Kings Research is delighted to announce the publication of its latest market research study on the Industrial Cybersecurity Market was valued at USD 22.91 billion in 2022 and is projected to reach USD 44.65 billion by 2030, growing at a CAGR of 8.54% from 2023 to 2030. The global market is constantly evolving, and businesses need to stay up-to-date with the latest trends and developments in order to remain competitive.
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Competitive Landscape:
This competitive landscape is influenced by several factors, including technological advancements, shifting consumer preferences, regulatory frameworks, and economic conditions. Businesses operating in this market must stay vigilant to these influences to stay ahead in the competitive race. This study equips businesses with valuable information to assess their competitive environment and make well-informed business decisions.
Key Players: -
- ABS Group of Companies, Inc.
- Bechtel Corporation
- Cisco Systems, Inc.
- Fortinet, Inc.
- Honeywell International Inc.
- Microsoft
- Rockwell Automation
- Schneider Electric
- Siemens
- Thales
- IBM
The report covers major market drivers, restraints, challenges, and opportunities, as well as emerging technologies, market trends, and technological integration, making sure the information stays up-to-date. It further provides an overview of the factors bolstering product sales, such as the introduction of novel features, rising investments in R&D activities, and expanding production capacities.
Market Segmentation
Segmentation analysis is a crucial tool for comprehending and analyzing the global market. This study report identifies segments by dividing the market into distinct categories based on characteristics like demographics, geographic location, psychographics, behavior, and preferences. Businesses can leverage this segmentation to effectively target specific customer groups by utilizing tailored marketing strategies and offerings that align with their unique needs and preferences.
By Type
- Network Security
- Endpoint Security
- Cloud Security
- Application Security
- Others
By Component
- Hardware
- Software
- Services
By End User
- Energy & Utilities
- Transportation Systems
- Chemicals and Manufacturing
- Others
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It provides insights into critical factors that are fostering market development, along with the lucrative opportunities the global market holds. This involves favorable government policies, economic factors, trends, and numerous initiatives taken by corporations to augment product sales. The study will prove beneficial to manufacturers, new entrants, and businesses involved in the industry chain, offering valuable insights to support their operations and strategic initiatives.
The report highlights a comprehensive analysis of the competitive landscape of the global Industrial Cybersecurity market, focusing on key players and strategic developments. The global market is characterized by dynamism and competitiveness, with companies seeking to gain market share and secure a competitive edge in the global industry.
Regional Insights
The North America will dominate the market share of Industrial Cybersecurity Market. The regional outlook for different parts of the world, such as North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, is also included. The regional section sheds light on the prominent factors shaping market growth to assist stakeholders in understanding the global market standing of leading regions.
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Key Developments
- April 2023 (Product Launch): Thales developed a new National Digital Excellence Centre in the Cyber Centre in Canada which strengthens its cybersecurity skills across the industrial systems and allows SMEs and micro-enterprises to test and develop digital transformation ideas alongside large organizations.
- February 2023 (Funding): Opscura Inc., secured USD 9.4 million in Series A funding as it expands to include more U.S. partners and customers looking to secure and connect their mission-critical operations through multifaceted cybersecurity innovation.
- September 2022 (Product Launch): ABB launched the ABB Ability Cyber Security Workplace combines security tools into a single-view digital platform that streamlines the display of several critical pieces of information which can reduce the risks and protects the industrial attacks.
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