BANGALORE, India, March 17, 2021 /PRNewswire/ — The Industrial Cyber Security Market is Segmented by Type (Network Security, Application Security, Endpoint Security, Wireless Security, Cloud Security, Others), by Application (Power, Energy & Utilities, Transportation Systems, Chemical and Manufacturing, Others), Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on Valuates Reports in the Computer Security Category.
The global Industrial Cyber Security market size is projected to reach USD 19220 Million by 2026, from USD 12000 Million in 2019, at a CAGR of 6.9% during 2021-2026.
Rising investment by key players to develop and launch advanced industrial cybersecurity solutions that help protect zero day malware attack etc & prevent huge losses.
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TRENDS INFLUENCING THE INDUSTRIAL CYBER SECURITY MARKET
The increasing risk of cyberthreats for industries is expected to fuel the industrial cybersecurity market size. Cyberattacks have cost companies millions of dollars through the disruption of services and critical operations. It’s essential to improve industrial cybersecurity to keep critical systems running and protect the financial data and reputation of any organization.
The growing investment by key players to develop and launch advanced industrial cybersecurity solutions that can protect against zero-day malware attacks is anticipated to drive the industrial cybersecurity market size. A zero-day attack exploits an unpatched vulnerability and could adversely affect organizations and bring forth huge losses. Until a patch becomes available, it is often a race between threat actors trying to exploit the flaw and vendors or developers rolling out a patch to fix it.
Furthermore, the increasing adoption of the internet of things (IoT) solutions in industrial control systems and cloud security applications is expected to fuel the growth of the industrial cybersecurity market size.
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INDUSTRIAL CYBER SECURITY MARKET…