Industrial Cybersecurity Market 8.6% CAGR Led by North America to 2023 Says a New Research Report at ReportsnReports

PUNE, India, August 28, 2017 /PRNewswire/ --

Industrial cybersecurity market is forecast to reach $22.79 billion by 2023 from $12.72 billion in 2016 at a CAGR of 8.6% during (2017-2023) driven by the increasing government funding to improve the cybersecurity of the industrial environment and the growing incidents of data security breaches due to the rising number of connected devices in industrial control systems.

Browse 65 Market Data Tables and 53 Figures spread through 214 Pages and in-depth TOC on "Industrial Cybersecurity Market - Global Forecast to 2023" http://www.reportsnreports.com/reports/1166533-industrial-cybersecurity-market-by-type-network-application-endpoint-wireless-cloud-others-product-gateways-and-networking-devices-solution-and-service-end-user-industry-and-region-global-forecast-to-2023.html.

The companies profiled in industrial cyber security market report include International Business Machines (IBM) Corporation (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Cisco Systems, Inc. (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Dell Inc. (US), McAfee, LLC (US), Symantec Corporation (US), and Kaspersky Lab (Russia). The report also includes profiles of new entrants such as Indegy (Israel), Security Matters (Netherlands), CyberX (US), Bayshore Networks, Inc. (US), and Sentryo (France).

The industrial cyber security market for transportation systems industry will grow at a high rate between 2017 and 2023. The growing penetration of advanced technologies is resulting in the shift of transportation systems from stand-alone type to newer inter-connected systems. The increasing dependence of transportation modes on new technologies is leading to the exposure of transportation control systems to cyber-attacks; this is boosting the demand for cyber security solutions.

Make an Inquiry on Industrial Cybersecurity Market by Type (Network, Application, Endpoint, Wireless, Cloud, Others), Product (Gateways and Networking Devices), Solution and Service, End-User Industry, and Region - Global Forecast to 2023 research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1166533.

The industrial cyber security market in APAC grows at a high rate during the forecast period. North America held the largest share of the industrial cyber security market in 2016. The industrial cyber security market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World. The region is an early adopter of innovative technologies and is home to a large number of industrial cyber security solution providers. The market in APAC is expected to grow at the highest rate between 2017 and 2023 owing to the improving IT infrastructure, rising adoption of cloud-based services, and growing trend of industrial automation in the region.