The Worldwide Industrial Cybersecurity Industry is Expected to Reach $20.1 Billion by 2027 - ResearchAndMarkets.com
The industrial cybersecurity market size was valued at USD 16.2 billion in 2022 and was expected to reach USD 20.1 billion by 2027; it is expected to grow at a CAGR of 4.4% from 2022 to 2027.
- The industrial cybersecurity market size was valued at USD 16.2 billion in 2022 and was expected to reach USD 20.1 billion by 2027; it is expected to grow at a CAGR of 4.4% from 2022 to 2027.
- Likewise, the rising importance of cloud-based industrial cybersecurity services to create lucrative opportunities for the players in the industrial cybersecurity market.
- However, lack of awareness about best practices and the criticality of cybersecurity in industrial control systems are expected to restraint market growth.
- Power companies are increasingly adopting cybersecurity solutions and upgrading their cybersecurity capabilities to protect their industrial systems from rapidly evolving cyber threats.