Industrial/OT Cybersecurity Products and Services

The Industrial/OT cybersecurity market research report provides a concise analysis of the total worldwide market for industrial/OT cybersecurity products and services. It includes five-year market size and growth forecasts that reflect the significant variations in the impact COVID-19 is having across different industrial sectors and global regions.  

Industrial/OT Cybersecurity: Protecting Critical Infrastructure

The COVID-19 pandemic has wreaked havoc on industrial companies around the world.  Quarantines and job losses created major disruptions in the demand and supply of many industrial product and services.  Loss of revenues forced companies to slash operating budgets and delay capital projects.  Cash preservation has become a major constraint on all investment decisions.     

ARC Industrial/OT Cybersecurity Maturity ModelSuppliers of industrial cybersecurity products and services experienced similar challenges.  Travel constraints limited their ability to perform site assessments, conduct pilot demos, and implement solutions at customer sites.  Delays in sales of new control systems and upgrades drastically cut sales of conventional security solutions like firewalls and endpoint protection.  Loss of urgency about cybersecurity issues, other than secure remote access, postponed sales of more advanced security solutions.       

Uncertainty about COVID-19 is sustaining malaise in industrial markets and frustrating efforts of industrial/OT cybersecurity providers to make rational decisions regarding resources, product development, and marketing budgets.  These companies need to know how COVID-19 will impact their opportunities in different regions and vertical industries.  They also want to understand how these market segments will recover and what new security challenges companies will face in the post COVID-19 world.       

Industrial/OT Cybersecurity Market Strategic Issues 

The Industrial/OT Cybersecurity Products and Services Market Analysis Report provides the information needed to answer these questions.  It includes qualitative analysis of the impact COVID-19 has had on different industries and regions and examines how these industries will likely recover.  It also provides quantitative, five-year market size and growth forecasts for the overall industrial cybersecurity market with regional and vertical industry breakdowns.  

This report leverages ARC’s latest, in-depth research on industrial operations and industrial technology markets.  It also incorporates insights from analysts around the world with unique perspectives on industrial markets.  

COVID-19 Has Shifted Cybersecurity Buying Trends 

Strong growth in this market before the COVID-19 pandemic shows that industrial organizations are concerned about cyber-attacks on operating facilities.  While COVID-19 recovery challenges will dominate management attention in the short term, cyber risks will remain and demand attention as normal industrial activity resumes.  However, suppliers should expect shifts in the market opportunities, reflecting variations in the ways COVID-19 impacted different regions and industries.  Lack of capital will constrain some kinds of investments but efforts to redesign workflows should accelerate sales in other market segments.  

Changes in ICS Sales Impact Demand for Basic Cybersecurity Products

Today, most industrial control systems are delivered with security in mind, whether they are upgrades of existing systems or controls for new facilities.  This drives markets for endpoint protection and network security solutions.  Anticipated COVID-19-related delays and restrictions in CAPEX spending across regions and industries are major contributors to the 2020 market contraction and will likely constrain market growth for several years 

Cyber Concern Drives Legacy System Protection Market

Concern about regional and industry cyber threats drive security investments for existing control systems.  These generally start with plant-level security assessments followed with larger projects that include technology solutions and implementation services.     

Concern about security and regulations has fueled strong demand for security assessment and implementation projects.  But these activities suffered a major drop during the COVID-19 crisis.  Cyber concerns were placed on the back burner as companies struggled to deal with the pandemic.  Suppliers have also struggled to deliver services within COVID-19 travel restrictions and social distancing guidelines.  Market recovery will likewise be constrained until customers work their way through operational restarts and therapeutics/vaccines become available.  New service delivery work practices and availability of remote access will also alleviate some of the supplier challenges.

Gaps and New Threats Fuel Demand for Advanced Cybersecurity

Cybersecurity management solutions, anomaly and breach detection solutions, and managed services are generally sold separately to companies that have already implemented basic security measures.  They help improve security “hygiene” and reduce the risks of sophisticated cyber-attacks.    

Combined, these products and services represent about 20 percent of the industrial cybersecurity market.  As demand depends on cyber concerns, sales suffered a major setback during the COVID-19 crisis in line with the sales of security for existing control systems.  However, recovery will be accelerated for some of these products in industries that choose digital transformation as the approach to increasing resiliency against a COVID-19 recurrence and future pandemic threats.

Impacts Vary Within Cybersecurity Markets

The Industrial/OT Cybersecurity market spans several different technology and service categories.  COVID-19’s impact on these categories vary and change the growth opportunities for specific products and services.   This market analysis report discusses the total market for products and services.  Other reports in this series extend the analysis to the next level with granular and specific information on specific products and services.  These extended reports also include information on the competitive landscape and key suppliers in the following industrial/OT cybersecurity market segments:

  • Industrial/OT Network Security Solutions
  • Industrial/OT Endpoint Protection Solutions
  • Industrial/OT Cybersecurity Management Solutions
  • Industrial/OT Anomaly and Breach Detection Solutions
  • Industrial/OT Cybersecurity Services     

Formats and Editions Available

This market study may be purchased as a concise, executive-level Market Analysis Report (PDF).   

MIRA Workbook Market Analysis PDF
Worldwide (includes regional data) No Yes

Worldwide Research Focus Areas

Strategic Analysis

  • COVID-19 Impact on Global Regions and Major Industrial Sectors
  • COVID-19 Impact on Global Industrial/OT Markets
  • Post COVID-19 Implications for all Industrial/OT Cybersecurity Impacts
  • Success Strategies for Suppliers in the Post COVID-19 World

Scope of Research

  • Market Forecasts by Region
  • Market Forecasts by Industry
  • Market Forecasts by Major Product Categories

Market Size & Forecast

  • Total Industrial/OT Cybersecurity Products & Services Market
  • Revenues by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Revenues by Major Vertical Industry
    • Electrical Power Generation and T&D
    • Chemical and Petrochemical
    • Oil & Gas
    • Automotive, Pharmaceutical, and Food & Beverage
    • Water & Wastewater
    • Other Manufacturing
    • Other Critical Infrastructure
  • Revenues by Product Type
    • Industrial/OT Endpoint Protection
    • Industrial/OT Network Security Solutions
    • Industrial/OT Cybersecurity Management Solutions
    • Industrial/OT Anomaly & Breach Detection
    • Industrial/OT Cybersecurity Services

Industry Participants

This research is relevant for all providers of IT, OT, and IoT Cybersecurity Solutions and Services to Industrial and Infrastructure Organizations. 

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