US and China Lead Global Industrial Cybersecurity Market Growth - Estimated at $17.1 Billion in 2022, Projected to Reach $29.7 Billion by 2030
Dublin, August 14, 2023 (GLOBE NEWSWIRE) - The ResearchAndMarkets.com platform now includes the inclusion of the "Global Strategic Business Report on Industrial Cybersecurity".
According to reports, the worldwide market for Industrial Cybersecurity, which was valued at around US$17.1 Billion in 2022, is expected to expand and reach a new estimated size of approximately US$29.7 Billion by the year 2030. This growth is predicted to occur steadily at a compound annual growth rate (CAGR) of 7.2% during the analysis period spanning from 2022 to 2030.
The report examines different categories, and one of them is services, which is expected to achieve a compound annual growth rate of 8% and reach a total of US$12.8 Billion at the end of the analysis timeframe.
Considering the ongoing recovery after the pandemic, the Software industry is expected to experience a revised compound annual growth rate (CAGR) of 6.7% over the next eight years.
The market in the United States is valued at approximately $5.2 billion, while it is predicted that China will experience an annual growth rate of 10.1%.
In 2022, the Industrial Cybersecurity market in the United States is valued at approximately $5.2 billion. China, the second largest economy globally, is expected to achieve a market size of $5.6 billion by 2030 with a compound annual growth rate (CAGR) of 10.1% during the period from 2022 to 2030.
Japan and Canada are also significant markets to consider, as they are expected to experience growth rates of 3.7% and 5.2% respectively between 2022 and 2030. Meanwhile, Germany is projected to have a compound annual growth rate (CAGR) of around 4.6% within Europe.
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To access additional details concerning this report, kindly refer to the following website: https://www.researchandmarkets.com/r/6bw6jq
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The worldwide market for safeguarding industrial systems against cyber threats
