Industrial Cyber Security Solutions and Services Market - Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2026

The global industrial cyber security market is expected to reach US$ 29.97 Bn by 2026, expanding at a CAGR of 9.2% from 2018 to 2026.Technical advancements, increased digitization, presence of large number of industrial cyber security solution providers, and online browsing are anticipated to significantly influence the global industrial cyber security market growth across the North America region.

Rise in use of industrial control systems and network components in the manufacturing and utility sectors is responsible for the increase in demand for industrial cyber solutions globally. The ability of industrial cyber security systems to offer protection from various forms of cyber-attacks is fuelling demand for them. Most of the industries today employ advanced industrial control systems. This, in turn, is expected to drive demand for industrial cyber security.

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Increasing government funding to tackle cyber security breaches is expected to lead to the growth of the industrial cyber security market over the forecast period. Furthermore, rise in use of cloud security solutions is projected to fuel the growth of the market in the near future.

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Many companies have started to develop and deploy cyber security techniques due to the increasing cyber-crime and strict government rules & regulations to combat it.

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