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The report "Industrial
Cybersecurity Market by Antivirus/Malware, Firewall, Data Loss Prevention
(DLP), SCADA, Security Information and Event Management (SIEM), Identity and
Access Management, and Distributed Denial of Service (DDoS) - Global Forecast
to 2029" The global industrial cybersecurity market was estimated to be
valued at USD 84.54 billion in 2024 and is projected to reach USD 135.11
billion by 2029; it is expected to register a CAGR of 9.8% during the forecast
period.
Increasing focus on
integrating the Internet of Things (IoT) in Industrial Control Systems (ICS),
deployment of artificial intelligence (AI) and generative AI in security
solutions, the growing shift towards smart manufacturing, increasing risk of
cyberattacks, the rising need to protect critical infrastructure from
sophisticated cyber threats, and stringent regulatory compliance in various
sectors are the major factors driving the overall market growth.
By Security Type,
Network security segment to account for the largest market share in 2029.
It is anticipated that
network security will dominate the market for industrial cybersecurity
throughout the forecast period since it serves as the grounding for protecting
linked systems from external threats. When AI and IoT are introduced into
enterprises, their networks are threatened by intrusions, which underlines the
need to manage data flow between devices and systems. As industrial networks
become increasingly complex, companies focus on enhancing network security to
safeguard their operations, maintain information integrity, and ensure
organizational resilience when facing new and growing threat risks.
By Deployment Type, the
Cloud segment is expected to exhibit the highest CAGR between 2024 and 2029.
In the industrial
cybersecurity market by deployment type, the cloud segment is expected to have
the highest CAGR as more firms achieve cloud adoption for their solutions than
on-premises due to factors such as flexibility and cost of acquiring infrastructure.
While organizations implement digital strategies and distributed work, cloud
security remains an important issue. One of the major reasons that cloud
security is rapidly growing is that more important data and critical operations
have started storing in the cloud services.
North America to
dominate the market from 2024 to 2029.
North America is
anticipated to have the largest share in the industrial cybersecurity market
because of its early adaptation of modern technologies as well as its strong
industrial environment. The presence of major industrial cybersecurity players
coupled with legal frameworks that put pressure on firms to adopt enhanced
security measures are driving the market growth. Furthermore, the increasing
trend of cyber threats towards critical infrastructure, such as energy and
manufacturing sectors is forcing organizations in North America to embrace more
advanced and superior cybersecurity solutions, making the region a leader in
the market.
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