Industrial Cyber Security Market: High Investment in Infrastructure as a Service and Cloud Computing Tools to Augment Growth During Coronavirus -…

Pune, India, Dec. 01, 2021 (GLOBE NEWSWIRE) -- The global Industrial Cyber Security Market size is excepted reach to reach USD 29.41 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period. The integration of cybersecurity solutions and advanced cloud services by various industries will spur opportunities for the global market during the forecast period, states Fortune Business Insights, in a report, titled Industrial Cyber Security (ICS) Market Size, Share & COVID-19 Impact Analysis, By Component (Product, Software and Services), By Security Type (Network Security, Cloud Application Security, End-point Security, Internet Security, and Others), By Industry (Process Industry and Discrete Industry) and Regional Forecasts, 2020-2027. The market size stood at USD 15.84 billion in 2019.

Request to Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-cybersecurity-market-104557

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

The Report Lists the Key Companies in the Market:

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/industrial-cybersecurity-market-104557

The report on industrial cyber security incorporates essential understandings of the market, all-inclusive data about prominent players, distinguished facts and figures, latest developments, key drivers and restraints, along with imperative information about dominant regions. Moreover, the report also provides a brief study regarding the impact of the COVID-19 pandemic impact on the industry.

Increasing Acceptance of AI-based Industrial Robots to Bolster Growth

The growing implementation of cloud-based ICS-as-a-service and industrial robots across manufacturing and industrial plants will contribute positively to the markets growth. According to the International Federation of Robotics, in 2018, there were around 125.6 thousand industry robots deployed across the automotive industry, 105.2 thousand deployed across the electronic industry, and 43.6 thousand deployed across the metal and mining industry worldwide. Similarly, as per the Robotic Industries Association (RIA) report, in 2018, around 422,000 industry robots shipped globally. Cybersecurity solutions secure industrial robots from cyber-attacks, thus supporting smooth operations. Moreover, governments heavy investments in cybersecurity will foster the market's healthy growth in the forthcoming years. For instance, in May 2017, the Singaporean government declared an investment for four years (2017 2021) of around USD 1.76 billion in economic strategies. This investment includes the advancement of various Cybersecurity Agency (CSA) of Singapore.

Investment Plans of Prominent Companies to Uplift Market Amid Coronavirus

The coronavirus has adversely affected the IT sector around the world, consequently hampering the market. However, noteworthy companies are focused on investment strategies to improve the market scenario. According to IDC, worldwide IT spending is expected to decline by 2.7% due to COVID-19. Moreover, the expenditure on infrastructure as a service (IaaS) and cloud computing tools is projected to increase in the near future. For instance, in May 2020, Rockwell Automation, Inc., announced that it has acquired Kalypso, LP., software delivery and consulting organization. The company intends to provide control products and solutions using Kalypsos abilities to develop security solutions. Moreover, the temporary closure of manufacturing facilities, industrial plants, factories, and other industries has restricted the market's expansion.

Quick Buy Industrial Cybersecurity Market Research Report:https://www.fortunebusinessinsights.com/checkout-page/104557

Implementation of Cloud-Based Security Solutions to Boost Growth in the Asia Pacific

The market Asia Pacific is expected to rise excellently during the forecast period due to existing companies in China, India, Taiwan, Japan, Australia, South Korea, and other ASEAN countries. The heavy investments in cloud-based security applications will contribute positively to the growth of the market in Asia Pacific. The emergence of new companies coupled with small and medium enterprises (SMEs) will foster the healthy development of the market in Asia Pacific. Europe is expected to expand radically during the forecast period owing to the rising investment for secure IT infrastructure across industries. For instance, according to UBS Group AG, in Europe, the estimated electric vehicle revenue is likely to reach around 6.33 million units by 2025.

Key Development:

August 2019: Cisco System Inc., an American multinational technology conglomerate headquartered in San Jose, California, completed the acquisition of Sentryo, a Lyon, France-based company. Sentryo offers cybersecurity solutions and asset visibility for industrial control systems (ICS).

Speak to Analyst:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/industrial-cybersecurity-market-104557

Have a Look at Related Research Insights:

Access Control Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Type (DAC, MAC, RBAC), By Application (Homeland Security, Commercial, Residential, and Industrial), and Regional Forecast, 2020-2027

Chatbot Market Size, Share & COVID-19 Impact Analysis, By Component (Platform/Software Development Kit and Services), By Deployment (Cloud and On-premises), By Application (Website, Contact Centers, Social Media and Mobile Application), By Industry (Banking, Financial Services and Insurance (BFSI), Retail and ecommerce, Information Technology (IT) and Telecom, Media and Entertainment, Healthcare and Others and Regional Forecast, 2020-2027

Speech and Voice Recognition Market Size, Share & Industry Analysis, By Component (Solution, Services), By Technology (Voice Recognition, Speech Recognition), By Deployment (On-Premises, Cloud), By End-User (Healthcare, IT and Telecommunications, Automotive, BFSI, Government, Legal, Retail, Travel and Hospitality and Others) and Regional Forecast, 2019 2026

Facial Recognition Market Size, Share & Covid-19 Impact Analysis, By Component (Solutions, Services), By Technology (2D Facial Recognition, 3D Facial Recognition, Thermal Face Recognition, Skin Texture Analysis, and Others, By Application (Face Identification, Access Control, Security & Surveillance, and Others, By End-user (BFSI, Healthcare, Government & Defense, IT & Telecom, Retail & ecommerce), and Regional Forecast, 2020-2027

Cyber Security Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment Type (Cloud and On-Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Read Press Release: https://www.fortunebusinessinsights.com/press-release/global-industrial-cyber-security-market-10414

Visit link:
Industrial Cyber Security Market: High Investment in Infrastructure as a Service and Cloud Computing Tools to Augment Growth During Coronavirus -...

Related Posts

Comments are closed.