Industrial Cybersecurity Market Analysis By Growth, Emerging Trends and Future Opportunities

Kenneth Research has published a detailed report on Industrial Cybersecurity Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.

The report covers the forecast and analysis of the Industrial Cybersecurity Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Industrial Cybersecurity Market over the period 2019-2026.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.
Over the past years, digital technologies have become the backbone of our economy and are a critical resource all economic sectors rely on. Many business models are built on the uninterrupted availability of the internet and the smooth functioning of information systems. Cybersecurity incidents, be they intentional or accidental, could disrupt the supply of essential services. The growing instances of cyber-attacks have led to government intervention at the industrial level. The governments are creating a fund to prevent such instances to assure that the industrial cyberspace in their country remains protected. Thus, this initiative by the government will drive the market for machine safety.

The driving factors influencing the global industrial cybersecurity solutions market includes increasing phishing threats and malware, growing adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) in the organizations, increasing demand of cloud based cyber security solutions, constant need of industry standards, complexities, and regulations for device security. With the increasing popularity of cyber security, the activities are being highly aligned and prioritized to strategic business activities to reduce the loss of IT resources.

The Cyber Security market growth is higher in North America in the terms of advancements in technology, manufacturing process operations and industrial infrastructure. Among all the regions North America is the hub for a large number of industries and due to early adoption of innovative technology. Also, Asia – pacific is following the lead because of increasing opportunities in emerging countries of Middle East, their adoption towards cloud services and inclination to industrial automation.
This leads to generate a huge scope of opportunities in the global industrial cyber security solutions market. Today, cloud computing is a new big thing to be called and specifically used for outsourcing storage and services. A key cyber-attack involving utility or energy service provider would efficiently cause major outage of power and physical damage in the near future. Thus, due to the increasing concern of cyber threat, cyber-attacks occurring in the organization and businesses it has majorly driven the demand for industrial cybersecurity solutions industry.

Market Segmentations
.
By Product
*Gateway
*Router
*Ethernet Switches

By Organization Size
*Large
*SME’s

By Solutions
*Antivirus
*Firewall
*DDos
*Data Loss Prevention (DLP)
*SCADA

By Regional Ananlysis
North America
*U.S.
*Canada

Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe

Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific

Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM

Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA

Industrial Cybersecuritymarket competition by top manufacturers/ Key player Profiled: IBM,Honeywell,ABB,Cisco,Schneider Electric, McAfee, Siemens, Dell, Symantec, Rockwell, Kaspersky Lab, Startup Ecosystem

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Competitive Analysis:
The Industrial Cybersecurity Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Key points covered in this report:
• The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
• The import and export details along with consumption value and production capability of every region is mentioned in the report.
• Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
• The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies.

The Industrial Cybersecurity Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Industrial Cybersecurity Market before evaluating its possibility.

About Kenneth Research:
Kenneth Research is a reselling agency which focuses on multi-client market research database. The primary goal of the agency is to help industry professionals including various individuals and organizations gain an extra edge of competitiveness and help them identify the market trends and scope. The quality reports provided by the agency aims to make decision making easier for industry professionals and take firm decisions which helps them to form strategies after complete assessment of the market. Some of the industries under focus include healthcare & pharmaceuticals, ICT & Telecom, automotive and transportation, energy and power, chemicals, FMCG, food and beverages, aerospace and defense and others. Kenneth Research also focuses on strategic business consultancy services and offers a single platform for the best industry market research reports.

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Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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