Industrial Cybersecurity Market Worth $49.53 Billion by 2030>
Meticulous Research –
The industrial cybersecurity market is expected to reach $49.53 billion by 2030, with a CAGR of 14.8% during the forecast period 2023–2030.
Factors driving this growth include disruptive digital technologies, increased frequency and sophistication of cyberattacks, and a growing need for cloud-based security solutions.
This market is also offering growth opportunities through the use of Artificial Intelligence, Machine Learning, and Blockchain technologies for cyber defense.
However, challenges include the use of mobile devices as an attack vector and vulnerability issues with IoT devices.
Notably, the COVID-19 pandemic has accelerated the demand for cybersecurity solutions in the industrial sector, leading to opportunities for market growth.
As technology continues to advance, cybersecurity incidents in smart factories have increased, disrupting manufacturing processes.
The report also highlights the emergence of advanced technologies such as AI, machine learning, and IoT, which have made the manufacturing sector more susceptible to cyber threats.
The solutions segment is expected to account for the largest market share, with endpoint security projected to have the highest CAGR during the forecast period.
The industrial manufacturing segment dominates the market, and North America is expected to account for the largest share of the global industrial cybersecurity market.
Key players in this space include Fortinet, Cisco Systems, Juniper Networks, Palo Alto Networks, IBM, Check Point Software, F5, Splunk, and Microsoft, among others.
Link: https://www.meticulousresearch.com/product/industrial-cybersecurity-market-5316