Asia Pacific Industrial Cybersecurity Market By Offering Type (Products and Solution & Services), By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others), By End User (Power, Utilities, Transportation, Chemicals & Manufacturing and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Asia Pacific Industrial Cybersecurity Market would witness market growth of 8.8% CAGR during the forecast period (2020-2026). Various government companies are increasing their investments to address the situation of security breaches and a surge in the web-based application for a larger number of connected devices for the simpler and secure transmission of data over the secured networks. The Transportation industry is vulnerable to cyber threats due to a rise in the whole connected systems rather than standalone systems followed by a power grid.
The industrial cybersecurity market is expected to increase growth prospects due to the increasing cases of cybercrimes across discrete and process management industries. The penetration of the global industrial cybersecurity market is rising owing to the surge in internet penetration across the world. Rising demand for industrial cybersecurity in other end-use industries, namely automotive, oil and gas, aerospace & defense, and energy & power is anticipated to encourage the growth of the market. However, the rising acceptance of IoT in cloud security solutions and industrial control systems will push the demand in the industrial cybersecurity market.
Industrial cybersecurity is a profoundly increasing and dynamic aspect of concern that includes the industrial control systems, network security, the hardware, and the network solutions which are manufactured for the safe operation of machines and plants in the industries. It manages, observes, and looks up to everything connected centrally and controlled by machines such as robotics, power plants, and other energy-related systems.
Based on Offering Type, the market is segmented into Products and Solution & Services. Based on Security Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others. Based on End User, the market is segmented into Power, Utilities, Transportation, Chemicals & Manufacturing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, Palo Alto Networks, Inc. and Broadcom, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering Type
- Solution & Services
By Security Type
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Wireless Security
By End User
- Chemicals & Manufacturing
- South Korea
- Rest of Asia Pacific
- ABB Group
- IBM Corporation
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Schneider Electric SE
- Rockwell Automation, Inc.
- Siemens AG
- Microsoft Corporation
- Palo Alto Networks, Inc.
- Broadcom, Inc.
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