HOME Top Market Reports Industrial Cybersecurity Market by Type (Network, Application, Endpoint, Wireless, Cloud, Others), Product (Gateways and Networking Devices), Solution and Service, End-User Industry, and Region - Global Forecast to 2023

Industrial Cybersecurity Market by Type (Network, Application, Endpoint, Wireless, Cloud, Others), Product (Gateways and Networking Devices), Solution and Service, End-User Industry, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: SE 5524

 

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The industrial cybersecurity market comprises products such as gateways, routers, and industrial Ethernet switches; solutions such as antivirus, data loss prevention, and identity and access management; and services. The market is expected to grow at a CAGR of 8.6% during the forecast period to reach USD 22.79 Billion by 2023 from USD 12.72 Billion in 2016. The base year used for this study is 2016 and the forecast period is between 2017 and 2023.

Objectives of the Study

  • To define, describe, and forecast the overall industrial cybersecurity market on the basis of type, product, solution and service, end-user industry, and geography
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the industrial cybersecurity market for stakeholders and detail the competitive landscape for market players
  • To forecast the market size for various segments with respect to four main regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their market rankings and core competencies2
  • To provide detailed information regarding the major factors influencing the growth of the industrial cybersecurity market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, product launches, and research and development (R&D) carried out by the players in the Industrial cybersecurity market
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments, such as product developments, collaborations, and acquisitions

Research Methodology

Both, top-down and bottom-up approaches have been employed in the study to estimate the size of the industrial cybersecurity market. This entire research methodology includes the study of annual and financial reports of top players, presentations, and press releases; associations/consortiums such as Semiconductor Industry Association (SIA), National Cybersecurity Center of Excellence, and National Cybersecurity Division; paid databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource; and interviews with industry experts. Also, the average revenue generated by the companies in each region has been used to arrive at the overall industrial cybersecurity market size. The overall market size has then been used in the top-down procedure to estimate the size of other individual markets through percentage splits from secondary and primary research.

Industrial Cybersecurity Market

To know about the assumptions considered for the study, download the pdf brochure

Some of the major players in the industrial cybersecurity market are International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), and McAfee, LLC (US).

Target Audience:

  • Raw Material and Manufacturing Equipment Suppliers
  • Semiconductor Wafer Vendors
  • Fabless Players
  • Foundry Players
  • Original Equipment Manufacturers (OEMs)
  • Original Design Manufacturers (ODM) and OEM Technology Solution Providers
  • Cybersecurity Vendors
  • Networking Solution Providers
  • Distributors and Retailers
  • Research Organizations
  • Technology Standard Organizations, Forums, Alliances, and Associations
  • Technology Investors
  • Operating System (OS) Vendors
  • Software Providers
  • Cloud Providers
  • Value Added Resellers (VARs)

Segmentation of the Industrial Cybersecurity Market:

By Type

  • Network Security
  • Application Security
  • Endpoint Security
  • Wireless Security
  • Cloud Security
  • Others

By Product

  • Gateways
  • Networking Devices
    • Routers 
    • Industrial Ethernet Switches

By Solution and Service

  • Solutions
    • Antivirus/Malware
    • Firewall
      • Proxy Firewall
      • Packet Filtering Firewall
      • Stateful Inspection Firewall
      • Next Generation Firewall (NGFW)
    • SCADA Encryption
    • Virtualization Security
    • 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
      • Patch Update Management
      • Application Whitelisting
      • Database Activity Monitoring (DAM)
    • Services
      • Managed Services
      • Professional Services
        • Risk Management Services (RMS)
        • Audit and Reporting
        • Design, Integration, and Consulting

By End-User Industry

  • Power
    • Power Generation
      • Nuclear Power Plants
      • Thermal & Hydro Power Plants
      • Renewable Energy Power Plants
    • Power Grids
  • Energy & Utilities
    • Oil and Gas Pipelines
    • Electric Power Transmission
    • Water Treatment and Distribution
    • Wastewater Collection and Treatment
  • Transportation Systems
    • Airports
    • Seaports
    • Railways
    • Others
  • Chemical and Manufacturing
    • Automated Production Units
    • Refining Plants
    • Mining Units
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • South America

“This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments.”

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Country-wise breakdown of various regions, including North America, Europe, APAC, and RoW
  • Comprehensive coverage of regulations followed in each region (North America, APAC, and Europe)

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Introduction
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Breakdown of Primaries
                    2.1.3.3 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Industrial Cybersecurity Market
    4.2 Market, By End-User Industry and the North American Countries, 2016
    4.3 Market, By Type
    4.4 Market, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Funding to Improve Cybersecurity of Industrial Environment
                    5.2.1.2 Rising Cyberattacks on Industrial Control Systems
                    5.2.1.3 Growth in the Number of Connected Devices and Increasing Adoption of IoT in Industrial Control Systems
           5.2.2 Restraints
                    5.2.2.1 High Costs of Innovation Pertaining to Cybersecurity
           5.2.3 Opportunities
                    5.2.3.1 Government Organizations’ Support to Secure Industrial Control Systems
                    5.2.3.2 Inter Sale of Industrial Cybersecurity Solution Among ICS Vendors
           5.2.4 Challenges
                    5.2.4.1 Lack of Collaboration Between Public and Private Sectors
                    5.2.4.2 Lack of Awareness About Cybersecurity
    5.3 Global Cybersecurity Standards and Frameworks
           5.3.1 ISA/IEC 62443 (Previously ISA-99) – Industrial Network and System Security
           5.3.2 National Institute of Standards and Technology– SP 800–82 (NIST SP 800–82) – Guide to Industrial Control Systems  Security
           5.3.3 International Organization for Standardization 27002 (ISO 27002) – Information Security Standard
           5.3.4 Working-Party on Instrument Behaviour M-2784 (WIB M-2784) – Process Control Domain: Security Requirements for Vendors
    5.4 Value Chain Analysis
    5.5 Key Industry Trends in the Industrial Cybersecurity Market

6 Process Automation Market, By Technology (Page No. - 50)
    6.1 Introduction
    6.2 Supervisory Control and Data Acquisition (SCADA)
    6.3 Programmable Logic Controller (PLC)
    6.4 Distributed Control System (DCS)
    6.5 Manufacturing Execution System (MES)
    6.6 Human Machine Interface (HMI)
    6.7 Safety Automation
           6.7.1 Emergency Shutdown Systems (ESD)
           6.7.2 Fire & Gas Monitoring Control
           6.7.3 Turbomachinery Control (TMC)
           6.7.4 Burner Management System (BMS)
           6.7.5 High-Integrity Pressure Protection Systems (HIPPS)

7 Industrial Cybersecurity Market, By Type (Page No. - 58)
    7.1 Introduction
    7.2 Network Security
    7.3 Endpoint Security
    7.4 Application Security
    7.5 Cloud Security
    7.6 Wireless Security
    7.7 Others

8 Industrial Cybersecurity Market, By Product (Page No. - 76)
    8.1 Introduction
    8.2 Gateways
    8.3 Networking Devices
           8.3.1 Routers
           8.3.2 Industrial Ethernet Switches

9 Industrial Cybersecurity Market Analysis, By Solution and Service (Page No. - 84)
    9.1 Introduction
    9.2 Solutions
           9.2.1 Antivirus/Malware
           9.2.2 Firewall
                    9.2.2.1 Proxy Firewall
                    9.2.2.2 Packet Filtering Firewall
                    9.2.2.3 Stateful Inspection Firewall
                    9.2.2.4 Next-Generation Firewall (NGFW)
           9.2.3 SCADA Encryption
           9.2.4 Virtualization Security
           9.2.5 Data Loss Prevention (DLP)
           9.2.6 Security Information and Event Management (SIEM)
           9.2.7 Intrusion Detection System/Intrusion Prevention System
           9.2.8 Identity and Access Management (IAM)
           9.2.9 Unified Threat Management (UTM)
           9.2.10 Distributed Denial of Service (DDoS)
           9.2.11 Others
                    9.2.11.1 Application Whitelisting
                    9.2.11.2 Update and Patch Management
                    9.2.11.3 Database Activity Monitoring (DAM)
    9.3 Services
           9.3.1 Managed Services
           9.3.2 Professional Services
                    9.3.2.1 Risk Management Services (RMS)
                    9.3.2.2 Audit and Reporting
                    9.3.2.3 Design, Integration, and Consulting

10 Industrial Cybersecurity Market Analysis, By End-User Industry (Page No. - 98)
     10.1 Introduction
     10.2 Power
             10.2.1 Power Generation
                        10.2.1.1 Nuclear Power Plants
                        10.2.1.2 Thermal & Hydro Power Plants
                        10.2.1.3 Renewable Energy Power Plants
             10.2.2 Power Grid
     10.3 Energy and Utilities
             10.3.1 Oil & Gas Pipelines
             10.3.2 Electric Power Transmission
             10.3.3 Water Treatment and Distribution
             10.3.4 Wastewater Collection and Treatment
     10.4 Transportation Systems
             10.4.1 Airports
             10.4.2 Seaports
             10.4.3 Railways
             10.4.4 Others
     10.5 Chemicals and Manufacturing
             10.5.1 Automated Production Units
             10.5.2 Refining Plants
             10.5.3 Mining Units
     10.6 Others

11 Geographic Analysis (Page No. - 122)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Italy
             11.3.5 Netherlands
             11.3.6 Rest of Europe
     11.4 Asia Pacific (APAC)
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
             11.4.5 Rest of the APAC
     11.5 Rest of the World (RoW)
             11.5.1 Middle East and Africa (MEA)
             11.5.2 South America

12 Competitive Landscape (Page No. - 141)
     12.1 Overview
     12.2 Market Ranking Analysis: Industrial Cybersecurity Market, 2016
     12.3 Competitive Leadership Mapping
     12.4 Industrial Cybersecurity Market (Global): Competitive Leadership Mapping, 2017
             12.4.1 Visionary Leaders
             12.4.2 Dynamic Differentiators
             12.4.3 Innovators
             12.4.4 Emerging Companies
     12.5 Business Strategy Excellence (26 Players)
     12.6 Strength of Product Portfolio (26 Players)
*Top 26 companies analyzed for this study are -International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), McAfee, LLC (US), Siemens AG (Germany), Dell Inc. (US), Symantec Corporation (US), Rockwell Automation, Inc. (US), Kaspersky Lab (Russia), Juniper Networks, Inc. (US), Trend Micro Incorporated (Japan), General Electric Company (US), Belden Inc. (US), Thales Group (France), Lanner Electronics Incorporated (Taiwan), Palo Alto Networks, Inc. (US), Westermo (Sweden), PHOENIX CONTACT (Germany), NexDefense, Inc (US), Indegy (Israel), SecurityMatters (the Netherlands), Bayshore Networks, Inc. (US), Sentryo (France), CyberX (US)
     12.7 Competitive Situations and Trends
             12.7.1 Partnerships, Collaborations, Alliances, and Joint Ventures
             12.7.2 Product Launches and Developments
             12.7.3 Acquisitions


13 Company Profiles (Page No. - 154)
     13.1 Introduction
     13.2 International Business Machines (IBM) Corporation (US)
             13.2.1 Overview
             13.2.2 Product Listing
             13.2.3 Strength of Product Portfolio
             13.2.4 Business Strategy Excellence
             13.2.5 Recent Developments
             13.2.6 Key Relationships
     13.3 Honeywell International Inc.
             13.3.1 Overview
             13.3.2 Product Listing
             13.3.3 Strength of Product Portfolio
             13.3.4 Business Strategy Excellence
             13.3.5 Recent Developments
             13.3.6 Key Relationships
     13.4 ABB Ltd
             13.4.1 Overview
             13.4.2 Product Listing
             13.4.3 Strength of Product Portfolio
             13.4.4 Business Strategy Excellence
             13.4.5 Recent Developments
             13.4.6 Key Relationships
     13.5 Cisco Systems, Inc.
             13.5.1 Overview
             13.5.2 Product Listing
             13.5.3 Strength of Product Portfolio
             13.5.4 Business Strategy Excellence
             13.5.5 Recent Developments
             13.5.6 Key Relationships
     13.6 Schneider Electric
             13.6.1 Overview
             13.6.2 Product Listing
             13.6.3 Strength of Product Portfolio
             13.6.4 Business Offering Excellence
             13.6.5 Recent Developments
             13.6.6 Key Relationships
     13.7 McAfee, LLC (Intel Security)
             13.7.1 Overview
             13.7.2 Product Listing
             13.7.3 Strength of Product Portfolio
             13.7.4 Business Strategy Excellence
             13.7.5 Recent Developments
             13.7.6 Key Relationships
     13.8 Siemens AG
             13.8.1 Overview
             13.8.2 Product Listing
             13.8.3 Strength of Product Portfolio
             13.8.4 Business Strategy Excellence
             13.8.5 Recent Developments
             13.8.6 Key Relationships
     13.9 Dell Inc.
             13.9.1 Overview
             13.9.2 Product Listing
             13.9.3 Strength of Product Portfolio
             13.9.4 Business Strategy Excellence
             13.9.5 Recent Developments
             13.9.6 Key Relationships
     13.10 Symantec Corporation
             13.10.1 Overview
             13.10.2 Product Listing
             13.10.3 Strength of Product Portfolio
             13.10.4 Business Strategy Excellence
             13.10.5 Recent Developments
             13.10.6 Key Relationships
     13.11 Rockwell Automation, Inc.
             13.11.1 Overview
             13.11.2 Product Listing
             13.11.3 Strength of Product Portfolio
             13.11.4 Business Strategy Excellence
             13.11.5 Recent Developments
             13.11.6 Key Relationships
     13.12 Kaspersky Lab
             13.12.1 Overview
             13.12.2 Product Listing
             13.12.3 Strength of Product Portfolio
             13.12.4 Business Strategy Excellence
             13.12.5 Recent Developments
     13.13 Startup Ecosystem
             13.13.1 Indegy
             13.13.2 Securitymatters
             13.13.3 Bayshore Networks, Inc.
             13.13.4 Sentryo
             13.13.5 Cyberx

14 Appendix (Page No. - 205)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (65 Tables)

Table 1 Currency Table
Table 2 List of Major Secondary Sources
Table 3 Government Funding Plans for the Cybersecurity Market
Table 4 Process Automation Market, By Technology, 2014–2023 (USD Billion)
Table 5 Industrial Cybersecurity Market, By Type, 2014–2023 (USD Billion)
Table 6 Industrial Cybersecurity Market for Network Security, By Region, 2014–2023 (USD Million)
Table 7 Market for Network Security, By End-User Industry, 2014–2023 (USD Million)
Table 8 Market for Endpoint Security, By Region, 2014–2023 (USD Million)
Table 9 Market for Endpoint Security, By End-User Industry, 2014–2023 (USD Million)
Table 10 Industrial Cybersecurity Market for Application Security, By Region, 2014–2023 (USD Million)
Table 11 Market for Application Security, By End-User Industry, 2014–2023 (USD Million)
Table 12 Market for Cloud Security, By Region, 2014–2023 (USD Million)
Table 13 Market for Cloud Security, By End-User Industry, 2014–2023 (USD Million)
Table 14 Industrial Cybersecurity Market for Wireless Security, By Region, 2014–2023 (USD Million)
Table 15 Market for Wireless Security, By End-User Industry, 2014–2023 (USD Million)
Table 16 Market for Other Types, By Region, 2014–2023 (USD Million)
Table 17 Market for Other Types, By End-User Industry, 2014–2023 (USD Million)
Table 18 Industrial Cybersecurity Market, By Product, 2014–2023  (USD Billion)
Table 19 Market, By Product, 2014–2023 (Million Units)
Table 20 Market for Gateways, By End-User Industry (2014–2023 USD Million)
Table 21 Market for Gateways, 2014–2023 (Thousand Units)
Table 22 Industrial Cybersecurity Market for Networking Devices, By Type, 2014–2023 (USD Million)
Table 23 Market for Networking Devices, By Type, 2014–2023 (Thousand Units)
Table 24 Market for Networking Devices, By End-User Industry, 2014–2023 (USD Million)
Table 25 Industrial Cybersecurity Market, By Solution and Service, 2014–2023 (USD Billion)
Table 26 Market, By Solution, 2014–2023 (USD Million)
Table 27 Market for Solutions, By End-User Industry, 2014–2023 (USD Million)
Table 28 Industrial Cybersecurity Market, By Service, 2014–2023 (USD Million)
Table 29 Market, By Professional Service, 2014–2023 (USD Million)
Table 30 Industrial Cybersecurity Market for Services, By End-User Industry, 2014–2023 (USD Million)
Table 31 Global Industrial Cybersecurity Market, By End-User Industry, 2014–2023 (USD Billion)
Table 32 Market for Power Industry, By Offering, 2014–2023 (USD Million)
Table 33 Market for Power Industry, By Product, 2014–2023 (USD Million)
Table 34 Market for Power Industry, By Solution and Service, 2014–2023 (USD Million)
Table 35 Market for Power Industry, By Region, 2014–2023 (USD Million)
Table 36 Market for Power Industry, By Type, 2014–2023  (USD Million)
Table 37 Market for Energy and Utility Industry, Offering, 2014–2023 (USD Million)
Table 38 Market for Energy and Utility Industry, By Product, 2014–2023 (USD Million)
Table 39 Market for Energy and Utility Industry, By Solution and Service, 2014–2023 (USD Million)
Table 40 Market for Energy and Utility Industry, By Region, 2014–2023 (USD Million)
Table 41 Market for Energy and Utility Industry, By Type, 2014–2023  (USD Million)
Table 42 Industrial Cybersecurity Market for Transportation Systems Industry, By Offering, 2014–2023 (USD Million)
Table 43 Market for Transportation Systems Industry, By Product, 2014–2023 (USD Million)
Table 44 Market for Transportation Systems Industry, By Solution and Service, 2014–2023 (USD Million)
Table 45 Market for Transportation Systems Industry, By Region, 2014–2023 (USD Million)
Table 46 Market for Transportation Systems Industry, By Type, 2014–2023 (USD Million)
Table 47 Market for Chemicals and Manufacturing Industry, By Offering, 2014–2023 (USD Million)
Table 48 Market for Chemicals and Manufacturing Industry, By Product, 2014–2023 (USD Million)
Table 49 Market for Chemicals and Manufacturing Industry, By Solution and Service, 2014–2023 (USD Million)
Table 50 Market for Chemicals and Manufacturing Industry, By Region, 2014–2023 (USD Million)
Table 51 Market for Chemicals and Manufacturing Industry, By Type, 2014–2023 (USD Million)
Table 52 Industrial Cybersecurity Market for Other Industries, By Offering, 2014–2023 (USD Million)
Table 53 Market for Other Industries, By Product, 2014–2023 (USD Million)
Table 54 Market for Other Industries, By Solution and Service, 2014–2023 (USD Million)
Table 55 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 56 Market for Other Industries, By Type, 2014–2023 (USD Million)
Table 57 Industrial Cybersecurity Market, By Region,  2014–2023 (USD Billion)
Table 58 Market in North America, By End-User Industry, 2014–2023 (USD Million)
Table 59 Market in North America, By Country,  2014–2023 (USD Million)
Table 60 Market in Europe, By End-User Industry, 2014–2023 (USD Million)
Table 61 Market in Europe, By Country/Region, 2014–2023 (USD Million)
Table 62 Market in APAC, By End-User Industry, 2014–2023 (USD Million)
Table 63 Market in APAC, By Country/Region, 2014–2023 (USD Million)
Table 64 Market in RoW, By End-User Industry, 2014–2023 (USD Million)
Table 65 Market in RoW, By Region, 2014–2023 (USD Million)


List of Figures (53 Figures)
 
Figure 1 Industrial Cybersecurity Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Assumptions for the Research Study
Figure 5 Industrial Cybersecurity Market for Products to Grow at the Highest CAGR During the Forecast Period
Figure 6 Network Security Held the Largest Share of the Market in 2016
Figure 7 Power Industry Held the Largest Share of the Industrial Cybersecurity Market in 2016
Figure 8 Industrial Cybersecurity Market, By Geography, 2016
Figure 9 Significant Government Funding Related to Cybersecurity and Increasing Integration of Smart Technologies in Industrial Systems to Drive Market Growth During the Forecast Period
Figure 10 Power Industry Held the Largest Share of the Market in 2016
Figure 11 Network Security Held the Largest Share of the Market in 2016
Figure 12 North America Held the Share of the Industrial Cybersecurity Market in 2016
Figure 13 Industrial Cybersecurity Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 History of Cyberattacks on Infrastructure
Figure 15 Industrial Cybersecurity Market: Value Chain
Figure 16 Key Trends in the Industrial Cybersecurity Market
Figure 17 Market for Application Security to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America to Hold the Largest Share of the Market for Network Security in 2017
Figure 19 Power Industry to Hold the Largest Share of the Market for Endpoint Security in 2017
Figure 20 APAC to Dominate the Market for Application Security During the Forecast Period
Figure 21 Power Industry to Hold the Largest Share of the Market for Cloud Security in 2017
Figure 22 North America to Hold the Largest Share of the Market for Wireless Security in 2017
Figure 23 Market for Other Industrial Cybersecurity Types for Transportation Systems Industry to Grow at the Highest Rate During the Forecast Period
Figure 24 Market for Gateways to Grow at A Higher Rate During the Forecast Period
Figure 25 Power Industry to Hold the Largest Share of the Market for Gateways in 2017
Figure 26 Industrial Ethernet Switches to Dominate the Market for Networking Devices By 2023
Figure 27 Market for Solutions to Grow at A Higher Rate During the Forecast Period
Figure 28 Market for Identity and Access Management to Grow at the Highest Rate During the Forecast Period
Figure 29 Power Industry to Hold the Largest Share of the Market for Solutions in 2017
Figure 30 Professional Services to Hold A Larger Share of the Market for Services in 2017
Figure 31 Market for Risk Management Services to Grow at the Highest Rate During the Forecast Period
Figure 32 Industrial Cybersecurity Market for Transportation Systems Industry to Grow at the Highest CAGR During the Forecast Period
Figure 33 North America to Hold the Largest Share of the Industrial Cybersecurity Market for the Power Industry in 2017
Figure 34 North America to Hold the Largest Share of the Market for the Energy and Utility Industry in 2017
Figure 35 Market for Industrial Cybersecurity Products for Transportation Systems Industry to Grow at A Higher Rate During the Forecast Period
Figure 36 North America to Hold the Largest Share of the Industrial Cybersecurity Market for the Transportation Systems Industry in 2017
Figure 37 Market for Industrial Cybersecurity Products for Other Industries to Grow at A Higher Rate During the Forecast Period
Figure 38 Market in APAC to Grow at the Highest Rate Between 2017 and 2023
Figure 39 Snapshot of the Industrial Cybersecurity Market in North America
Figure 40 Snapshot of the Market in Europe
Figure 41 Snapshot of the Market in APAC
Figure 42 Snapshot of the Market in RoW
Figure 43 IBM Corporation: Company Snapshot
Figure 44 Honeywell International Inc.: Company Snapshot
Figure 45 ABB Ltd: Company Snapshot
Figure 46 Cisco Systems, Inc.: Company Snapshot
Figure 47 Schneider Electric: Company Snapshot
Figure 48 McAfee LLC: Company Snapshot
Figure 49 Siemens AG : Company Snapshot
Figure 50 Dell Inc.: Company Snapshot
Figure 51 Symantec Corporation: Company Snapshot
Figure 52 Rockwell Automation, Inc.: Company Snapshot
Figure 53 Kaspersky Lab : Company Snapshot

The industrial cybersecurity market was valued at USD 12.72 Billion in 2016 and is expected to reach USD 22.79 Billion by 2023, at a CAGR of 8.6% during the forecast period. The growth of the market is driven by the rising governments funding to tackle security breaches and improve industrial cybersecurity, growing number of connected devices, and increasing adoption of IoT in industrial control systems.

Of all the major end-user industries, the power industry held the largest share of the industrial cybersecurity market in 2016. Technological advancements are being carried out in the power industry to increase the production efficiency. The increasing dependence on technologies is making the power sector more prone to cyber threats. These advancements would significantly increase the demand for industrial cybersecurity solutions. Industry players are developing various products for the security of the industrial sector.

The industrial cybersecurity market for the transportation systems industry is expected to grow at a high rate between 2017 and 2023. The growing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems. The increasing dependence of transportation modes on new technologies has led to the exposure of transportation control systems to cyberattacks; this is boosting the demand for cybersecurity solutions.

On the basis of type, the industrial cybersecurity market has been segmented into network security, endpoint security, application security, cloud security, wireless security, and others (database security and web security). Network security held the largest share of the market in 2016. The growth of this market can be attributed to the increasing number of web-based applications and the rising security breaches targeting industrial infrastructure and plant operations, wherein hackers try to gain access to sensitive data.

Industrial Cybersecurity Market

The industrial cybersecurity market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Of all the regions, North America held the largest share of the industrial cybersecurity market in 2016. The region is an early adopter of innovative technologies and is home to a large number of industrial cybersecurity solution providers. It is also is one of the fastest-growing markets in terms of technological advancements, manufacturing operations, and infrastructure. The market in APAC is expected to grow at the highest rate between 2017 and 2023 owing to the improving IT infrastructure, rising adoption of cloud-based services, and growing trend of industrial automation in the region

One of the major factors restraining the growth of the global industrial cybersecurity market is the high costs of innovation pertaining to cybersecurity. Several organizations consider the cost of innovation pertaining to advanced cybersecurity as a financial constraint, which is limiting the growth of the market.

The companies profiled in this report include International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), McAfee, LLC (US), Symantec Corporation (US), and Kaspersky Lab (Russia). The report also includes profiles of new entrants such as Indegy (Israel), SecurityMatters (Netherlands), CyberX (US), Bayshore Networks, Inc. (US), and Sentryo (France).

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