North America Industrial Cybersecurity Market By Offering Type (Products and Solution & Services), By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others), By End User (Power, Utilities, Transportation, Chemicals & Manufacturing and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Industrial Cybersecurity Market would witness market growth of 6.4% CAGR during the forecast period (2020-2026).
GDPR and various laws indicate that online protection is a concept that can be overlooked by any organization. Security episodes regularly impact companies, thereby bring irreparable reputational harm to the company in question. A surge in the demand for associated gadgets in the industries led to an increase in online security attacks, thereby boosting the demand for industrial cyber protection.
Businesses are the foundation of a nation’s economy and the loss suffered by ventures due to industrial digital attacks would burden the economy, hence pulling the government’s attention towards investing in advanced network protection to ensure the security of modern activities. In recent years, the industrial cybersecurity market has been witnessing rapid growth and rising prominence. High penetration of Industrial Internet of Things (IIoT) technology in basic framework ventures (power utilities, oil & gas, others) and the manufacturing sector, has increased threat attacks surfaces.
The growing dependency of people on online applications and advancements has resulted in the expansion for the risks of digital threats. Road, rail, and metro networks are well coordinated with one another and with other modes of transport. Modern control systems are used in each transportation mode such as roadways, air transport, oceanic, and pipeline transport. The growing popularity of digitalization has hindered associations to majorly rely on digitized data.
Sharing a massive amount of information in outer and inner environments across the globe has made associations prone to cybercrime through several kinds of attacks. Rising popularity for Industrial cybersecurity in end-use industries such as oil & gas, automotive, aviation, and energy, are anticipated to boost the growth of the global market. However, the highly unpredictable nature of network protection and undefined return on investment (ROI) advantages are creating uncertainty among end-users.
Based on Offering Type, the market is segmented into Products and Solution & Services. Based on Security Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others. Based on End User, the market is segmented into Power, Utilities, Transportation, Chemicals & Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, Palo Alto Networks, Inc. and Broadcom, Inc.
Scope of the Study
Market Segments covered in the Report:
By Offering Type
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