NEWARK, Del, July 28, 2022 (GLOBE NEWSWIRE) -- The industrial cybersecurity market is expected to record a CAGR of 7.7% during the conjecture time frame (2022 - 2032). The worldwide industrial cybersecurity market is estimated to be esteemed at US$ 20.7 Bn in 2022 and is projected to arrive at US$ 43.5 Bn by 2032. according to the excellent report from FMI. the factors that are fueling the power industry’s increased demand for industrial cyber security products.
The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and disruption for organizations and individuals all across the world. The pandemic has resulted in the introduction of a work-from-home option for most employees, posing operational issues for enterprises.
The Internet of Things has made it much easier to do difficult activities and has eased the lives of millions of people. It provides a new approach for contemporary companies to handle, store, and process data in the cloud and data centers.
Customers, businesses, and communication service providers all interact differently because too smart gadgets. They’ve made it possible to automate and adapt many company procedures. The rising use of smartphones throughout the world has resulted in an increase in the number of networked devices that run on many platforms.
Owners of industrial companies and their personnel underestimate the present and impending possible risks in the industrial control systems environment due to the relative rarity of targeted assaults against automation systems and the excessive dependence on safety measures.
Request a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14460
Synthetic assaults are guarded against by industrial control systems. As a result, security goods and software solutions are developed without addressing new risks or the nature of future assaults, as well as without a full analysis and examination of the current threat environment. As a result, real-world dangers are undervalued.
Modern security technologies are used in the industrial sector to prevent cyber-attacks, but attackers create new strategies and processes to get around them. Investments in security defence and detection technologies aid in the development of successful defensive plans, yet, one of the most common causes of breaches is human mistake.
These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.
Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.
In the absence of understanding of the related hazards, every employee who is a member of an organisation constitutes a threat to security. As a result, cyber security training is essential for personnel to comprehend, anticipate, and avoid future dangers before they become more serious. The staff will also be able to implement safe business practices at work as a result of the training.
Before Buying, Visit for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14460
North America is expected to have a significant industrial cyber security market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.
During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.
Throughout the forecasted period, Europe is expected to increase at a significant rate.The rise in investment for the expansion of secure IT infrastructure throughout the automotive industry is largely responsible for the region’s success.
KEY TAKEAWAYS:
- The hardware solutions from the industrial cyber security market are expected to grow at the fastest CAGR of 7.1% in the component sector.
- Discrete industry is expected to grow at a high rate in the end-use sector of the industrial cyber security market, with a CAGR of 7.6%.
- The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.
- UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.
- China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.
- Japan is expected to have a market size for the industrial cyber security of US$ 2 Billion by 2032, with a CAGR of 9.2% during the research period.
- By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.
COMPETITIVE LANDSCAPE:
Major players such as Schneider Electric SE, Rockwell Automation Inc., CyberArk Software Ltd., ABB Ltd., Bayshore Networks Inc. are among the industrial cyber security market's top participants.
Several business strategies are being implemented by these companies in order to boost their global expansion and deliver sophisticated security services.
- Exablaze, an Australian developer and producer of innovative network devices, was acquired by Cisco System, Inc. in February 2020. This acquisition will help the organisations improve their security network performance.
- Broadcom Inc. will introduce BizOps, an improved decision-making platform for sectors, in June 2020. This approach would aid businesses in speeding up decision-making across a variety of commercial and technological fields.
- CyberArk Software Ltd. introduced CyberArk, Cloud Entitlements Manager, an artificial intelligence-based solution, in November 2020. The solution was created to improve cloud infrastructure security layers across businesses.
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14460
Key Segments
By Component:
- Hardware Solutions
- Software Solutions
- Services
By Security Layer:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Wireless Security
- Others
By End-User Industry:
- Process
- Oil and Gas
- Chemical
- Food and Beverages
- Energy and Power
- Other (Water, etc.)
- Discrete
- Automotive
- Electronics
- Heavy Manufacturing
- Packaging
- Others (Aerospace and Defense, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Contact Sales for Further Assistance in Buying this Report@ https://www.futuremarketinsights.com/checkout/14460
Table of Content
1. Preface
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Acronyms Used
2.3. Research Methodology
3. Executive Summary
3.1. Industrial Cyber Security Market Snapshot
4. Market Dynamics
4.1. Market Taxonomy
4.2. Product Overview
4.3. Introduction: Industry Evolution / Developments
4.4. Global Industrial Cybersecurity Market – Macro Economic Factors Overview
4.5. Drivers and Restraints Snapshot Analysis
Explore FMI’s Extensive Coverage on Industrial Automation Domain
Vision Guided Robots Market Outlook: The global vision guided robots market is projected to secure a CAGR of 7.8% during the forecast period, and attain a value of US$ 27,238.3 million by 2032. The current valuation of the market stands at US$ 12,810.0 million in 2022.
Seam Welding Machine Market Demand: The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.
Sirens Market Sales: The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.
Pin Marking Machine Market Volume: The demand for pin marking machine is predicted to expand at a gradual rate to reach US$ 987 million by 2032, at a CAGR of 4.8% through 2032.
Radial Drilling Machine Market Forecast: The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period.
Laser Welding Market Growth: Global Laser Welding demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032.
Hot Chamber Die Casting Machine Market Analysis: Overall demand for hot chamber die casting machines is projected to grow at a CAGR of 5% between 2022 and 2032, totaling around US$ 1,648.5 Million by 2032.
Safety Limit Switches Market Size: The safety limit switches market is anticipated to rise to US$ 1.8 Billion in 2022. The revision knee replacement market is estimated to reach US$ 3.3 Billion with a CAGR of 6.1% by 2032.
Safety Instrumentation Systems Market Share: The global safety instrumentation systems market is forecasted to be valued at US$ 6947.3 million by 2032, up from US$ 4123.3 million in 2022, advancing at a CAGR of 5.4% during the forecast period.
Industrial Power Monitoring System Market Value: Expected to reach US$ 4,318.6 Million by 2022-end, the market for industrial power monitoring system is likely to flourish at a CAGR of 4.2% from 2022-2032.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/industrial-cyber-security-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
