April 4, 2020
Industrial Cyber Security Solutions And Services

Industrial Cyber Security Solutions And Services Market is Supposed to Touch US$ 32.26 Billion Mark by 2027

The global market for industrial cybersecurity solutions and services is anticipated to have a market value of US$ 32.26 billion by 2027 and is set to grow by 10.3 per cent with CAGR during the forecast period.

Market Insights

Technology advancements have increased the adoption of cloud by various industries to share and store data on the cloud platform. In addition, the increase in the number of cyber-attacks and data breaches has increased the global demand for industrial cybersecurity solutions and services. In addition, the increase in IoT devices within the industry is also enhancing the growth of the market, as all devices are connected and share information or important data within the premises and from industries located at a different location with the help of cloud and on-site deployments.

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The industrial cybersecurity solutions and services market was segmented on the basis of end-users as FMCG, healthcare, energy & power, oil & gas, aerospace and defense, automotive, chemicals, and others. With a market share of more than 25.0 percent in 2018, the energy and power segment is the dominant segment and is anticipated to dominate the market during the forecast period. This is due to advancements in power industry technology and the adoption of IoT devices for real-time data sharing that increase cyber threats across the industry.

The market for industrial cybersecurity services is largely fragmented with vendors from both the IT and Operational Technology (OT) sides leveraging their domain expertise to provide cybersecurity lifecycle services with innovative service platforms and management consoles. With a high degree of Internet of Things (IoT) adoption and increased scrutiny on critical infrastructure protection, North America, Europe and the Middle East are mature cybersecurity markets. The outsourcing of managed security services is a rising trend with service providers presenting subscription-based models to implement cybersecurity scalability and flexibility and allow their services to be aligned with end-user requirements.

Some of the prominent players operating in industrial cyber security solutions and services market are Symantec Corporation, Schneider Electric SE, IBM Corporation, Lockheed Martin Corporation, Honeywell International Inc., Dell Inc., Siemens AG, Maverick Technologies, Rockwell Automation, Inc., ABB Ltd., CyberArk Software Ltd., Bayshore Networks, Inc., McAfee, LLC, Kaspersky Lab, and Cisco Systems, Inc.

Key Questions Answered

What is industrial cybersecurity services market adoption, requirements, and trends?
What is market acceptance among end-users across global regions of industrial cybersecurity services and what are the key customer challenges?
What are emerging service models and how do businesses leverage them to enhance their strategy for cybersecurity as a service (CSaaS)?
How do you monetize CSaaS models for recurring revenue generation?
Who are the key players on the market and what are they doing for the Security-as-a-Service transition?
What partnerships do businesses need to consider expanding their portfolio of services?

Credence Research is Providing Premium Sample of This Report:  https://www.credenceresearch.com/sample-request/60090

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