Industrial Cybersecurity Market Expected to Grow at a CAGR of 8.3% During 2019-2025

Friday, 30. August 2019 12:07

Dublin, Aug. 30, 2019 (GLOBE NEWSWIRE) -- The "Industrial Cybersecurity - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Industrial Cybersecurity market worldwide is projected to grow by US$10.9 Billion, driven by a compounded growth of 8.3%.

Network Security, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$8.9 Billion by the year 2025, Network Security will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.5% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$490.7 Million to the region's size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Network Security will reach a market size of US$808.7 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.9% over the next couple of years and add approximately US$1.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include the following, among others:

  • ABB Group (Switzerland)
  • Bayshore Networks Inc. (USA)
  • Cisco Systems Inc. (USA)
  • CyberX (USA)
  • Dell EMC (USA)
  • Honeywell International Inc. (USA)
  • IBM Corporation (USA)
  • Indegy Ltd. (Israel)
  • Kaspersky Lab (Russia)
  • McAfee LLC (USA)
  • Rockwell Automation Inc. (USA)
  • Schneider Electric S.A. (France)
  • SecurityMatters B.V. (The Netherlands)
  • Sentryo (France)
  • Siemens AG (Germany)
  • Symantec Corporation (USA)

For more information about this report visit https://www.researchandmarkets.com/r/5817mm

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