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US and China Lead Global Industrial Cybersecurity Market Growth | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

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Global Market for Industrial Cybersecurity

Global Market for Industrial Cybersecurity

Global Market for Industrial Cybersecurity

Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) — The “Industrial Cybersecurity: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Industrial Cybersecurity estimated at US$17.1 Billion in the year 2022, is projected to reach a revised size of US$29.7 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$12.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 10.1% CAGR

The Industrial Cybersecurity market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Select Competitors (Total 98 Featured) –

  • ABB Group

  • Bayshore Networks, Inc.

  • Cisco Systems, Inc.

  • Forescout Technologies, Inc.

  • Honeywell International, Inc.

  • IBM Corporation

  • Kaspersky Lab

  • McAfee LLC

  • Microsoft Corporation

  • Rockwell Automation, Inc.

  • Schneider Electric S.A.

  • Tenable, Inc.

  • Toshiba Corporation

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$17.1 Billion

Forecasted Market Value (USD) by 2030

$29.7 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • Industrial Cybersecurity – Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • 2020 Marked as a Year of Disruption & Transformation

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

  • Shift towards Digital Technologies Enhances Prospects for Cybersecurity Technologies & Solutions

  • Global Cybersecurity Market Reset & Trajectory – Growth Outlook (In %) for Years 2019 through 2025

  • COVID-19 Outbreak Heightens Cyber Risk for Industrial Control Systems, Driving Need for Cybersecurity Solutions

  • Cybersecurity Breaches Related to COVID-19 Outbreak during the Period Jan-Apr 2020

  • Impact of Pandemic on Businesses: % of Companies Affected by the COVID-19 Crisis

  • Potential Threats to Industrial Facilities during the Pandemic

  • An Introduction to Industrial Cybersecurity

  • Global Market Prospects & Outlook

  • Application Security Segment Poised for High Growth

  • Power Industry Emerges as the Largest End-Use Market

  • Developed Regions Lead the Global Industrial Cybersecurity Market

  • Competition

  • Industrial Cybersecurity Competitor Market Share Scenario Worldwide (in %): 2020E

  • Recent Market Activity



  • Notable Trends in Industrial Cybersecurity Market

  • Increasing Threats of Cyberattacks on Industrial Control Systems Fuels Market Growth

  • COVID-19 Pandemic Increases Cyberattacks on Industrial Systems: % of Industrial Control System Computers Attacked by Cyber Criminals by Region for 2020

  • Security Threats Facing Industrial Companies: Percentage of Companies Identifying Security as Major Concern for Industrial Systems

  • Rising Threat of Malicious Emails: Proportion of Users Targeted with Malicious Emails by Industry Per Year for 2019

  • Cybersecurity Challenges in Large-Scale Industries

  • Market Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in Industries

  • Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic

  • Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018

  • Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019

  • Rapid Growth in Number of Connected Devices and Increasing IoT Adoption in Industrial Control Systems Enhance Need for Effective Cybersecurity Solutions

  • Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022

  • Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025

  • Industrial Control Systems Cybersecurity Continues to Gain Prominence

  • Leading Sources of ICS Computer Attacks

  • Poor Security Measures Primarily Responsible for Most ICS Cyberattacks

  • Could Automation in ICS Security Combat Cyberattacks

  • IT-OT Convergence Exposes Networks to Targeted Attacks, Necessitating Deployment of Cybersecurity Solutions

  • Rising Use of AI Solutions for Industrial Cybersecurity Data

  • With 5G Devices Poised for Commercialization, Cybersecurity Assumes Criticality

  • 5G Smartphone Sales in Million Units: 2019-2022

  • Global Smartphone Subscription Breakdown by Technology for 2019 and 2025

  • Rising Threat of Disruptionware Attacks on Industrial Systems

  • With Windows 7 Reaching End of Life in 2020, Industrial Systems with Outdated OS Vulnerable to Cyberattacks

  • Amidst Rapidly Changing and Evolving Cyber Threats, Energy Sector Adopts Cybersecurity Solutions to Enhance Security

  • COVID-19-Led Digitalization Trend Drives Need for Robust Cybersecurity Measures in Energy Sector

  • As a Prime Target for Cyber Criminals, Power Sector Witnesses High Demand for Cybersecurity Solutions

  • Digitalization of Coal Power Plants Presents Opportunity for Cybersecurity Market: Number of Existing Coal Plants and New Planned Coal Plants by Select Country/Region for 2019

  • Threat of Cyberattacks on the US Electric Power Sector: Assessing the Impact of Attacks by Various Actors for Power Utilities

  • Evolution of Cyberattacks on Industrial Control Systems in Power Sector: A Historical Timeline

  • IT/OT Convergence Brings Forth Cybersecurity Gaps in Manufacturing Industry

  • Chemical Processing Industry at High Risk of Cyber Crimes, Driving Need for Cybersecurity Solutions

  • With Transportation Systems Worldwide Facing High Risk of Cyberattacks, the Need for Effective Cybersecurity Solutions Grows

  • Rising Risk of Cyber Threats in Auto Industry: An Opportunity for Cybersecurity Vendors

  • As Threat of Cyberattacks on Industrial HazMat Safety Grows, Cybersecurity Comes into the Spotlight

  • Rising Threat of Cyberattacks Raises Importance of Cybersecurity in Oil & Gas Industry

  • Healthcare Networks Confront Growing Threat of Cyberattacks

  • Pandemic Highlights the Imperative Need for Cybersecurity Solutions in Healthcare Industry

  • Increased Government Funding to Address Cybersecurity Breaches Supports Industrial Cybersecurity Market

  • Budget Allocations for Cybersecurity by the US Government for the Years FY2017 to FY2020

  • Emergence of Cyber-Physical Attacks on Critical Infrastructure Raises Importance of Cybersecurity

  • Outsourcing of Cybersecurity Operations Enhances Effectiveness and Value of Security Measures

  • Threat of Cybersecurity Breaches: A Growing Concern for Small Manufacturers

  • Shift towards Smart Factories and the Potential Risk of Cyberattacks Fuels Importance of Cybersecurity for Intelligent Factories

  • Global Smart Factory Market Revenues in US$ Billion by Region/Country for the Years 2018 and 2024

  • Cyberattacks on Industrial Sector Become Increasingly Destructive

  • As SCADA Assumes Significance in Critical Infrastructure, Cybersecurity Concerns Come into Spotlight

  • Industrial Cybersecurity as a Service (ICSaaS): The Future of Industrial Cybersecurity

  • Internet Opens Up a Range of Online Security Issues for Industries, Bringing to Light the Importance of Cybersecurity

  • World Internet Penetration Rate (in %) by Geographic Region: February 2021

  • Number of Internet Users Worldwide (in Billions) for the Years 2011-2019

  • Transforming Industrial Digital Capabilities Necessitate Adoption of New Industrial Cybersecurity Strategies

  • Compliance with Government Regulations Drives Adoption of Industrial Cybersecurity Solutions

  • Innovative Solutions Transform Industrial Cybersecurity Market

  • Industrial Cybersecurity Vs Traditional Cybersecurity

  • Cybersecurity Standards and Frameworks: Pivotal Role in Implementation of Effective Cybersecurity in Industrial Facilities

  • Challenges Facing Industrial Cybersecurity Market




For more information about this report visit https://www.researchandmarkets.com/r/6bw6jq

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