Global Industrial Cybersecurity Solution Market Size, Share, and Trends Analysis Report, By Type (Antivirus, Firewall, SCADA Encryption, Data Loss Prevention (DLP), Security Information and Event Management (SIEM), Intrusion Detection Systems/Intrusion Prevention Systems, Unified Threat Management (UTM), Identity and Access Management (IAM), Distributed Denial of Service (DDoS), and Others), By Application (Energy and Utilities, Transportation, Chemical and Manufacturing, and Others), Forecast (2022-2028)The global industrial cybersecurity solution market is anticipated to grow at a significant CAGR of 9.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising incidence of cybercrimes across discrete and process management industries, the rise in demand for industrial cybersecurity in other end-use industries, such as oil and gas, aerospace and defense, automotive, and energy and power. In addition, the growing focus of government organizations such as the Industrial Control Systems Cyber Emergency Response Team (ICS-CERT) and the National Institute of Standards and Technology (NIST). These organizations are continuously releasing rules and regulations, security guidelines, and standards for the security of industrial control systems. This is also supporting the growth of the global industrial cybersecurity solution market to grow further during the forecast period.
Some major players in the market include Honeywell International Inc., Schneider Electric Corp., and Rockwell Automation, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2019, International Business Machines Corp. (IBM) introduced Cloud Pak for Security which features industry-first innovations to connect with any security tool, cloud, or on-premise system. The company added that the platform consists of open-source technology for hunting threats, an automation portfolio to assist in speed response to cyberattacks, and the ability to run in any environment. Furthermore, Microsoft announced the launch of various enterprise security solutions such as Microsoft Threat Protection GA, Microsoft 365 Insider Risk Management GA, Microsoft 365 Communication Compliance GA, Office 365 ATP Compromise Detection and Response GA, Azure Sentinel Enhancements, Office 365 ATP Campaign Views GA, Microsoft Defender ATP for Linux Previews, Azure Active Directory and FIDO2 Preview, Azure Security Center for IoT Perks.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top Major Key Players:
Honeywell International Inc., Schneider Electric Corp., and Rockwell Automation, Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
A full report of industrial cybersecurity solution market is available at:
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Global Industrial Cybersecurity Solution Market Report by Segment
By Type
Antivirus
Firewall
SCADA Encryption
Data Loss Prevention (DLP)
Security Information and Event Management (SIEM)
Intrusion Detection Systems/Intrusion Prevention Systems
Identity and Access Management (IAM)
Unified Threat Management (UTM)
Distributed Denial of Service (DDoS)
Others
By Application
Energy & Utilities
Transportation Systems
Chemical and Manufacturing
Others
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