Global industrial cybersecurity market expected to be worth $22.bn by 2026

Global industrial cybersecurity market expected to be worth $22.bn by 2026

From: RegTech Analyst

The global industrial cybersecurity Market size is expected to reach $22.8bn by 2026, according to new research. 

Reportlinker.com‘s new report estimates that the market will grow at a compound annual growth rate of 7.2% between 2020 and 2026.

The industrial cybersecurity is meant to safeguard industrial conditions from cyber risks across different phases.

“Growing modern digital crooks combined with the inescapable helpless arrangements of cloud services means the risk that a company experiences, an efficient digital attack or data breach is on the rise,” Reportlinker.com said in a statement.

“Gone are the days of simple antivirus and firewall software as it only provides safety to the data and systems. Currently, leading companies do not rely on online protection experts for data security. Digital risks can appear with any extent in the company.

“It should be taught to the employees about simple social designing tricks like phishing and advanced online protection attacks such as ransom ware assaults (think WannaCry) or other malware, designed to get licensed innovation or individual data.”

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.

Essential training, knowledge and forward-thinking 

in RegTech

Enroll today and get 20% OFF the Professional RegTech Certificate

120,000+ FinTech leaders get exclusive industry stories delivered every week