$49.5+ Billion Industrial Cybersecurity Market By Component, Security Type, & End User

The global industrial cybersecurity market is expected to reach $49.53 billion by 2030, growing at a CAGR of 14.8% during the forecast period of 2023-2030. The growth of the industrial cybersecurity market is driven by the emergence of disruptive digital technologies and the increasing frequency & sophistication of cyberattacks. The solutions segment is projected to grow at the highest CAGR during the forecast period, due to increasing concerns regarding data security and privacy and the consistent efforts by shareholders in the industrial sector to improve efficiency, reduce costs, and increase security. The endpoint security segment is projected to grow at the highest CAGR during the forecast period, due to the exponential rise in the number of endpoint devices and rising demand for endpoint security solutions to secure various enterprise networks.