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Industrial Cybersecurity - Global Strategic Business Report

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    Report

  • 530 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805825
The global market for Industrial Cybersecurity is estimated at US$17.0 Billion in 2023 and is projected to reach US$25.1 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the industrial cybersecurity market is driven by several factors, including the increasing frequency and sophistication of cyberattacks, regulatory and compliance requirements, and the growing adoption of IoT and automation technologies. Industries are recognizing the need to protect critical infrastructure and data, leading to significant investments in cybersecurity solutions. Technological advancements in AI and ML are enhancing the ability to detect anomalies and potential threats before they can impact industrial operations.

Moreover, global standards and regulations are mandating stronger security practices, pushing industries toward adopting best practices in cybersecurity. Consumer behavior is also influencing market growth, as businesses demand more secure and resilient industrial control systems to safeguard against disruptions that could affect service delivery and safety.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Wireless Security segment, which is expected to reach US$8.4 Billion by 2030 with a CAGR of a 7.6%. The Network Security segment is also set to grow at 4.2% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $4.6 Billion in 2023, and China, forecasted to grow at an impressive 9.5% CAGR to reach $5.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Industrial Cybersecurity Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Cybersecurity Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Industrial Cybersecurity Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Broadcom Inc., Accenture PLC, BlackBerry Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 98 Featured):

  • Broadcom Inc.
  • Accenture PLC
  • BlackBerry Ltd.
  • Capgemini SE
  • Baker Hughes Company
  • Belden, Inc.
  • Booz Allen Hamilton. Inc.
  • Bechtel Corporation
  • Bayshore Networks, Inc.
  • aeSolutions
  • Applied Risk B.V.
  • Baker Hughes Digital Solutions
  • Advent One Pty Ltd.
  • B2C Engineering
  • AES Controls

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Industrial Cybersecurity - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • 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
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Notable Trends in Industrial Cybersecurity Market
  • Increasing Threats of Cyberattacks on Industrial Control Systems Fuels Market Growth
  • EXHIBIT 1:% of Industrial Control System Computers Attacked by Cyber Criminals by Region
  • 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
  • Cybersecurity Challenges in Large-Scale Industries
  • Market Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in Industries
  • Average Annual Cost of Cybercrime (in US$ Million) by Industry
  • Average Cost of Data Breach Per Organization Worldwide (in US$ Million)
  • 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
  • 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
  • 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
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Industrial Cybersecurity Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Industrial Cybersecurity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Industrial Cybersecurity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Industrial Cybersecurity by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Wireless Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Wireless Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Wireless Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Network Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Network Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Network Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Endpoint Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Endpoint Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Endpoint Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Cloud Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Cloud Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Cloud Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Application Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Application Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Application Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Other Security Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Other Security Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Other Security Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for On-Premise Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for On-Premise Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for On-Premise Deployment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Cloud Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Cloud Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Cloud Deployment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Power End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Power End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Power End-User by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Energy & Utilities End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Energy & Utilities End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 34: World 16-Year Perspective for Energy & Utilities End-User by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 35: World Recent Past, Current & Future Analysis for Transportation Systems End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 36: World Historic Review for Transportation Systems End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 37: World 16-Year Perspective for Transportation Systems End-User by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 38: World Recent Past, Current & Future Analysis for Chemical & Manufacturing End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 39: World Historic Review for Chemical & Manufacturing End-User by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 40: World 16-Year Perspective for Chemical & Manufacturing End-User by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 41: World Recent Past, Current & Future Analysis for Other End-Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 42: World Historic Review for Other End-Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 43: World 16-Year Perspective for Other End-Users by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • USA: A Prime Target of Cyberattacks
CANADA
JAPAN
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
FRANCE
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • UK Manufacturers Face Increasingly Ambitious Cyberattacks
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Industrial Cybersecurity in India: A Nascent Market
AUSTRALIA
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Industrial Cybersecurity Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • Broadcom Inc.
  • Accenture PLC
  • BlackBerry Ltd.
  • Capgemini SE
  • Baker Hughes Company
  • Belden, Inc.
  • Booz Allen Hamilton. Inc.
  • Bechtel Corporation
  • Bayshore Networks, Inc.
  • aeSolutions
  • Applied Risk B.V.
  • Baker Hughes Digital Solutions
  • Advent One Pty Ltd.
  • B2C Engineering
  • AES Controls

Table Information