Meticulous Research®, a leading global market research organization, has issued a significant report titled ‘Industrial Cybersecurity Market by Component (Solutions, Services), Security Type (Endpoint Security, Network Security), End User (Industrial Manufacturing, Transportation & Logistics), and Geography—Global Forecast to 2030.’

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As reported by Meticulous Research®, the global industrial cybersecurity market is projected to experience a CAGR of 14.8% from 2023 to 2030, reaching an estimated $49.53 billion by 2030. This growth is largely driven by the rapid advancement of digital technologies and the increasing prevalence and complexity of cyberattacks. Moreover, the escalating demand for cloud-based security solutions among SMEs, along with the integration of Artificial Intelligence (AI), Machine Learning (ML), and Blockchain technologies for enhanced security, is expected to provide ample growth opportunities. However, the ongoing shortage of skilled professionals in cybersecurity could hinder market development.

The report segments the industrial cybersecurity market by component, security type, deployment mode, and end user, offering thorough analysis at both country and regional levels.

Component Overview
The industrial cybersecurity market is divided into solutions and services. The solutions segment is projected to command a larger share in 2023, influenced by increasing concerns about data privacy and proactive efforts by stakeholders in the industrial sector to enhance efficiency and security. This segment is also expected to grow at the highest CAGR during the forecast period.

Security Type Overview
The market is classified into network security, application security, cloud security, endpoint security, and others. In 2023, the endpoint security segment is expected to dominate due to the rapid rise in the number of endpoint devices and the heightened demand for robust security solutions to safeguard enterprise networks. This segment is anticipated to grow at the fastest rate throughout the forecast period.

Deployment Mode Overview
The market encompasses on-premise and cloud-based deployment options. The cloud-based deployment segment is expected to lead in market share by 2023, owing to the advantages of flexibility and cost-effectiveness, especially for SMEs. This segment is predicted to exhibit the highest CAGR during the forecast period.

End User Overview
The end-user market includes industrial manufacturing, energy & utilities, transportation & logistics, and others. The industrial manufacturing segment is expected to hold the largest share in 2023, driven by increasing demand for real-time security monitoring and a rise in cybersecurity incidents. Conversely, the transportation & logistics sector is expected to demonstrate the highest growth over the forecast period.

Geographic Overview
On a geographical basis, North America is anticipated to hold the largest share of the market in 2023, supported by advancements in technology and proactive government initiatives addressing rising cyber threats. Meanwhile, the Asia-Pacific region is projected to experience the highest growth rate, driven by rapid industrial growth and substantial investments in cybersecurity technologies.

Key Players:
The key players operating in the industrial cybersecurity market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), F5, Inc. (U.S.), Splunk, Inc. (U.S.), Mandiant, Inc. (U.S.), Broadcom, Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Imperva, Inc. (U.S.), Cyberark Software Ltd. (U.S.), and RSA Security LLC (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/industrial-cybersecurity-market-5316

Key questions answered in the report:
• Which are the high-growth market segments in terms of component, security type, deployment mode, end user, and countries?
• What is the historical market for industrial cybersecurity across the globe?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, restraints, and opportunities in the global industrial cybersecurity market?
• Who are the major players in the global industrial cybersecurity market, and what shares do they hold?
• Who are the major players in various countries, and what shares do they hold?
• How is the competitive landscape?
• What are the recent developments in the global industrial cybersecurity market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?
• Who are the local emerging players in the global industrial cybersecurity market, and how do they compete with the other players?

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