been precised in this industry report.

• Illustrative segmentation, study, and estimate established on category, product, solution and service, end-user sector, and area have been provided to give an global view of the industrial cybersecurity market.

• A in-depth competitive landscape has been provided in the market research, containing top players and detailed review of these actors.

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